Knowledge to power the next generation

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "Knowledge to power the next generation"

Transcription

1 Knowledge to power the next generation

2 Overview Financial Building Blocks is an online education system that helps people learn the basics of personal finance. Our system organizes personal finance into seven essential blocks: Earning, Saving, Borrowing, Insurance, Housing, Education, and Retirement. Each block is important by itself, but together they form a powerful foundation for making good financial decisions. How do we help organizations? Financial Building Blocks provides organizations with an unbiased financial education platform to empower their people. More and more leaders today recognize that understanding personal finance plays a crucial role in leading a productive, successful, and happy life. Empowering Financial Building Blocks empowers people to make good financial decisions by helping them learn personal finance. Research from leading experts shows that learning about personal finance vastly improves people s overall financial health. Easy to Learn Our modular system allows people to learn on their own time, at their own pace. Our innovative question-and-answer format makes learning fast and fun. And people can track their progress in their personal Score Center. Unbiased Financial Building Blocks doesn t offer any banking, insurance, or investment products or advertising. That leaves us free to provide unbiased guidance that helps people grow their financial knowledge and make good decisions. Modular Learning System Because people often start off with different levels of financial knowledge, we built a customizable system that can be tailored to the specific needs of any group or organization. Measurable Results With our administrative dashboard you can easily track the progress of everyone in your organization at the individual, group, and enterprise level. People can earn points by successfully completing quizzes, and you have the ability to create a scoreboard that displays everyone s ongoing point total. Blended Learning Financial Building Blocks is an excellent platform for blended learning programs. Our online system can be used to supplement live instruction and training, and makes it simple to manage the details of testing, scoring, and data analysis. Custom Solutions Do you want to create a unique online learning environment for your organization? Financial Building Blocks can help. Learn more about our capabilities, including customized content, design, and branding. Call us at Copyright Financial Building Blocks. All rights reserved.

3 Earning A paycheck is a powerful thing. You use it to pay for what you need today, and to save for what you ll need tomorrow a down payment for a home, a college education, your retirement. In other words, your paycheck is the foundation for your entire financial life. Yet many people are mystified by it. Getting your financial house in order starts with understanding exactly what s going on with your paycheck. Your take-home pay is not the same as your salary Salary is what you earn before money is taken out for things like taxes and benefits. Your pay-check deductions are for things like federal and state taxes, Social Security, Medicare, health insurance, and retirement savings. How are federal taxes computed? The tax formula is complicated, but the more you earn the higher percentage you pay in taxes. This is what s known as a graduated tax system. How are state taxes computed? Each state has its own income tax system. Some use a graduated system. Some, like Massachusetts, have a flat rate, meaning everyone pays the same percentage regardless of their income. Some states, like New Hampshire, have no income tax at all. Social Security and Medicare taxes Social Security is a tax on your income. Your employer pays half of that tax and the rest is deducted from your paycheck. If you work for yourself, you re required to pay the entire percent tax. Medicare is a federal program that provides hospital insurance. To pay for it, the government collects a tax on your income. Your employer pays half of the tax and the rest is deducted from your check. If you work for yourself, you re required to pay the entire tax on your own. Quarterly estimated tax payments When you work for someone else, your taxes are automatically taken out of your check each pay period. But when you work for yourself, this doesn t happen. If you re self-employed, the government requires you to file taxes four times a year every three months. You pay based upon how much you estimate that you ll earn in the upcoming three-month period. Underestimating can result in penalties and interest charges. Other paycheck deductions Your company may offer other benefits, such as health and dental insurance, retirement-savings programs, or transportation subsidies. Each company will have its own benefits, and associated costs, and it will be up to you to decide which you d like to take advantage of. The money you contribute for some benefits your retirement savings, for example may be tax deductible, meaning you can subtract it from the amount you have to pay taxes on. 3 Copyright Financial Building Blocks. All rights reserved.

4 Saving There are all kinds of worthwhile reasons to save money: a home, college, retirement, even a vacation. But the very first thing to save for is a rainy day. If you don t have a safety net when the unexpected happens a car repair, an injury, a job loss you become vulnerable to making bad and expensive decisions. What is a rainy-day account? It s money you set aside specifically for emergencies. Rainy-day accounts can be difficult to build, but it s important to make the effort. Try to accumulate one month s worth of expenses. Why is a rainy-day account important? If an emergency hits and you don t have a cash reserve, you can find yourself having to turn to expensive alternatives, such as credit cards, payday lenders, or tapping a retirement account which comes with expensive fees and taxes. How to build a rainy-day account Start by opening a savings account at a bank. If you already have a checking account, keep it separate from your new savings account. The goal of your rainy-day account is not to earn interest, so don t be tempted by money-market accounts or other savings vehicles that promise higher potential earnings for your money but that also come with risk. Make the rainy-day account your top saving priority Saving for retirement is crucial, but before you worry about tomorrow, make sure that you re protected today. Build up one, three, or even six month s worth of expenses in your rainy-day account before you start contributing to your retirement account. What else to save for Once you have built your rainy-day account you can start saving for other things. The three main savings goals are your retirement, an education for you or a loved one, and a down payment for a house. Saving for retirement Putting away money for retirement helps you tomorrow, but it also has benefits today your retirement contributions are tax deductible. It s important to start saving for retirement as soon as possible because the longer your money has to grow, the more it will earn. Some companies even match some or all of their employees retirement contributions. Saving for a home Before a bank will give you a mortgage, it will expect you to contribute a down payment, typically between 5 percent and 20 percent of the purchase price. For a $200,000 home, that means you ll need to save somewhere between $10,000 and $40,000. Though the money you save for a down payment is not tax deductible, the interest that you pay on your mortgage is. Saving for an education 529s are special accounts that provide tax breaks on the money you save for college or other forms of higher education. The contributions are not tax deductible, but they grow tax-free. 4 Copyright Financial Building Blocks. All rights reserved.

