The team here at Woodside Wealth consists of avid readers with a particular interest in all things finance. When we see a good article, book, blog, or podcast we want to bring it to your attention. The following are some of our favorites – if they spark an idea or question please feel free to contact us.
Obtaining a graduate degree is a great way to advance one’s career, but the costs associated with it can be very daunting.
Considering an additional $500 per year can become $47,000 in the long run, you may be excited about the new maximum contribution opportunity for 401Ks and IRAs.
In an attempt to attract and retain your professionals, Maine recently instituted a tax credit plan called the Opportunity Maine Tax Credit. The program provides tax credits for student loan payments made by young professionals and recent graduates who live and work in Maine.
The long wait to take distributions from your retirement plan(s) may end sooner than you think.
If you’ve neglected your retirement savings while raising your child(ren) you are not alone. Many parents push off or drastically reduce retirement savings in order to save for their child’s future or cover the extra expenses a child always brings.
In 2007, the Education Department enacted an attractive new way to repay student loans once out of college. This new plan is labeled “income-driven repayment plans.” These plans allow for the college graduate to automatically repay their loans each month using 10% of their discretionary income.