Remar's Report

Saving for College? Consider a 529 Plan’s Benefits

July 2013

Saving for higher education is cheaper than borrowing for it, no matter what loan interest rates do in the future. That’s true whether you are saving for a child, a grandchild, a relative, a friend or even yourself. State-administered 529 savings plans offer a number of useful benefits. Let’s take a look.


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What Insurance Do You Need at Each Life Stage?

Starting Out, Building a Family, Established, Retirement

June 2013

Having the right insurance can help protect you, your family and your property against unexpected and potentially financially disastrous events. When a major problem strikes—for instance, an auto accident occurs, an illness or accident involves you or a family member, a storm hits your home—having the right insurance can protect your from major financial loss and often lower emotional stress.

Insurance needs aren’t static, however. As your life and that of your family changes over time, insurance needs also change. This reports profiles some important points and questions to consider for each important type of insurance at various life stages. We’ll look at auto, health, home, life and other types of insurance.

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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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