5 Borrowing Borrowing is an important part of a happy and successful life imagine buying a home, a car, or paying for college without it. Some people get into big trouble when they borrow money, but you don t have to. With some planning, you can make good borrowing decisions that won t cause you problems. There are three elements of a loan The principle or balance, which is the amount of money you re borrowing. The interest, which is the cost of borrowing the money. It s the amount above and beyond the principal that you have to pay back. The timeframe in which you ll pay back the loan, which is the repayment schedule. Often you ll pay more in interest for a longer timeframe, and less in interest for a shorter one. Borrow only as much as you need Just because someone offers to lend you more money than you d expected doesn t mean it s a good idea to borrow the higher amount. Fixed v. variable interest rates Fixed interest rates stay the same for the life of the loan. Variable interest rates can chance throughout the life of the loan. The five C s of evaluating the credit worthiness of borrowers Character, Capacity, Collateral, Capital, and Condition Credit scores A credit score is a way that lenders evaluate your credit worthiness. There are three different credit bureaus that keep track of your use of credit. They examine your prior experiences with borrowing money and your overall financial picture to produce what s known as a credit report. Those reports are then given a credit score, often called a FICO score, which range from 300 to 850. The more problems with your credit history, the lower your score. And falling behind on payments can do more than lower your credit score it can also lead to extra fees, higher interest rates, and even repossession. Low credit scores have consequences They can make it difficult and expensive to get credit. A credit card is actually a kind of loan Carrying a balance can be very expensive because that s when interest charges are added. You can also be assessed fees if you are late making your credit card payments. 5 Copyright Financial Building Blocks. All rights reserved.

6 Housing Buying a home is an important part of both the American Dream and a successful financial future. The loan you take out to buy a home your mortgage will probably be the biggest and longest- lasting of your life, which makes it crucial that you understand the basics. From saving for a down payment to budgeting for maintenance, there s a lot more to buying a house than just plugging numbers into a mortgage calculator. How do people buy a home? A mortgage is the biggest loan most people will ever take out. There are strict lending requirements: You have to save up a lot of money of your own to contribute, and you need good credit and a good employment record to be approved for a mortgage. A down payment is the cash you have saved. A mortgage is the money you borrow. How much money is required for a down payment? Typically between 5 and 20 percent of what the house costs. The more money you can put down, and the better your credit score, the better the terms of the mortgage you can get a better interest rate and lower fees. Debt-to-income ratio It s how much you owe compared with how much you earn. That number gives lenders a sense of how much money you have left each month after paying your bills. They want to know that you can comfortably afford to pay back your mortgage. To figure out your debt-to-income ratio, add up your monthly bills and then divide that number by how much you make each month before taxes are taken out. The lower the number the better. Lenders want to see a ratio of.40 or less. Fixed-rate v. adjustable-rate mortgages (ARMs) The interest rate on a fixed-rate mortgage stays the same for the life of the loan, which is usually 30 years. That makes fixed-rate mortgages predictable and safer. The interest rate on an ARM usually starts off lower than a fixed-rate mortgage, but can change after a pre-set amount of time. That makes ARMs riskier, but they can also be a good deal if used responsibly. Refinancing means replacing your existing mortgage with a new one, usually at a lower interest rate. Hidden homeownership costs Just because you can afford the monthly payment doesn t mean you re ready to buy. You ll need to budget for other costs, otherwise it would be like buying a car without making sure you can afford insurance and gas. Property taxes can be hundreds of dollars a month, so they are tax deductible (an advantage of buying over renting). Homeowners insurance runs anywhere from $50 to $100 a month or more. Utilities, which include gas, oil, electricity, water and sewer, can add up to a couple hundred dollars a month depending on the time of year. Maintenance costs each year average about 1 percent of purchase price per year on upkeep. Condo fees, if applicable, can be another substantical cost. 6 Copyright Financial Building Blocks. All rights reserved.

7 Insurance Insurance is about protecting yourself against financial losses that come from unexpected events like a car accident, a medical emergency, or even the sudden death of a loved one. Sometimes insurance is required, like when you own a car or have a mortgage. Other times it s optional, but may be a good idea. What s important is knowing how to get insurance coverage that balances what you can afford to pay with what you can t afford to lose. What should you insure? Your dwelling a homeowners policy covers the physical structure of your home, as well as your belongings. Your car an auto policy covers your ride. Yourself you ll need health insurance, and many people require life insurance at some point, too. Is insurance required by law? For some things, yes. The Affordable Care Act mandates that most people carry health insurance, and many states require auto policies. Even when insurance isn t required by law, you may need it in order to get a loan. You can t get a mortgage without homeowners insurance, for instance, or a car loan without an auto policy. What is an insurance policy? It s a contract that you take out with an insurance company to provide a specific dollar amount of insurance coverage over a specific amount of time. Auto, home, and health policies tend to run for one year, while life insurance goes for 20 years or longer. What is a premium? It s the amount that you pay for insurance coverage. The premium is determined by factors including the type of insurance, your personal circumstances, and how much coverage you want. How much insurance do you need? Many states have minimum limits for certain types of coverage, like auto insurance. When you take out a loan to buy a home or a car, your bank may have minimum coverage requirements. It s up to you to decide whether the minimum coverage is enough. What is a deductible? The portion of any loss that you must pay for out of your pocket. It s counter-intuitive, but you want to go with the highest deductible you can comfortably afford to pay. Why? Because a higher deductible results in a lower premium. What is life insurance? If you die, it pays money to your family. If you have kids, you ll want it. Life insurance is relatively affordable while you re young because the price is based upon how likely the insurance company thinks you are to actually die while you have your policy. You want the policy to be in place long enough to cover the years when your children will still be financially dependent on your spouse or someone else. 7 Copyright Financial Building Blocks. All rights reserved.

8 Education Higher education has the power to both broaden our knowledge and develop our technical skills. Studies show that it can also result in significantly more income over the course of a lifetime. However, the cost on an education has increased dramatically, and the idea of paying for one whether for yourself or your children can be overwhelming. Education can now be nearly as expensive as a home or retirement. The good news, though, is that a long- term perspective can make higher education a manageable expense. There are three important things that make saving for higher education a challenge. The cost is typically an unknown. You don t know what the price of tuition and room and board will be, or how much you ll receive in financial aid. There are a patchwork of funding sources, each with its own rules and challenges: saving, borrowing (from both government and private lenders), scholarships, grants, gifts. There s a condensed timeframe. Unlike with a mortgage, which you pay for over 30 years, or retirement, which you save for over your entire career, the bills for higher education typically come over just four years. Paying for college requires a long-term approach that spreads the cost over decades. Break the payment cycle into three stages: Before, During, and After. Before: Starts at least ten years prior to the first class, and involves regular contributions to a higher-education savings account. During: Lasts for the duration of your time taking classes two to four years. You ll take out loans, and look for scholarships, grants, and other forms of student aid. After: Lasts ten years or more, and involves repaying the loans that you took out. Add it all up and you re looking at a process of 25 years or more. Higher-education savings accounts With these special accounts, the money you contribute gets invested, and you won t have to pay any taxes on the earnings as long as they re used to pay for higher education. A 529 savings account offers a tax-advantaged way to save for higher education. Each state offers its own 529, and many of them include financial incentives that are reserved for their residents, but you are free to select a 529 plan from any state. A second type of 529 allows you to buy tuition at today s prices that you ll use years from now when you begin taking classes. A Coverdell Education Savings Account (ESA) is another tax-advantaged way to save for education. An ESA offers more investment flexibility than a 529 savings account does. How to apply for financial aid Everything starts with FAFSA! The Free Application for Federal Student Aid covers federal aid, including loans, grants, and work-study opportunities. The FAFSA is free, and you can submit it online in about 30 minutes at FAFSA.gov. File early because aid is given first-come, first-served. The government uses the FAFSA to determine your expected family contribution, or EFC, which is the amount it figures your family can afford to pay toward your education. Your EFC is then subtracted from the cost of attending school, which leaves your financial need. 8 Copyright Financial Building Blocks. All rights reserved.

