Remar's Report

Make 2012 Contributions to or Create an IRA Now—‘Til April 15

March 2013

It may be March 2013, but it is not too late to make a 2012 contribution to your IRA—Individual Retirement Account. If you don’t have an IRA, you can create one now. You have until April 15, 2013, to make 2012 contributions to an existing or new IRA. An IRA provides individuals with a way to save money for retirement and to save on income taxes. Having an IRA can be an important retirement savings tool no matter your age or employment status. Why not take a moment to check out these basics?

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Higher Education Loans—Tips to Minimize Debt

February 2013

College loan debt is a fact of life for many college graduates. It’s important to manage student loan debt both to minimize how much you have to borrow and to repay the loans efficiently.

The average student loan debt for a graduate with a bachelor’s degree in the class of 2011 was $26,600, according to a survey conducted by the Institute for College Access and Success. Approximately two-thirds of students graduated with loan debt. Recent reports from the Federal Reserve estimate that total student loan debt nationally has passed one trillion dollars, more than current national credit card debt.

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Schooling Your Kids in Money Management

January 2013

You talk to your kids about stuff that’s important to their upbringing: wearing a helmet, getting good grades, handling peer pressure, avoiding drug and alcohol abuse.

Yet money management and fiscal responsibility are often absent from the list.

T. Rowe Price released a study in March that found 77% of parents don't always tell their kids the truth about money matters, and nearly a third of parents surveyed said they don't talk to their kids about family finances at all.

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Buying or Refinancing a Home? Tips for Finding the Right Mortgage


With prices for good homes lingering within reasonable ranges, many consumers are considering buying a home. Maybe you are among the potential buyers looking for a first home, thinking about a larger home for a growing family, or planning for a retirement home. With interest rates remaining at low levels, other consumers are considering refinancing their mortgage to reduce payments or, perhaps, to pay off the loan sooner.

 

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Tired of Rising Bank Fees?

Switching Financial Institutions is Worth the Time and Effort

November 2012

Has any financial institution where you keep a checking account been on a “fee-ing frenzy” lately, as BankRate’s latest survey described it?

Recent surveys report significant 2012 increases in many fees related to checking accounts. These include increased minimum balance requirements, ATM fees, and overdraft (NSF) fees. Such increases are a problem because most people manage their daily finances using a checking account and related services including debit cards and online or automatic bill payment. In general, the biggest increases have come from the biggest banks, according to the research.

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Make Medicare Plan Changes Oct. 15 – Dec. 7: What Needs Review?

If you already receive Medicare, then you need to know that the “open enrollment” period when you can make changes for 2018 extends from October 15 to December 7, 2017.

Open enrollment is the annual period when you can make changes to your Medicare plan to better meet your health or financial needs for the coming year. Changes made during this period usually take effect on January 1, 2018.

If you are satisfied that your current plan will meet your needs in 2018, you don’t need to do a thing.

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