Mortgage rates continued their wave-like fluctuations, dropping slightly from last week when rates averaged closer to 7%. A 30-year, fixed-rate mortgage averaged interest rates of 6.89% as of July 11, Freddie Mac reported. Rates currently average lower than they did at this time last year when they hovered around 6.96%…

President Joe Biden’s administration has asked the Supreme Court to lift a block on the Saving on a Valuable Education (SAVE) plan, which is designed to ease the burden of student loan debt for millions of borrowers. Biden introduced SAVE after the Supreme Court struck down Biden’s student loan forgiveness…

Retirees with more guaranteed lifetime income spend more in retirement and do so without worrying about running out of money. The additional spending is meaningful, according to researchers David Blanchett and Michael Finke, who recently updated research they produced in 2021. Retirees who receive steady income from Social Security, pensions,…

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…

The Inflation Reduction Act has generated many initiatives to cut drug costs for Medicare beneficiaries. So, it’s possible that those past the age of 65 and still working probably don’t care about any of them. However, the IRA may have created a dilemma. Will the drug coverage incorporated into the…

Americans still believe in homeownership, but high home prices, soaring borrowing rates and misconceptions about the homebuying process keep many from achieving their goal, a recent survey said. The majority of Americans (83%) consider homeownership an essential life milestone and 40% think about it at least once a week, according…

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…

Young adults in the U.S. have been skeptical about Social Security at least since the days when I was one of them. Today’s younger generations are no different, and that’s affecting their retirement planning. About 47% of non-retirees believe Social Security won’t pay them any retirement benefits, according to a…

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…

When discussing Social Security filing strategies with clients, I often run across the confusion between a spousal benefit and a survivor benefit. There is a difference as they are two totally separate benefits. When your spouse passes away, the ability to collect a spousal benefit or continue to receive a…