Personal finance planning housing data revealed a 5% drop in new

Housing data revealed a 5% drop in new home sales, pressuring construction equities. Personal finance planning may factor in reduced exposure to housing-related sectors, reallocating funds to more stable industries. Many of the borrowers in the backlog are likely trying to switch out of the Biden administration-era SAVE, or Saving on a Valuable Education, plan. A court struck that program down in February and now borrowers who remain in the SAVE forbearance, which borrowers were placed into during the legal challenges, are seeing interest grow on their debt. (The Trump administration started charging interest as of Aug. 1 .) When U.S. citizens own shares in what’s called a passive foreign investment company (PFIC), the IRS taxes those investments at a high rate. But buying individual stocks, Levitt says, is generally safe in most countries from a tax perspective. Retail sector earnings exceeded consensus estimates, lifting consumer discretionary stocks. Personal finance planning strategies can increase exposure here, but remain selective based on margin strength and sustainable demand.