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Tax-Deferred College Savings Plans

December 8, 2020

There are two types of tax-deferred college savings plans available to help you save for your child’s college education. 529 plans and Educations Savings Accounts (ESAs) have many advantages over custodial, general brokerage and savings accounts. A 529 plan is a state-sponsored college investment account. You can choose from one of several pre-defined asset allocation …

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Why do many investors choose traditional investment advisors over Robo-Advisors?

December 1, 2020

A Robo-Advisor builds and maintains investment portfolios based on automated computer algorithms. After you input your age, financial goals and risk tolerance, the algorithm invests your funds, primarily in ETFs. Robo-Advisors have relatively low fees and minimums and could be ideal for new, young investors. More complex clients benefit from an investment advisor who helps …

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Keeping Your Student Loans Out of Default

November 13, 2020

Current trends indicate that the number of defaulted student loans is steadily increasing. Defaults occur after an extended period of not making payments on your student loans. If you don’t pay for more than 90 days, your loan servicer will report the delinquency to the three nationwide credit bureaus and your credit scores may drop. …

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COVID & Credit: Tackling Mortgage Challenges

October 27, 2020

Every homeowner’s nightmare is that they can’t pay their mortgage. Whether it is because you are not working due to the Coronavirus/Covid-19 pandemic, or you’re dealing with other financial challenges, there could be many reasons that you are behind on making your monthly payments. If adjusting your budget has not helped, here are some steps to …

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Guide to Common Investment Terms

September 10, 2020

When approaching investing, it is helpful to have a broad understanding of some basic concepts and terminology. Whether you are handling your own investing or working with an advisor, you can be more engaged in the management of your portfolio with a grasp of investment-related terms. Part of an advisor’s role is to educate clients …

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