Student Loan Planner

For those of you stepping into new roles, congratulations! This milestone comes with a lot of things to think about, from managing lifestyle inflation to understanding the impact of major purchases on your future. We'll uncover valuable insights on income-based student loan payments, refinancing options, and how to approach big decisions like whether to rent or buy a house. I'll help you unpack the price-to-rent ratio so you can make a well-informed decision based on financial and personal factors. We'll also discuss contract negotiations, gender disparities, non-compete agreements, and the importance of getting the most out of your benefits package.

In today's episode, you'll find out:

• How to use contracts for better severance or negotiation during job changes
• Why you shouldn't accept being bullied during training or residency
• Key factors in job matching for medical professionals
• Benefits of income-based student loan payments and the pitfalls of early recertification
• Essential insights for loan refinancing and selecting the best payment plans
• Tips for making smart housing choices, like rent vs. buy, during life changes
• Negotiating techniques beyond salary to yield better benefits and work-life balance
• The impact of gender and non-compete agreements in specialized professions
• How to manage lifestyle inflation and understand consumption smoothing
• The role of marginal utility in making financially savvy decisions
• The emotional biases in finance advice from experts like Suze Orman and Dave Ramsey
• How to celebrate a job success or career change without sinking your finances

Like the show? There are several ways you can help!

• Follow on Apple Podcasts, Spotify or Amazon Music
• Leave an honest review on Apple Podcasts
• Subscribe to the newsletter

Feeling helpless when it comes to your student loans?

• Try our free student loan calculator
• Check out our refinancing bonuses we negotiated
• Book your custom student loan plan
• Get profession-specific financial planning

Do you have a question about student loans? Leave us a voicemail here or email us at [email protected] and we might feature it in an upcoming show!

Like the show? There are several ways you can help!

• Follow on Apple Podcasts, Spotify or Amazon Music
• Leave an honest review on Apple Podcasts
• Subscribe to the newsletter

Feeling helpless when it comes to your student loans?

• Try our free student loan calculator
• Check out our refinancing bonuses we negotiated
• Book your custom student loan plan
• Get profession-specific financial planning

Do you have a question about student loans? Leave us a voicemail here or email us at [email protected] and we might feature it in an upcoming show!

Deadlines for updating your income and family size information for your IDR plan have been extended to late September 2024, at the earliest.

Are you curious about business ownership? Whether you're just flirting with the idea of starting your venture or already knee-deep in entrepreneurship, this show is packed with actionable advice to help guide your journey. We'll explore why setting boundaries is not just a buzzword but a fundamental practice for any successful business owner. You'll also discover specific strategies to carve out a profitable niche, edge out competition, and utilize barriers to your advantage. But the key takeaway here is that student loan debt shouldn't be a barrier to your dreams. So grab your notepad, and let's jump into the world of business ownership with a clear head and a strategic mindset.

In today's episode, you'll find out:

• How boundaries are a crucial part of business success
• Why focusing on profitability is crucial before scaling up
• Ways to validate your business model without offering discounts
• Why barriers, competition, and market availability are key to your business choice
• How regulatory barriers can offer both challenges and benefits
• The importance of identifying specific customer pain points and solving them
• Strategies to address low reimbursement rates or high service costs
• The financial impact and workload considerations when dealing with insurance companies
• Why holding free clinics might be a better strategy than accepting low-paying insurance
• The best ways to balance family life, retirement, and work fulfillment

Like the show? There are several ways you can help!

• Follow on Apple Podcasts, Spotify or Amazon Music
• Leave an honest review on Apple Podcasts
• Subscribe to the newsletter

Feeling helpless when it comes to your student loans?

• Try our free student loan calculator
• Check out our refinancing bonuses we negotiated
• Book your custom student loan plan
• Get profession-specific financial planning

Do you have a question about student loans? Leave us a voicemail here or email us at [email protected] and we might feature it in an upcoming show!

Tax season got you scratching your head? Let's clear the fog. Join me and Rebecca Bauldauf, CPA, CCFC, from the SLP Wealth tax team, as we navigate the maze of taxes, student loan planning, family dynamics, and long-term financial strategies. Whether you're flying solo or juggling the finances of a growing family, you'll discover actionable tips that could lead to substantial savings, from the ins and outs of tax service fees to strategies for retirement savings and dealing with the IRS. And if you're in search of a long-term financial ally, learn how to find the right tax help that aligns with your goals. Get ready to reshape your financial approach and transform your tax strategy!

In today's episode, you'll find out:

• The hidden impact of commoditized tax prep services
• When higher CPA fees become worthwhile for complex tax situations
• Advantages of hiring different firms for their practice and personal tax returns
• Two crucial financial moves for low-income earners
• How marriage changes your tax game, tax filing status and student loan payments
• Smart retirement savings strategies that factor in PSLF and employer matches
• Key steps for residents to maximize their tax bracket and student loan situation
• The secret weapon of the 1040-X form in tax filings
• How to navigate 'married filing separately' in community property states
• If you should link your student loan account to the IRS or manually certify income
• How tactical contributions to retirement accounts can make a huge difference in your student loan repayment journey
• Why coordinating tax and financial planning teams improves your financial position
• Pros and cons of filing taxes separately for childless couples with student loans
• The importance of long-term tax planning regardless of income level

Like the show? There are several ways you can help!