9 Education Also fill out the College Scholarship Service Profile, which is known as the CSS. It s used on more than 300 campuses for aid that comes directly from those schools rather than the government. Some of your financial aid may be in the form of loans that have to paid back! The Stafford federal loan comes in two versions: subsidized and unsubsidized. With a subsidized Stafford loan, the government pays the interest while you re enrolled (it s available only to those with demonstrated financial need). With the unsubsidized Stafford loan, you re responsible for the interest even while enrolled. In both cases, though, you don t have to begin paying back your loan until you re no longer enrolled. The Perkins federal loan is subsidized, and it s available only to those with financial need. Loans from private lenders Many people have more financial need than can be met by federal financial aid and take out loans from banks and other private lenders. Private loans are often unsubsidized and typically come with higher interest rates than federal loans. Education loans are a lifesaver for many students but they can be very sticky Unlike many forms of debt, the student loans of today can be hard to untangle from if you have financial hardship. You won t necessarily be able to rid yourself of the debt by declaring bankruptcy. The tax benefits of paying back your student loan The Student Loan Interest Deduction allows you to deduct some of the interest you pay on your student loans. The Lifetime Learning Credit is tax credit for a student or the person paying for a student s higher-education expenses. The American Opportunity Tax Credit is a tax credit for some higher education expenses. It s available only in the first four years of post-secondary education. (You can t claim both the Lifetime Learning Credit and the American Opportunity Tax Credit for the same student in the same year.) 9 Copyright Financial Building Blocks. All rights reserved.

10 Retirement Retirement means more free time, the ability to pursue your dreams, and the end of work. Sounds great! But retirement means the end of something else, too: a regular paycheck. That can be a challenge now that people are living longer than ever before and that your retirement might last nearly as long as your time in the workforce did. With a bit of planning and self- discipline, though, you can make sure you have enough income to support yourself throughout the retirement phase of your life. Social Security It s a federal retirement program that you pay into it during working years and draw from during retirement. It s a mandatory program, so everyone has to contribute. The average retired worker receives about $1,300 a month. Retirement plans that may be offered through work Pensions are retirement contributions that your employer makes on your behalf. Only 20 percent of Americans have pensions today, down from about 40 percent in (k)s are retirement plans offered by some employers. They allow you to put away money, and to choose how it s invested. Your contributions are tax deductible, and may be matched by your employer. 403(b)s and 457s are similar to 401(k)s, but are just for teachers, municipal workers, certain government employees, and people at non-profit institutions. What happens when you change jobs? If you leave your company, you can no longer contribute to its 401(k) program, but the money in your account still belongs to you. When you leave your company, you take your retirement savings with you by rolling over your 401(k) funds into a rollover IRA. There are no fees or taxes for this process because you re simply moving the money from one retirement account to another. Can I make a withdrawal from my retirement account before I actually retire? Yes, but you ll have to pay taxes on the amount you withdraw, plus a penalty of 10 percent. In general, avoid early withdrawals from your retirement account except for in cases of emergency. Retirement plans you fund on your own Individual Retirement Accounts (IRAs) allow you to save up to a set limit each year. With traditional IRAs, the money you contribute is tax deductible, but your withdrawals during retirement are taxed. With a Roth IRA, the money you contribute is not tax deductible, but you ll pay no taxes on your withdrawals during retirement. 10 Copyright Financial Building Blocks. All rights reserved.

Retirement: Get Ready...1 Why planning makes sense...1 Where are you?...2 Getting Started: 20 s and early 30 s...3

Retirement: Get Ready...1 Why planning makes sense...1 Where are you?...2 Getting Started: 20 s and early 30 s...3 Retirement: Get Ready...1 Why planning makes sense...1 Where are you?...2 Getting Started: 20 s and early 30 s...3 On Your Way: Mid-30 s to early 40 s...4 Crunch Time: Mid-40 s to early 50 s...5 Just Around

More information

Loan Lessons. The Low-Down on Loans, Interest and Keeping Your Head Above Water. Course Objectives Learn About:

Loan Lessons. The Low-Down on Loans, Interest and Keeping Your Head Above Water. Course Objectives Learn About: usbank.com/student financialgenius.usbank.com Course Objectives Learn About: Different Types of Loans How to Qualify for a Loan Different Types of Interest Loan Lessons The Low-Down on Loans, Interest

More information

How to Use Your Retirement Funds to Finance Your Small Business with No Taxes or Penalties. How To Use Your Retirement Funds to Finance Your Business

How to Use Your Retirement Funds to Finance Your Small Business with No Taxes or Penalties. How To Use Your Retirement Funds to Finance Your Business How To Use Your Retirement Funds to Finance Your Business By Bill Seagraves, President January 25, 2009 TABLE OF CONTENTS Overview Succeed in Business and Retire Wealthy: It s All About Cash Flow The Rich

More information

Loan Lessons. The Low-Down on Loans, Interest and Keeping Your Head Above Water. Course Objectives Learn About:

Loan Lessons. The Low-Down on Loans, Interest and Keeping Your Head Above Water. Course Objectives Learn About: Loan Lessons Course Objectives Learn About: Different Types of Loans How to Qualify for a Loan Different Types of Interest The Low-Down on Loans, Interest and Keeping Your Head Above Water usbank.com/financialeducation

More information

Life insurance. Shedding light on. a practical guide to helping you achieve a lifetime of financial security

Life insurance. Shedding light on. a practical guide to helping you achieve a lifetime of financial security Shedding light on Life insurance a practical guide to helping you achieve a lifetime of financial security Learn more about: Safeguarding your loved ones Protecting your future Ensuring your dreams live

More information

Using Credit to Your Advantage.

