In some but not all states, if you own real estate when you die, the property will pass to your heirs through the probate process. More than 20 states, however, allow deeds to be registered in transfer-on-death (TOD) form in order to bypass probate.
Students who graduated in May need to start repaying their federal student loans in November. Those who graduated in June need to start repayments in December. That six-month period is a “grace period.” Don't wait for a bill. Repayment delays are NOT excused.
It turns out that there is something about a 401(k) plan that can be easily overlooked -- the interplay between your 401(k) and your W-2. Understanding how this works can give you an edge when saving for retirement.
Recently I met with someone whose 70 year old father had been living beyond his means. The father, a retired businessman, confided to his 40-something son that he had $100,000 of credit card debt that he could not repay. “How could that be?” asked the son. The father answered that he didn’t realize anything was wrong in the beginning and life was procee