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Frequently Asked Questions – I'm marrying someone with bad credit. How will this affect me?

August 21, 2012
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Answer:  You are not responsible for your future spouse’s bad credit or debt, unless you choose to take it on by getting a loan together to pay off the debt. However, your future spouse’s credit problems can prevent you from getting credit as a couple after you’re married. Even if you’ve had spotless credit, you…

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What Does the Supreme Court Ruling on the Health-Care Reform Law Mean for You?

July 4, 2012
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On June 28, 2012, the U.S. Supreme Court ruled, in a landmark decision, that the Patient Protection and Affordable Care Act (ACA), including the provision that most Americans carry health insurance or pay a penalty, is constitutional. The ACA, signed into law in 2010, made sweeping reforms to health-care coverage in the United States. Many…

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Are You Sabotaging Your Finances With Your Spouse?

June 11, 2012
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This is a repost of a great article I read this morning.  It is extremely relevant in this day of underwater mortgages and the thought still of, “keeping up with the Jonses.” How Couples Sabotage Their Finances  Simple principles still apply here: Spend less than you make Have a shared financial budget Save in tax…

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Borrowing from Your 401(k)

March 12, 2012
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With the current financial situation, you may be tempted to tap your 401(k). But before you decide to take a plan loan, be sure you understand the financial impact. It’s not as simple as you think. The basics of borrowing A 401(k) plan will usually let you borrow as much as 50% of your vested…

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Should You Pay Off Your Mortgage or Invest?

October 26, 2011
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Owning a home outright is a dream that many Americans share. Having a mortgage can be a huge burden, and paying it off may be the first item on your financial to-do list. But competing with the desire to own your home free and clear is your need to invest for retirement, your child’s college…

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The Impact of a Divorce on Your Finances

November 17, 2010
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Divorce can extract a heavy price — both emotionally and financially. Protecting your financial health during a divorce is crucial. If you and your spouse are headed toward a split, be sure to learn about the laws that shape divorce proceedings and the impact they can have on your assets. Dividing the Assets Typically, everything…

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How Much of a Mortgage Can You Afford?

March 17, 2010
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A mortgage is one element of total household expenses, such as taxes and heating costs, which are likely to increase over time. It’s important to consider increases in household expenses in addition to your mortgage payment. For many households, it’s important to arrive at a monthly mortgage payment that is affordable without financial strain. When…

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