Why Women Have a Tougher Road to Retirement
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When it comes to saving and investing, women have a few obstacles working against them:
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Blog
What do Sports and Finance Have in Common?
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If it’s March in Indiana, odds are you’re watching March Madness.
It’s no secret this state loves their basketball teams.
Read MoreWhat I Learned From This Year's Investment Conference
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Having had the opportunity to attend the annual Schwab Impact conference in October, I found it to be invigorating and insightful. Those three days exposed me to a very eclectic range of speakers, from former U.S. Labor Secretary, Robert Reich, to Magic Johnson, who is not only a legend on the court, but a visionary in the business world.
Read MoreHow To Catch-Up Your Retirement Savings at Any Age
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Have you ever felt your retirement savings is a living manifestation of the expression “two steps forward and one step back”? Many have experienced this type of financial anxiety. While you probably feel like throwing in the towel and jumping a plane to Borneo, take heart in knowing it’s never too late!
Read MoreFour Types of Insurance and Why You Need Them
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There 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 MoreHow a Comprehensive Financial Plan Differs From Other Plans
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A 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 MoreWhat Qualities Go Into The CFP® Designation?
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The CERTIFIED FINANCIAL PLANNER™ designation is a professional designation for financial planners issued by the Certified Financial Planner Board of Standards.
Read MoreAsk a Financial Planner: Should You Co-sign On a Loan?
/Perhaps 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
Ask a Financial Planner: College Savings Plans
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Question: “Are there better ways to save for college than a 529 plan?”
New Year! New Look! We Have Rebranded.
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With the end of 2015 in our rear view mirrors, it’s time to look ahead and brighten up our look.
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