Category: Money Tips

Understanding Mortgage Forbearance (Blog)

Forbearance provides a short-term deferment for mortgage payments. If you’re experiencing any difficulty making your mortgage payments, especially because of COVID-19, emergency forbearance may be a good option for you.  As you’ll see below, there are several considerations to keep in mind.

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Debt Consolidation Vs. Debt Settlement (Blog)

Personal consumer interest rates are very low right now.  This presents an opportunity for many of us to take advantage of refinancing our personal consumer debt, in an effort to obtain a lower interest rate and lower overall payment.  It is common to hear the terms debt consolidation and debt settlement used interchangeably, but they are in fact quite different

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What Should I Do With My Old 401K? (Blog)

It’s very common to wonder what to do with your 401K when you’re switching from one job to another, or as is the case for so many during COVID-19 – when you’ve unfortunately lost your job.  Let’s discuss the 4 general options that you should consider.

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Consequences of Taking Money Out of Your 401K/IRA Because of COVID-19 (Blog)

The Coronavirus Aid, Relief, and Economic Security Act, more commonly know as the CARES Act, is a law intended to address the economic impact of the COVID-19 pandemic in the United States.  The focus for this post will be on how the CARES act impacts withdrawals from 401K and IRA distributions.  In addition to the obvious health concerns related to COVID-19, many Americans have been seriously financially affected.  Perhaps you and/or your significant other have lost your job or taken a significant pay cut.  As a result, you are exploring the option of taking money out of your retirement accounts. In some ways the CARES Act has eased the rules for taking money out of these accounts, but does that mean you should do it? 

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