Personal Finance

The economy, the Fed and inflation all have some influence over long-term fixed mortgage rates, which generally are pegged to yields on U.S. Treasury notes, so there’s already been a spike since the Fed started raising rates. The average 30-year fixed rate is now about 4.83 percent, up from 4.09 percent in 2015. That has
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If it looks like you’ll retire with some debt, factor that repayment into your overall plan, said certified financial planner Lynn Ballou, regional director of EP Wealth Advisors in Lafayette, California. “Make sure the payoff of those debts is built into the budget — not as an additional cost, but because you are giving something
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Robinhood’s news this week inspired a Twitter debate over FDIC versus SIPC coverage. And the most vocal critics of the limitations of SIPC coverage were financial advisors. Jude Boudreaux, partner and senior financial planner at The Planning Center, was one of them. Without more detail on Robinhood’s accounts, Boudreaux said there’s “no way” he would
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Now’s the time to make sure you have some basic estate planning documents and policies in place, including a will, power of attorney and life insurance, Boneparth said. “If you’ve been dragging your feet on that, now there’s virtually no excuse,” he said. “This is pure sleep-well-at-night stuff. “You can’t mess around,” he added. “There
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College-sponsored bank accounts ding students with millions of dollars in fees each year, according to a report by the Consumer Financial Protection Bureau. The Education Department under President Donald Trump never published the analysis but advocacy groups recently obtained it through a Freedom of Information Act request. The bureau reviewed 573 colleges across the country
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People of color struggle more than their white neighbors to repay their car loans. In St. Joseph, Indiana, for example, 27 percent of people in predominantly nonwhite ZIP codes are delinquent on their auto debt, compared with just 3 percent in predominantly white ZIP codes. A new map by the Urban Institute traces auto delinquency
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