• Follow on Apple Podcasts, Spotify or Amazon Music
• Leave an honest review on Apple Podcasts
• Subscribe to the newsletter

Feeling helpless when it comes to your student loans?

• Try our free student loan calculator
• Check out our refinancing bonuses we negotiated
• Book your custom student loan plan
• Get profession-specific financial planning

Do you have a question about student loans? Leave us a voicemail here or email us at [email protected] and we might feature it in an upcoming show!

Financial advice has never been more accessible — or more questionable. Are you ready to tackle the truth behind those viral finance hacks you've seen online? The barrage of personal finance advice on platforms like TikTok is a siren song, promising financial security and a life free from money worries. But those tips can affect more than just your wallet. Some might get you a slap on the wrist, while others could land you in legal hot water. Join me as I sift through the noise of self-proclaimed "experts" peddling easy wealth, from misleading tax credit pitches and hazy tax advice to exaggerated real estate loopholes and sketchy investment opportunities. Discover how to distinguish between genuine advice and deceptive, flashy pitches to build a solid financial foundation that can withstand the trends and temptations of our times.

In today's episode, you'll find out:

• How pandemic relief is stretching the IRS too thin, leading to tax fraud and scams
• The exact requirements and documentation for the short-term rental tax loophole
• Why you can't focus solely on "maximizing wealth"
• The ins and outs of student loan loopholes and how to avoid pitfalls
• How visual effects can skew your perception of financial advice found on social media
• Why "vanilla" insurance products win out over complex insurance-investment hybrids
• How actuaries calculate insurance product profitability and why it favors the company
• Why the allure of low interest rates and novelty causes alternative investments to surge
• Why decisions based on student loan forgiveness programs can be risky
• The real estate loophole to use if one spouse works full time and the other takes on real estate investing
• The truth behind the marketing of whole life and universal life insurance
• Why tax-efficient index funds may be a better investment alternative
• How the concept of "infinite banking" could be misleading
• When borrowing against insurance products might not be the best option
• Why the smartest financial move is to verify before you buy

Like the show? There are several ways you can help!

• Follow on Apple Podcasts, Spotify or Amazon Music
• Leave an honest review on Apple Podcasts
• Subscribe to the newsletter

Feeling helpless when it comes to your student loans?

• Try our free student loan calculator
• Check out our refinancing bonuses we negotiated
• Book your custom student loan plan
• Get profession-specific financial planning

Do you have a question about student loans? Leave us a voicemail here or email us at [email protected] and we might feature it in an upcoming show!

Are you ready to strip away the layers of your financial life? We're unbuttoning the secrets of debt management and financial planning. We cover everything from the impact of inflated car prices on credit and the potential risks and benefits of home equity lines of credit (HELOCs) to debt management strategies and the potential tax implications of forgiven debt. Senior Student Loan Advisors Sim Terwilliger, CFP®, CSLP®, and Meagan McGuire, ChFC®, CSLP®, share expert insights on debt consolidation, budgeting for recurring expenses, and the significance of prioritizing mental health while working towards financial goals. Get ready to shed some light on your financial wardrobe with valuable tips to help you become debt-free and financially empowered.

In today's episode, you'll find out:

• The difference between the funnel method and the strainer approach for financial goals
• How the pandemic's inflated car prices are impacting car loans and credit
• What high loan-to-value ratios mean for your credit score
• The role of credit reports for landlords, jobs, and future debt costs
• How car payments can make or break your house hunting journey
• A warning to parents about using HELOCs to pay for children's college costs
• When to use HELOC vs. double consolidation for student loan debt
• What changes borrowers can expect in student loan forgiveness programs
• Why math-based strategies like debt avalanche or debt snowball aren't a slam-dunk
• The sneaky language in cosigner agreements and why refinancing is a smart solution
• What types of debt to prioritize before paying off private student loans
• How to get out of default on federal student loans
• The secret to leveraging debt to earn money rather than paying it off
• Options when dealing with IRS debt and how to balance payment options

Like the show? There are several ways you can help!

• Follow on Apple Podcasts, Spotify or Google Podcasts
• Leave an honest review on Apple Podcasts
• Subscribe to the newsletter

Feeling helpless when it comes to your student loans?

• Try our free student loan calculator
• Check out our refinancing bonuses we negotiated
• Book your custom student loan plan

Do you have a question about student loans? Leave us a voicemail here or email us at [email protected] and we might feature it in an upcoming show!

