Most people are confused about how much money they need to retire comfortably, and financial services firms often add to the confusion. Two recent surveys show the confusion, especially when compared with other data. American adults say on average they now need $1.46 million to retire, according to the Northwestern…

Mortgage rates declined for a third consecutive week, falling below 7% for the first time in over a month as a home affordability crisis maintains its grip on the housing market. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed…

Inflation has steadily been rising in recent years. The Consumer Price Index — a major measure of inflation — rose again in March, by 0.4% on all items. Rising inflation is causing consumers to rely more heavily on credit cards for everyday expenses, a Varo Money survey found. Close to…

It’s Mental Health Awareness Month. There is a nationwide effort to remove the long standing stigma of mental health issues. Historically, it has been very difficult for anyone to persuade a family member to get mental health help when family sees the signs. If you have an elder in your…

Mortgage rates are back down below 7% this week. A 30-year fixed-rate mortgage averaged 6.94%, Freddie Mac reported. Rates for 30-year mortgages averaged 7.02% last week. Fixed rates for 15-year mortgages also declined, averaging 6.24%. This is down just slightly from last week when 15-year mortgage rates averaged 6.28%. Falling…

Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders who compensate us for our services, all opinions are our own. During…

Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders who compensate us for our services, all opinions are our own. Borrowers…

Some retirees continue to make a key mistake with required minimum distributions, and that could cost them a lot of money. When a retiree doesn’t need the RMD to pay living expenses, some move the money to a Roth IRA, treating it as a conversion of the RMD to a…

College tuition can sometimes cost $10,000 more than budgeted, but despite the unexpected expense, many students are making ends meet, a recent survey said. About 66% percent of college students said college costs were more than they expected and 26% said that these costs rang in at about $10,000, according to…

As Americans’ debt grows, recession fears are refueled and the Fed grapples with the pressure to cut rates, “Bond King” Jeffrey Gundlach shares his grim take on the economy’s obstacles. “I think the data that’s come out is quite concerning over the past week,” the DoubleLine Capital CEO and founder…