tag / Debt
What in the World Is a QPLO? A Qualified Plan Loan Offset (QPLO) is one of the most misunderstood mechanics in retirement planning, largely because it sits at the intersection of 401(k) loan rules, job transitions, and tax reporting, and most people only ever learned the old version of how this worked....
In America, value is often discarded long before it’s actually gone. Cars are the clearest example. Most vehicles aren’t replaced because they’re unsafe, unreliable, or unusable. They’re replaced because the body style changed, the tech feels dated, warranties expire, or expectations reset. The car didn’t fail — the story around the car...
When confronting the complexities in life, just as in mathematics; always remember to break the problem down to the simplest terms then solve. When the pandemic initially hit, we were in the midst of focusing our energy on servicing and paying off our remaining student loan debts and mortgage on...
My daughter has just received her first debit card. She is only 8. Additionally, she has her own brokerage, and savings account to complement her debit card which is attached directly to her checking account. She is the first of my four children to begin her financial journey in life,...
If you’re like the vast majority of people in this world at some point you will need financial assistance in the form of a loan to help you get through some of life’s challenges such as buying a home, financing a car, financing furniture, financing trips, financing education etc. Typically,...
It has been a long time since I have contributed to the blog. I’ve declared today to be the day that I get back to it, and pen today’s post that will be focused on managing your liabilities and daily costs. Many personal finance writers will focus on cutting that...
“Debit or Credit?” is the question that you hear when you go to checkout at your favorite store, but what is credit, and how do you get it? I’d like to think of credit as a contract of trust that you have with another entity. Credit is a relationship, but...