Using Credit to Your Advantage. Using Credit to Your Advantage. Topic Overview. The Using Credit To Your Advantage topic will provide participants with all the basic information they need to understand credit what it is and how to make

More information

Using Credit to Your Advantage

Using Credit to Your Advantage Hands on Banking Using Credit to Your Advantage Credit Reports, Credit Scores and Dealing with Debt The Hands on Banking program is a free public service provided by Wells Fargo. You may also access the

More information

YOUR MONEY, YOUR GOALS. A financial empowerment toolkit for community volunteers

YOUR MONEY, YOUR GOALS. A financial empowerment toolkit for community volunteers YOUR MONEY, YOUR GOALS A financial empowerment toolkit for community volunteers Consumer Financial Protection Bureau April 2015 Table of contents INTRODUCTION PART 1: Volunteers and financial empowerment...

More information

2016 DollarWise Summer Youth Contest Final Quiz Study Guide

2016 DollarWise Summer Youth Contest Final Quiz Study Guide 2016 DollarWise Summer Youth Contest Final Quiz Study Guide The DollarWise Summer Youth Contest Final Exam questions are designed to test your full knowledge of the information provided in the contest.

More information

Part 1 Test Question Bank

Part 1 Test Question Bank Module 1 1. Which is true regarding unemployment rates? a. The unemployment rate for people with a bachelor s degree and a high school diploma are the same. b. People with a bachelor s degree experience

More information

Financial Planning in Your 20s and 30s

Financial Planning in Your 20s and 30s Financial Planning in Your 20s and 30s Financial planning varies throughout the different stages of life. Older people are often focused on planning for a comfortable retirement, while younger people often

More information

fyi Federal loans: The smart way to borrow

fyi Federal loans: The smart way to borrow Federal loans: The smart way to borrow If you don t receive enough free money to pay for college and you aren t able to cover your costs with savings or other resources, consider federal student loans.

More information

CREATE TAX ADVANTAGED RETIREMENT INCOME YOU CAN T OUTLIVE. create tax advantaged retirement income you can t outlive

CREATE TAX ADVANTAGED RETIREMENT INCOME YOU CAN T OUTLIVE. create tax advantaged retirement income you can t outlive create tax advantaged retirement income you can t outlive 1 Table Of Contents Insurance Companies Don t Just Sell Insurance... 4 Life Insurance Investing... 5 Guarantees... 7 Tax Strategy How to Get Tax-Free

More information

Good morning everyone! Welcome! My name is Daniel Hewitt and I m the Director of Financial Aid here at VCOM. I know I ve talked to some of you

Good morning everyone! Welcome! My name is Daniel Hewitt and I m the Director of Financial Aid here at VCOM. I know I ve talked to some of you Good morning everyone! Welcome! My name is Daniel Hewitt and I m the Director of Financial Aid here at VCOM. I know I ve talked to some of you already, and Eloise and I are looking forward to working with

More information

RETIREMENT ACCOUNTS (c) Gary R. Evans, 2006-2011, September 24, 2011. Alternative Retirement Financial Plans and Their Features

RETIREMENT ACCOUNTS (c) Gary R. Evans, 2006-2011, September 24, 2011. Alternative Retirement Financial Plans and Their Features RETIREMENT ACCOUNTS (c) Gary R. Evans, 2006-2011, September 24, 2011. The various retirement investment accounts discussed in this document all offer the potential for healthy longterm returns with substantial

More information

REPAY: Stay Out of Debt. Emily Burris, Coordinator Student Financial Management Center

REPAY: Stay Out of Debt. Emily Burris, Coordinator Student Financial Management Center REPAY: Stay Out of Debt Emily Burris, Coordinator Student Financial Management Center Student Financial Management Center Basement of Coates Hall B4A Coates Career Services Purpose To provide financial

More information

!" # $ ($ * +"(", - / 0$.

! # $ ($ * +(, - / 0$. ! "# $ % !" # $ $% & '($" ) ($ * +"(", - $"($. / 0$. / (("$ $ $'', 1 2 3 Creative Borrowing Strategies While most families would rather not borrow money to pay college expenses, there are some advantages

More information

FINAL EXAM. True or False. Multiple Choice. 21. False 22. False 23. False KEY. 10. False. 24. True. 31. True. 4. False. 26. True 27. True 28.

FINAL EXAM. True or False. Multiple Choice. 21. False 22. False 23. False KEY. 10. False. 24. True. 31. True. 4. False. 26. True 27. True 28. FINAL EXAM KEY True or False 1. False 2. True 3. True 4. False 5. False 6. False 7. True 8. True 9. False 10. False 11. False 12. False 13. False 14. True 15. True 16. False 17. True 18. False 19. True

More information

SAVINGS BASICS101 TM %*'9 [[[ EPXEREJGY SVK i

SAVINGS BASICS101 TM %*'9 [[[ EPXEREJGY SVK i SAVINGS BASICS101 TM i This book is intended as a general guide to the topics discussed, and it does not deliver accounting, personal finance, or legal advice. It is not intended, and should not be used,

More information

BankFirst Mortgage Services

BankFirst Mortgage Services BankFirst Mortgage Services Thank you for taking the time to educate yourself on your new mortgage loan. We understand that it is a difficult process for new home buyers. We ll be happy to answer any question

More information

for INCOME IN USING YOUR HOUSE RETIREMENT A retirement PLANNING GUIDE

for INCOME IN USING YOUR HOUSE RETIREMENT A retirement PLANNING GUIDE A retirement PLANNING GUIDE USING YOUR HOUSE for INCOME IN RETIREMENT It s something Americans increasingly need to consider. And increasingly need to do. A retirement PLANNING GUIDE By Steven Sass, Alicia

More information

The. Path. Refinancing. www.totalmortgage.com October. totalmortgage.com 877-868-2503

The. Path. Refinancing. www.totalmortgage.com October. totalmortgage.com 877-868-2503 The Path Refinancing totalmortgage.com 877-868-2503 www.totalmortgage.com October 1 2012 The Path Refinancing Over time, many things change and need adjustment, and the reality is your home financing is

More information

GUIDE TO RETIREMENT PLANNING FINANCIAL GUIDE. Making the most of the new pension rules to enjoy freedom and choice in your retirement

GUIDE TO RETIREMENT PLANNING FINANCIAL GUIDE. Making the most of the new pension rules to enjoy freedom and choice in your retirement GUIDE TO RETIREMENT PLANNING Making the most of the new pension rules to enjoy freedom and choice in your retirement FINANCIAL GUIDE WELCOME Making the most of the new pension rules to enjoy freedom and

More information

A guide to college financial aid

A guide to college financial aid MFS Investment Management A guide to college financial aid When savings aren t enough Making college affordable For many Americans, paying for a college education trails only a home purchase as the largest

More information

OBJECTIVES. The BIG Idea MONEY MATTERS. How much will it cost to buy, operate, and insure a car? Paying for a Car

OBJECTIVES. The BIG Idea MONEY MATTERS. How much will it cost to buy, operate, and insure a car? Paying for a Car Paying for a Car 4 MONEY MATTERS The BIG Idea How much will it cost to buy, operate, and insure a car? AGENDA Approx. 45 minutes I. Warm Up (5 minutes) II. What Can You Spend? (15 minutes) III. Getting

More information

Alternative Retirement Financial Plans and Their Features

Alternative Retirement Financial Plans and Their Features RETIREMENT ACCOUNTS Gary R. Evans, 2006-2013, November 20, 2013. The various retirement investment accounts discussed in this document all offer the potential for healthy longterm returns with substantial

More information

Designing Your Budget

Designing Your Budget 2 Designing Your Budget Budgeting is needed to get the most mileage out of your income. It is your road map for managing your money. Planning your spending is called Budgeting. Smart investing@your library

More information

Family Information Sheet Four: Paying for College!

