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Credit cards are the ‘financing of last resort’ for older adults as inflation persists

As inflationary pressures leave older adults with little wiggle room to pay for everyday items and cover emergency costs, credit cards have become the financing method of last resort. As a result, balances have jumped since last year.

Sat May 4, 2024 17:03
I’m in my 50s, earn over $200,000, own a $1.75 million home and have $4 million in savings. Should I pay off my 2.75% mortgage?

“My business has been doing well lately, and I am able to take nice owner distributions of $10,000 to $30,000 per month,”

Sat May 4, 2024 17:03
Personal-finance guru Dave Ramsey says it’s a great time to buy a house. Experts don’t agree.

For the last several months, personal-finance guru Dave Ramsey has been telling aspiring homeowners that it’s a great time to buy a house — even though monthly housing costs are at a record high.

Sat May 4, 2024 17:03
‘We live frugally’: I’m 54 and my husband is 64. We have a $4 million net worth, but I’m not working. How should we navigate our retirement?

“While he splits his time between a part-time job and his consulting business, I’ve been unable to work for several years because of health problems.”

Sat May 4, 2024 14:02
As Warren Buffett hosts first Berkshire Hathaway annual meeting without Charlie Munger by his side, here’s what to watch

Here’s what will be top of mind for investors when Warren Buffett takes hours of questions at Berkshire Hathaway’s annual meeting on Saturday.

Sat May 4, 2024 14:02
GameStop’s stock skyrockets 29% to continue rally and register biggest gain in over a year

Shares of videogame retailer and original meme stock GameStop surged on no apparent news this week.

Sat May 4, 2024 04:29

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