Here is the latest from Finaid.org's Kantrowitz.
Monday, August 16, 2010
Student Loan Debt Exceeds Credit Card Debt
Student loan debt now exceeds credit card debt. Where is the demand going to come from when young people have so much debt? As a general rule he says you should not borrow more than one times your estimated starting salary once you graduate.
Saturday, July 10, 2010
Credit Situation in America
Credit Card Debt: its worse than it looks - Brett Arends WSJ
He discusses how the credit write downs are misleading. Americans are defaulting not saving to pay off debt, and they are staying current on their credit card payments because it is their last source of liquidity to cover their living expenses, so they will do everything in their power to send the minimum payment.
During the first quarter of this year, says the Fed, credit-card balances fell by about $19.5 billion. How much of that was written off? About $18.7 billion, according to data from the Federal Deposit Insurance Corp.
He discusses how the credit write downs are misleading. Americans are defaulting not saving to pay off debt, and they are staying current on their credit card payments because it is their last source of liquidity to cover their living expenses, so they will do everything in their power to send the minimum payment.
Saturday, May 22, 2010
Tuesday, May 11, 2010
To Buy Now or Later
Let's not kid ourselves now is most likely not the time to buy.
Housing Crash Continues by Patrick Killelea
Some are waiting until 2012 or later, here is a recent blog post by Millionaire Mommy that explains her case.
Monday, April 19, 2010
Monday, February 22, 2010
Wednesday, February 17, 2010
The Art of Asset Location
This is a timely topic that does not get enough attention. Putting assets in the right location can dramatically change your after-tax returns. As tax laws are set to change next year consider putting your bonds, REITs, high dividend paying stocks into IRA's, 401k's, and low cost annuities. Put your municipal bonds and tax efficient stocks and stock funds in taxable accounts. Tax rates are near historic lows and we can anticipate rates increasing over the next decade, so now is the time to start building this into your planning.
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