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  2. Debt Reduction

Debt Reduction

Is It Time to Refinance?

Submitted by Moneywatch Advisors on July 21st, 2020

Interest rates on mortgages have flopped like a World Cup midfielder since the pandemic hit. According to Bankrate.com, the average rate of the nation’s largest mortgage lenders for 30-year mortgages is 3.15% while the average 15-year rate is 2.75%. So, is now a good time to refinance your current mortgage?

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Don’t Feel Guilty About Your Debt, Take Control

Submitted by Moneywatch Advisors on February 23rd, 2018

 

I have a fond memory of my maternal Grandfather sitting me down soon before I graduated from college and telling me, “Steve, whatever you do, don’t borrow money.” While Grandpa John lived far from an easy life as a dairy farmer in Nebraska, he and his mother did inherit the farm when his father died so he didn’t have to incur debt to get started. Circumstances are just different now. Buying a home or even a car is almost impossible without a mortgage or car loan. According to AARP, larger mortgages, higher student loans and a greater overall comfort with debt than displayed by earlier generations has increased the average debt for households approaching retirement by nearly 160% from 1989 to 2010.

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Should Cal and Rick Pay Down Debt or Save for Retirement?

Submitted by Moneywatch Advisors on October 27th, 2017

There is a natural, and understandable, instinct in most of us to want to pay off our mortgage as soon as possible. In fact, it’s considered a kind of rite of passage. Yep, the missus and I paid off the house and finally have the kids off the payroll, now we can save for our retirement! But, is paying down your house or other debt early really the right thing to do for your long-term best interest?

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May 2017 Newsletter to Clients

Submitted by Moneywatch Advisors on May 3rd, 2017

Enjoy this month’s edition that features an overview on President Trump’s tax plan, stock market performance and our updated Privacy Notice.

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May 2016 Newsletter to Clients

Submitted by Moneywatch Advisors on May 5th, 2016

Enjoy this month’s edition that features an update on the economy, new laws aimed at protecting consumers and their retirement funds, and our updated Privacy Notice.

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  • College Saving
  • Debt Reduction
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