Some married couples choose to combine all their finances. Others prefer to keep some or all of their accounts separate. But most of the time, married couples file one joint tax return. You don’t have to do it that way, but it usually means you’ll pay less taxes — though not always. Married Filing Separately tax status allows each spouse to file their own tax return and pay their own taxes based … [Read more...] about When Does It Make Sense To Choose “Married Filing Separately” On My Taxes?
student loans
Should I Build Up Savings or Pay Down Debt?
If you're like most Millennials, you have a lot on your plate. (And you're trying to do it all, too!) It's wonderful that you're so driven, but trying to juggle a bunch of financial priorities at once can quickly get complicated. After all, most of us only have so much cash to go around each month. When we're working toward more than one financial goal, how do we know what to put at the top of … [Read more...] about Should I Build Up Savings or Pay Down Debt?
Student Loans: Pay As You Earn, IBR, ICR, PSLF, and OMG This Is Confusing!
Congrats! You just finished college, or grad school, or law school, or business school! Now, it’s time to figure out what student loan program you’re going to choose to pay back your student loans. If you have a reasonable amount of student loans in relation to your income, then you will most likely want to choose the 10 year standard repayment method so that you can pay them off … [Read more...] about Student Loans: Pay As You Earn, IBR, ICR, PSLF, and OMG This Is Confusing!
How to Prioritize Student Loan Debt While Working Towards Other Financial Goals
A common question that is brought up by my Gen Y clients is: what do I do about my student loans? The problem is that there isn’t a simple answer. It really depends on a few things: The amount of student loans in relation to your income; if the loans are public or private; the interest rate on your student loans; and the other goals that you’re trying to achieve. Prioritizing … [Read more...] about How to Prioritize Student Loan Debt While Working Towards Other Financial Goals