There are several ways to improve your credit score, including: ;ower your credit card debt, keep your revolving debt below your maximum credit line, make all payments on time,make sure your credit...
Read MoreYou can pay the qualified expenses and then contact the 529 plan and withdraw that amount and reimburse yourself. You must withdraw that amount in the same calendar year that you paid the...
Read MoreThe average cost of tuition and fees ranges between $35,000-$45,000 PER YEAR. If one child goes to college for 4 years that is between $140,000 and $180,000 - which could buy them a house! If you...
Read MoreAt a minimum, for an employed individual, use 10x earnings - so if you make $100,000 per year, the minimum amount of insurance you should have is $1Million. Don’t include or deduct your group life...
Read MoreYou should take into consideration the interest rate, payment amount and type of debt you have. However, you also don’t want to forget to consider tax incentives on your retirement contributions...
Read MoreYou can change the beneficiary on a 529 account once per year. You can make that beneficiary yourself, your spouse, or another family member. If your child doesn’t go to college, you can withdraw all...
Read MoreThe death of a child is every parent’s worst nightmare. It’s incredibly difficult to think about. If your child is under 17, consider adding a child rider to your life insurance policy to cover burial costs and lost...
Read MoreExample of someone who should convert: You purchased a 20 year term policy and now you are 17 years into the policy (3 years of coverage left) and you just found out that you are pregnant and have...
Read MoreYes, you should. If you leave your employer (whether by your own choice or theirs), you would be offered the chance to continue paying the premiums (the monthly or annual cost to you) for that...
Read MoreIn order to avoid taxes or penalties on 529 dollars, remember to keep all of your records as you must report the expenses to the IRS. You want to add up tuition and fees, room and board, computers...
Read MoreThe first is that your investment grows tax free. The second benefit is that withdrawals aren’t taxable as long as they are used to pay qualified higher education expenses. Third, the owner of the account...
Read MoreThe two primary types of life insurance are Term, (expires after a specified number of years) and Permanent (which lasts until you die) and there are pros and cons to each and different varieties of each...
Read MoreSome reasons to have life insurance: To replace your lost income for your family. Your spouse may need to take additional time off from working and could use the life insurance to replace their income during...
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