The world of real estate can feel overwhelming. The rewards can be incredible, but it's a journey filled with highs and lows. Joining me is Student Loan Advisor Rebecca Baldauf, CPA, CCFC, and Senior Student Loan Advisor and partner in SLP Wealth Dan Rooker, CFP®, CSLP®. They're sharing their experiences with multifamily properties, I open up about my challenges with home renovations, and together we're getting real about real estate investment and why you shouldn't let student loans get in your way. You'll learn about savvy tax planning, investment strategies that can make a big difference, and what it takes to get Real Estate Professional Status. Whether you're already dipping your toes in the real estate waters or just real estate-curious, this episode is a fountain of insights, personal stories, and expert advice.

In today's episode, you'll find out:

• Key tax-saving strategies and depreciation tricks in real estate
• How to calculate property depreciation from the purchase price
• Why real estate taxes are different from other investments
• The impact of real estate investment on financial health and lifestyle
• How real estate influences income-driven repayment plans
• Why refinancing real estate in changing market conditions can be a smart move
• What Real Estate Professional Status is and how to get it
• When to use 1031 exchange to defer capital gains tax in real estate
• The good and the bad of investing in owner-occupied properties
• How passive real estate investments like REITs factor into taxes
• Why tax planning is crucial when renting out personal residences
• What bonus depreciation is and how it can help you build wealth

Links mentioned:

• BiggerPockets
• Coach Carson

Like the show? There are several ways you can help!

• Follow on Apple Podcasts, Spotify or Google Podcasts
• Leave an honest review on Apple Podcasts
• Subscribe to the newsletter

Feeling helpless when it comes to your student loans?

• Try our free student loan calculator
• Check out our refinancing bonuses we negotiated
• Book your custom student loan plan

Do you have a question about student loans? Leave us a voicemail here or email us at [email protected] and we might feature it in an upcoming show!

Just in time for tax season, I'm unraveling the complex tax strategy of married filing separately. You might have heard that it's a game-changer, especially for folks with student loans. But it's not at all straightforward. You'll learn the dos and don'ts, and I'll uncover tips to help you avoid costly mistakes and even find some savings along the way. We'll talk about everything from how your and your spouse's income can play a huge role to unexpected losses like tax credits and deductions. Also, if you're juggling things like adoption expenses, dependent care credits, or figuring out the best way to handle your retirement contributions, I've got you covered. Student loan borrowers on an IDR plan, don't miss the best tip: find out how delaying your tax filing just might be in your best interest.

In today's episode, you'll find out:

• Why married filing separately might lead to higher taxes, especially with uneven incomes
• How filing separately affects ACA subsidies and Medicare premiums
• The effect on tax credits and deductions, including those for dependent care and education
• Challenges with Roth IRA contributions when filing separately, including backdoor strategies
• Why filing separately is different in common law versus community property states
• How filing separately can interfere with small business deductions and credits
• Why delaying tax filing can save you money on income-driven student loan repayments
• Tax consequences for borrowers in loan forgiveness programs when filing separately
• The cost and benefits of professional tax services combined with financial planning
• How inaccurate income reporting can leave you vulnerable to audits and penalties

Links mentioned:

Get profession-specific tax help with SLP Wealth

Like the show? There are several ways you can help!

• Follow on Apple Podcasts, Spotify or Google Podcasts
• Leave an honest review on Apple Podcasts
• Subscribe to the newsletter

Feeling helpless when it comes to your student loans?

• Try our free student loan calculator
• Check out our refinancing bonuses we negotiated
• Book your custom student loan plan

Do you have a question about student loans? Leave us a voicemail here or email us at [email protected] and we might feature it in an upcoming show!

Get a sneak peek into what lies ahead in the world of student loans in 2024 as I discuss upcoming changes, potential scenarios and strategies you need to know. You'll learn about administrative forbearance, income-driven recertification, the influence of the 2024 presidential election, and policy changes that could significantly impact you as a student loan borrower. There are many ways to save money right now on payments. So, if you want to stay ahead of the game, buckle up and get ready for an episode packed with valuable student loan insights.

In today's episode, you'll find out:

• About the widespread impact of the current administrative forbearance on over 3.5 million people

• How the administrative forbearance is causing a political stir between Democrats and Republicans

• The challenges arising from policies announced through press releases instead of legislation

• How the 2024 presidential election might reshape student loan policies

• Whether the administrative forbearance is likely to conclude in early 2024

• The implications of income-driven recertification before March 2024

• How to get a refund for payments made during the forbearance period

• Strategies for lowering payments by self-certifying income until October 2024

• What the expiration of the IDR waiver means for borrowers

• How the new SAVE plan will alter payment plan rules

• The ripple effect of these changes on employers and personal finance strategies

• The potential for new cancellation rules and their impact on borrowers

• Consequences for borrowers with loans from 2007 to 2014 due to phased-out payment plans

• Proactive strategies for saving money as a student loan borrower

Like the show? There are several ways you can help!

• Follow on Apple Podcasts, Spotify or Google Podcasts
• Leave an honest review on Apple Podcasts
• Subscribe to the newsletter

Feeling helpless when it comes to your student loans?

• Try our free student loan calculator
• Check out our refinancing bonuses we negotiated
• Book your custom student loan plan

Do you have a question about student loans? Leave us a voicemail here or email us at [email protected] and we might feature it in an upcoming show!