Category: Financial Planning
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How Much To Save for College
It’s no secret that college is expensive, and college education costs have only accelerated over the past decade. The staggering cost of college and its acceleration will be a significant challenge for millennial parents to meet. Parents want to know first: “How much do I need to save for college?” How Much Should I Be…
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Beginners Guide to 529 College Savings Plans
A 529 plan is a savings plan is one of the best ways to save for tuition or college expenses. A 529 offers many tax benefits and designates an individual’s tuition and related education expenses. The two main 529 plans are prepaid tuition and more typical college savings plans. Prepaid tuition plans allow the account…
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Is It Better to Pay Down Debt or Invest?
One of the most common questions a financial advisor gets is paying off debt vs. investing. More specifically, is it better to pay down debt or invest? Should you delay retirement savings to pay down a mortgage or student loans? Should you pay off debt before starting an emergency fund? The simple answer is that…
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A Financial Wellness Guide for Millennials
We often think of wellness in terms of physical or mental health. Paying lots of attention to them, we often spend a lot of time, effort, and money trying to focus on them. To achieve a better quality of life, we focus on our mental and physical health. We rarely talk about money. It’s so…
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Where to Put Money for Short-Term Savings
Short-Term Investments Matching your money to your short-term needs can help you squeak out some gains, even in a low-interest rate environment. A short-term investment can be converted by investors to cash now or soon, with relative ease and safety of principal. However, keeping a pile of money in cash can leave some earnings potential…
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6 Reasons To Roll Over Your 401(k) To an IRA
It is no secret that the job market is hot right now. Many people have changed jobs in the past year or might consider doing so next year. Leaving for a new opportunity can be great, but you shouldn’t forget about your old 401(k). After leaving your job, you may be asking: “Should I roll…