The 30-year mortgage rate will fall below 7% by April 2024, Realtor.com says in its housing forecast for next year. The average mortgage rate in 2024 is expected to be 6.8%, and the 30-year may fall to as low as 6.5% by the end of the year, according to Realtor.com’s…

A New Year’s resolution is a promise to yourself to do something good in the year ahead. If you are over 65 and retiring or losing your job in the near future, here is one resolution you must make. Resolve to enroll in Medicare Part B, medical insurance. I sense…

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 news that Apple AAPL, +0.24% could part ways with its banking partner, Goldman Sachs GS, +1.84%, has sparked questions and concerns from Apple Card users, with some wondering what could happen to their cards and the associated Apple Savings account. “So what happens to my Apple Card? Does it automatically…

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…

Let’s say you just had your 50th birthday party. Can you still retire a millionaire? Retiring a millionaire is quite simple, but it’s not easy. Otherwise, we’d see millions more people reaching financial freedom. Here is the basic math to achieve millionaire status – to help you see what you…

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…

President Joe Biden’s administration announced an additional $4.8 billion of student loan forgiveness related to fixes made by the U.S. Department of Education to income-driven repayment (IDR) forgiveness and Public Service Loan Forgiveness (PSLF). That brings the total approved student debt cancelation by the Biden administration to $132 billion for…

Some say wealth is a frame of mind. But for financial advisers it’s a measuring stick. The financial services industry clumps households into various categories to segment their relative wealth. For example, the “mass affluent” are loosely defined as having between $100,000 and $1 million in investable assets. The definition…

There is a seemingly endless debate about whether Americans have sufficient savings for retirement (for example, see these pieces from the American Enterprise Institute and the National Institute on Retirement Security). The answer is that many people do. But tens of millions do not. Overall retirement assets have grown enormously…