Help Your Student Qualify For An Uncle Sam Tax Scholarship
When it comes time for your child or children to attend college, will you be able to afford it? This is a question that is burdening many parents, as college tuition inflation has increased at an alarming average rate of 12% annually from 2010 to 2022, while the cost of tuition even at public 4-year institutions increased 9.24% over this same time period1. Strategically, the simplest solution is to begin saving large sums and saving early, but this might not be [...]
Things to Consider When Offered a Severance Package
Getting offered a severance package from your employer can be an exciting and nerve-racking situation, all at the same time. It is important to take a moment and understand your personal situation. It is essential to carefully consider the terms and implications before making a decision. Here are some key factors to take into account: Package Details: Review the specific terms of the severance package, including the amount of compensation, the duration of payments, and any additional benefits (e.g., continuation [...]
Understanding Your Student Loan Situation After Your Recent Graduation
Yay! I survived college and graduated with that valuable piece of paper that I was able to afford with the help of student loans. Now what do I need to know to pay them off? This is a common question many recent graduates, like myself, have asked. To complicate things further, there's been a lot of action in Washington DC to change the way student loans are paid off. How do I know if any of these changes affect me? And [...]
Retirement Savings Changes
The Consolidated Appropriations Act of 2023 was signed into law in December 2022. Part of this law included what is known as the Secure Act 2.0. This portion spells out many changes to retirement savings rules that take affect over the next several years. One might ask, how does this affect me? Below is a short synopsis of a few provisions that you should be aware of. Probably the biggest change that affects many of us is the modification in Required [...]
Student Loan Repayment Delayed Again to Future Date in 2023
The Biden administration has announced another extension for repayment of federal student loans to an unspecified date in 2023 due to legal challenges that have blocked the implementation of the student loan debt relief program. The previous payment moratorium was set to expire on December 31, 2022. Under the new extension, student loan payments will resume 60 days after the student loan debt relief program is implemented or the lawsuits are resolved. If the courts have not resolved the issue by June 30, 2023, [...]
Fact Of The Week: July 20, 2022
The June CPI reading was the highest we’ve seen since 1981. DID YOU KNOW? Th June CPI reading of 9.1% was the highest we've seen since November 1981. Source: Bureau of Labor Statistics
Fact Of The Week: July 13, 2022
Historically, the S&P 500 has an average recovery of 23.8% after it declines by >15% during the first half of the year. DID YOU KNOW? There are only 5 other instances of the S&P 500 down >15% to start the year. On average, they returned 23.8% during the second half of the year. Source: First Trust Portfolios LP
Fact Of The Week: July 6, 2022
How are you dealing with our current market environment? Contact us for a complimentary discussion. DID YOU KNOW? The S&P 500 had the worst first half of the year since 1962. Source: Compound Capital Advisors
Fact Of The Week 22 June 2022
Median sales price of existing homes continue to increase. DID YOU KNOW? The median sales price of U.S. existing homes rose above $400,000 for the first time, a 44% increase over the last 2 years. Source: Wall Street Journal, Compound Capital Advisors