(Experian) To pay off debt, financial planners recommend prioritizing your debts based on balance or interest rate, tracking your spending, cutting back and considering strategies such as consolidation.
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(The Balance) Mortgage rates tend to fall during a recession. This doesn’t directly impact existing homeowners with fixed-rate mortgages. However, it’s good news for those with adjustable-rate mortgages or prospective homeowners looking to buy.
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(FinancialPlanning) Many American couples decide to combine their finances. A study by the financial services firm Bankrate found that 77% of married couples have at least some joint financial accounts, and 43% only have joint accounts, keeping nothing separate.
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(WealthManagement.com) Not every advisor sees a role for alternative investments like private placements or nontraded REITs. For those who do, making the allocations in reaction to declines in traditional portfolios is a mistake.
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