A decade of predatory practices just came back to haunt Navient. But what comes next for the federal student loan program?
When I receive a question about cashing out a 401k to pay off debt, my short answer is generally no. It entails a lot of unrecoverable loss of long-term growth. We can make more money, but we cannot recover time. Nonetheless, there are some limited circumstances in which cashing out a 401k may be the … Continue reading “Should I Be Cashing Out My 401k to Pay Off Debt?”
Many people are concerned about the United States falling into another recession. Here's what you can do starting right now to prepare.
Sometimes, you blow the budget. But what comes next? Do you give up? Here are some things to consider when things don't go as planned.
I'm very much an advocate of getting out of debt. You're probably aware of that if you've browsed my site. Nearly all of the debt in our lives comes from the choices that we made. But one debt that all people have is something that no human being can ever repay. But it has been … Continue reading Resurrection Sunday: Our Biggest Debt Is One We Could Never Pay
If you recently received a large sum of money, you may wonder how to properly handle it. Here are some tips for making wise decisions.
Social Security sounds like a nice idea on paper, but the math tells a very different story. I can't stand seeing people lose so much money.
For the 2020 tax year, the IRS has made some changes that could affect your take-home pay and total federal tax liability. MSN reports that the changes do not affect the rates themselves, but changes the income thresholds for the brackets as adjusted for inflation. In 2017, Congress changed federal income tax rates and brackets … Continue reading IRS Announces Tax Bracket Changes for 2020
Let's face it folks: no matter who you are, it's easy to see that the student loan situation is simply out of control. (Well, unless you're Sallie Mae or Navient). With all the student loan propaganda thrown our way, it's no wonder so many people believe that student loans are the only way to pay … Continue reading Student Loans Are The Only Way to Pay for College?
A client recently asked me if he and his wife should renew the warranty on their vehicle. Because of the cost-benefit analysis on such warranties, I answered no. A warranty is often a nice little peace of mind when you buy a car. Especially if the car is used, having that extra reassurance backing up … Continue reading Are Extended Warranties Worth the Money?