Five key credentials to seek in a financial adviser:
1) A decade of the right experience
2) A clean record
3) A transparent fee structure
4) A CFP, CFA or CPA designation
5) Good references
Learn more about what these mean on kiplinger.com.
Signs It’s Time to Fire Your Financial Adviser:
1) You’re off track: Meet face-to-face with your adviser annually for a checkup.
2) He speaks in gobbledygook: If you don’t understand your adviser, that’s a sign he may not be a good fit for you.
3) Your needs change: If your adviser’s realm of expertise doesn’t match your needs, consider finding one whose specialty does.
4) He’s just not into you: You should expect a certain level of attention.
5) You’re just not into him: Sometimes you simply don’t connect. That’s a problem.
What You Should Know About Student Loan Forgiveness Programs
Two-thirds of students who receive bachelor’s degrees leave college with debt in tow. Worried about how much you’ll owe Uncle Sam after graduation? Loan forgiveness programs may help. Here’s what you should know:
1) There are two broad categories of loan-forgiveness programs.
2) You can double dip.
3) Only federal loans are eligible for forgiveness in most of these programs.
4) You should apply early.
5) It’s a big commitment.
6) Yes, you’ll earn a salary.
7) There’s no partial credit.
8) You’ll pay taxes on the loan forgiveness awards.
9) You may not get accepted.
For more details, check this out on Kiplinger.com.
Seven Ways to Save Money on Concerts, Sports and More:
1) Listen to music for free.
2) Volunteer as an usher.
3) Check out campus offerings.
4) Visit the library.
5) Take advantage of credit card perks.
6) Get deals on unsold tickets.
7) Join AAA.
Tuesday Talkback: Do you rent or buy?
Happy Tuesday, Tumblr! (Or tornado Tuesday, if you live in the D.C. area, where we’ve been getting crazy weather warnings all day.)
Some of you may have seen the interesting Trulia report that came out last week, announcing that it’s now officially cheaper to buy than rent in every major metro area in the U.S. So my question for you today is — do you rent or buy, and why?
I’ll go first: I rent a small basement apartment in Washington D.C., which is probably flooding even as I type. I know buying would build equity and qualify me for some handy tax deductions, but I’m not sure I’ll live here long enough to make it worth the cost. (And the cost itself is also a factor, of course.)
What about you?