Author: Press Room
A couple typically plans for their retirement. What is frequently overlooked is the reality that, on average, women live longer than men. Few retirement plans prepare surviving women for what is effectively her second retirement – a later life stage with new complexities, different needs, and costs just just when financial resources and personal resilience may be sharply declining. According to the Centers for Disease Control and Prevention, forecasted life expectancy at birth for women in 2019 was 81.4 years compared to men who can look forward to 76.3 years. However, by age 65, women are likely to live nearly…
Judge Thomas Hardiman of the Third Circuit wrote approvingly of Tax Court Judge Albert “Scholar Al” Lauber’s opinion in the case of Mitchel Skolnick. It is a large dollar hobby loss opinion – horses of courses – that may have implications in the future. In approving the IRS denial of the over $3,000.000 in losses on Bluestone Farms LLC (85% owned by Skolnick), Judge Lauber indicated that he had weighed the sixth of nine regulatory factors – history of income and losses – very heavily in making his determination that Bluestone was not an activity carried on with an intent…
If you’re considering selling real estate in Manhattan or Brooklyn, you’re probably wondering how long it will take and, more importantly, how much you’ll get. The usual measures — days on market and listing discounts — attempt to answer those questions by looking at the time between the original listing date and the contract signed date and the difference between the final price and the original asking price. The results, typically calculated as medians to cull outliers, are, at best, rough estimates, and should be used as guidelines to set outside expectations. In practice, if your asking price is right,…
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. Based on data compiled by Credible, mortgage rates for home purchases have risen for three key terms and fallen for one term since yesterday. Rates last updated on March 28, 2023. These rates are based on the assumptions shown here. Actual rates may vary. Credible, a personal finance marketplace, has 5,000…
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 the week of Feb. 27, 2023, average private student loan rates fell for borrowers with credit scores of 720 or higher who used the Credible marketplace to take out 5-year variable-rate loans and rose for 10-year fixed-rate loans. 10-year fixed rate: 7.94%, up from 7.87% the week before, +0.075-year variable…
Consumers hit with credit card late fees could get some relief if a law proposed by the Biden administration, capping these penalties at $8, is put into action. The move to lessen the fees could save millions of Americans as much as $9 billion a year, the White House said in a press release. Late credit card payments can cause consumers to experience a host of repercussions, such as a ding on their credit score, and on top of that, they also face paying credit card companies fees of as much as $41 for each missed payment. The new law, which…
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 with good credit seeking personal loans during the past seven days prequalified for rates that were lower for 3-year loans and higher for 5-year loans compared to the previous seven days. For borrowers with credit scores of 720 or higher who used the Credible marketplace to select a lender between…
Short sellers were sitting on more than $7 billion in profit from the mass sell-off of bank shares by the end of March, their largest windfall since the global financial crisis in 2008, according to data firm Ortex.The collapse of Silicon Valley Bank and the emergency rescue of Credit Suisse by domestic rival UBS headlined a chaotic month for the global banking sector.Fears of contagion sent shares tumbling across the U.S. and Europe, and the losses were compounded by further monetary policy tightening from the U.S. Federal Reserve.Short selling is the practice of borrowing an asset and selling it on…
Thu, Apr 6 20234:53 PM EDTDamage to Ukraine’s energy infrastructure exceeds more than $10 billion, report saysThe damage to Ukraine’s energy infrastructure due to Russia’s invasion exceeds more than $10 billion, the United Nations and World Bank said in a joint assessment.The international organizations wrote that the damage to Ukraine’s power, gas and heating infrastructure has left over 12 million people with no or limited electricity. Additionally, there are disruptions to water supply and heating systems.Russia has previously denied that its forces target Ukrainian civilian infrastructure.— Amanda MaciasThu, Apr 6 20233:17 PM EDTWHO records more than 900 attacks on vital health services in…
Across the United States, more than 150 million people are being faced with the possibility of a new reality: life without TikTok. The wildly popular short-form video app has been at the center of an ongoing battle, with lawmakers calling for an outright ban, and the company portraying itself as a critical community space, educational platform and just plain fun. In Hong Kong, there’s no need to imagine that reality: TikTok discontinued its services there in 2020. Its abrupt departure was met with mixed reactions: disappointment from some users and content creators, but also relief from others who say life…
