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Personal and Business Finances

Plan the Life You Want

As is often quoted, the best laid plans of mice and men often go astray. But, that is not an excuse not to plan. Planning is all about the things you can control, and at the same time being aware of economic, social, and business trends that will affect you and your family.

Financial Trends

fiancial trendsMany financial trends sneak up on us if we do not keep up with the news both in general and in business. Even if we are not involved in a business directly, business trends have an effect on everyone's lives. For example, automation that will extend into our every day lives and will likely affect the way we live and work.

The best way to keep up with trends is to read reputable newspapers and magazines which should include career related trade journals. You can also find blogs online that discuss subjects in your field.

May 4, 2020
Automated Underwriting Speeds Mortgage Loan Approvals
by Gary R. Crum
Chances are, when you apply for a mortgage, your loan will be underwritten immediately by a computer. And the automated underwriter approves more loans than those underwritten by people.

While automated underwriting will not solve every loan problem, it certainly makes buying a home faster, better, and cheaper for most home buyers. More info...

May 4, 2020
The Trump administration projects about 3,000 daily deaths by early June.
Increasing from current 1,750 deaths per day
As President Trump presses for states to reopen their economies, his administration is privately projecting a steady rise in the number of cases and deaths from the coronavirus over the next several weeks, reaching about 3,000 daily deaths on June 1, according to an internal document obtained by The New York Times, nearly double from the current level of about 1,750.

More info...

Apr 25, 2020
Need Money Fast?
Get a low cost personal loan.
You might need some money to carry you through this Coronavirus crisis. Apply for a personal loan at a low-interest rate and get the money you need to buy groceries and pay bills. You can use the money for anything that you want. More info...

Apr 24, 2020
Refinance Your Mortgage Now
Rates are lowest in history.
Save thousands of dollars on your mortgage by refinancing while interest rates are low. Many homeowners have already begun the process because saving money is more important than ever. Us this online mortgage application to get started on your plan to save money. More info...

Mar 30, 2020
How the coronavirus will change closings, home prices and what�s on the market
By Ilyce Glink and Samuel J. Tamkin
We�re only getting one question recently, although it comes in many forms: How will the new coronavirus impact the real estate market?

As of this writing, buyers are still buying homes and sellers are still selling. Sam has received several contracts in a few days, although his office phone isn't ringing as much as normal. Ilyce has been talking to would-be sellers and buyers (and getting plenty of email) suggesting that people want to buy or sell, but they're nervous. So are brokers, title companies and everyone else involved in real estate transactions. More info...

Mar 26, 2020
What The $2 Trillion Stimulus Package Means For Housing
Dima Williams
Beginning on page 567, out of a total of 880, the Coronavirus Aid, Relief and Economic Security Act � CARES Act � lays out the terms of assistance for the real estate industry. In that regard, the bill focuses on mortgage payment forbearance and evictions and foreclosures stops on properties with federally backed loans. More info...

Mar 25, 2020
Here's why staying invested in a downturn can help your 401(k) recover faster
Lorie Konish
More than a decade ago, the markets were sent into a tailspin during the financial crisis of 2008-2009.

But it turns out investors who left their retirement nest eggs alone fared best.

That's according to research from J.P. Morgan, which used the firm's own data combined with research from the Investment Company Institute. More info...

Mar 25, 2020
You now have until July 15 to save in your IRA and health savings accounts
Darla Mercado
Treasury recently gave taxpayers until July 15 to file their 2019 tax returns and pay taxes owed for last year and the first quarter of 2020.
Filers now have until that same day to make 2019 contributions to their IRAs and health savings accounts.
Put away up to $6,000 in a traditional IRA, plus $1,000 if you�re 50 and up, and have it count for last year. More info...

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