Student Loan Forgiveness Best Practices

Frank Yozwiak

Uncategorized

Key Takeaways: Federal student debt cancellation up to $10,000 ($20,000 for Pell grant recipients) Cancellation limited by income ($125,000 single, $250,000 for married couples) Limited PSLF Waiver ends October 31, 2022; review your eligibility     This past Wednesday, the President announced a student debt cancellation plan. Unfortunately for borrowers hopeful to log in to their … Continued

Educating Heirs on Student Debt

Cameron Hamilton

Atheneum

One of my favorite television shows is Shark Tank, which shows aspiring entrepreneurs pitching their business plans to seasoned investors, the “sharks,” in hopes of an investment.  The sharks use their own money to invest, so they ask tough questions to help evaluate the business’s potential.  Have they demonstrated sales?  How much does it cost … Continued

Student Debt Options for Graduates

Cameron Hamilton

Atheneum

Although a minority of our clients have student debt, those that do not almost always have children or grandchildren planning on attending college.  Costs of college attendance have inflated so fast that we discuss it with parents of newborns. We’re seeing a steady increase of borrowers with six figure debt levels, making student debt repayment … Continued

Managing a Household Allocation

Cameron Hamilton

Atheneum

One of our mantras in planning is to “Know What You Own.”  Peter Lynch popularized this term during his management of a Fidelity mutual fund in the 1980’s, and we think it applies to more than just investments.  Your home, your health insurance, your business, and yes, your investments each have features, risks, and opportunities … Continued

Managing a Household Allocation

Cameron Hamilton

Atheneum

One of our mantras in planning is to “Know What You Own.”  Peter Lynch popularized this term during his management of a Fidelity mutual fund in the 1980’s, and we think it applies to more than just investments.  Your home, your health insurance, your business, and yes, your investments each have features, risks, and opportunities … Continued

Summary of Recent Presidential Memoranda and Executive Orders

Frank Yozwiak

Weekly Update

As we at Ballast have done throughout the year, we want to continue to give updates on some of the goings-on related to the Coronavirus – especially those with financial effect.  In that context, earlier this month, President Trump signed several presidential memoranda and executive orders with the stated goal of providing some economic relief … Continued

How does the recent $2 Trillion stimulus package affect you?

Andy Reynolds

Weekly Update

On Friday, as we finished our week with an office-wide Zoom conference call, I agreed to write the commentary over the weekend on the recently passed $2 Trillion stimulus package, adequately titled The Coronavirus Aid, Relief, and Economic Security Act (The CARES Act). As I sit here late Sunday night, hours into researching and writing … Continued

Items to be Reviewed Amid COVID-19

Frank Yozwiak

Weekly Update

We are living in a different world than we were just two weeks ago. Below, we have laid out several changes and topics that may need to be reviewed more closely given the other changes in our current situation. This is not an exhaustive list, just a few tidbits we thought would be helpful as … Continued

Credit Data Points to Haves & Have-Nots

Cameron Hamilton

Weekly Update

Low mortgage defaults and home equity loans point to strong home ownership Student and auto debt are experiencing increasing default rates Delinquency after-market highs points to lack of market participation We are constantly evaluating data to evaluate the state of our economy and markets, and it’s difficult.  Very rarely do all the lights flash green; … Continued

Significant Legislation Affecting Retirement Savers

Cameron Hamilton

Weekly Update

One day ahead of their holiday recess, Congress passed an appropriations bill that avoided a government shutdown.  Tucked into that bill is a very significant piece of legislation that had sat dormant since June.  The SECURE Act (Setting Every Community Up for Retirement Enhancement) has both a very aspirational name and bipartisan support.  The support … Continued