Finance 101

15-year mortgage vs. 30-year mortgage - How They Affect Your Bottom Line

15-year mortgage vs. 30-year mortgage - How They Affect Your Bottom Line

The purchase of your home could easily be one of the largest transactions you will make in your life.  Buying a home can be an emotional process-- one where you are tempted to think more about what you want right now and therefore lose sight of what is best for you and your family in the long run.  The decision to choose a 15 year mortgage or a 30 year mortgage may end up affecting your personal finances more than any other decision you'll make. Unfortunately, many people don’t look much further than the larger monthly payment of the 15 year mortgage, so they instinctively choose the 30-year mortgage.  This is a decision that can cost them hundreds of thousands of dollars.

What To Do With Your Old 401(k) When You Change Jobs

What To Do With Your Old 401(k) When You Change Jobs

One of the easiest things to overlook during changing of employers is what to do with your old 401(k). And sometimes you get another 401(k) when your company is acquired or merged with another company. And in today’s job market, it’s likely at some point in your working years you are going to have more than a single 401(k). It’s rare an employee spends their entire career at a single company anymore.

Here Is What A Financial Plan Looks Like - Do You Need One?

Here Is What A Financial Plan Looks Like - Do You Need One?

One of the questions we often get is “What does a financial plan look like”? Without actually seeing one, it can be difficult to wrap one’s head around. So look no further than this sample financial plan I completed for Jim and Pam Halpert (of “The Office” fame). While they lived in Pennsylvania for the show, in this plan they are living in Tennessee.