Family Information Sheet Four: Paying for College! Family Information Sheet Four: Paying for College! Dear Family Member, During today s lesson your student learned about the resources available to help you and your family pay for college. Financial aid

More information

The Road to Good. How to Start Building Your credit with In-House Auto Financing

The Road to Good. How to Start Building Your credit with In-House Auto Financing The Road to Good Credit: How to Start Building Your credit with In-House Auto Financing I. Introduction II. What is a credit score? III. How credit scores are calculated Payment history Amount of debt

More information

Agenda. 1. Assessing Your Situation A. 3 types of consumers B. Net Worth C. Net Cash Flow

Agenda. 1. Assessing Your Situation A. 3 types of consumers B. Net Worth C. Net Cash Flow 1 Agenda 1. Assessing Your Situation A. 3 types of consumers B. Net Worth C. Net Cash Flow 2. Revolving Credit A. Credit vs. Charge vs. Debit Cards B. Tips on Revolving Credit C. Home Equity Line Credit

More information

affording college Consolidated Credit 5701 West Sunrise Boulevard Fort Lauderdale, FL 33313 1-800-210-3481 www.consolidatedcredit.

affording college Consolidated Credit 5701 West Sunrise Boulevard Fort Lauderdale, FL 33313 1-800-210-3481 www.consolidatedcredit. affording college Consolidated Credit 5701 West Sunrise Boulevard Fort Lauderdale, FL 33313 1-800-210-3481 www.consolidatedcredit.org Congratulations on taking this important step to a brighter financial

More information

Guide for Homebuyers

Guide for Homebuyers Guide for Homebuyers Tips for Getting a Safe Mortgage You Can Afford Q u i c k S u m m a ry Figure out what you can afford. Contact at least 3 different lenders or brokers. When you call, say: I m buying

More information

Overview. Develop a plan Understand financial aid Be a responsible borrower Take charge of credit cards Understand your credit Prevent identity theft

Overview. Develop a plan Understand financial aid Be a responsible borrower Take charge of credit cards Understand your credit Prevent identity theft Lisa Croat and Andrea Clark Lunch provided by the Higher One Financial Literacy Counts Grant Overview Develop a plan Understand financial aid Be a responsible borrower Take charge of credit cards Understand

More information

Kelli A. Adams, EA, CFP Counselor kadams@gwwade.com Meg Welborn, JD Associate Counselor mwelborn@gwwade.com

Kelli A. Adams, EA, CFP Counselor kadams@gwwade.com Meg Welborn, JD Associate Counselor mwelborn@gwwade.com Kelli A. Adams, EA, CFP Counselor kadams@gwwade.com Meg Welborn, JD Associate Counselor mwelborn@gwwade.com GW & Wade provides a comprehensive array of financial services to address your unique financial

More information

Debt Management Options

Debt Management Options Get and Stay on Track Debt Management Options Where should you start? The first step to determine which debt management tool is best for you is to review your financial situation and your financial goals.

More information

A Guide to Student Loan Consolidation

A Guide to Student Loan Consolidation A Guide to Student Loan Consolidation Introduction If you are reading this, you probably have student loan repayment fast approaching. Fortunately, you have options for repaying your student loans. One

More information

Planning for the Stages of Retirement

Planning for the Stages of Retirement Planning for the Stages of Retirement The Financial Planning Association (FPA ) connects those who need, support and deliver financial planning. We believe that everyone is entitled to objective advice

More information

STEP 1: DOCUMENT COLLECTION

STEP 1: DOCUMENT COLLECTION STEP 1: DOCUMENT COLLECTION Because your filing will require many details and documents and because the court is both picky and strict about information, documents are needed from you. Income Tax Returns

More information

HELPFUL FINANCIAL AID HINTS...

HELPFUL FINANCIAL AID HINTS... TABLE OF CONTENTS HELPFUL FINANCIAL AID HINTS.........................................................................................1 PAYING FOR COLLEGE.................................................................................................2

More information

EDUCATIONAL BENEFITS GROUP Providing solutions to make college an affordable reality. Cash Flow Planning for College & Retirement

EDUCATIONAL BENEFITS GROUP Providing solutions to make college an affordable reality. Cash Flow Planning for College & Retirement EDUCATIONAL BENEFITS GROUP Providing solutions to make college an affordable reality Cash Flow Planning for College & Retirement Table of Contents Cash Flow Planning for College & Retirement Introduction

More information

We keep our promises.

We keep our promises. We keep our promises. So you can keep yours. It s a selfless act. The decision you make today is for someone else s future. Purchasing life insurance is about more than just planning for the future. It

More information

Nurses Retirement Decision-Making Guide

Nurses Retirement Decision-Making Guide Nurses Retirement Decision-Making Guide A Joint Project of the Center for American Nurses and WISER, the Women's Institute for a Secure Retirement WISER THE WOMEN S INSTITUTE FOR A SECURE RETIREMENT The

More information

How do I get good credit?

How do I get good credit? Slide 1 Credit The information provided in this e-course is intended for educational purposes only and does not constitute specific advice for you as an individual. When evaluating your particular needs,

More information

Transamerica Layered Insurance Strategy. It doesn t matter where your story begins

Transamerica Layered Insurance Strategy. It doesn t matter where your story begins Transamerica Layered Insurance Strategy It doesn t matter where your story begins it only matters where you re going. Imagine your life if things never changed. If everything stayed exactly as it is today.

