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  • The Difference Between a 529 Plan and Coverdell ESA

    The Difference Between a 529 Plan and Coverdell ESA

    It’s spring! I’ve just gotten a substantial tax return this year and I’ve decided to use some of the money to kickstart my kid’s college savings. Now I’m faced with a decision: Where should I put that money? Options vary depending on our family’s income and our family’s needs, but the two most popular options…
  • Purchasing Fractional Shares of Stock

    Purchasing Fractional Shares of Stock

    Once you take care of some of the financial basics, such as reducing bad debt, starting a retirement account, and saving up an emergency fund, it is a natural progression to start thinking about making your money work for you with investments. Of course, there are tons of different types of investments, but…
  • Setting Yearly Financial Goals

    Setting Yearly Financial Goals

    The beginning of the year naturally puts many of us into a reflective headspace. We think back over memories we have made, accomplishments we have celebrated, and obstacles we have overcome. This is also the perfect time of year to reflect on our finances. Did we accomplish goals we set for last year? Did we…
  • What Is a Debt-to-Income Ratio?

    What Is a Debt-to-Income Ratio?

    What Does Debt-To-Income Mean?
    Debt-to-income is a ratio that weighs how much debt you have in relation to your gross monthly income. Lenders use this ratio when they are deciding whether or not to approve someone for credit. To calculate your DTI (debt-to-income) ratio, add up all your recurring debt (loans, credit cards,…
  • Reviewing Your Credit Report

    Reviewing Your Credit Report

    Your credit report is one of the most important pieces of your financial history. It shows prospective lenders what type of debt you already have, what loans you’ve applied for, and your repayment history. Sometimes errors can appear on your credit report and if they aren’t fixed, they can damage your financial health. Therefore, it’s…
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