If you’re anxious about paying off your student loans, you’re not alone – there are more than 45 million in the United States in the same boat, including 8.5 million people in default. Here are six tips on how you can keep from sinking.
Given all this economic upheaval, it’s understandable if any financial goals you might have set for yourself at year’s end already seem out of reach. Yet despite the current environment of broad market instability and low interest rates, there are several long-term planning opportunities you can take advantage of now. Let’s take a look at some of them.
Here are some suggestions on how you can regain some financial control in these unprecedented times.
The SECURE Act, which took effect at the beginning of this year, was primarily focused on retirement savings, but there was some good news for folks who are saving for their children’s college, too. For families that have taken advantage of 529 Plans, some changes to the rules around these popular college-saving vehicles have now made them more flexible, at least at the federal tax level.
