What to be wary of before taking on private student loans

by Jason Sechrist | Mar 3, 2022 | College Planning

KEY POINTS The $130 billion private student loan market has grown more than 70% over the last decade. Consumer advocates caution that the loans can be pricey with unforgiving terms. Pekic | E+ | Getty Images The $1.7 trillion outstanding federal student loan market...

Here’s what’s new with 401(k) plans this year

by Jason Sechrist | Feb 24, 2022 | Investments, retirement

KEY POINTS A couple of provisions that were in the 2019 Secure Act may become more apparent this year. Other changes to 401(k) plans could be on their way, given the bipartisan support for new retirement legislation in Congress. Contribution limits also are higher for...

Social Security may be a ‘treasure trove’ for you and your family.

by Jason Sechrist | Feb 17, 2022 | Investments

But first you have to navigate some complex rules KEY POINTS You may be overlooking the biggest potential source of funds in your retirement planning. For many people, their lifetime Social Security benefits represent one of their biggest assets. Knowing the ins and...

To make your financial New Year’s resolutions stick,

by Jason Sechrist | Feb 10, 2022 | financial planning, Investments, Money

here’s what you need to do   MilosStankovic | E+ | Getty Images People have the best of intentions. At the start of a new year, millions make resolutions — goals they want to reach throughout the upcoming months. Getting a handle on money issues is usually near the...

Now’s the time to boost 401(k) contributions for 2022

by Jason Sechrist | Feb 3, 2022 | retirement, Taxes

KEY POINTS You can funnel $20,500 into your 401(k) plan for 2022, up from $19,500 from 2021. Boosting your contribution rate now offers more time for growth, and may make it easier to meet yearly goals. But you need to know how your company’s 401(k) match works before...