Off the cuff personal finance discussions with Ian Aguilar and Scott Snider. Are you a parent considering saving money into a Florida Prepaid College Savings Plan? If so, you won’t want to miss this episode, as Ian and Scott dive into a little known fact about this type of college savings strategy.
With the onset of new data being used by colleges for admission purposes, the ability of students to attend schools of their choice from areas like Ponte Vedra has become not only more difficult but also more expensive. Read how the introduction of adversity scores has changed the landscape, and what to do because of it.
If you’re thinking about buying a home, you’ll likely need a mortgage unless you’re sitting on a large endowment of cash. From pre-approval to interest rates and mortgage insurance, determining and understanding what mortgage suits your needs can be a difficult and complex task. When shopping for a mortgage, it’s helpful to keep a few strategies and stepping stones in mind to help you make the best and most informed choice.
Off the cuff personal finance discussions with Ian Aguilar and Scott Snider. Find out what we believe investors should do whenever there is an “expected” sharp decline in the stock market. We explain the correlation between recessions and bear markets, and offer further insights about what investors need to be aware of when markets get choppy.
Aside from paying down any unsecured debts and saving up to your company match for retirement, building an emergency savings fund is easily the next highest priority for our clients. You never know what kind of curveball life is going to throw your way — losing your job, the roof needs to be repaired, you need new tires on your car, your kid broke their leg, etc.
You have probably read the headlines last week about the inverted yield curve and the inevitable doom and gloom of the next economic recession. While we don't take the current news lightly, given that the Dow Jones average finished down 800 points the same day the yield curve inverted, our stance on the matter is pretty simple…
Buying a house, especially for first time homebuyers, typically begins with a sense of excitement. However, without a good plan and team around that buyer, that initial excitement can quickly turn into an overwhelming process. It’s why having a plan of attack from the beginning is crucial to ensuring a successful outcome. After all, the ultimate goal of homeownership is getting that place you always dreamed of without that awful feeling of being house poor. With that in mind, my top tip for buying a house is this...
529 plans grow in popularity due to the importance of children attending college to increase their professional prospects, all while the total expense of attending college has increased at a rapid rate. Ever since the Economic Growth and Tax Relief Reconciliation Act of 2001 which birthed these plans, the usage of 529 plans has increased due to their ability to grow investments tax free and be used on qualified educational expenses without incurring any taxes for selling those investments. So, the question for most people is how do you chose one?
The average tuition and fees at a public in-state university as of the 2018-2019 school year was $9,716, while the average private institution charged $35,676. Add in another $15K for room & board and other expenses such as books and the total sticker price to attend these types of schools tends to be around $25,000 and $50,000 respectively. As most of us know it normally takes 4 years to graduate from most undergraduate programs. But does it always have to? The phrase that “Time is money” couldn’t be truer when it comes to paying for college. The ability to finish a full program in three years versus four can alter the decision of whether you can afford a college, especially with prices being so high these days. Add to the fact that you not only limit cost, but you also are able to start earning a salary earlier on, and the financial rationale to finish college early is sound.
There is no doubt that we are now in the late-cycle phase of the expansion. Several months ago there was a real fear that the end was here, but concerns over a global recession have lessened. While we are seeing slowing in some quarters, the underlying economic fundamentals remain strong. We may be near the end of this expansion…
The most common answer as to why parents and students didn’t fill out the FAFSA is that they felt they wouldn’t qualify for any financial aid. Sadly, there are a lot of people who fall victim to this assumption and leave free money on the table that could otherwise go towards reducing the price of college tuition.
When a loved one dies, you may be the one responsible for making funeral arrangements and settling their finances, on top of grieving and adjusting to a new life without them. Settling the finances of a loved one can be a daunting process, and it can be difficult to know exactly what to do. Below you’ll find advice on how to pre-plan for the death of a loved one, as well as how to settle assets upon their death.
Student loans are an enticing way to cover the cost of education. With over a trillion in student debt distributed among the students of America and wages stagnating, however, the student loan picture for those seeking higher education is relatively bleak. For this reason, most students are better off avoiding student loans altogether if possible.
