I have six brothers and sisters. My youngest brother, 50, has his name on the title deed to the family home, as do my two deceased brothers. Two sisters got married and withdrew their names from the act. One of our sisters was on the title, but she also passed away. My brother says, “It … Read more
In your article “I want to access my 401(k) sooner. Is a loan the only way? you wrote that hardship distributions were “…available only if the participant has an “immediate and significant financial need” and that the distribution cannot exceed the amount “necessary to satisfy the financial need.” Cher Kent, There is some definition of … Read more
Throughout 2024, the ISSSTE will carry out 24 personal loan draws, including 20 conventional draws and four exclusive ones for working women and the health sector, educational sector and older adults, with up to 40,000 credits available in each one. Interest rate Regarding interest rates, ordinary, pension and emerging loans have a rate of 11.50%. … Read more
Amid heated speculation over whether the crypto asset (virtual currency) Bitcoin will be approved as an exchange-traded fund (ETF), former Citigroup executives will begin selling securities backed by Bitcoin. The deal does not require approval from the Securities and Exchange Commission (SEC). Bitcoin rises 160% in 2023 – Expected ‘demand shock’ if ETF approved The … Read more
The U.S. financial authorities are trying to determine the right time to start considering how to step back from shrinking the company’s balance sheet. This suggests that the end may be closer than previously expected. Minutes from last month’s Federal Open Market Committee (FOMC) meeting discussed technical factors that will determine when to slow the … Read more
Tesla announced on the 2nd that it would sell 484,507 units for the October-December 2023 period (fourth quarter), exceeding the average analyst estimate of 483,173 units. However, China’s BYD sold 526,409 units in the quarter, dethroning it as the world’s number one electric vehicle (EV) company. BYD is selling mainly in the Chinese market due … Read more
I am 56 years old and semi-retired. I was a single mother for many years, but managed to find success during over 30 years of working in corporate America. My total net worth is approximately $3.4 million, including my home, investments, and cash. I will write my last tuition check at the end of this … Read more
My wife and I are both retired. Right now we have an IRA worth over $800,000, which is intact, and stocks worth $600,000. We receive pensions and Social Security, which amount to about $9,000 a month, but we have two mortgages that are not being paid off. Our primary mortgage has $42,000 remaining with an … Read more
I’m a 76-year-old widow with a $153,000 mortgage, $73,000 in investments, and $20,000 in a high-yield savings account. My Social Security and very small pension provide me with a monthly income of $3,400 per month. I save about $400 per month, split between my bank savings ($100), my high-yield account ($200) and my investments ($100). … Read more
House prices have reached a new all-time high and mortgage rates have started to fall – but that won’t yet be enough to revive the property market, according to an expert. Even as borrowing costs fall, keeping home buyers away, the “lock-in effect” of homeowners reluctant to sell and give up their current 3% or … Read more