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Should I lease or buy a vehicle before January? | Kelly Blue Book

Picture for decorative purposes of a new car in a dealership.

As 2019 comes to an end, the sales and special offers available can be overwhelming, along with all the financing options like buying or leasing.  It really comes down to timing, taxes, depreciation value, and ultimately what kind of car you are interested in and what you are using it for.  Purchasing requires more out of pocket cash but you ... Read More »

Avoiding the Debt Trap for your Child’s Higher Education | Kiplinger

money pouring out of a jar

David Redding has noticed one of the major points of frustration with his clients when creating a financial plan is saving for their children’s college education. With college getting more and more expensive, people are struggling to find a way to save for retirement and education. The average tuition of a private institution for one year is $41,426, and the ... Read More »

This Is How Long It Takes To Recoup Your Investment After Buying A Home | Forbes

Image of a clean kitchen in a recently purchased home.

When buying a home, it takes an average of four years to break even on the upfront costs of the purchase, such as a down payment and closing costs. The study also shows that the rate of return is expected to fall between 8% and 10% each year. These figures demonstrate that buying a house may not be worth it ... Read More »

How, and Why, to Build a Social Security ‘Bridge’ With Your 401(k) | Barrons

Picture for decorative purposes of a bridge that gets you from one side of the forest to the other.

The Center for Retirement Research at Boston College released a new study saying to hold off on claiming social security until age 70. Assets in a 401(k) account should provide income from age 60-69 while the benefits of social security build. Each year you put off claiming social security, your paycheck increases by 7-8%. Holding off until 70 can increase ... Read More »

FAFSA: The First Step in Financial Aid | Inside Indiana Business

Photo for decorative purpose: young person's hand holding money

The first step to getting financial aid for school is to fill out the FAFSA. Financial aid determined by these forms include grants, loans, and work studies. It only takes up to an hour to fill everything out online, requiring basic information, finances, and school choices. The easiest way to complete the FAFSA is to have all the information you ... Read More »

Millennials are lapping boomers on one metric: talking about money | Business Insider

Two young women holding phones with a money management app on the screens

A new survey conducted showed that the only similarity between millennials and baby boomers when it comes to discussing money is that both groups openly share finances with their spouse. Millennials are more likely to talk about finances with coworkers, family, and friends. Overall baby boomers are most likely to talk to their kids about finances, with millennials talking to ... Read More »

How much is your commute costing you? | The Balance

aerial view of traffic

The typical American commute time has been steadily rising since the 1980s. On average, an employee has a 26-minute commute each way to work. Also, over ten million citizens said they commute more than an hour one way to work. The cost of driving to work adds up quickly, with hidden repair costs, gas prices, wear and tear on your ... Read More »

Criminals Can Clean Out Your Financial Accounts with Just Your Phone Number | Market Watch

person holding a phone by tablet computer

SIM swap fraud is becoming more prevalent in today’s world of identity theft. This new type of fraud gives criminals access to your accounts and personal information by using your phone number. When you verify your identity by receiving a code through a text, a hacker only has to obtain that code in order to gain access to your accounts. ... Read More »

Take Advantage of Financial Technology | US News

person holding a phone

Advancing technology has worked its way into our portfolios and mobile wallets. In many ways, digitized and automated money is a positive movement, improving people’s  financial pictures.  It allows the banking system to work better for consumers, giving them tools that used to be just for hedge funds.  Fintech also makes investing more accessible with some apps like Acorns, Robinhood and ... Read More »

Falling Rates Boost Mortgage Market to Precrisis Levels | Futurism

mini house on a key chain

The mortgage market posted its biggest three months since the financial crisis, as lenders extended $700 billion in home loans through the July-to-September quarter, the most in 14 years. “The last few months have given us glimmers of hope that low rates are inducing existing home sales upwards,” said Ralph McLaughlin, deputy chief economist at CoreLogic Inc. “It looks like there ... Read More »