Author: Press Room

Rhode Island made news this month when it became the twentieth state to establish a state-facilitated retirement savings program and the seventeenth to do so with an auto-IRA model. This action by the Rhode Island legislature means every state in New England, except New Hampshire, will now offer a state-facilitated savings program. States elsewhere in the nation are considering these programs as well, including large states like Michigan and Pennsylvania, with millions of potential beneficiaries in those states. State legislatures are adopting these programs because they are both good policy and good politics. These programs represent a real effort to…

A small group of Americans who took out cheaper but riskier mortgages several years ago are about to see their monthly payments skyrocket. Since 2019, more than 1.7 million homes have been bought using adjustable rate mortgages (ARMs), which initially offer a lower, more affordable interest rate than their fixed-rate counterparts. But eventually, ARMs reset to an unknown future rate, meaning there is a high degree of uncertainty for individuals who take on these types of loans.About 330,000 homeowners who got an ARM in 2019 have already seen their five-year, fixed-rate term end, and another 100,000 will see their rates…

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Investing In General Mills General Mills (NYSE:GIS) shares are usually found in income-seeking investors. After all, 124 years of uninterrupted dividends combined with a 9% CAGR in shareholder returns over the past three decades are two outstanding achievements that won’t go unnoticed by several cohorts of investors. I am initiating my coverage of General Mills as it approaches its Q4 and FY 2024 report. This seems to be an opportune time to share my research on the company and explain why it could be a good investment for some, but currently not for me. General Mills: The Company General Mills…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Benjamin Netanyahu said on Sunday that the end of the “intense phase” of Israel’s war with Hamas in Gaza was “very close”, and that Israel would soon redeploy forces to its northern border where it has been trading near-daily fire with the Lebanese militant group Hizbollah.In an interview with Israel’s Channel 14, the Israeli prime minister said the end of this phase of fighting in the enclave would not spell the end of the war. He insisted that Israel would continue until…

Every great financial advisor has heard some version of the following from a client or prospective client: “I wish I’d met you sooner!” The apparent assumption is that if they had met on an earlier date, they’d have become a client sooner, they’d have better positioned themselves financially, and they’d be better off today than they may be now. Perhaps they’re right, but regardless, it begs the question—or questions: Why do, why don’t, and why should people look for a financial advisor? Why do? Short answer: They’re anticipating or going through a major life transition. In my 27 years of…

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 6.875% as of June 5, which is unchanged from yesterday. Additionally, the interest rate on a 15-year fixed-rate mortgage is 5.990%, which is 0.135 percentage points lower than yesterday.  With mortgage rates changing daily, it’s a good idea to check today’s rate…

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