Market Review Overall, the markets remained relatively flat or even slightly positive heading into September. However, volatility picked up once Congress got back in session. September was a negative month bringing the S&P 500 +.58% and the Dow -1.46% for...
Many people cite staggeringly low interest rates as a reason to skip an emergency fund. Others cite the threat of continuous inflationary pressure. Regardless, it's still a good idea to keep a solid cash reserve on hand for a number...
Pandemic-related mortgage bailouts are ending, and foreclosures are now rising. Foreclosure starts jumped 32% in the third quarter of this year from the second quarter and were 67% higher than the third quarter of 2020. The foreclosure numbers should stay...
Covid-19 has been a financial boon or bust for workers, depending on their personal situations. Now, those effects are changing when many Americans say they expect to retire. As anticipated retirement ages shift, younger generations expect to reach that finish...
Fantasia Holdings Group Co., a developer of luxury apartments in China, said it didn’t make a $206 million U.S. dollar bond payment that was due Oct. 4, adding to the malaise surrounding the country’s highly indebted property companies. The company,...
Fannie Mae says it expects U.S. home sales to end 2021 a bit higher than they were the year before and the multiple economic effects of the coronavirus pandemic to dampen the market well into next year. "A lack of...
A reader has just written in urging me to take another look at Roth IRAs. This follows my previous column, in which I said I was wary of them, partly because I figured I’ll be paying a lower tax rate...
Following a budget is a smart financial decision. If you stick to a budget, you may be less likely to land in debt, and you may have an easier time padding your savings account on a regular basis. But a...
Evergrande I am very far from an expert on the situation at giant indebted property company China Evergrande Group, but I will say that two things that appear to be true are: It owes 1.6 million apartments to people who...
Tucked into the House Democrats’ tax plan to raise $2.2 trillion in tax revenue is a new tax on the country’s wealthiest Americans — but other, earlier proposals that target the rich have been scaled down or eliminated altogether. The...
A line of 60 uniformed security guards stretched across the entrance to ailing Chinese property giant Evergrande’s gleaming Shenzhen tower on Monday as dozens of angry investors demanded answers – and their money – from the company. The protesters, who...
Amid a red-hot housing market, a large number of prospective buyers are overlooking some of the fine details about insuring their big investment, according to a popular real estate listing website. Data from Realtor.com found that listings are on the...
As attention on Capitol Hill turns to permanent changes to the social safety net in the $3.5 trillion reconciliation bill, temporary provisions meant to help Americans weather the coronavirus pandemic are reaching their end. Unemployment benefits for millions of Americans...
The Social Security cost-of-living adjustment for 2022 potentially will be the biggest in 40 years. Estimates indicate the annual boost could be 6.2%, prompted by rising inflation. But rising prices on grocery store shelves and at gasoline pumps aren’t the...
How the Sandwich Generation Can Plan for Retirement Individuals ranging in age from 35 to 44 or older often fall into a category referred to as the sandwich generation because they find themselves taking care of their children and parents...
