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Should I save or pay off my student loan?

Should I save or pay off my student loan?

by John | Mar 29, 2018 | Debt, Financial Education & Coaching, Personal Finance, Q and A | 0 comments

Q. Should I pay off my student loan with my savings, or accumulate $5,000 to invest while making minimum payments on my student loans? I am employed and I have budgeted to save a small amount every month. I’m wondering if I should use my savings to pay off my...
Can I afford to finance a used car purchase?

Can I afford to finance a used car purchase?

by John | Mar 27, 2018 | Debt, Financial Education & Coaching, Q and A | 0 comments

Q. Can I afford to finance a used car and make total car payments of $400 per month with my current monthly expenses? I currently drive a 2005 Scion at 118,000 miles. It is valued between $1,600 and $2,000. I’m considering selling it, even though I will lose...
What do I do with my 401k while I’m unemployed?

What do I do with my 401k while I’m unemployed?

by John | Mar 22, 2018 | Financial Education & Coaching, Personal Finance, Q and A | 0 comments

Q. I’m unemployed but I have $20,000 in a 401(k) from a previous employer; what should I do with this amount so that it still experiences growth? I have $20,000 in a 401(k) from a previous employer. I’m currently in between jobs. What do you recommend that I do...
Should we buy a house for only four or five years?

Should we buy a house for only four or five years?

by John | Mar 20, 2018 | Financial Education & Coaching, Personal Finance, Q and A | 0 comments

Q.  Is it a sound financial decision to buy a house that you will only live in for four to five years? My husband and I have no debt. I am 25 years and he is 27 years old. We currently have about $70,000 saved between our investment account and a money market savings...
Do I pay capital gains on inherited property?

Do I pay capital gains on inherited property?

by John | Mar 13, 2018 | Personal Finance, Q and A | 0 comments

Q. Do I have to pay capital gains tax on inherited property? My sisters and I inherited our family home in 1989. They have been living in the home since then. We now want to sell. Will we need to pay capital gains tax on the difference from what the house was worth in...
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