As we head into Labor Day weekend, here's our latest Money Roundup. We hope you find the articles to informative and helpful.
Rates are up. We're just starting to feel the heat. (Wall Street Journal). The negative effects of higher rates (and a few positive effects, too) are starting to become apparent.
Why are mortgage rates so high? (Ben Carlson, A Wealth of Common Sense). It has a lot to do with "bond duration."
10 best days — a meme for every bull market (Lance Roberts, RIA Advisors). Obviously, it's helpful to capture the best days. But what's the performance impact of avoiding the worst days?
How to use cash in a portfolio (Morningstar). The term "cash" is used to "describe not just hard currency but other safe, liquid holdings such as Treasury bills, money market funds, and bank accounts."
Student loan interest resumes today — what that means for borrowers (CNBC). Interesting factoid: "Nearly all people eligible for the pause on bills [in effect since 2020] have taken advantage of it, with less than 1% of qualifying borrowers continuing to make payments on their education debt."
Fafsa changes are coming. Here's what you should know. (Wall Street Journal). The Free Application for Federal Student Aid is getting a makeover, but it won't be ready in time for the normal Oct. 1 release date.
How to jump-start your kids' retirement savings (Kiplinger). If your child or grandchild has earned income, you can give a tax-free cash gift — up to an amount equal to that income (if $6,500 or less) — to fund a Roth IRA.
IRS delays change for 401(k) catch-up contributions. Here's what higher earners need to know (CNBC). Higher earners now have an extra two years for pretax catch-up 401(k) contributions.
Nervous about retirement? Ask yourself these five questions (Kiplinger). "When you're about to make a big life change, it helps to come to it from a place of gratitude."
Comments? Let us hear from you below!
