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AI News – Personal Finance (5/18/2024)

Title: Mortgage rates today, May 18, 2024: Rates are still over 7%
Summary: The good news is that the mortgage rates are on a downward trend, which means you can save some money on your home loan. The bad news is that they are still not as low as they were in the spring, so you might have to wait a little longer to get a great deal. Economists are predicting that the rates will keep dropping this year, but not too fast. They think the average 30-year rate will be around 6.4% by the end of 2024, which is still pretty decent.

Title: Roth 401(k) employer matches may trigger a tax bill for you. Here’s what you need to know.
Summary: The SECURE Act 2.0 is a game-changer for your retirement savings! Now, your employer can match your Roth 401(k) contributions directly into a Roth account. It’s like getting a free tax break every year! Just remember, your employer’s contributions are pretax, just like they would be if your company matched a traditional 401(K). So, make sure to take advantage of this opportunity and save for your future!

Title: 7 Surprising Insights Into Boomers’ Financial Habits
Summary: Baby boomers, the generation that’s changed the world, are now changing the way we handle money. With 76.4 million of them in the U.S., they’re making sure their financial future is secure. In fact, 78% of boomers are using fintech tools to keep up with the times. And when they retire, they’ll be passing down a whopping $84.4 trillion to their heirs. Talk about a legacy!

Title: I’m a Financial Expert: 5 Reasons To Combine Your 401(k) Accounts
Summary: Did you know that one in five employees forgets to take their 401(k) with them when they leave a job? That’s a lot of money sitting around, with over $1.65 trillion worth of assets just waiting to be claimed. And with multiple accounts, you’ll need to keep an eye on them all, or risk losing out on some serious cash.

Title: I Could Never Afford a Home in LA. Then I Discovered Tiny Homes
Summary: As a single woman in her early 40s, I’m all about tiny homes. They’re not just cute and cozy, but also a great way to save some cash. Did you know that 73% of Americans are willing to give up their spacious mansions for a tiny abode? I mean, who needs all that extra space when you can have a tiny home with a big personality?

Title: Apply for Food Stamps Florida: How long does it take for the application to be approved?
Summary: SNAP, or food stamps, is a government program that gives money to people who can’t afford to buy food. It’s like a free shopping spree at the grocery store, but with a catch: you have to be poor, and you have to follow some rules. For example, you can’t buy alcohol, cigarettes, or pet food. And you have to prove that you’re really poor, by showing some papers and stuff.

Title: 25+ Early Memorial Day Deals and Discounts
Summary: Memorial Day, a day to honor those who gave their lives for our country, falls on Monday, May 27th. And let’s not forget about the three-day weekend that follows, where we get to spend quality time with our loved ones, whether it’s watching movies, grilling up some delicious food, or just chilling out. It’s the perfect opportunity to show our appreciation for those who have sacrificed so much.

Title: Best IRA CD rates (May 2024)
Summary: Our team of researchers scoured the internet to find the best IRA CD rates from 115 banks and credit unions. And guess what? Alliant Credit Union has not one, not two, but THREE types of IRA accounts: traditional, simplified employee pension (SEP), and Roth IRA. Talk about options! And if you’re looking for a more diverse range of IRAs, Consumers Credit Union has got you covered with traditional, SEP, Roth, and even education IRAs. So, whether you’re saving for retirement or your child’s education, these credit unions have got you covered with the best IRA CD rates around.

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