Many American retirees are making significant mistakes with their traditional IRAs by planning to leave the accounts to their children or other heirs. Inheriting a traditional IRA never was a great deal and is significantly less appealing to heirs now. An IRA owner can take actions to increase the value…

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…

Travelers, be warned: The federal government may revoke your passport if you ignore a big tax bill.Such punishments have become more frequent in recent years, experts said.Federal law requires the IRS and Treasury Department to notify the State Department if an American has a “seriously delinquent tax debt.”This is a…

Annie, 39, and her husband, Emery, 43, earn a healthy $223,200 together.On paper, they seem to be living well. They own their home as well as two rental properties, have over $236,000 invested and recently traveled to Lisbon, Portugal, to see Taylor Swift, they told self-made millionaire and money expert…

Last year, consumers shelled out big bucks for their back-to-school shopping needs, spending a record $41.5 billion, according to estimates from the National Retail Federation. That whopping tally, which amounted to more than $890 per household, bested 2021’s all-time high by roughly 12%. While higher prices sure played their part,…

Long/short strategies have had a hard time the last decade in general. Being long-only and having full exposure to the S&P 500 has clearly been the winning trade. But that’s not to say that the next 10 years couldn’t be different. I actually think there’s a lot of opportunity in…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Russian lawmakers have hit back at reports of the arrest of Telegram chief executive Pavel Durov in France for failing to adequately moderate criminal activity on his messaging platform.The Russia-born billionaire was…

Favorable views of the American flag are usually associated with the GOP. Michael Smerconish argues that patriotism, military service, and pride in the American flag were key themes at the 2024 Democratic National Convention. From hearing “USA, USA, USA!” chants and a line up of country music stars… Democrats are…

By Kelly K. James, Next Avenue During an interdepartmental Zoom meeting, a vice president asked for feedback about a video he’d produced, on a tight timeframe, to promote our company. On the video, one employee made a comment that made our company look bad. I thought she may have misspoken…

Mortgage rates dipped significantly this week, dropping to the lowest level in more than a year, according to Freddie Mac. Rates for 30-year, fixed-rate mortgages averaged 6.47%, down from 6.73% last week. “Mortgage rates plunged this week to their lowest level in over a year following the likely overreaction to…