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Top related persons:
Ira Rheingold - 1 Rheingold - 1 Eric Scruggs - 1 Brandon Gibson - 1 Erin Witte - 1 Witte - 1 Lauren Young - 1 Richard Chang - 1
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Edmunds Stoneham , Massachusetts Dallas
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YORK - 1 National Association of Consumer - 1 Housing Administration - 1 Consumer Federation of America - 1 Thomson - 1

Search resuls for: "Eric Scruggs"


2 mentions found


☆ Forever in debt: Why U.S. loans are getting longer
  + stars: | 2023-06-05 | by ( Chris Taylor | ) www.reuters.com   time to read: +4 min
NEW YORK, June 5 (Reuters) - Consumers facing high asset prices and rising interest rates have a few loan options. But if you must go ahead, either face taking on a big monthly payment, or stretching out the loan term to keep the monthly bill down - as many are doing. New car loans lasting 73-84 months (over six years) rose to 34.4% of the market in 2022 from 28.6% in 2018, according to auto information site Edmunds. A few borrowers are going even longer, with less than 1% of new car loans lasting 85 months or more. MAKE SOME HARD DECISIONSIf you must keep pushing out the loan term to afford an asset, that may be a signal to get real.
Persons: Ira Rheingold, Rheingold, Eric Scruggs, Brandon Gibson, Erin Witte, Witte, Lauren Young, Richard Chang Organizations: YORK, National Association of Consumer, Housing Administration, Consumer Federation of America, Thomson, Reuters Locations: Edmunds, Stoneham , Massachusetts, Dallas
☆ 3 smart ways to prepare for next year’s taxes now
  + stars: | 2023-04-27 | by ( Kate Dore | Cfp | ) www.cnbc.com   time to read: +2 min
FatCamera | E+ | Getty ImagesIf you had a surprise tax bill this season, it's not too soon to prepare for next year, financial experts say. Typically, a refund comes when you've overpaid throughout the year, whereas you get a tax bill for not having paid enough. Check your withholdingsIf you owed more taxes than expected for 2022, you may revisit your paycheck withholdings for 2023 and make the necessary adjustments. "A simple calculation would be dividing the extra tax paid in 2022 by the number of remaining paychecks in 2023," he said. If you have three types of accounts — brokerage, tax-deferred and tax-free — you can be strategic about where to keep assets.
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