More information

Mapping Your Future Guide to Life after High School SM : Senior Year

Mapping Your Future Guide to Life after High School SM : Senior Year Mapping Your Future Guide to Life after High School SM : Senior Year Get prepared for life after high school Some people know from an early age exactly what they want to be when they are adults and how

More information

Money Management Test - MoneyPower

Money Management Test - MoneyPower Money Management Test - MoneyPower Multiple Choice Identify the choice that best completes the statement or answers the question. 1. A person s debt ratio shows the relationship between debt and net worth.

More information

How to Avoid The Five Biggest First-time Homebuyer Mistakes. Mistake #1

How to Avoid The Five Biggest First-time Homebuyer Mistakes. Mistake #1 How to Avoid The Five Biggest First-time Homebuyer Mistakes Mistake #1 Failure To Examine And Repair Any Credit Problems Prior To Applying For Your Loan Many potential new home buyers have no idea what

More information

Benefit. Accumulation. Account. Saving to Make Your Dreams Possible.

Benefit. Accumulation. Account. Saving to Make Your Dreams Possible. Benefit Accumulation Account Saving to Make Your Dreams Possible. 1 Get to your dreams faster. Dream #1 Daily walks on the beach. 2 Pension Fund: A Name You Can Trust Pension Fund serves its members as

More information

UNIT AUTHOR: Elizabeth Hume, Colonial Heights High School, Colonial Heights City Schools

UNIT AUTHOR: Elizabeth Hume, Colonial Heights High School, Colonial Heights City Schools Money & Finance I. UNIT OVERVIEW & PURPOSE: The purpose of this unit is for students to learn how savings accounts, annuities, loans, and credit cards work. All students need a basic understanding of how

More information

Peach State Reserves PEACH STATE RESERVES FAQ. Peach State Reserves General Questions

Peach State Reserves PEACH STATE RESERVES FAQ. Peach State Reserves General Questions Peach State Reserves PEACH STATE RESERVES FAQ Peach State Reserves General Questions What is Peach State Reserves The Georgia Retirement Investment Plan? What is a Deferred Compensation/Defined Contribution

More information

BALANCED MONEY WORKBOOK

BALANCED MONEY WORKBOOK BALANCED MONEY WORKBOOK 2 Why live in balance? Welcome to the balanced money approach to budgeting! Balance is a concept we hear a lot about eat a balanced diet, keep balance between work and the rest

More information

7 Things You MUST DO To Create Financial Certainty. AllianceGroupFinancial.com 801-545-9494

7 Things You MUST DO To Create Financial Certainty. AllianceGroupFinancial.com 801-545-9494 7 Things You MUST DO To Create Financial Certainty AllianceGroupFinancial.com 801-545-9494 1 In This Report Are you rolling the dice with your retirement? Page 3 What is financial certainty? Page 4 Reaching

More information

Budgeting: Managing Your Money with a Spending Plan

Budgeting: Managing Your Money with a Spending Plan Budgeting: Managing Your Money with a Spending Plan Budgeting: Managing Your Money with a Spending Plan Are you making the best use of your money? Do you have a handle on how much comes in each month and

More information

What Is Direct Loan Entrance Counseling?

What Is Direct Loan Entrance Counseling? What Is Direct Loan Entrance Counseling? Federal regulations require that you, as a first-time student loan borrower, complete an Entrance Counseling session. You can complete the entire session online

More information

Prepared by the National Association of Insurance Commissioners. This guide does not endorse any company or policy.

Prepared by the National Association of Insurance Commissioners. This guide does not endorse any company or policy. Prepared by the National Association of Insurance Commissioners The National Association of Insurance Commissioners is an association of state insurance regulatory officials. This association helps the

More information

Financial Milestones: Retirement planning. Tips for every stage of life.

Financial Milestones: Retirement planning. Tips for every stage of life. Financial Milestones: Retirement planning. Tips for every stage of life. Retirement by the numbers. Retirement planning is a journey. And the sooner you start, the easier it is. But whether you re in your

More information

Accident Insurance: Financial Protection Doesn t Happen by Accident

Accident Insurance: Financial Protection Doesn t Happen by Accident Life & Health Insurance Advisor MRCT Benefits Plus is a comprehensive employee benefits, wellness and Human Resources consulting firm offering a variety of financial services to businesses and individuals

More information

THE FINANCIAL AID PROCESS Paying for College

THE FINANCIAL AID PROCESS Paying for College THE FINANCIAL AID PROCESS Paying for College FINANCING COLLEGE Now that you re planning to go to college, there are a lot of things to think about and many questions you need to ask. Probably the biggest

More information

Are you in debt? Do you need to sell your house fast? Then Read on to find out How To Get Out Of Debt Now!

Are you in debt? Do you need to sell your house fast? Then Read on to find out How To Get Out Of Debt Now! Are you in debt? Do you need to sell your house fast? Then Read on to find out How To Get Out Of Debt Now! When you miss mortgage payments you can find yourself in deep trouble. The mortgage lender could

More information

u n i t f i v e Credit: Buy Now, Pay Later To use credit wisely you need to know oming soon to a what s really

u n i t f i v e Credit: Buy Now, Pay Later To use credit wisely you need to know oming soon to a what s really Unit Five Credit: Buy Now, Pay Later To use credit wisely you C need to know oming soon to a what s really mailbox near you credit card offers! involved. If you haven t started receiving them already,

More information

Being a Guarantor. Financial Series. in Alberta. What is a Guarantor? June 2011. Has someone you know asked you to be a Guarantor?

Being a Guarantor. Financial Series. in Alberta. What is a Guarantor? June 2011. Has someone you know asked you to be a Guarantor? Financial Series June 2011 Being a Guarantor in Alberta Has someone you know asked you to be a Guarantor? Are you already a Guarantor and worried about what comes next, or what is already occurring? This

More information

COLLEGE PLANNING SAVING FOR A COLLEGE EDUCATION. Why is it Important to Start Saving Now? The Projected Cost of College 2012/2013 2017/2018 2022/2023

COLLEGE PLANNING SAVING FOR A COLLEGE EDUCATION. Why is it Important to Start Saving Now? The Projected Cost of College 2012/2013 2017/2018 2022/2023 Making College a Reality: A college education can be one of the most important investments you ll ever make. But the benefits of increased earning power and expanded horizons come at a price college is

More information

INTRODUCTION. A guide for homebuyers

INTRODUCTION. A guide for homebuyers FINANCE GUIDE INTRODUCTION A guide for homebuyers The prospect of buying a home can be intimidating, particularly given the many changes to mortgage rules and requirements over the past several years.

More information

Real Property for a Real Retirement.

