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The Week in Review
• The Dow entered bear market territory on Monday. It was a volatile session that saw the three averages whipsaw back and forth between gains and losses.
• The Bank of England announced it will begin buying bonds in a bid to help stabilize its currency, the pound sterling. Thatās a notable shift from other central banks who have been offloading assets amid the inflationary environment.
• The Commerce Department issued its revised second-quarter GDP print. It showed the economy shrank at an annualized rate of 0.6%. This confirms the second consecutive quarter of negative GDP growth, which is traditionally how economistās define a recession.
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This Week's Top Stories
The US housing market has been white hot for the past two years. Now the Federal Reserve is raising rates in an attempt to cool prices
Do you lock in a mortgage now before rates climb even higher? Or do you keep renting for a few months to see how things play out?
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The Biden administrationās student loan forgiveness plan applies to qualifying individuals who earn less than $125,000 per year. Both tax-filing status and the way in which that income is earned could impact eligibility.
This has to do with the potential to reduce gross income, by making contributions to a SEP-IRA. What is a SEP-IRA and how does it differ from other retirement accounts?
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August marked the first decline in asking rents in almost two years. But truly substantial relief is going to take some time.
It was a modest month-over-month decline, and prices remain elevated on an annual basis. Plus, it could be some time before renters get substantial relief, thanks to how most leases are structured.
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Deep Dives from SoFi Learn
Saving $10,000 in a year may sound like a lofty or even impossible goal, but it is indeed doable. Provided you take the right steps, that is.
Learn 12 helpful ways to help you save $10,000 in a year.
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We've broken down the average retirement savings by age in the US, from ages 30 and up. See where you fit in the country's averages.
When saving for retirement, it can be helpful to see how one compares to others in their age range.
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Trying to rent in a tight housing market? Hereās 4 steps to win the lease.
These steps can help you anticipate what landlords are looking for and help you present yourself as the ideal tenant.
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