If you've finished college within the last few years, chances are you're paying off your student loans. What happens with your student loans now that they've entered repayment status will have a significant impact — positive or negative — on your credit history and credit score. It's payback time Wh [...]
If you've finished college within the last few years, chances are you're paying off your student loans. What happens with your student loans now that they've entered repayment status will have a significant impact — positive or negative — on your credit history and credit score. It's payback time Wh [...]
Your actual student loan payments aren't deductible, but the interest portion might be, thanks to the student loan interest deduction. In 2018, the maximum deduction is $2,500. You don't need to itemize to claim this deduction. To qualify, you must meet a few requirements: First, the student loan on [...]
Think how much the cost of college has changed over the last 40 years. The Chair of the College Savings Foundation, Richard Polimeni, is here to a few of the ways that your family can prepare for and potentially help cushion the costs of your children’s higher education. Real Wealth® is an [...]
Dear Valued Client, In this rapidly changing situation, I want to assure you Woodmen Financial Resources is maintaining regular business operations to ensure we continue to serve you. First, I wish you, your family, and your community well during this unprecedented time. The health and safety of our [...]
You vaguely remember signing a form every year at college registration time. Now that you've graduated, it's all become painfully clear--those forms were promissory notes detailing your student loan obligations. Your loans aren't going away, and you'll want to repay them as quickly as possible. So w [...]
If you're unable to meet your financial obligations, you have options. Which option or options you choose will depend on how severe your financial problems are and what resources you have. You should, however, act now. Delaying action could lead to further difficulties, including potential damage to [...]
Debt consolidation can lead to an improvement in your credit rating by making your debt easier to manage. Sometimes, debt consolidation means taking a loan at a lower interest rate to pay off several smaller loans at higher interest rates. Making one payment instead of many may help you keep your de [...]
To answer this question, you must decide how your money can work best for you. Compare the money you might earn on other investments with the money you would pay on your debt. If you would earn less on investments than you would pay on debts, you should pay off debt. Let's assume that you have $1,00 [...]
How do you talk to your kids about the importance of money when they “need” the latest iPhone or just “have” to have the newest trend in clothes? Dr. John Whitcomb has the answer! This episode’s guest is an Author and Physician and is ready to give you his best trade secrets on how to convey the imp [...]