Real Property for a Real Retirement. Real Property for a Real Retirement. Rent or Flip - Using your IRA or 401k to the fullest. Know the Right Time to Use Your Retirement Account and Get the Most From Your Real Estate Investments. 2011 CompleteIRA

More information

Understanding Your credit risk

Understanding Your credit risk www.unitedfinance.com Personal Loans 101: Understanding Your credit risk AFSA Education Foundation 919 Eighteenth Street, NW Washington, DC 20006-5517 Phone: 888-400-7577 Email: personalloans101@afsaef.org

More information

Personal Loans 101: Understanding Your credit risk

Personal Loans 101: Understanding Your credit risk Personal Loans 101: Understanding Your credit risk Loans have some risk for both the borrower and the lender. The borrower takes on the responsibilities and terms of paying back the loan. The lender s

More information

Money Matters by Suze Orman. The 12 Biggest Money Mistakes. Monday, February 13, 2006

Money Matters by Suze Orman. The 12 Biggest Money Mistakes. Monday, February 13, 2006 1 of 5 9/8/2006 12:30 PM Yahoo! My Yahoo! Mail Search: Web Search Sign In New User? Sign Up Finance Home - Help Money Matters by Suze Orman The 12 Biggest Money Mistakes Monday, February 13, 2006 Avoiding

More information

HOMEOWNERSHIP: Understanding What You Can Afford, Mortgages, and Closing Costs. Illinois Association of REALTORS. Springfield, IL 62701

HOMEOWNERSHIP: Understanding What You Can Afford, Mortgages, and Closing Costs. Illinois Association of REALTORS. Springfield, IL 62701 Illinois Association of REALTORS 522 S. Fifth Street Springfield, IL 62701 www.illinoisrealtor.org www.yourillinoishome.com HOMEOWNERSHIP: Understanding What You Can Afford, Mortgages, and Closing Costs

More information

Account a service provided by a bank allowing a customer s money to be handled and tracks money coming in and going out of the account.

Account a service provided by a bank allowing a customer s money to be handled and tracks money coming in and going out of the account. Account a service provided by a bank allowing a customer s money to be handled and tracks money coming in and going out of the account. Account fee the amount charged by a financial institution for the

More information

An Easy-to-Understand Introduction to the Retirement Plan and the Savings Plan. How the Plans Work. Contributions. Other Benefits

An Easy-to-Understand Introduction to the Retirement Plan and the Savings Plan. How the Plans Work. Contributions. Other Benefits An Easy-to-Understand Introduction to the Retirement Plan and the Savings Plan Annuities How the Plans Work Contributions Eligibility Enrollment Other Benefits November 2015 WELCOME TO THE YMCA RETIREMENT

More information

Retire Rich. Written By Joshua Sharp Self Directed IRA and 401k Expert. Larry Goins. Real Estate Author, Trainer and Investor

Retire Rich. Written By Joshua Sharp Self Directed IRA and 401k Expert. Larry Goins. Real Estate Author, Trainer and Investor Retire Rich GetOutOfTheVolatileFinancialMarkets AndSuperchargeYourIRAorRetirement AccountUsingDiscountedRealEstate! RentorFlip UsingyourIRAor401ktothefullest.KnowtheRightTimetoUse YourRetirementAccountandGettheMostFromYourRealEstateInvestments.

More information

OHIO TREASURER S FINANCIAL EDUCATION GLOSSARY OF TERMS

OHIO TREASURER S FINANCIAL EDUCATION GLOSSARY OF TERMS OHIO TREASURER S FINANCIAL EDUCATION GLOSSARY OF TERMS 401(k) An employer qualified retirement plan set up by a private company in which eligible employees may make salary-deferral (salary-reduction) contributions

More information

HOW TO SAVE FOR YOUR FUTURE. a guide for financial security

HOW TO SAVE FOR YOUR FUTURE. a guide for financial security HOW TO SAVE FOR YOUR FUTURE a guide for financial security Save for your future. Choose to Save is designed to encourage Americans to take four basic steps to secure their financial future: 1 Calculate

More information

Refinancing. Refinancing WISCONSIN HOMEOWNERSHIP PRESERVATION EDUCATION. Section Overview

Refinancing. Refinancing WISCONSIN HOMEOWNERSHIP PRESERVATION EDUCATION. Section Overview People refinance their homes to take advantage of lower interest rates or to decrease their monthly payment. Sometimes it is done to create extra money for purchases (like a car) or for debt repayment.

More information

Health Savings Accounts: Innovative Health Care Financing

Health Savings Accounts: Innovative Health Care Financing Health Savings Accounts: Innovative Health Care Financing Would you be interested in a health insurance program that puts you in control of your own health care dollars, while protecting you and your family

More information

How Much Is Your Credit Score Costing You?

How Much Is Your Credit Score Costing You? How Much Is Your Credit Score Costing You? In the past, the credit report was instrumental in determining whether a consumer had the ability to purchase big-ticket items such as homes, cars, and appliances.

More information

SAVING FOR RETIREMENT

SAVING FOR RETIREMENT CHARTING YOUR COURSE SERIES: SAVING FOR RETIREMENT Retirement planning for public sector employees Why save now? Starting to save early, being disciplined about saving enough, and prudently investing those

More information

This material is derived from sources believed to be reliable, but its accuracy and the opinions based thereon are not guaranteed.

This material is derived from sources believed to be reliable, but its accuracy and the opinions based thereon are not guaranteed. Using Debt Wisely INVESTMENT AND INSURANCE PRODUCTS: NOT FDIC INSURED NOT A BANK DEPOSIT NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY NO BANK GUARANTEE MAY LOSE VALUE Disclosures The information provided

More information

BUYER S GUIDE TO FIXED DEFERRED ANNUITIES

BUYER S GUIDE TO FIXED DEFERRED ANNUITIES BUYER S GUIDE TO FIXED DEFERRED ANNUITIES Prepared by the National Association of Insurance Commissioners The National Association of Insurance Commissioners is an association of state insurance regulatory

More information

Building Your Future. Basics in Budgeting. in BLOG. Extraco Banks is a Member FDIC.

