Archive - July 2, 2012

1
Get Personalized Help With Retirement Planning
2
When Will The Economy Get Better?
3
Managing Your Student Loans

Get Personalized Help With Retirement Planning

Last week, we mentioned that it is a good idea to sign up for online statements about your Social Security benefits. However, when it comes to retirement planning, Social Security is just the beginning. In a USA Today Money Watch column, Linda Leitz, a NAPFA-registered financial planner, fielded a question from a reader who is soon to retire and wondering about whether it is better to invest Social Security checks or us that money pay off a mortgage.

Leitz comments that you can pay off your mortgage if this is what really important to you but adds …

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When Will The Economy Get Better?

For the economy to get better people need to pay down excessive debt, which is called deleveraging. This typically takes seven years. The process started with the 2008 crash but has almost stalled out and is proceeding at a very slow pace. The ratio of debt balances to income has grown steadily for several decades. Its growth was reasonable until the over-exuberance of the 1990’s bubble years and continued at unreasonable pace until the Lehman crash of 2008.

To recover from the recession, unemployment needs to come down to the full employment number of 4% unemployment. This will happen through …

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Managing Your Student Loans

According to a March 2012 study by the Federal Reserve Bank of New York, the average outstanding student loan balance per borrower is $23,300; a quarter of borrowers owe more than $28,000, and 0.45 percent of borrowers owe more than $200,000. If you continued on to medical, business, or law school, you are probably in the latter debt category with a six-figure student loan balance wondering how to tackle that monkey on your back. Students have a variety of loan options to choose from when deciding how to fund college expenses, but it is critical to understand the details and …

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