See this article in Bloomberg Businessweek by Karen Weise about the fact that quite a few people (including the borrowers) don’t know as much as they should about Student Loans and other college debt: http://www.businessweek.com/articles/2014-06-05/what-americans-dont-know-about-student-loans-a-lot#r=most I am sure that there is more information available on these loans than it appears from the obvious lack of knowledge people confess to in the post; people are not doing the research, or the counseling available is pretty lacking or not very understandable. People need to know what they are getting into before getting into it! For financial, accounting and tax musings, You can count on us to count for you! Email: bstonercpa@sbcglobal.net Phone: 818-317-6035 Website: www.briantstonercpa.com Android and the IPhone: Has been Featured On https://twitter.com/bstonercpa
CPA Financial Musings: Many want to work in retirement but not full-time
See this article in USA Today by Nanci Hellmich for a look at the new retirement stategy for many: working part time! Most don’t want full-time work, but still want some form of work in retirement: http://www.usatoday.com/story/money/personalfinance/2014/06/04/working-in-retirement/9878831/ I am sure many people are thinking of leaving their primary career (maybe they are sick of that!) and are interested in working at some passion that they believe that they can make money at. The addage of ‘find something you love to do and find a way to get paid doing it!’ would be a great way to put together a post ‘retirement’ career. For financial, accounting and tax musings, You can count on us to count for you! Email: bstonercpa@sbcglobal.net Phone: 818-317-6035 Website: www.briantstonercpa.com Android and the IPhone: Has been Featured On https://twitter.com/bstonercpa
Burbank CPA Financial Musings: Millennials squeezed out of buying a home
Since the real estate crash in 2008 it has been harder for people under 35 to buy a home in a lot of desirable areas. See this article in CNN Money by Les Christie: http://money.cnn.com/2014/06/01/real_estate/millennials-squeezed-out/index.html In addition to student loan debt making it harder to qualify, it is harder to get the twenty percent down payment which will prevent having to pay for private mortgage insurance (PMI) and adding hundreds of dollars to a monthly mortgage payment. There are some plans available for this group, but you have to do your research and shop around. Using a mortgage broker that can shop multiple lenders and find the best deal makes a lot of sense in this situation. For financial, accounting and tax musings, You can count on us to count for you! Email: bstonercpa@sbcglobal.net Phone: 818-317-6035 Website: www.briantstonercpa.com Android and the IPhone: Has been Featured On https://twitter.com/bstonercpa