Planning Priorities: Dealing with Debt
On this episode Planning Priorities, Henssler Managing Associate, D. James Barker, CWS®, explains how you deal with debt.
I’m a first-time homebuyer, and I don’t have a lot of cash to put down on a house. What type of mortgage would be best for me?
If you are a first-time homebuyer and don’t have a lot of money for a down payment on a home, you may want to consider obtaining a mortgage through a government mortgage lending program such as those offered through the Federal Housing Administration (FHA) and the Department of Veterans Affairs, formerly known as the Veterans…
Is there any way to get out of a car lease?
A Lease is a Legally Binding Contract Simply put, yes. You can get out of a car lease, but it won’t be cheap. A lease is a contract, which means it’s a legally binding agreement. Some contracts contain loopholes or escape clauses. However, leasing companies pay attorneys big money for these carefully drafted, loophole-free agreements.…
Talking to Your Teen About Money
You probably feel comfortable talking to your teen about things like school, sports, and clothing. But how do you feel about talking about money? While it may be a tricky topic to broach, odds are that your teenager will rely on you to learn basic financial management skills. And the teenage years can be a…
Should I consider requesting a deferment or forbearance for my federal student loans?
Did you take on a large amount of debt to pay for college, and are you struggling to pay it off? If so, you are not alone. According to the Federal Reserve, 20% of individuals with outstanding student loans were behind on their payments in 2017.1 You may want to consider requesting a deferment or…
Are my student loans eligible for public service loan forgiveness?
If you are employed by a government or not-for-profit organization, you may be able to receive loan forgiveness under the Public Service Loan Forgiveness (PSLF) Program. The PSLF, which began in 2007, forgives the remaining balance on federal Direct Loans after you have made 120 monthly payments under a qualifying repayment plan while working full-time…
Money Wise: Student Loans 101
In this installment of Henssler Financial’s Money Wise series, Associate Peter Lynch, highlights the true cost of college, loan consolidation and refinancing student loans, and he also explains why you should pay off student loans and save for retirement at the same time.
Money Wise: Investing 101
In this installment of Henssler Financial’s Money Wise series, Research Analyst Nick Antonucci, CVA, explains the basic concepts of how investment vehicles grow your money, the benefits of diversification, and the different asset classes for beginning investors.
Money Wise: Budgeting 101
In this installment of Henssler Financial’s Money Wise series, Senior Associate Jarrett McKenzie, CFP®, CWS®, explains the importance of a budget, ways to keep your budget in check and how to align your spending behaviors and your budget to meet your goals.
How much money should you keep in a savings account for emergencies?
Without an adequate emergency fund, a period of crisis could be financially devastating. Many financial professionals suggest that you set aside three to six months’ worth of living expenses for emergencies. The actual amount, however, should be based on your individual circumstances. Do you have a mortgage? Do you have short-term and long-term disability protection?…