Author: Press Room

Retirement accounts are protected from creditors and lawsuits most of the time, but not all the time. You should know the circumstances when an IRA or other retirement account might be vulnerable. In general, qualified retirement accounts are protected from creditors, whether or not bankruptcy is declared, by the federal Bankruptcy Abuse and Consumer Protection Act of 2005. For most types of retirement plans, the protection is unlimited. But IRAs receive limited protection with the protected amount adjusted for inflation every three years. Currently, up to $1,512,350 of an IRA is protected. There’s no limit, however, when the IRA was…

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 July 22, which is unchanged from Friday. Additionally, the interest rate on a 15-year fixed-rate mortgage is 5.875%, which is also unchanged from Friday.  With mortgage rates changing daily, it’s a good idea to check today’s rate before applying…

Paycheck advance products, often referred to as “earned wage” products, give consumers access to their paycheck early when they’re in a pinch. Offered through employers or as direct-to-consumer loans, these products can be free but many come with costly fees. To combat misunderstandings around these loans, the Consumer Financial Protection Bureau (CFPB) has proposed a rule. The rule explains that paycheck advance products should be subject to the Truth in Lending Act just like other credit products. Under the act, lenders must legally disclose the true cost of any fees workers will face when using these products.Paycheck advance products are…

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Market slides : The S & P 500 gave back earlier gains and fell throughout Tuesday afternoon, led lower by the mega-cap tech stocks. Ahead of the post-Fed meeting news conference Wednesday afternoon, when central bank chief Jerome Powell is expected to signal interest rate cuts are coming, the market continued to toss out stocks of companies that don’t need lower rates to beat and raise. Investors instead kept buying stocks of…

The co-chair of the annual National Association of Black Journalists convention stepped down Tuesday in apparent reaction to that group’s decision to have former President Donald Trump speak at its convention and career fair in Chicago on Wednesday, among other factors.”To the journalists interviewing Trump, I wish them the best of luck,” NABJ24 convention co-chair Karen Attiah wrote in a social media post announcing her decision to resign her position. “For everyone else, I’m looking forward to meeting and reconnecting with all of you in the Windy City.””While my decision was influenced by a variety of factors, I was not…

Spirit AIrlines, the ultra-low cost carrier known for charging bargain-hunting passengers for anything and everything, is introducing business class seating. The airline said it will allow customers to pay extra for what it’s calling “a big front seat,” with two pairs of wider seats at the front of the cabin taking up the space formerly occupied by three seats on each side of the aisle. The seats will also offer additional legroom. Farther back in the plane Spirit will also allow passengers to pay more for seats in rows where the middle seat will not be sold. It’s a sign…

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Protests broke out across Venezuela against authoritarian President Nicolás Maduro’s disputed re-election, as the government threatened to crack down on opposition leaders and the international community called for a breakdown of poll results.Maduro’s victory, which was announced on Monday, has been challenged by the opposition’s candidate Edmundo González. González, a retired diplomat, led Maduro by at least 20 points in independent polls and had a clear lead in exit surveys and quick counts on Sunday.By the afternoon, people in a number of neighbourhoods across Caracas were shouting “Fraud!” and banging pots and pans from their windows in protest. Disturbances were…

Text messages and radio chatter released Monday show that law enforcement officers lost sight of Donald Trump’s would-be assassin, Thomas Matthew Crooks, and further illustrate the confused communications around tracking him at the July 13 rally. According to documents released by Sen. Chuck Grassley’s office, law enforcement officers knew of and raised the shooter’s presence at the rally more than 90 minutes before he climbed onto a roof and fired eight rounds at Trump. At 5:14 p.m, an officer took photos of Crooks sitting outside. Twenty minutes later he sent those images to a group chat, the texts show. “Kid learning around…

When considering retirement, many pre-retirees and recent retirees focus on the vacation part, making plans to travel and pursue interests and hobbies. You might also be looking forward to the initial honeymoon phase of retirement, when you don’t have to wake to an alarm clock, quickly wolf down breakfast, and rush out the door to work. But then what? Sooner or later, you’ll realize that pursuing these activities only occupies a relatively small amount of your time throughout the year. And the excitement of the honeymoon phase fades away as it becomes your normal routine and you settle into the…