HOUSING IS LIKELY THE largest monthly expense you're faced with. But some months, rent may not fit into your budget. Could a loan help you manage the expense? Some lenders are offering rent loans, which can help tenants fill the financial gap but may come at a high price. Here's what you need to know about this type of loan. By Jennifer Calonia via U.S. News & World Report with contribution from Luis F. Rosa, CFP® EA.
Honored to be part of the 2019 class of 40 Under 40 from InvestmentNews and sharing the cover with Julia Wiss and Anders Jones. The 40 Under 40 Award is an annual award owned by InvestmentNews, a media company. Individuals may nominate themselves and no fee can be paid to be considered for or receive the 40 Under 40 Award. Minimum qualifying criteria include receiving a nomination for the award, being under the age of 40, and working primarily in the financial advisory industry, Eligibility for the award is determined by accomplishments to date, contribution to the industry, leadership, and promise. For the detailed requirements of the InvestmentNews 40 Under 40 Award, please visit: https://www.investmentnews.com/section/awards-and-recognition/40-under-40
Financial experts say consumers should tread cautiously when using a rewards program for a card that’s designed to help people build credit. By Jacob Passy via MarketWatch with contribution from Luis F. Rosa, CFP® EA.
The older we get, the more complicated our financial situations tend to become. But regardless of how many credit cards, kids, or houses you have, it's best not to operate in excess when it comes to banking. By Tanza Loudenback via Business Insider with contribution fromLuis F. Rosa, CFP® EA
The much-touted overhaul of the nation's tax system has finally all but completed its debut performance, with the vast majority of country having settled up with Uncle Sam by April 15 under the new rules of the road. And the verdict from financial planners on the Tax Cuts and Jobs Act, which went into full effect this year? Well, it's a mixed one. By Scott Van Voorhis via The Street with contribution from Luis F. Rosa, CFP® EA.
Many parents of millennials (ages 25 to 34) are financially supporting their adult kids, paying some or all of their monthly expenses, including groceries, cell phone, and even costs related to owning a car. These parents are also paying for bigger ticket items, such as making rent and mortgage payments and paying down student loans. Roughly a quarter of millennials say they receive financial support rom their parents in these areas, with 13% saying their parents pay all of their rent or mortgage. And 10% of millennials say their parents are shouldering the cost of their student loans. By Megan Leonhardt for CNBC Make It with contribution from Luis F. Rosa, CFP® EA.