401k Basics

401k Basics By Glenn J. Downing, MBA, CFP® & Jonathan G. Cameron, CFP® It used to be the case that you went to work for one employer and remained with that employer for the entirely of your working life.  You received a pension from that employer when you retired – in other words, you continued

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How Do I Improve My FICO Score?

By Jonathan G. Cameron, CFP® An important financial concern that we often hear from clients is, “How can I improve my credit score?” Now, I have to give a quick disclaimer that our company, CameronDowning, is not a credit repair or debt consolidation service. Our goal is to arm you with the education you need

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Student Loan Forgiveness

By Jonathan G. Cameron, CFP. ® As of early 2015, the amount of outstanding student loan debt in the U.S. was up to $1.2 trillion. This is a staggering number! Tens of millions of young professionals in the United States are carrying significant student debt balances. Not only will it take years to pay off many these

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Great Idea! Now What?

The following is a guest blog post by Jason A. Bell. Jason is the founder of Mr. Millennial, a Miami based resource providing #Solutions to organizations that (want to) love Millennials. Jason is equal parts Anthropologist and Marketeer, with a splash of social commentator for good measure. His areas of focus include Millennial employee engagement, corporate

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The Surgeon Who Lost His Fingers

By Jonathan G. Cameron, CFP. ® Nobody wants to plan for a disability. In our experience, clients are more willing to incorporate life insurance into their financial plan than disability insurance, even though they are much more likely to become disabled during their working life. Here are a few key differences between these two types of

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Is a Health Care Flexible Spending Account a Good Idea?

Click here to learn more about CameronDowning. Flexible Spending Accounts (FSAs) With flexible spending accounts (FSAs), you can reduce your tax bill while setting aside money for health care costs. This article considers the pros and cons of FSAs. A flexible spending account (FSA), offered as an elective benefit by many employers, permits workers to

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Are There Disadvantages to Paying off a Home Mortgage Early?

Click here to learn more about CameronDowning. When deciding whether to pay off a mortgage early, a homeowner needs to consider his or her feelings about debt, the potential to earn a higher rate of return if the money were deployed elsewhere, tax savings associated with mortgage interest, future plans, and overall debt load. The

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Top 5 Mistakes People Make With Their Money

By Glenn J. Downing, CFP® Thinking about David Letterman retiring and all those Top Ten lists.  I thought it might be fun to compile one of my own.  To wit: The Top 5 Mistakes People Make With Their Money           This is a list compiled after about 17 years of experience. Mistake #5:  You eat

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How Well Do You Know Your 401(k)?

Click here to learn more about CameronDowning. The old saying “knowledge is power” applies to many situations in life, including retirement planning. The more you know about the benefits your plan offers, the more likely you’ll be to make the most of them and come out ahead financially when it’s time to retire. Here are

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