A reverse mortgage is a collateralized loan product that allows retirees to borrow against the equity they have accrued in their homes. After taking out a reverse mortgage, homeowners have three options to access their loan: accept a lump sum of cash, receive fixed monthly payments, or tap into a variable-rate line of credit. If…
It’s not good news for workers in America. New research shows that U.S. life expectancy is now decreasing rather than increasing. To make matters worse, a recent data release on the U.S. labor force indicates that American workers are working longer than ever and experiencing less healthy and shorter retirements. Bloomberg lists some of the…
The old balance of power in the media industry has crumbled and burned. Ever since AT&T stated its intentions to buy Time Warner, media companies and investors have been scrambling to make deals and solidify their position in the industry’s rapidly changing power structure. The chaos is underpinned by broader changes affecting the media industry….
Tesla, solar technology and automaker and the brainchild of famed tech billionaire Elon Musk, has proven once again that it is immune to bad news. Despite its $60 billion market cap and extraordinarily positive public image, Tesla looks set to announce enormous losses for Q3 2017. Business Insider reports that the losses could be greater…
Investors in the tech industry have pointed to trouble ahead after some closely followed measures of tech valuations have revealed that they are, in fact, over-expensive. Including the cyclically adjusted price-earnings ratio, investors have compared the current stock market to the highs of the dot-com bubble in the early 2000’s. However, according to Mr. Jim…
Strategist and market bear, Albert Edwards, has urged Americans to enjoy their vacations while they last, warning that overconfidence in rising wages may be presenting a huge threat to the market. Mr. Edwards has flagged waning wage growth as the root of America’s imminent market crash, highlighting an ‘out of wack’ relationship between inflation and…
Even as unemployment reaches a 17-year low, America’s wealth gap continues to increase. According to the Federal Reserve, the top 1 percent of Americans hold 38.6 percent of the nation’s wealth. Conversely, the racial wealth gap for low-income families appears to have shrunk since the recession. However, this is not due to an improvement in…
Paying off your student loans faster will not only remove a psychological weight from your shoulders, but it’ll also save you thousands of dollars in annual interest payments. If you’re finding it difficult to boost your repayments, read on for our top three tips to pay off your student loans faster. 1. Set Up an…
On average, property owners pay close to $1,100 in homeowners insurance premiums every year. Given how expensive homeowners insurance can be in the long-term, you want to be sure that you’re getting as much value as possible out of your plan. To get started, here are three cost-effective ways to get more value from your…
Rewards points and perks are one of the main drawcards for using a credit card. If you want to use your rewards points as efficiently as possible, you’ll need to have a strong grasp of your card’s payout and bonus rate conditions. To kick-start the research process, read on for our three top tips for…