Financial Planning
Student Loan Hero Review
Time and time again we’ve seen students graduating with massive amounts of debt and then struggle to pay it back. College is expensive! In fact, students who graduated in the 2014 school year walked away with an average of $33,000 worth of student loan debt.
CanYouLeaveStep-Children Nothing If Your Spouse Dies Without A Will?
New marriages where one person, or both, brings children into the relationship raise the question of “can a person leave their step-children nothing, if the spouse dies without a will?” Surprisingly, cases involving stepparents and stepchildren are very common.
ABCs of RMDs
For the 2.1 million baby boomers who will turn 70 throughout 2016, the Internal Revenue Service (IRS) will require individuals to start pulling Required Minimum Distributions (RMD) from their retirement plans.
6 Important Money Q’s To Ask Before Saying ‘I Do’
Nathan Eads explains that “studies have shown that money issues are typically the number one stress in marriages and relationships.” If you’re about to marry your soon-to-be partner, now may be the best time more than ever to talk finances.
2015 IRA Contribution Can Hurt Child’s College Aid 2016-2017
The IRA contribution that you may make can actually lower your child’s college aid eligibility in 2016-2017. As explained in the original article, the IRA contributions you receive are “added back” to your adjusted gross income in the financial aid formulas that are used to determine a student’s need-based aid eligibility. The Forbes article uses the example of Ken and Barbie filing their taxes as a point of reference.
Can A Person Leave Their Step-Children Nothing If Spouse Dies Without A Will
New marriages where one person, or both, brings children into the relationship raise the question of “can a person leave their step-children nothing, if the spouse dies without a will?” Surprisingly, cases involving stepparents and stepchildren are very common.
The Consequence of Not Updating Beneficiary Designations
While it may seem like a small detail, it is always important to update the beneficiary designations on financial documents from time to time. There are real and serious consequences for not updating the beneficiary information on financial documents.
Parents With Memory Problems
It is always hard to watch our loved ones age so much to the point that they begin to become forgetful of almost everything. For those with aging parents, it might be in your best interest to ask them if they have Durable Power of Attorney (DPOA) document.
Have You Discussed Your Estate Plan With Your Children?
A difficult but important conversation to have with your children is discussing estate plans. It is easier to say, “I’ll let the kids decide”, but that is not always the best choice and here is why:
Five Life Insurance Mistakes That Can Haunt You
Life insurance is an asset that can serve various purposes, for most people, it is a tool utilized for income replacement. While life insurance can be of great use, you should remember to keep an eye on it rather than just stuffing it away in a drawer.
