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'What are the odds?  I retire and the stock market crashes.  All my plans are upside down.'  I want to draw on my 401(k) to renovate my new home.  What options do I have?

‘What are the odds? I retire and the stock market crashes. All my plans are upside down.’ I want to draw on my 401(k) to renovate my new home. What options do I have?

Dear Quentin, I’m due to retire in two months and I have already moved to my new home in the sun. I have not sold my apartment in a major US metropolitan area on the east coast, as I wanted to see how I settled into my new life. It’s a quiet, but beautiful city …

‘What are the odds? I retire and the stock market crashes. All my plans are upside down.’ I want to draw on my 401(k) to renovate my new home. What options do I have? Read More »

My stepfather died.  He inherited my late mother's estate and always said he'd take care of us in his will.  How do I tactfully broach this issue with his children?

My stepfather died. He inherited my late mother’s estate and always said he’d take care of us in his will. How do I tactfully broach this issue with his children?

Dear Quentin, My former stepfather passed away a month ago. He was married to my mother in Nevada at the time of her passing 21 years ago. During their marriage she gave him quite a bit of money from her retirement fund to buy and upkeep properties that he/they owned. When she passed away, her …

My stepfather died. He inherited my late mother’s estate and always said he’d take care of us in his will. How do I tactfully broach this issue with his children? Read More »

'A recession in the next 12 months is not in our base case': Stocks got clobbered Friday.  Why smart investors focus on the long game

‘A recession in the next 12 months is not in our base case’: Stocks got clobbered Friday. Why smart investors focus on the long game

The stock market ended a volatile week on a gloomy note Friday, with the three major US indexes plunging as investors got tripped up in worries like inflation, the Fed’s fight against it and fears of a hard-landing recession. As confidence got pummeled as well, financial experts recommended that investors not panic, but think about …

‘A recession in the next 12 months is not in our base case’: Stocks got clobbered Friday. Why smart investors focus on the long game Read More »

'The housing market faces an inflection point': Home-builder confidence declines as interest rates rise

‘The housing market faces an inflection point’: Home-builder confidence declines as interest rates rise

The numbers: The National Association of Home Builders’ monthly confidence index once again fell two points from the previous month to a reading of 77 in April, the trade group said Monday. The index remains at the lowest level since September. Nevertheless, index readings above 50 indicate that more builders believe that conditions are good …

‘The housing market faces an inflection point’: Home-builder confidence declines as interest rates rise Read More »

The US city where property taxes rose the most last year will likely surprise you

The US city where property taxes rose the most last year will likely surprise you

Today’s home buyers could be in for a shock when the tax man comes calling. In 2021, around $328 billion in property taxes were imposed on single-family homes across the country, according to a new report from real-estate analytics company Attom Data Solutions. Growth in property taxes decelerated last year, despite the run-up in property …

The US city where property taxes rose the most last year will likely surprise you Read More »

The US city where property taxes rose the most last year will likely surprise you

The US city where property taxes rose the most last year will likely surprise you

Today’s home buyers could be in for a shock when the tax man comes calling. In 2021, around $328 billion in property taxes were imposed on single-family homes across the country, according to a new report from real-estate analytics company Attom Data Solutions. Growth in property taxes decelerated last year, despite the run-up in property …

The US city where property taxes rose the most last year will likely surprise you Read More »

Mortgage rates soar to highest level in over a decade — even wealthy home buyers are feeling the pain

Mortgage rates soar to highest level in over a decade — even wealthy home buyers are feeling the pain

Mortgage rates are soaring, and no one is being spared. The average rate on a 30-year fixed-rate mortgage was 5% as of the week ending April 14, representing an increase of 28 basis points from the previous week, Freddie Mac FMCC, +0.31% reported Thursday. One basis point is equal to one hundredth of a percentage …

Mortgage rates soar to highest level in over a decade — even wealthy home buyers are feeling the pain Read More »

CEO of Robinhood rival shines fresh light on what retail investors are doing.  Wall Street needs to pay attention.

CEO of Robinhood rival shines fresh light on what retail investors are doing. Wall Street needs to pay attention.

From the start of the COVID-19 pandemic two years ago, a newish crowd of retail investors emerged, pouring extra cash into equity markets and steering Wall Street into places they never dreamed of, such as meme stocks. Our call of the dayfrom the founder and chief executive officer of competitive stock trading app Zingeroo, says …

CEO of Robinhood rival shines fresh light on what retail investors are doing. Wall Street needs to pay attention. Read More »

Robinhood extends trading hours from 7 am to 8 pm — 3 things NOT to do when trading stocks after hours

Robinhood extends trading hours from 7 am to 8 pm — 3 things NOT to do when trading stocks after hours

At 7 am, it can be the time for a morning coffee while 8 pm can be time to have supper, watch your favorite television shows, or even enjoy a glass of wine. If you have a Robinhood account, it’s also becoming a time to play the stock market during extended trading hours — but …

Robinhood extends trading hours from 7 am to 8 pm — 3 things NOT to do when trading stocks after hours Read More »