"Start where you are with what you have knowing that what you have is plenty enough." /COMPLIANCE:2022-6099/
07/02/2024
Great article…
Boredom is OK! Here are 13 Ways to Help Your Kids Embrace It - Metro Parent It's a normal emotion that can feel icky, but boredom is OK for kids — and even cultivates their creativity. Learn how you can help them foster it.
10/08/2023
Retirement tips: Why we often struggle to pivot from saving to spending Here are some of the experts' greatest tips for a smooth retirement.
Estate planning is important because it allows individuals to ensure that their assets and affairs are managed and distributed according to their wishes after their death. It helps minimize family conflicts, reduces estate taxes, protects beneficiaries, and provides a clear plan for the transfer of wealth and property.
Ever wonder what happens if an individual were to experience a permanent loss of income (primarily death) and still owe student loans?
I asked ChatGPT and "it" gave me this answer:
Student loans do not go away if the borrower passes away. When a borrower dies, their student loans typically become the responsibility of their estate. Here's a general overview of what happens to student loans in the event of the borrower's death:
Federal student loans: If the borrower had federal student loans, such as Direct Loans or Federal Family Education Loans (FFEL), the loans are generally discharged (cancelled) upon the borrower's death. This means that the loans are no longer required to be repaid. However, this discharge only applies to the borrower's federal student loans, not to any loans taken out by co-signers or private lenders.
Private student loans: Private student loans are typically not discharged upon the borrower's death. In most cases, private student loans remain the responsibility of the borrower's estate. The estate may need to use the assets and funds available to settle the outstanding student loan debt.
Co-signed loans: If someone co-signed the student loans, they may become solely responsible for repaying the debt if the borrower passes away. Co-signers are legally obligated to repay the loan if the primary borrower is unable to do so.
It's important to note that the specific rules and policies regarding student loan discharge upon death may vary depending on the country, state/province, and the terms of the loan agreement. It's advisable to review the loan documents, consult with a legal or financial advisor, or contact the loan servicer to understand the specific implications of student loans in the event of the borrower's death.
Just an FYI. I'd love to hear your thoughts.
07/10/2023
Always looking for ways to improve myself and the lives of others 📖
07/09/2023
Find what moves you 💚💛
At age 17, she was rejected from college.
At age 25, her mother died from disease.
At age 26, she moved to Portugal to teach English.
At age 27, she got married.
Her husband abused her. Despite this, her daughter was born.
At age 28, she got divorced and was diagnosed with severe depression.
At age 29, she was a single mother living on welfare.
At age 30, she didn't want to be on this earth.
But, she directed all her passion into doing the one thing she could do better than anyone else.
And that was writing.
At age 31, she finally published her first book.
At age 35, she had released 4 books, and was named Author of the Year.
At age 42, she sold 11 million copies of her new book, on the first day of release.
This woman is J.K. Rowling. Remember how she considered su***de at age 30?
Today, Harry Potter is a global brand worth more than $15 billion dollars.
Never give up. Believe in yourself. Be passionate. Work hard. It’s never too late.
She is J.K. Rowling
06/29/2023
Today’s Lesson: Taxation on Capital Gains -
Big Bro gotta have his cut.
Source: https://www.investopedia.com/terms/c/capital_gains_tax.asp
06/26/2023
Absolutely love this app! Earn cash back by shopping with intention.
ibotta.onelink.me Better than coupons! Earn real cash back on your everyday purchases — in-store and online.
06/08/2023
https://prosperitythinkers.com/whole-life-insurance/banks-buy-life-insurance/
The Banker’s Secret: Why Banks Buy Life Insurance! • Prosperity Thinkers “Do you know where BANKS save THEIR money? The answer might surprise you! It might also cause you to question what you think you know about life insurance!
05/19/2023
A Little-Known College Savings Strategy
05/03/2023
Trying to learn investing basics? One easy way to develop the key behaviors of a savvy investor is to work with a financial professional. I can help. https://bit.ly/3lCvYG7