You made it! Whether you’re just finishing up high school, graduating from university, or transitioning out of an apprenticeship—taking the leap into a new career is an exciting step. It’s one of the biggest markers of adulthood. You’ve prepared your whole life for this moment. Congratulations, you’re now a contributing member of society.
Retirement may sound like something that is way off in the distance for you. It may seem even incomprehensible to think about at your current stage in life. While these are common thoughts and feelings for many people, we hope that this article explains why it is so critical to start planning for retirement today. Below you will find several tips about important aspects of retirement planning.
Divorce is not something that anyone hopes for or expects to be a part of their story. Because of that, planning for divorce is not a reality, nor should it be. However, when divorce is a certainty in anyone’s situation and it is clear that your states can no longer be united, preparation and preparedness can help keep things civil.
Getting married is a very significant life event, where two individuals (oftentimes with very different backgrounds and experiences) come together to start a new life. When it comes to financial planning, marriage is a critical life stage, where it is important to take the time to make sure that your new household is fully aligned regarding your finances and long-term goals. While we know that marriage is built on a foundation of love, it is also essential to start your marriage off right when communicating about money, planning for your future, and creating life and financial goals together. Below are some pieces of advice for anyone that is in (or around) the life stage of marriage.
The markets took a big dip early this week, reacting to fears of potential trade wars and an economic slowdown. After the Dow lost nearly 800 points, investors are understandably nervous. If you are worried about your retirement accounts, you’re not alone. But during stock market volatility, it’s important to keep a level head to avoid financial mistakes.
With all of our terminology and acronyms in the world of finance, sometimes consumers can feel as if they are being spoken to in a foreign language. The confusion that results can lead to mistakes and regret, especially in the area of advisor compensation. Whether it’s fee-based, fee-only, or commission-based, the type of compensation model an advisor uses can make a huge difference in the kind of advice you receive and the type of relationship you are able to build with your advisor.
Adding a child to your family is arguably one of the most momentous milestones in life. After months of preparation, a little one arrives and stirs up overwhelming emotions and a great sense of responsibility. But even if you had everything organized and prepared to bring your baby into your life and your home, there are some practical steps that you need to take now that your family has grown. From hospital bills to education, a child can cost half a million dollars, so your financial strategy needs to change to keep up!
If there’s one thing we know for certain in life, it’s that change is inevitable. And while we recognize that we will walk through different phases and reach multiple milestones, we often don’t realize the financial impact they can have on our lives. Many aspects of life are outside of our control, but one thing you can control is how prepared you are for life’s biggest moments.
It all started with witnessing the effect the dot-com market crash of the late 90s had on my parents. I saw the financial regrets they carried and wanted to break into the financial services industry to help other families avoid similar problems.
Should I rollover my 403(b) into a 401(k) or IRA? How can I buy oil as an investment? Which is the most tax-friendly account to distribute from? Should I use lifecycle funds or choose my own investments within my company's retirement plan? I recently inherited some annuities, is there a way to put a "floor under the market" to protect against a downturn in the stock market?
As the April 17 tax filing has come and gone, one thing on the mind of many taxpayers now that they have caught their breath, is how much more or less their tax liability will be as a result of the Tax Cuts Jobs Act (TCJA) -- also know as the new tax law enacted by the Trump administration. According to Howard Gleckman of the Tax Policy Center, about 80% of taxpayers will see a reduction in their tax liability, but about 5% will notice an increase in what they owe.
Most physicians prefer to get right to the point and don't care for all the fluff. They expect a short, concise explanation. After all, they are busy people so time is of the essence. With that in mind, I created a 5-page powerpoint style guide that explains how Public Service Loan Forgiveness (PSLF) works.
How does a Roth IRA grow over time? Think of the Roth IRA itself as a shield around your money that provides tax-deferred growth and then when you go to retire you can take out all of the growth and contributions tax-free. The avoidance of tax is not available had you just invested with after-tax dollars and did not own a Roth IRA.