Think Beyond Income When Deciding To Relocate

Reese_BoxRecently, my family sold our home, packed up, and moved across the country. Our decision to relocate was pretty simple: My husband was offered a full-time job teaching at a Penn State campus -- a step up from working as an adjunct. Because my income, earned by working from home, wasn’t affected by the move, it made the decision that much easier. As easy as the decision to relocate was for us, though, I know that it involves careful thought for others. Deciding to relocate should not just be about whether or not you will have a higher income (although that is a prime factor). Before you decide to move somewhere new, here are ... KEEP READING

iQuantifi Connects Banks and Credit Unions to a New Demographic: Millennials

NASHVILLE, TN, October 22, 2014  -- iQuantifi, the first virtual financial advisor to provide comprehensive, goal-based planning advice to millennials and young families, announced today that their cloud-based platform is now available to financial institutions. iQuantifi is a low-cost, turnkey solution that provides banks, credit unions and other financial institutions the opportunity to reach the underserved millennial demographic, offering them automated and personalized financial advice via an intuitive, web-based advisor. Praised for its engaging user interface at the FinovateFall 2014 conference in New York, iQuantifi's unique algorithmic engine provides a real-time, dynamic, digital financial planning experience for millennial users, a demographic that has been slow to embrace traditional brick-and-mortar banks. The iQuantifi platform offers personalized, sound advice that adapts to a millennial's changing financial situation, allowing them to meet both short and long-term financial goals. "Record numbers of college graduates are starting their professional life with a tremendous amount of ... KEEP READING

Looking for a Car? Come prepared

carblogHas the time come for you to buy a new car? While the car doesn’t actually have to be new, it is still new to you. The new car market is heating up, especially as the new model years are flooding the market. Used cars are still in great demand, which is slowly driving up their prices. With so much selection and information, it can be hard to pinpoint what you need to do when buying a car. Here are some pointers to help you along in the process.

Research

No matter if you plan on buying a new or used car, research is paramount to getting the best ... KEEP READING

Should You Rent or Buy?

infographics_buy_rentThe “American dream” sure has changed over the years. Buying a home used to be an almost guaranteed right-of-passage into adulthood, but these days people are delaying homeownership for a number of reasons including the rising home prices that have made renting more attractive. When considering whether you should rent a property or buy a house, there are a lot of things you must take into account.

Pros of Renting

-  Renting offers more flexibility and freedom. Most places have a set-term lease between 6 and 18 months, but others have month-to-month contracts. When are you are nearing the end of your lease term it is your ... KEEP READING

How to Financially Protect Your Family

ProtectyourfamilyimageWhen you have a family, whether just you and your spouse or with children, one of your main priorities is to protect them. Many think of protecting their family physically, but financially is just as important. If you are the main breadwinner in your family, then financial security is a cornerstone of protection. Here are four ways you can financially protect your family.

Life Insurance

Life insurance is essential for protecting your family. Life insurance offers benefits when the insured passes away. There are a few types of life insurance, but the most popular and most affordable is term life insurance. You can get quality coverage for much less than $... KEEP READING

Life Insurance 101

insuranceAs we grow older, get married, and start a family, our priorities shift.  We are no longer just responsible for our own well-being.  We are also responsible for our spouses and our children. Often we overlook how to best protect our family because we are focused on producing income to manage day to day life. One priority which should take center stage is how to protect your family when you are gone. This is done through obtaining life insurance. Life insurance is a contract between the insured (you) and the insurer (insurance company). The insurer promises to pay the beneficiaries (your family) a designated sum of money, called a death benefit, upon the death of the insured.  ... KEEP READING

What to Know When Applying for a Mortgage

mortgageblogpicSo, you are looking at becoming a homeowner? Besides the excitement surrounding buying a home, this will be the largest purchase you ever make.  As with any large purchase, patience and understanding should play a vital role in your decision. Unless you are paying cash, you will be required to obtain a home mortgage. With so many options, it can be stressful to understand all the aspects of applying for a mortgage. Stepping back and making sure you are getting and paying what you want is the most important aspect of buying a home.

Shop the Rate

You might be tempted to drive down to your local bank ... KEEP READING

5 Tips for Improving Your Credit Score

Credit-ScoreBlog ImageThese days, our credit scores are the most important 3 digit numbers we’ll ever come across. They help us to make large purchases, start businesses; in some cases, our credit scores help us get the job of our dreams. Unfortunately, they can work the other way as well. Poor credit scores can stop you from getting that car or that house; even stop you from landing that awesome job. So, if you currently have less than perfect scores, chances are, you want to increase them. The only problem is that most people simply don’t know where to start. Here are a few pointers for you… Step #1: Take A Look At Your Credit ... KEEP READING

College Savings SMACKDOWN: 529 vs. UTMA

infographics_529If you are like 45% of American families saving for college, you might be doing it wrong. A recent stat suggesting that almost a majority of American families saving for college are using a standard savings account is enough to make a trained financial advisor scratch his head in dismay. You may have your reasons for selecting an account with a return (on average) of 0.5% annually, but you should be aware of some alternatives. Especially if your child is young and your focus is on saving for their future.

529 Plan

If you know ... KEEP READING

Who’s Your Advisor

By definition, an advisor is someone that provides advice. Thus, a financial advisor would be someone that provides financial advice. Unfortunately, this definition would include just about anyone that has an opinion on money or investing. Friends, family and all the rest of the talking heads out there telling you what to do with your money are included. As you can see, the problem with the term “advisor” is that anyone that gives advice can be considered one.financial-advisor-kid The challenge you and many young families have is that you need more than advice. It’s not about a hot stock tip or what type of mortgage you select. It’s about your entire financial life and everything ... KEEP READING