Monthly Archives: November 2018

//November

5 Things to Consider Before Resorting to Bankruptcy

No one wants to file for bankruptcy. Yet, there were almost 800,000 total bankruptcy filings in 2016 alone—the vast majority of them by individuals. Even though this process is fairly normalized, it’s not something that you should take lightly. Here are five things you should consider before resorting to bankruptcy. Do You Understand What Bankruptcy Means? There are two main types of bankruptcy for individuals: Chapter 7 and Chapter 13. These two types of filings work a bit differently: Chapter 7 bankruptcy is the most common form of bankruptcy. In this situation, a person’s non-exempt assets are liquidated for cash in order [...]

By |2019-01-15T09:28:37+00:00November 29th, 2018|Debt|1 Comment

Do You Know What Your REAL Risk Tolerance Is?

To say that the markets of the past 2 months have been rough would be an understatement.  In fact it is so much of an "understatement" that I have mentioned it as such for 2 net worth updates in a row, and probably will continue to do so for the upcoming months to come! I know personally my net worth is down tens of thousands of dollars based solely on the winds of the market.  I am very correlated to the market and it has recently made me think about the old saying from Mike Tyson: What is your REAL Risk Tolerance? Investopedia has a [...]

By |2019-01-15T09:26:07+00:00November 23rd, 2018|Investments|0 Comments

Is a College Savings Plan Worth It?

A 529 plan is a tax-advantaged college savings plan designed to encourage saving for future education costs. These plans, legally known as “qualified tuition plans,” are sponsored by states, state agencies, or educational institutions and are authorized by Section 529 of the Internal Revenue Code.The question most people have is, are college savings plans worth it? Benefits of a 529 Plan The reasons many families choose to invest in college funds for their education savings is because of its benefits. The first one is basically that this investment tool was literally made for the purpose of saving for education and for children. [...]

By |2019-01-15T14:18:09+00:00November 21st, 2018|Personal Finance|0 Comments

Simple Tips to Prepare to Move Into Your New Home

If you are preparing to move into a new home, you need to get everything ready. It is easy to overlook the necessary steps to fully prepare for the move and improve your new residence until the last minute. Consider this list to make your new home a safe and welcoming place for you and your family. Review the Quality of the Neighborhood If you are preparing to move, choosing a location for your new home is one of the most important decisions you can make. If you have children moving into the home with you, it is important to explore whether [...]

By |2019-01-15T13:56:55+00:00November 18th, 2018|Personal Finance|0 Comments

Six Attorneys Who Affect Your Finances

At some period in your lifetime, you may need a legal professional to help you with a situation that can affect your finances. The following are some of the types of specialists you may see and how they can affect your income. 1. Civil Attorneys A civil litigation attorney is an attorney who can assist you with things like small claims and evictions. They can help you if you're a property owner who needs to evict someone so that you can get paid. These lawyers can help you with a variety of other situations such as theft to help you get back [...]

By |2019-01-15T13:55:22+00:00November 17th, 2018|Personal Finance|0 Comments