Cash Flow Planning for Life - Helping you reach your personal & professional financial goals.

Cash Flow Planning for Life

Helping you reach your personal & professional financial goals.

What Do You Need to Know About Student Loan Interest?

This is the third installment of Tax Deductions & You: What You Need to Know which can also be downloaded from our free eBook library.

A student loan is designed to help students pay for university or college. It is a calculated amount that should assist with the cost of tuition, books, and living expenses. This loan may differ from other types of loans in that the interest rate may be substantially lower. In addition, the repayment schedule may be deferred while the student is still in education.

Student loan interest is another form of interest that is deductible, but with limitations. These limitations are as follows:

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What You Should Know About Home Equity Loan Interest

This is the second installment of Tax Deductions & You: What You Need to Know which can also be downloaded from our free eBook library.

Any loans that fall under the nondeductible category need to be reviewed along with your cash or equity availability. If possible, they also need to be re-characterized to a deductible form of interest.

An example of this would be having availability on a home equity loan (balance after transfer must be below $100,000) and paying off an auto loan or credit card. This will increase cash flow two fold:

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There are a few things that you can do to…

This is a Bonus Tip to the “3 Tips To Help You Sit Pretty In Retirement” eBook.

…make your retirement planning more stable!

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If you are divorced, your ex-spouse may qualify…

This is the 7th tip in our series entitled “The Nuts & Bolts of Social Security in 7 Easy Tips.”

…for social security benefits on your earnings.

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You may want to know…

This is the 6th tip in our series entitled “The Nuts & Bolts of Social Security in 7 Easy Tips.”

…what exactly the social security death benefits are.

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So you’re still a little confused about…

This is the 5th tip in our series entitled “The Nuts & Bolts of Social Security in 7 Easy Tips.”

…your social security planning?

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Over the last few blog posts, I’ve reviewed important year-end information for you.   Now we’re back to our “Nuts & Bolts of Social Security” blog series…

Social security benefits may be taxable…

This is the 4th tip in our series entitled: “The Nuts & Bolts of Social Security in 7 Easy Tips.”

…based on your modified adjusted gross income.

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While working in retirement is becoming more common…

This is the 3rd tip in our series entitled “The Nuts & Bolts of Social Security in 7 Easy Tips.”

…be aware that earnings above certain limits will reduce future benefits until you reach full retirement age.

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Deciding when to begin receiving social security benefits

This is the 2nd tip in our series entitled “The Nuts & Bolts of Social Security in 7 Easy Tips.”

can be a complex decision that shouldn’t be taken lightly.

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Knowing your full retirement age is the first step…

This is the 1st tip in our series entitled “The Nuts & Bolts of Social Security in 7 Easy Tips.”

…in planning when to start receiving your social security benefits.

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