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Expert-Backed Strategies for Managing Auto Debt

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According to the Quarterly Report on Household Debt and Credit from the Federal Reserve Bank of New York, auto loan balances in the United States top $1.66 The true cost of operating a vehicle also includes insurance premiums, fuel costs, maintenance expenses and in some cases parking fees. Many households in the U.S. Whats to blame?

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Should You Consider a Reverse Mortgage?

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Prior to legislative changes that began under the Reagan administration , banks had many avenues to take the equity in a home, Walton says. These types of loans allow homeowners to draw upon home equity for repairs and maintenance and/or to cover or lower living expenses. It’s the elephant in the room.It They took everything.

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The European asset management industry: Navigating volatile times

McKensey

At the same time, sentiment toward the global asset management industry has reached a 30-year low as of April 2025, according to a Bank of America Global Fund Manager Survey. 4 Bank of America Global Fund Manager Survey, April 2025. 5 Bank of America Global Fund Manager Survey, April 2025.

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Can Couples Combine Their Finances and Stay Together?

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Deciding when and how to manage your finances as a couple can be a huge source of stress in a relationship. Developing a budget , combining finances, opening a joint checking or savings account or deciding where to park your emergency fund are all tasks that can be tricky to navigate if you and your partner aren’t on the same financial page.

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Rent vs. Buy: What’s the Right Decision for You?

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For example, 84% of respondents in a 2020 survey from personal finance site NerdWallet said buying a home is a priority. Still, there are plenty of people who appreciate the flexibility of renting and the freedom from spending time and money on home maintenance. Maintenance also costs money, often more than anticipated by homeowners.

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How to Untangle Your Assets and Recover Financially After Divorce

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So the process can be comprehensive, she recommends looking at bank and credit card statements for a period of six to 12 months and deciding if the expense is one partner’s or the other’s or a joint expense. Often both spouses experience a drop in standard of living after the divorce process as they reestablish their lives and finances.

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How to Choose an Employer-Sponsored Retirement Plan

Insperity

Some small businesses find that it’s helpful to contact a financial institution such as a bank or insurance company to assist in establishing and managing the plan. Although some of these services come with a fee, it’s typically a good idea unless you have strong expertise in the areas of finance and government regulation. .