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…
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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…
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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…
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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 –…
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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…
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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…
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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…
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How To Qualify For Public Service Loan Forgiveness
In light of the 99% denial rate for the initial wave of PSLF applicants, I thought it would be helpful to confirm exactly what is required to qualify: Qualified Loans You must have Direct non-parent…
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7 Habits of Our Most Successful Clients
The ability to help guide people during their journey and assist them in achieving their goals is a privilege, and we wanted to share some of the habits of our most successful clients.
Public Service Loan Forgiveness Application Denial Rate Over 99%
As of 6-30-2018, there were 28,913 processed PSLF applications. Of those, only 289 (or just under 1%) had been approved. Pretty lousy, right?
4 Times You Should Not Refinance Student Loans
For many physicians, refinancing your student loans can seem like a no-brainer. If you aren’t going for PSLF, and can afford the payments, it makes sense to take advantage of the lower rates offered by refinance companies, rather than continue to let interest accrue at the expensive federal rates which can, in many cases, exceed 7%. However, the decision to refinance is not always this simple
The Physician’s Complete Guide to Medical School Loans
Student loans have become a big deal! 37 million Americans collectively owe over 1 TRILLION dollars in student loans – and yet nobody seems to fully understand them.