Building Your Future. Basics in Budgeting. in BLOG. Extraco Banks is a Member FDIC. Building Your Future Basics in Budgeting Extraco Banks is a Member FDIC. f in BLOG TABLE OF CONTENTS DEBT Assessment WEALTH What is wealth? Net worth BUDGET Financial goals Budget worksheet INVEST Types

More information

Fixed Deferred Annuities

Fixed Deferred Annuities Buyer Buyer s Guide to: s Guide to: Fixed Deferred Annuities Prepared by the Prepared by the National Association of Insurance Commissioners The National Association of Insurance Commissioners is an association

More information

How to Use Your Retirement Funds to Finance Your Small Business with No Taxes or Penalties. How To Use Your Retirement Funds to Finance Your Business

How to Use Your Retirement Funds to Finance Your Small Business with No Taxes or Penalties. How To Use Your Retirement Funds to Finance Your Business How To Use Your Retirement Funds to Finance Your Business By Bill Seagraves, President November 9, 2010 TABLE OF CONTENTS Succeed in Business and Retire Wealthy: It s All About Cash Flow The Rich Get Richer

More information

Keeping Your Home - Protect your investment

Keeping Your Home - Protect your investment Keeping Your Home - Protect your investment People who plan, budget and save for successful homeownership have a much better chance of keeping a roof over their heads and building wealth as property values

More information

7 Facts You Need to Know About Reverse Mortgages...

7 Facts You Need to Know About Reverse Mortgages... SPECIAL REPORT 7 Facts You Need to Know About Reverse Mortgages... By Quinn Berry 7 Facts You Need to Know About Reverse Mortgages... to help you enjoy a comfortable, worry-free retirement! Chances are

More information

Your Step-by-Step Mortgage Guide. From Application to Closing

Your Step-by-Step Mortgage Guide. From Application to Closing Your Step-by-Step Mortgage Guide From Application to Closing Table of Contents In this guide, you will learn about one of the most important steps in the homebuying process obtaining a mortgage. The materials

More information

Assist. Financial Calculators. Technology Solutions. About Our Financial Calculators. Benefits of Financial Calculators. Getting Answers.

Assist. Financial Calculators. Technology Solutions. About Our Financial Calculators. Benefits of Financial Calculators. Getting Answers. Assist. Financial s Technology Solutions. About Our Financial s. Helping members with their financial planning should be a key function of every credit union s website. At Technology Solutions, we provide

More information

Equity Release Guide. www.seniorissues.co.uk

Equity Release Guide. www.seniorissues.co.uk Equity Release Guide www.seniorissues.co.uk For more information or to speak to one of our trained advisers please telephone our Senior Issues Team on 0845 855 4411 The Caesar & Howie Group 7/3/2008 EQUITY

More information

Life insurance. Shedding light on A PRACTICAL GUIDE TO HELPING YOU ACHIEVE A LIFETIME OF FINANCIAL SECURITY. Life s brighter under the sun

Life insurance. Shedding light on A PRACTICAL GUIDE TO HELPING YOU ACHIEVE A LIFETIME OF FINANCIAL SECURITY. Life s brighter under the sun Shedding light on Life insurance A PRACTICAL GUIDE TO HELPING YOU ACHIEVE A LIFETIME OF FINANCIAL SECURITY LEARN MORE ABOUT: Safeguarding your loved ones Protecting your future Ensuring your dreams live

More information

Homebuyer s Guide. Brought to you by:

Homebuyer s Guide. Brought to you by: Homebuyer s Guide Brought to you by: AmeriSouth Mortgage Company NMLS ID: 67050 Phone: (704) 845-9400 info@amerisouth.com www.amerisouth.com The basics What is a mortgage? A mortgage is a loan secured

More information

Foundation Communities Financial Coaching Guide for Homebuyers

Foundation Communities Financial Coaching Guide for Homebuyers Foundation Communities Financial Coaching Guide for Homebuyers Do you want to know if you are ready to buy a home? The following guide will help you determine whether homeownership is right around the

More information

Considering an Offer to Retire Early: Should You Take It?

Considering an Offer to Retire Early: Should You Take It? Considering an Offer to Retire Early: Should You Take It? What is it? In today's corporate environment, where cost cutting, restructuring, and downsizing are the norm, many employers are offering their

More information

Buying a Car. A Car Means Convenience. Which Car is Right for You?

Buying a Car. A Car Means Convenience. Which Car is Right for You? Buying a Car A Car Means Convenience It s Wednesday morning and you are sleeping soundly, dreaming about that Hawaiian vacation you d like to take. Suddenly you hear, instead of ocean waves, a loud buzz.

More information

Your Financial Aid Journey. Investing in Your Future 5 Steps to Prepare for College College Financing Options Financial Aid Terms

Your Financial Aid Journey. Investing in Your Future 5 Steps to Prepare for College College Financing Options Financial Aid Terms Your Financial Aid Journey Investing in Your Future 5 Steps to Prepare for College College Financing Options Financial Aid Terms Investing in your future Higher earnings College graduates earn more money

More information

HOME EQUITY LOANS. How to put your home s equity to work for you Save money and negotiate better terms

HOME EQUITY LOANS. How to put your home s equity to work for you Save money and negotiate better terms guideto: How to put your home s equity to work for you Save money and negotiate better terms HOME EQUITY LOANS Copyright 2007 LendingTree All Rights Reserved The LendingTree Smart Borrower Center offers

More information

The VSAC no-nonsense guide to education loans VSAC

The VSAC no-nonsense guide to education loans VSAC The VSAC no-nonsense guide to education loans VSAC for families of undergraduate students Fall 2014 The straight scoop on undergraduate education loans from VSAC, your trusted college planning advisor

More information

Life Insurance Buyer s Guide

Life Insurance Buyer s Guide Life Insurance Buyer s Guide This guide can help you when you shop for life insurance. It discusses how to: Find a Policy The Meets Your Needs and Fits Your Budget Decide How Much Insurance You Need Make

More information

A mortgage is a loan that is used to finance the purchase of your home. It consists of 5 parts: collateral, principal, interest, taxes, and insurance.

A mortgage is a loan that is used to finance the purchase of your home. It consists of 5 parts: collateral, principal, interest, taxes, and insurance. A mortgage is a loan that is used to finance the purchase of your home. It consists of 5 parts: collateral, principal, interest, taxes, and insurance. When you agree to a mortgage, you enter into a legal

More information

We ll help you open the door.

We ll help you open the door. We ll help you open the door. The Citizens Guide to Home Financing Lori Customer Table of Contents Before you look 4 The costs of purchasing a home 4 Getting a head start: Pre-approval 6 Choosing a mortgage

More information

TERM OR PERMANENT LIFE INSURANCE

TERM OR PERMANENT LIFE INSURANCE TERM OR PERMANENT LIFE INSURANCE WHICH OPTION IS RIGHT FOR YOU? It s the age-old life insurance question: Should you buy term or permanent life insurance? Some personal finance experts would have you believe

More information

Vertex Wealth Management LLC 10/22/2013

Vertex Wealth Management LLC 10/22/2013 Vertex Wealth Management LLC Michael J. Aluotto, CRPC President Private Wealth Manager 1325 Franklin Ave., Ste. 335 Garden City, NY 11530 516-294-8200 mjaluotto@1stallied.com Retirement Basics 10/22/2013

More information