Uncategorized

Student loans have become more complicated over time. Many medical students who have started residency have learned that with this complexity comes widespread misinformation. Not understanding your student loan situation can hurt your finances. Here are some common misconceptions and details to better understand your loans and repayment plans. 1. Student Loans Don’t Accrue Interest […]

FedLoan Servicing Agency, also known as the Pennsylvania Higher Education Assistance Agency, announced recently that it will stop servicing student loans by not renewing its 12 year contract with the U.S. Department of Education. The current contract expires on December 14, 2021. Here’s what borrowers need to know about this change: FedLoan Servicing has agreed

Starting in March 2020, federal student loan payments have been temporarily halted for millions of borrowers in the United States due to the Covid-19 pandemic. On Inauguration Day, President Joe Biden extended this student loan relief, including temporary student loan forbearance for federal student loans. This executive order does not cover private student loans. The

Despite its importance, saving for retirement is not always easy. Even if you save a portion of your salary each year for retirement, there is more that can be done. You may find yourself feeling behind and needing to catch up to achieve your retirement goals, as do 52 percent of American workers.    

A portion of Biden’s American Rescue Plan, which was enacted in March 2021, to support American families and businesses through the coronavirus pandemic, has been allocated to the Homeowner Assistance Fund (HAF). Millions of Americans are still at risk for the foreclosure of their homes due to economic implications of the pandemic. The Homeowner Assistance

As an employee in any industry, it is important to know about the most common investment vehicle for Americans: 401(k) accounts. Having basic knowledge on this savings tool can make all the difference when it comes to your retirement.     Knowing the maximum annual contributions to a 401(k) plan is important. Employees can choose

The American Families Plan (AFP) proposal would use $1.8 trillion in new spending on education and family programs. About $661 billion in additional taxes on higher income individuals and businesses like Partnerships, Sole Proprietorships, and S Corporations. Our current tax system would change and become more progressive than under current law, with higher marginal tax

Deciding when it is best to retire can feel like a daunting and overwhelming decision. The answer depends on your needs and circumstances, including how extensively you have planned for retirement, how much you have saved, your health and whether you enjoy your job. Here are some factors to consider when deciding whether to retire

An increasing number of American adults over 55 are carrying a significant amount of debt (excluding mortgage payments). According to research collected by the Employee Benefit Research Institute, the share of households headed by someone 55 or older with debt increased from 53.8% in 1992 to 68.4% in 2019. The years immediately prior to retirement