Posted by Richard on August 7, 2019
In 2018’s college graduation class, nearly 70 percent of students took out student loans, and their average debt was close to $30,000 each, according to Student Loan Hero. In addition, 14 percent of their parents also took out an average of $35,600 in Parent PLUS loans to help support them. With those alarming figures in […]
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Starting a new school year can be stressful for students, parents, and teachers alike so it’s crucial to have a few best practices in place to ensure it starts off right, according to the mom at TeachMama.com Since she is a teacher with kids of their own, Amy Kilpatrick Mascott advises that the three most […]
Read More →Posted by Richard on July 18, 2019
There aren’t many things you can do with your 401(k) when you change jobs, but some choices are better than others. – Worst choice: Cash out. If you went to all the trouble of saving money in a retirement plan, the worst thing you can do before age 65 is cash it out. Any distribution […]
Read More →Posted by Richard on July 17, 2019
Click a link. Download a file. And that’s where the trouble begins. Phishing attacks by email or social media attempt to lure you into revealing a password, or download malicious software. And these attacks are getting ever-more sophisticated. “Scammers have diversified far beyond poorly spelled, purely text-based phishing email these days, Harley says, building entire […]
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You might want to check with Social Security. Seniors who want to get married have more to consider than just love and family. There is also a serious Social Security consideration. If you want to re-marry: You have to be single to collect benefits on your ex-spouse’s record. If you marry, you will lose the […]
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With mortgages still at historically low rates, many people consider refinancing to save money. But is it a good idea? Maybe, maybe not. Refinancing involves a number of moving parts and some understanding of amortization, so make sure to do your homework. Lenders vary on how long you have to wait to refinance, but you […]
Read More →Posted by Richard on June 12, 2019
Think of your family as a business. Your family is your personal corporation that makes sales (your work income), has operating expenses (bills), and needs to make a profit (savings and retirement). If you want your corporation to make money, you can do some of the same things a CEO does. Periodic expenses As CEO […]
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As a parent, you would do anything for your child. But co-signing a mortgage is a major business decision, not just a family plan. Take the child out of the equation and think of the child as a borrower. There are advantages for the borrower if you co-sign the mortgage. With you as co-signer, the […]
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Seen lately in the wild are these phishing attempts: * Funny and fake: The director of the FBI needs your help for wiretapping the Internet! Evidently something you did with a bank was legal but because there are scams on the Internet, you are going to be sent $10.7 million. Go figure. Obviously, the FBI […]
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Love it or hate it, the fact is, we spend a lot of time at the kitchen sink. Plus it’s a feature of the room that can draw the eye, so why not take a little time to choose one that’s got both form and function? Many homeowners today are choosing large single-basin sinks with […]
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