Author: News Room

It may take more than roses for romance to flourish this Valentine’s Day – many couples want to talk about their finances, too, a recent survey said. Thirty-one percent of respondents said that they mentioned personal finances on the first date or within the first few dates, according to consumer financial app Cleo’s dating and money survey. Among more established relationships, 73% of couples said they discussed their finances at least once a week and 17% said they discussed finances at least once a month. Millennials are most likely to discuss finances with their partner regularly, the survey said. By contrast, Generation…

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. A student loan cash-out refinance allows you to use the equity in your home to pay off your student loan debt. Essentially, you combine your student loans and mortgage into a new loan. This helps you get rid of your student loans and potentially lock in a lower interest rate on…

Home prices in the United States increased 5.5% year-over-year in January, according to the latest data by CoreLogic. However, prices dropped by 0.2% on a month-over-month basis.  CoreLogic projected that home prices will decrease by 0.1% on a month-over-month basis from January to February this year, but will increase on a year-over-year basis by 3.1% from January 2023 to January 2024.These are the states with the highest price increases, based on CoreLogic’s data:  Florida (13.4%)Maine (11.5%)South Carolina (10.7%)”While 2023 kicked off on a more optimistic note for the U.S. housing market, recent mortgage rate volatility highlights how much uncertainty remains,”…

Grand Cayman is a resort mecca with white sand beaches, scuba diving, snorkeling and deep-sea fishing. The largest of the Cayman Islands, it boasts fine dining, a stress-free environment and picture-perfect weather. A draw for real estate investors and expats: The entire British Overseas Territory is a tax haven with no property, income, capital gains or payroll taxes. An estate home now on the market at US $9.5 million is a standout example of the luxury residences near Grand Cayman’s sought-after Seven Mile Beach area with its stunning swath of coral sand. “The home is located in the ultra-exclusive community…

Previously, I wrote on What a Trust is in some detail, but did not go into the duties the Trustee of a Trust owes to the Trust’s beneficiary. To summarize, a Trust is an agreement written by the owner of the property, which gives legal title to the property to the Trustee, but the benefit of the property to one or more beneficiaries. A Grantor is the creator of a Trust, usually the owner of the property placed in the Trust; the Trustee manages the property, the beneficiary receives the income, principal or both. During the Trust’s existence, the Remainderman…

Owing taxes can be stressful. Unfortunately, the actions of some companies can make it worse. As part of its “Dirty Dozen” campaign, the IRS has renewed a warning about so-called Offer in Compromise “mills” that often mislead taxpayers into believing they can settle a tax debt for pennies on the dollar—while the companies collect excessive fees. Dirty Dozen The “Dirty Dozen” is an annual list of common scams taxpayers may encounter. Many of these schemes peak during tax filing season as people prepare their returns or hire someone to help with their taxes. The schemes put taxpayers and tax professionals…

A couple typically plans for their retirement. What is frequently overlooked is the reality that, on average, women live longer than men. Few retirement plans prepare surviving women for what is effectively her second retirement – a later life stage with new complexities, different needs, and costs just just when financial resources and personal resilience may be sharply declining. According to the Centers for Disease Control and Prevention, forecasted life expectancy at birth for women in 2019 was 81.4 years compared to men who can look forward to 76.3 years. However, by age 65, women are likely to live nearly…

If you can change these five mistakes, budgeting won’t be dreadful, and maybe even fun. I get some version of this question every week as a money coach. “I hate budgeting. I don’t know what I’m doing, and I just dread it. But I know that if I put a budget together, my finances will be better, and I can do more of the things that I want to do. So do you have any tips on how I can do budgeting better?” Nobody wants to sit in front of a computer with a bunch of spreadsheets and stare at…

eBay’s stock (NASDAQ NDAQ : EBAY) has gained roughly 7% YTD, which is at par with the rise in the S&P500 index. However, at its current price of $44, the stock is trading 7% below its fair value of $48 – Trefis’ estimate for eBay’s valuation. The company posted better-than-expected results in the fourth quarter of 2022, despite a 4% y-o-y drop in total revenues to $2.5 billion. The top line mainly suffered due to a decrease in the active buyer base, down 9% y-o-y to 134 million. Further, the Gross Merchandise Volume reduced by 12% y-o-y in the quarter.…

According to NextEarningsDate.com, the Wells Farg next earnings date is projected to be 4/14 before market open, with earnings estimates of $1.15/share on $20.20 Billion of revenue. Looking back, the recent Wells Fargo earnings history looks like this: The company has the following long-term earnings per share chart: And with quarterly revenue that looks like this: But earnings reports can often uniquely bring abrupt volatility to a stock, in either direction, as investors digest the fundamental details. And that volatility can be a stock options trader’s dream come true — so such traders will be interested to know that Wells…