Tax Season Is A Perfect Time To Revisit Your Retirement Savings Plan

Don't put it off until tomorrow.
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There are only two more weeks before the April 15 federal income tax filing deadline. Unlike that forgiving professor who accepted your mid-term paper three weeks after spring break, the IRS is no joke. They like deadlines. Even their name strikes fear in the hearts of people. While many of us dread tax time, I would look at it as an opportunity (I’m a glass half full type of guy, if you can’t already tell) to revisit your retirement savings plan.…

I Wasn’t Expecting This Expense

Things happened, that's a given. So make sure as prepared as you can.
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Earlier this month, I received news from back home that my uncle Rafo passed away. When I first heard the news that he was diagnosed with an aggressive brain tumor back in January, I knew that I had to prepare to travel at a moment’s notice since well, la vida es impredecible (Life is unpredictable). I didn’t expect him to leave so soon. I had managed to save up a few bucks but almost not enough.…

One Way To Simplify Student Loan Repayment (That Might Actually Work)

What if your student loan payments were linked to your paychecks?
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Recent graduates face a number of challenges, from landing their first job, to possibly relocating, and learning how to repay student loans. One recent proposal from groups like the National Association of Student Financial Aid Administrators (NASFAA), Young Invincibles, and the New America Foundation aims to make the latter a lot easier—at least for federal student loan borrowers who are just about to enter repayment.…

Scholarship Of The Month: The Congressional Hispanic Caucus Institute Scholarship

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Sometimes a scholarship is worth more than just the cash award. Some scholarship organizations provide their scholarship winners with resources such as internship opportunities, mentoring, and other awesome perks. When you win a scholarship like this, you are winning a supportive network of individuals who will work tirelessly to help you to succeed. For this Scholarship of the Month post I will be highlighting a scholarship organization that provides awesome resources for their winners: The Congressional Hispanic Caucus Institute (CHCI) Scholarship!…

When And How To Apply For College Financial Aid

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Contrary to popular belief, completing the Free Application for Federal Student Aid (FAFSA) does not automatically mean that you’ve applied for financial aid from your college. The FAFSA is how you apply for money from the federal government (and colleges use this information as a part of their award process). However, often you’ll have to complete another separate application in order to be considered for money from your school and/or your state. You do not have to do anything else to be considered for federal financial aid. Make sure that your school’s financial aid office knows that is your intent, otherwise they may think your application is incomplete.…

The Story Of My $3,000 Tank Of Gas

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Next time I ask one of my college-aged kids to fill my car with gas in exchange for borrowing it, I’ll think twice. The other day, one of my three (who shall remain nameless) had a minor scrape in my car by turning too sharply on the way home from filling my tank. What should have cost me about $75 in fuel—and saved me some time on my morning commute the next day—is now a $3000 problem, thanks to a few dents on the side of my car.…

Repayment Estimator: Your New Secret Weapon In The Fight Against Debt

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There are many federal student loan repayment plans to choose from and it can be difficult to pick the right one for you. For example, some offer forgiveness after a certain amount of eligible payments if you qualify, but will you pay more in the long run to get that benefit? How do you know which option is the best fit for your situation?…