The global oil market is a point of major focus after the U.S. attacked three key Iranian nuclear sites on Saturday night. Oil prices are…
Billionaire Ray Dalio, founder of Bridgewater Associates, is sounding the alarm on America’s chronic spending, national debt nearing $37 trillion, combined with a $2 trillion deficit that may balloon with President Trump’s ‘One Big Beautiful…
The origination of home equity loans, home equity lines of credit (HELOCs) and cash-out-refinances rose 11 percent in the fourth quarter of 2024, according to TransUnion. That marks the third straight quarter of year-over-year increases. And it doesn’t stop there. HELOC balances are growing too — by $6 billion in…
Chicago History Museum/GettyImages Mob boss Al Capone was famously convicted of tax evasion. He didn’t pay taxes he earned through illegal operations, and he went to prison for it. But while tax evasion is illegal, tax avoidance is not. Tax avoidance involves using legal strategies to lower your tax liability.…
Key takeaways Inheriting an IRA can be complex. The rules differ based on your relationship to the deceased, your age and even their age at death. One misstep can trigger hefty penalties or tax bills you can’t undo. Surviving spouses can treat the IRA as their own or remain as…
Key takeaways There are several ways to finance home renovations, including renovation mortgages, home equity loans and personal loans. Borrowing makes the most sense when repairs are urgent or when improvements will increase your home’s value. Compare loan options carefully, especially considering interest rates, fees and the amount of home…
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Key takeaways A conditional approval for a mortgage indicates a lender intends to give you a loan, but requires some additional information before doing so. This might include the results of an appraisal, a down…
