So it’s no surprise that a NAR survey found that 33% of younger millennials received a gift or loan from a friend or relative to help with a down payment. This is consistent with a Pew Research Center finding that only 45% of millennials claim to be financially independent from their parents. [5]Most millennials and Gen Zers make half or less of the $114,000 average salary needed to buy a home today. [4]Unfortunately, young would-be home buyers are held back by stagnant wages, inflation, relatively high int ...

All eyes are on the Fed, waiting to see when they will cut rates. We take a look at what a lower fed funds rate means for your debt and money. Saving for retirement and building wealth is an important goal, but knowing how to use tax-advantaged accounts like Roth IRAs, 401(k)s, IRAs, and HSAs can make a big difference in reaching your financial goals. Many retirees will have to take required minimum distributions, also known as RMDs, once they reach a certain age. We explain what RMDs are and how to avoid p ...