Market Update for June

From the Office of Tom Martin, Wealth Advisor | Find a Masterclass Greetings friends, This has been an interesting year, hasn’t it? The stock market hasn’t been fun at all over the past few months. I feel it’s something that we should talk about as there are a lot of “other things” going on behind […]

Income-Based Repayment (IBR) Guide

Income-Based Repayment (IBR) is one of the most widely available and use income-driven repayment plan options offered by the U.S. Department of Education. It is designed for borrowers with higher federal student loan balances, as compared to their income.  Here’s what you should understand about IBR, and when you might lose the option to switch […]

Are You Financially Ready to Retire?

Looking forward to retirement is something that many of us get excited about. We anticipate spending more time with family and on our hobbies, volunteering, or even traveling the world. Even still, in today’s environment, being financially prepared for retirement and feeling ready to retire are two separate things. So, whether you’re early on in […]

Episode #1 – 5 Biggest Financial Mistakes College-Bound Families Make

In case you didn’t know it, college is expensive. It just is. With college costing between $25,000 to $100,000 a year (for most families), mistakes can be quite costly. As a financial planner who specializes in college and student loan analysis, mistakes can cost tens of thousands of dollars. Attending the wrong school for your […]

The Economy – May Update

“Transitory” is out, “expeditious” is in. As most investors expected, the Fed raised short-term interest rates by half a percentage point (50 basis points) earlier today

Public Service Loan Forgiveness (PSLF) in 5 Easy Steps

Public Service Loan Forgiveness or “PSLF” is a federal program that promises to discharge your federal student loan balance after making 120 qualifying payments while working for a qualifying not-for-profit, government, state, or tribal organization. It’s a fantastic program; unfortunately, very few people get approved. According to the Department of Education, 91% of PSLF applicants […]

What is Temporary Expanded Public Service Loan Forgiveness?

In 2007, Congress created the original Public Service Loan Forgiveness (PSLF) program to incentivize college and university graduates to enter less lucrative public service jobs —particularly in health care and education.1 The general idea behind the Public Service Loan Forgiveness (PSLF) is that borrowers would get their remaining balance forgiven (tax-free) after they: made 120 […]

<strong>How the CARES Act Helps Healthcare Professionals with Student Loans</strong>

The Coronavirus Aid, Relief, and Economic Security (CARES) Act is a $2 Trillion COVID-19 stimulus package. Let’s go over how the CARES Act helps physicians and other healthcare professionals with their student loans because they provide benefits. How the CARES Act helps doctors with student loans Unfortunately, the CARES Act only benefits student loan borrowers […]

Revised Pay As You Earn (REPAYE) Guide

Revised Pay As You Earn (REPAYE) is one of the many income-driven repayment plan options offered by the U.S. Department of Education to help manage student loan payments.1 While REPAYE is useful in keeping payments low and maximizing federal student loan forgiveness, there are some aspects to the program we should discuss because they could […]