Author: Sum180 Lead Coach
Your first 401(k): 5 tips to jump-start your retirement savings
Posted on Categories Save for retirementLeave a comment on Your first 401(k): 5 tips to jump-start your retirement savingsThinking of starting your first 401(k)? Congratulations! Saving for retirement is a tremendously important step towards securing your financial future. Adopt the following strategy as a young person and stick to it, and you have an excellent chance of getting where you need to go.
Lending Money: should you do it, and if so, how?
Posted on Categories Manage your debt1 Comment on Lending Money: should you do it, and if so, how?If you are in a position to help a friend or family member recover from a financial road bump, great! Here are some guidelines that will help you handle the transaction with grace – including when and how to say “no.”
Refinancing your mortgage: 4 simple steps
Posted on Categories Buy a houseLeave a comment on Refinancing your mortgage: 4 simple stepsIf you’re thinking of refinancing your mortgage, but wondering what’s involved and how to negotiate the best deal as painlessly as possible, here’s what you need to know. Good news: The process is probably simpler than you think.
Car loans: 5 tips for managing car-related debt so you do not overspend
Posted on Categories Manage your debt1 Comment on Car loans: 5 tips for managing car-related debt so you do not overspendThe average cost of a new car tops $30,000. For a used car, the average cost is over $18,000. These aren’t small amounts! So, if you do take out a car loan, be sure to give it the attention it deserves. How do you manage car-related debt as advantageously as possible for your overall financial picture?
Money advice for students heading off to college – and their parents
Posted on Categories Navigate life changesLeave a comment on Money advice for students heading off to college – and their parentsIf you’re a college-bound student, it’s time to start dealing with your money seriously and responsibly. Your future self will thank you!
Your first salary negotiation: 6 tips for twentysomethings
Posted on Categories Navigate life changesLeave a comment on Your first salary negotiation: 6 tips for twentysomethingsDid you know? Not negotiating a fair salary at the beginning of your career is like leaving anywhere between $1 million and $1.5 million on the table in lost earnings over your lifetime.
Should you get long term care insurance?
Posted on Categories Navigate life changes, Save for retirement3 Comments on Should you get long term care insurance?A SUM180 member recently asked us about long term care insurance. “Is it worth it? Couldn’t I just start saving in an IRA or Roth IRA account myself, and eventually use that for long term care?” Here’s how I see it.
5 Ways Women Can Start Building Their Money Despite the Gender Pay Gap
Posted on Categories Grow your savingsLeave a comment on 5 Ways Women Can Start Building Their Money Despite the Gender Pay GapWe must continue to work collectively toward systemic change that addresses the gender pay gap, but every woman must also take individual action to protect her own financial health and that of her family. To women who want to start building a more secure future despite the gender pay gap, I recommend the following steps.
Webcast: The decline in home ownership, and why it matters
Posted on Categories Buy a house, WebcastLeave a comment on Webcast: The decline in home ownership, and why it mattersIn this week’s webcast, we talked about the issue of declining home ownership, why buying a home might be beneficial to you, how much home you can afford, and how to refinance your home to get the best bang for your buck.