Author: Press Room
A recent newsletter from Dr. Elizabeth Landsverk, geriatrician, warns us that some recent studies show that nearly one out of eight adults in the US is prescribed a sedative (benzodiazepine). Is your aging loved one taking Valium (Diazepam), Ativan (Lorazepam), Xanax (Alprazolam) or Klonopin (Clonazepam)? All of these are addictive. As they lose their effectiveness over time, the prescribing physician often increases the dose. This leads to increased risk of side effects, such as falls, confusion, irritability, poor sleep and increased risk of dementia. When your aging parent also consumes alcohol with the medication, the result can be that they…
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. The interest rate on a 30-year fixed-rate mortgage is 6.990% as of May 15, which is unchanged from yesterday. Additionally, the interest rate on a 15-year fixed-rate mortgage is 6.250%, which is also unchanged from yesterday. With mortgage rates changing daily, it’s a good idea to check today’s rate before applying…
Supreme Court Justice Ketanji Brown Jackson disclosed receiving concert tickets from pop superstar Beyoncé Knowles-Carter, one of several notable items revealed Friday in the high court’s latest financial disclosure reports.Jackson valued the four tickets at $3,711.84, according to her annual disclosure form, which covered all of 2023.It’s unclear precisely which show Jackson or her family attended, but Knowles-Carter played a sold-out show in a thunderstorm in the Washington D.C. area in August 2023. The Renaissance Tour concert was attended by Vice President Kamala Harris, who later disclosed a gift of tickets from Knowles-Carter on her own annual disclosure forms, citing…
Your student loan bill may get smaller next month.Here’s why: A feature of the Biden administration’s latest income-driven repayment plan that will reduce millions of borrowers’ monthly payments kicks in on July 1.For some borrowers, “it’s a dramatic drop,” said higher education expert Mark Kantrowitz.Last summer, President Joe Biden rolled out the new program, called the Saving on a Valuable Education, or SAVE, plan, describing it as “the most affordable student loan plan ever.” So far, around 8 million borrowers have signed up for SAVE, according to the White House.Under IDR plans, borrowers pay a share of their discretionary income each…
Adults bought more toys for themselves than for any other age group last quarter for the first time ever, surpassing toys for even the historically-dominant preschooler market. Consumers 18 years of age and up spent $1.5 billion in toy-related purchases in the period from January through April, overtaking the three-to five-year-old demographic as the most important age group for the toy industry, according to a new report from market research firm Circana. Looking back over a longer period, the report said as many as 43% of adults purchased a toy for themselves in the past year, with the top reasons…
Asset allocation isn’t dead. While we’ve been in a cycle where any diversification around the U.S. large-cap stocks detracted from performance, it’s still just a cycle which in turn will end and bring with it a new set of potential outcomes. If you’re in agreement, and are looking for a fund that provides a mix of asset class exposure designed to generate real return, then the SPDR® SSgA Multi-Asset Real Return ETF (NYSEARCA:RLY) is worth considering. RLY was launched in April 2012 as an actively managed exchange-traded fund, or ETF, seeking real returns through capital appreciation and current income. The…
Unlock the US Election Countdown newsletter for freeThe stories that matter on money and politics in the race for the White HouseFrench President Emmanuel Macron said on Thursday his country will send some Mirage fighter jets to Ukraine and train pilots to fly them, as part of a step-up in aid to help Kyiv resist Russian advances in its territory. The pledge came after Nato allies, including Belgium, Norway, Denmark and the Netherlands, committed to dispatching about 80 US-made F-16 fighters to Ukraine. Macron said France was seeking to put together a coalition of countries that own the Mirage 2000…
The Biden administration has spent the last week pushing allies in the Middle East to make specific threats to Hamas, as part of an urgent campaign to push the group toward accepting the latest Israeli ceasefire and hostage proposal that would pause the fighting in Gaza. US officials have publicly called on the group to accept previous ceasefire proposals on the table as Israel and Hamas have engaged in months of back-and-forth negotiations, but there has never been an all-out pressure campaign marked by specific asks to individual countries as part of the Biden administration’s push. Secretary of State Antony Blinken has held almost a dozen calls with key players in the region since Friday and other top State…
While the Financial Independence, Retire Early movement is widely popular, some people plan to do the opposite, and never retire. They work because they enjoy it. Why retire at the top of your game? The idea of working longer is becoming more common. Researchers at Pew Research Center state both the sheer numbers, as well as the percentage of older working adults is increasing. According to Pew, “Numbering roughly 11 million today, the older workforce has nearly quadrupled in size since the mid-1980s.” Pew reports, “The share of older adults holding a job today is much greater than in the…
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. The interest rate on a 30-year fixed-rate mortgage is 6.625% as of May 16, which is 0.365 percentage points lower than yesterday. Additionally, the interest rate on a 15-year fixed-rate mortgage is 5.875%, which is 0.375 percentage points lower than yesterday. With mortgage rates changing daily, it’s a good idea to…
