If you care about what happens to your money, home, and other property after you die, you need to do some estate planning. There are many tools you can use to achieve your estate planning goals, but a will is probably the most vital. Even if you're young or your estate is modest, you should always have a legally valid and up-to-date will. This is especially important if you have minor children because, in many states, your will is the only legal way you can name a guardian for them. Although a will doesn't have to be drafted by an attorney to be valid, seeking an attorney's help can ensure that your will accomplishes what you intend.
Even with all of your savvy college shopping and research about financial aid, college costs may still be prohibitive. At these prices, you expect you'll need to make substantial financial sacrifices to send your child to college. Or maybe your child won't be able to attend the college of his or her choice at all. Before you throw in the towel, though, you and your child should consider steps that can actually lower college costs. Although some of these ideas deviate from the typical four-year college experience, they just might be your child's ticket to college — and your ticket to financial sanity.
A home equity line of credit, aka HELOC, makes it possible for many Americans to purchase a second home, complete a delayed home improvement project, pay off high-interest rate credit card debt or achieve any number of financial goals without selling their primary residence. The popularity of HELOCs continue to rise.
When purchasing farmland, there are a lot of things to think about. Financial ramifications must be considered and pitfalls must be avoided. This can be a stressful and emotional time, which is why it's so important to think rationally and act prudently. Here are 15 key questions to ask during the planning and buying process.
Your quarterly account reconciliation is off. You’ve rechecked the figures, but profits are nowhere near what you’d projected. As you lean back in your chair, you recall that last quarter’s financials also showed a slight dip in revenue. Last time, you dismissed it as an accounting error. However, this time, the difference is significant. A possible explanation is one that some businesses are hesitant to consider: Fraud.
Homeowners who need additional funds to pay for college, buy a second home, consolidate high-interest debt, or pay for a special event often find themselves unnecessarily stumped by the question “How am I going to pay for this?” Many homeowners can avoid accessing savings or borrowing against a retirement account to pay for these and other expenses. They can do so by tapping into the equity in their home.
According to the College Board, the cost to attend in-state public colleges averaged $25,290 for the 2017-2018 year and private colleges averaged $50,900. Wondering what goes into those costs? It’s time to do the math on college and the means of getting there. Here are the 5 main categories to consider.
The financial aid award letter outlines the financial support available to a student and is provided by each school a student has been accepted to, as long as they filled out the FAFSA in the fall. While each award letter contains the same basic information, the formatting may be different. You’ll need to compare the terms, conditions and details of each letter to get the whole picture. In this article, we’ll help crack the code to find the best college fit.
Most people aren’t in a position to provide an expensive college degree to each of their children. After setting aside money for an emergency fund, life insurance, mortgage payments and the cost of living, that’s okay! As a parent, you’ve got a responsibility to take care of your child – and yourself – financially. After all, you can’t take out a loan for retirement. Fortunately, you don’t have to pick up the tuition tab to help make college more affordable. In this article, we’ll show you 5 other options.
Most people come out of college these days with some kind of student debt. Those monthly bills may seem overwhelming, but it doesn’t have to be difficult to manage your private student loan payments. From pre-college to post-college, it’s important to practice good financial habits when it comes to your student loans. Here our top tips to being a responsible borrower.