by Tim Schmidt | Oct 16, 2019 | Money Management
An Overview of Cash vs. Mortgage No matter where you look, you’ll hear someone spouting off about the foolishness of carrying debt. So you’ll automatically believe that buying a home using cash is the best way to make this large purchase while preserving your...
by Tim Schmidt | Oct 2, 2019 | Money Management
If you want to avoid having to pay taxes on the distributions in retirement when you have a simplified employee pension individual retirement account, you have the choice of converting it into a Roth IRA. This can be done regardless of having the pension account...
by Tim Schmidt | Aug 8, 2019 | Money Management
Today I’ll share with you the basics of a 529 plan. This plan operates as a savings plan for college that provides specific financial aid and tax related benefits. Many of today’s 529 plans are also used as a way to invest and save money for grade school...
by Tim Schmidt | Aug 3, 2019 | Money Management
Budgeting – it’s one activity that everybody seems to dread. Is budgeting really that bad or does it have a bad reputation? Truth be told, all a budget really is is a plan to manage your finances. That’s not too scary, right? Unfortunately some people see it as a form...
by Tim Schmidt | Jun 27, 2019 | Credit Hacks, Money Management
You’d be shocked at how many people simply don’t understand how credit scores are calculated. There are many factors involved, but by understanding a few of the basics, you can essentially game the system and ensure you are always in a solid standing credit-wise...
by Tim Schmidt | May 20, 2019 | Money Management
A lot of people think that to be considered to have “perfect” credit, you need to have a score of 850. After all, that is the highest credit score possible on the standard range of credit scoring. However, as described in the previous post about the...
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