Even if you’re savvy about college shopping and thoroughly research financial aid, college costs may still be prohibitive. At these prices, you might 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. Before you
When it’s difficult to make all your payments on time, or interest rates on your current lines of credit are draining your checking account, consider debt consolidation. This smart financial move may help you get back on track with your monetary responsibilities, may boost your credit score and ease the mental stress of paying multiple
Scammers are taking advantage of the uncertainty during the pandemic and finding ways to take advantage of innocent victims by stealing their money and personal information. Protect yourself and your loved ones by learning about these scams. 1. Work-At-Home Scam This scam promises victims the opportunity to work from home and make a substantial amount
Due to the coronavirus pandemic, the due date for filing federal income tax returns and making tax payments has been postponed by the IRS from Wednesday, April 15, 2020, to Wednesday, July 15, 2020. Taxpayers will incur no interest, penalties or additions to tax during this 90-day relief period for any return or payment postponed
On March 20, 2020, the Department of Education announced terms for student loan relief for tens of millions of borrowers in response to COVID-19.1 Here are answers to some questions about the new rules. Does the relief apply to all student loan borrowers? This relief only applies to borrowers with outstanding federal student loans. Private
One of the longest-standing investing debates is over the relative merits of active portfolio management versus passive management. With an actively managed portfolio, a manager tries to beat the performance of a given benchmark index by using his or her judgment in selecting individual securities and deciding when to buy and sell them. A passively
As many as 78% of Americans see homeownership as a defining characteristic of the American Dream, according to a recent report by Mynd, a tech-enabled real estate company.1 There are many benefits to homeownership, but the ability to use home equity to reach other financial goals is one that many homeowners may not have considered.
Why does your credit score matter? How can you improve it? Where do you even begin? All of these questions are important to ask if you’re considering buying a home. To qualify, a minimum credit score may be required depending on the overall loan profile. The higher your credit score, the more likely you are
Credit unions have a unique core purpose: to serve all of our members in the best way possible. Membership and community is at our core, and one of the ways this cooperative approach is most apparent is through the nationwide network of CO-OP shared branches and ATMs. This network ensures you can do your banking
Many folks have questions about their 401(k) dollars. How to access them and how to convert them moving forward. It can be confusing, but the CFS* wealth management advisors at Elevations can help you navigate your choices like the example below. Here’s the dilemma: You have a traditional 401(k) that contains both after-tax and pre-tax
