Listen up, parents! This is important. I’m sure there are days when you feel like you’re just barely getting by. Days (and nights!) filled with diaper changes, meal preparation, and errands centered around the care of your children.
Read MoreMarket uncertainty appears to be the breaking news this morning, as the United Kingdom (UK) voted to “leave” the European Union (EU), more commonly known as the “Brexit”.
Read MoreIn most cases, divorce is one of the hardest trials one will endure in life. People become emotionally charged, even devastated. In that state, it is hard to think through the logistics of what needs to be done at the onset.
Read MoreWhat is cost basis? Cost basis (sometimes referred to as tax basis) is the original value of an asset for tax purposes. It is usually considered the purchase price, which is adjusted for stock splits, dividends and return of capital distributions.
Read MoreThe cost of nursing home care can wreck havoc on the financial lives of those without the means to pay. And, to the surprise of many, that financial responsibility could even extend to the children of long term care patients.
Read MoreA power of attorney (POA) is a legal form that allows someone to act on your behalf. The person you name to act on your behalf is called your attorney-in-fact. For instance...
Read MoreThere seems to be an insurance for every situation these days. Believe aliens will invade earth one day? Farmers Insurance offers coverage in the event of a UFO crash. If you are a celebrity, you may want to insure a famous asset of yours, like Julia Roberts’ smile, for example. These are some unusual insurance situations, but you should know about the most common, and more practical, insurances available.
Read MoreA financial plan can mean different things to different people. Someone may be seeking advice related to saving and investing, life insurance or college funding.
Read MoreThe CERTIFIED FINANCIAL PLANNER™ designation is a professional designation for financial planners issued by the Certified Financial Planner Board of Standards.
Read MoreWhen it comes to selecting a financial advisor, being picky is not pretentious. Alongside choosing a career path, it’s one of the most influential financial decisions you’ll possibly ever make.
Read MoreConsider your credit score a letter grade based solely on one report – your credit report. There are three national credit bureaus – Equifax, Experian and TransUnion.
Read MoreOne of the most common cyber threats to the financial sector is a targeted phishing e-mail. These emails contain an infected attached file or a link to an infected website.
Read MorePerhaps you have a friend or know someone who has asked you to co-sign for a loan. Or maybe you’ve heard from your friend or acquaintance stories about a co-signing situation going terribly wrong. I’m not saying co-signing a loan for someone always goes badly, it just has the potential. Before you co-sign on a loan, understand what you’re doing and the risks involved of doing so. Co-signing on a loan means you are legally obligated for the loan and its payments. If the initial borrower defaults or decides not to make payments for any reason, you as the co-signer are then obligated to pay.
If a friend or family member is coming to you in need of a co-signer, this should be a red flag because it means they were not able to get approved for the loan on their own. Often lenders require a co-signer on a loan when the prospective borrower has insufficient income to afford the loan payments, does not have a sufficient credit history, or has a history of late or missing payments.
If you decide to move forward and co-sign on the loan, understand the loan will now show up on your credit report and will affect your credit score. If the initial borrower is late or misses a payment, this will negatively affect your credit score too because the loan shows in your credit history as your own.
Before co-signing on a loan for anyone, make sure you are in the appropriate financial situation to take on the debt payments if the original borrower can’t make the payments.
- Content Written by Elizabeth Braden, Worley Erhart-Graves Financial Advisors
Across the state of Indiana lies many hidden treasures that are waiting to be explored! Below are just a few that we found needed to be mentioned.
Read MoreWhether you’re trying to save money for retirement, an upcoming vacation, or just to cut back on spending, listed are six things to do that don’t require spending any money. Enjoy!
Read MoreIt’s no secret flying can be expensive. It’s why so many people choose to sign up for a frequent flyer program.
Read MoreBudgeting is one of those things we all know we should be doing, but the thought and process can often sound overwhelming.
Read MoreAbout eight in 10 U.S. tax filers receive a tax refund every year, with the average amount paid over the past few years equaling around $2,800; according to recent IRS data.
Read MoreQuestion: “Are there better ways to save for college than a 529 plan?”
When it comes to buying a car, haggling for a deal may sound uncomfortable and unnecessary, but it could be a huge difference in savings. Below are some tips to help make your car buying experience more cost-effective!
Read More3500 DePauw Boulevard, Suite 1035
Pyramid One, Third Floor
Indianapolis, IN 46268
317.872.5090
855.872.5090 Toll Free
317.872.5095 Fax
WEBSITE BY I/S +
