Federal direct student loans were scheduled to begin February 2022. It looks like that has been pushed back, yet again, to May 2022. President Biden announced 12/22/21 that due to the Omicron variant and other factors, he is extending the pause on payments and interest for federal direct student loans until May 1, 2022. The […]
Archives for 2021
2021 Year End Financial Checklist
With the end of the year fast approaching, it’s time to review some key areas of your finances if you haven’t done so already. Things to consider before the end of the year: Tax loss/gain harvesting Review and update 401k/403b contributions Review Flex Savings Account balances Take Required Minimum Distributions Rebalance investments Contribute to 529 […]
Tips to Deal With Inflation (Video)
Inflation rates have recently risen to levels we haven’t seen in 30+ years. Sustained inflation can cause real challenges as your purchasing power degrades over time. If higher prices are creating a strain on your finances, there are 3 things you can do to minimize the impact: Reduce consumption (Budget) Increase income (Pick up shifts […]
Financial Tips for Nurses (Video)
I was honored to be invited to speak as a part of #NurseWellBeingWeek. Check out the Instagram Live recording for the full interview as I share some of my tips to help nurses achieve their own financial well-being. View this post on Instagram A post shared by NurseGrid (@nursegrid)
Should I Pay Off Debt or Invest?
As a financial planner, I get the question “Should I pay off my debt or invest?” all the time. Keeping the money in the bank, paying off debt, or investing may be the best choice depending on your situation. In this article, we’ll examine when each one of these options may make sense depending on […]
2021 Monthly Child Tax Credit Payments
As a part of American Rescue Plan Act of 2021, significant changes have been made to how the Child Tax Credit works in 2021. Here is what you need to know if you have kids: Fact Summary: The previous Child Tax Credit has been increased from $2,000 to $3,000 per child 6-17 and $3,600 per […]
4 Things to Know About Student Loans
Potential student loan cancellation has been an area of much speculation with the new Biden administration. So far, not much has changed, but there are a lot of misconceptions out there. Here are the 4 most common questions I get (and what you should do with your student loans in 2021): 1. Will $10,000 of […]
Robo Advisor vs. Financial Planner: Which is Right for You?
A “robo-advisor” is an online technology that provides automated financial services. Pioneered by Betterment in 2010, they have increased in popularity over the past decade with dozens of companies offering these services today. So when does it make sense to hire a financial planner or utilize a robo-advisor? The first question to ask yourself is […]
What to Do With Your Stimulus and Tax Return Checks
In addition to the cash infusion many people see this time of year from a tax refund, we are also in the middle of the latest round of stimulus checks being deposited. If you’re still unclear on your stimulus eligibility, find out if you can expect a payment on the IRS official website. Verified that you […]
Retirement Readiness Checklist
When and how to retire may be one the largest financial decision you will make. This generates many new financial questions you may not have dealt with before: Where will my income come from? Have I saved enough? When should I draw Social Security? What should I do with my pension and retirement accounts? How […]
