Are you #adulting for the first time? Read our beginner's guide to managing finances in your 20s! From tackling student loans to building credit, we've got you covered! https://lnkd.in/geba-TuP Member FDIC
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Navigating student loans can be challenging, but you can manage your debt and secure a stable financial future. 🎓🌟 Effective budgeting and smart banking are essential for managing student loans and financial health. Here are some tips to help you stay on track | FSB Blog https://hubs.ly/Q02NJgKh0
Navigating Student Loans | FSB Blog
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Tips to Help Your College Student Build Their Credit – Responsibly - Learn about credit scores, how to check them, what the numbers mean, and how they are affected. - Learn how to budget. And then stick to it. There are many different approaches, and each person will have a unique twist. But the core principles are: pay bills first, budget for necessities such as food, gas/ transportation, etc., put money into savings, and then allocate spending money. The one non-negotiable is to STICK TO THE BUDGET. - When available – set up autopay. A large part of your credit score is based on your ability to pay your bills, on time. So, any way to help keep on top of that is extremely useful. Another option is to turn on bill reminders (when available). - Choose a credit card that will work for you, not against you. There are a lot of credit cards floating around out there, choosing one with low fees, low or no annual fees, and with a rewards system should be considered first. Then, learn how to maximize the benefits offered. - Plan. There will always be incidentals that are unexpected. But what you can expect is that they will happen, so make sure you have a rainy-day fund. Additionally, if you have things like student loans, make sure you have a plan to make the payments. Financial aid departments are an excellent way to learn about your different payment options. Learning how to be money smart now will serve you well for the rest of your life. If you need help, or have any questions, we would be happy to assist you here at Ross Wealth Group!
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📢 Big news for your financial freedom! Secure Act 2.0 lets employers count student loan payments towards retirement plans. Now you can tackle debt and boost savings simultaneously. Your path to a secure future just got easier! Learn more: https://lnkd.in/gbeUywXb #SecureAct #FinancialFreedom #HawksFinancial
How the 401(k) Match for Student Loans Works - Hawks Companies
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Are you curious about what happens to your student loans when you die? It's an important part of estate planning that many overlook. From federal loans being discharged to the more complex world of private loans, understanding your options can help protect your loved ones from unnecessary financial stress. In our latest article, read more about how different loan types are handled and ways to ensure your family's financial security.
What Happens to Your Student Loans When You Die? — Erickson & Sederstrom
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Ever wondered if helping to pay off your child's or grandchild's student loans is a good idea? It's a question we hear a lot! Here are some things to consider: 👍 Pros It allows them to focus on their career and future goals. They can achieve financial independence sooner. It can strengthen family bonds and relationships. 👎 Cons It could affect your retirement plans. There's a risk they might feel entitled or less responsible. Tax implications could come into play, so it's smart to talk to experts. 🤔 Considerations Check your own financial situation and retirement plans first. Decide if it's a gift or a loan, and talk openly about expectations. Look into other options like co-signing or offering partial payments. 🌟 Strategies Set clear boundaries and expectations from the start. Seek advice from a financial professional who understands student loans. Remember, every family is different! While helping with student loans can be a wonderful way to support your loved ones, it's important to weigh the pros and cons for everyone involved. #FamilySupport #StudentLoanHelp #FinancialTips
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SECURE 2.0 Helps Lighten the Burden of Student Loans. https://lnkd.in/dTeMPMH6 #studentloandebt #retirement #studentloans #savingforretirement #retirementsavings #SECURE2.0 #miamibankruptcy #lawyers #kingcadegarcia #KGM
SECURE 2.0 Helps Lighten the Burden of Student Loans
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Ever wondered if helping to pay off your child's or grandchild's student loans is a good idea? It's a question we hear a lot! Here are some things to consider: 👍 Pros It allows them to focus on their career and future goals. They can achieve financial independence sooner. It can strengthen family bonds and relationships. 👎 Cons It could affect your retirement plans. There's a risk they might feel entitled or less responsible. Tax implications could come into play, so it's smart to talk to experts. 🤔 Considerations Check your own financial situation and retirement plans first. Decide if it's a gift or a loan, and talk openly about expectations. Look into other options like co-signing or offering partial payments. 🌟 Strategies Set clear boundaries and expectations from the start. Seek advice from a financial professional who understands student loans. Remember, every family is different! While helping with student loans can be a wonderful way to support your loved ones, it's important to weigh the pros and cons for everyone involved. #FamilySupport #StudentLoanHelp #FinancialTips
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If you’re a recent grad staring down a mountain of loans, know there are strategies to manage your debt and pave a path to financial stability. In our most recent blog, we share how to navigate student loans, set (and stick to) a budget, and improve your credit score so that you can step your best foot forward into #postgrad life. Read our blog here: https://loom.ly/846yaCg #StudentLoans #LoanRepayment #Finance #CreditScore #DebtManagement
A Graduate’s Guide to Managing Debt After College | The NFCC
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When you have money left over in your paycheck, should your priority be paying down student loans or investing? There are data-driven ways to make this decision but ultimately, personal finance is just that: personal. This article discusses how to help you make this important decision, including factors such as interest rates, risk tolerance, and finding a balance. Of course, if you’d like help making this decision, contact us at Hark Financial Planning for a free consultation today. https://lnkd.in/grbbbHg3 #studentloans #personalfinance #investing
Should I Pay Down Student Loans or Invest? — Hark Financial Planning
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In today's Slott Report, we discuss the #SECUREAct 2.0 provision allowing the matching of #401k contributions on qualified student loan payments or #QSLPs beginning after December 31, 2023. Find out more here: https://bit.ly/3AVsBSd
401(k) Plans Can Now Offer Matching Contributions On Student Loan Payments - Ed Slott and Company, LLC
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