Check out some of our latest posts — weekly nuggets that will help you take control over your money.
Should I Drop Out of PSLF?
Are you thinking about bailing out on PSLF? Before you sign on the dotted line, do yourself a favor and read this. So I’m talking with John. John has a big student loan balance... somewhere around $300,000. His work at a nonprofit hospital qualifies him for Public...
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When Good Debt Goes Bad
So what is “good debt”? It’s a general term for a debt used to finance something that expected to increase in value. Maybe you take out a mortgage to buy a home you expect to appreciate. Maybe you borrow student loans to help you increase lifetime earning potential....
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How to Change From IBR to RePAYE
Question: I’m planning to switch from the Income-Based Repayment “IBR” student loan repayment plan to Revised Pay As You Earn - “RePAYE”. How do I accomplish this without having any hangups? Well - this process varies depending on your circumstances: Scenario #1 If...
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The University of Kentucky Health Savings Account Option Now Available
Starting in 2019, the University of Kentucky will begin offering the UK Saver plan (click to compare UK health insurance plans). This is a big deal because it finally gives University of Kentucky employees access to the Health Savings Account "HSA". If you're unsure...
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Investing Q&A: Part 1
Part of the job as a Financial Planner is providing investment advice. We believe it’s important to educate clients so they can have a true understanding of the reasoning behind our strategies and decisions. Not everyone has a financial background (or the time/desire...
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How Do My Pre-Tax Retirement Plan Contributions Affect PSLF?
Most people saving for retirement have a choice between paying taxes now or later. Pre-tax accounts avoid taxation now, but you end up paying tax on those dollars when the money comes out. Post-tax - “Roth” - accounts are taxed now, and then come out tax-free later....
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Uncle Sam’s Retirement Matching Program For Residents
“The Retirement Savings Contribution Credit” - never heard of it, right? This little known tax credit can provide further incentive to fund retirement plans for a segment of medical residents. Let's find out if you might qualify. What is this “Savers Credit”?The...
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Selecting The Best Repayment Plan During Residency
Did you know there are 8 different federal loan repayment plans? The differences are confusing, yet very impactful. Given the stakes, it’s important to understand how your federal student loan repayment options work so you can select the best plan for your situation....
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Should I Turn Down a Raise Because of My Tax Bracket?
NO. We get this question from clients quite often. It’s not always a direct question - sometimes we just pick up on the issue through comments made during meetings. But the topic comes up enough that we recognize there are some misconceptions about how our tax system...
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5 Money Tips To Kick Start 2019
Happy New Year! This fresh start is a great time to set your goals for the upcoming year. Here are some ideas for resolutions, of course related to your finances, to get you started off on the right foot in 2019! Write Down Your Goals Start by brainstorming for a few...
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