Student Loan Planner

Travis Hornsby

Travis helps you navigate the insane world of student loans, especially if you owe $20,000 to $1 million. If you've ever spent too much time on the phone with your loan servicer, this is the show for you. Every week we share tips on loan forgiveness, investing, crushing debt, and how to get to financial freedom when you owe more than most people's mortgage. read less

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What Really Happens at a Consultation? The Truth Behind Our Student Loan Advice

What Really Happens at a Consultation? The Truth Behind Our Student Loan Advice

Curious about student loan planning? This episode is packed with real-life scenarios, insider knowledge, and practical advice for your student loan journey. Get insight into ambiguous regulations, servicer misinformation and the impact it has on borrowers from Lauryn Williams, CFP®, CSLP®, AFC®, and Justin Kim-Hummel, former client and integral member of the Student Loan Planner team who brings a wealth of experience from his background in PR, graduate studies, and time working on Capitol Hill. Together, they tackle challenges, answer frequently asked questions, and reveal the dedication and care that goes into every consultation. Learn why this is more than just advice. It's about connecting with experts who genuinely care about your financial well-being and student loan success. In today’s episode, you'll find out: Justin's journey from client to becoming a crucial part of the Student Loan Planner teamFirsthand insight into why many borrowers are dealing with misinformation and lack of clear guidance from loan servicesThe dangers of following bad advice from student loan servicersKey benefits of booking a consultation for personalized advice and savingsHow uncertainty surrounding the election can impact student loan policiesHow to best use the free resources offered by the Student Loan Planner teamHow the Student Loan Planner team uses office hours to manage client questions and concernsWhat kind of post-consultation support you get when implementing your custom planWhat information you'll need to share with a consultant to get the best adviceHow a consult can address the unique financial situations of high earners who may not qualify for forgivenessHow expenses like credit card debt and housing costs factor into student loan repayment optionsThe limitations of giving advice by email and how the customer support team manages expectationsWhy you don't have to turn on your camera during a virtual meeting with a consultantHow long it takes to get a personalized student loan plan Like the show? There are several ways you can help! Follow on Apple Podcasts, Spotify or Amazon MusicLeave an honest review on Apple Podcasts Subscribe to the newsletter Feeling helpless when it comes to your student loans? Try our free student loan calculatorCheck out our refinancing bonuses we negotiatedBook your custom student loan planGet profession-specific financial planning Do you have a question about student loans? Leave us a voicemail here or email us at help@studentloanplanner.com and we might feature it in an upcoming show!

Episodes

What Really Happens at a Consultation? The Truth Behind Our Student Loan Advice

What Really Happens at a Consultation? The Truth Behind Our Student Loan Advice

Curious about student loan planning? This episode is packed with real-life scenarios, insider knowledge, and practical advice for your student loan journey. Get insight into ambiguous regulations, servicer misinformation and the impact it has on borrowers from Lauryn Williams, CFP®, CSLP®, AFC®, and Justin Kim-Hummel, former client and integral member of the Student Loan Planner team who brings a wealth of experience from his background in PR, graduate studies, and time working on Capitol Hill. Together, they tackle challenges, answer frequently asked questions, and reveal the dedication and care that goes into every consultation. Learn why this is more than just advice. It's about connecting with experts who genuinely care about your financial well-being and student loan success. In today’s episode, you'll find out: Justin's journey from client to becoming a crucial part of the Student Loan Planner teamFirsthand insight into why many borrowers are dealing with misinformation and lack of clear guidance from loan servicesThe dangers of following bad advice from student loan servicersKey benefits of booking a consultation for personalized advice and savingsHow uncertainty surrounding the election can impact student loan policiesHow to best use the free resources offered by the Student Loan Planner teamHow the Student Loan Planner team uses office hours to manage client questions and concernsWhat kind of post-consultation support you get when implementing your custom planWhat information you'll need to share with a consultant to get the best adviceHow a consult can address the unique financial situations of high earners who may not qualify for forgivenessHow expenses like credit card debt and housing costs factor into student loan repayment optionsThe limitations of giving advice by email and how the customer support team manages expectationsWhy you don't have to turn on your camera during a virtual meeting with a consultantHow long it takes to get a personalized student loan plan Like the show? There are several ways you can help! Follow on Apple Podcasts, Spotify or Amazon MusicLeave an honest review on Apple Podcasts Subscribe to the newsletter Feeling helpless when it comes to your student loans? Try our free student loan calculatorCheck out our refinancing bonuses we negotiatedBook your custom student loan planGet profession-specific financial planning Do you have a question about student loans? Leave us a voicemail here or email us at help@studentloanplanner.com and we might feature it in an upcoming show!

Double Your Profit, Lower Your Stress

Double Your Profit, Lower Your Stress

Travis shares the best stress reduction strategies out there for current and aspiring business owners. Enroll at https://studentloanplanner.com/profit

Credit Card Mastery: Hacks to Leverage Benefits in Your Favor

Credit Card Mastery: Hacks to Leverage Benefits in Your Favor

Get ready to uncover the myths, master the rewards, and smartly amplify your spending power — all while keeping your finances sharp and your debt strategy on point. Whether you're looking to squeeze every last benefit out of your credit card points, contemplating the right card for your business expenses, or simply looking to use your cards more strategically, this episode is a goldmine. Listen in as Meagan McGuire, ChFC®, CSLP®, and Mary Rush, CFP®, CSLP®, talk tricks, tips, and savvy spending with every swipe. Discover how to make every dollar and every point work harder for you. In today’s episode, you'll find out: How to leverage credit cards and credit card rewards to your advantageAbout the benefits Meagan and Mary have personally enjoyed from credit card rewards programsWhy the common belief that carrying a balance improves your credit score is wrongHow maintaining a low credit utilization rate can benefit your financial healthWhen and how to utilize 0% balance transfer cards to manage debt effectively strategies for using credit cards as budgeting tools, including how to use statement balancesThe perks of cashback vs. niche-specific credit cards and which is best for youWhy credit cards provide better fraud and travel protection than debit cardsMary's strategy for maximizing rewards with travel and cashback credit cardsMeagan's experience with using a credit card for business and the rewards she missed from not using a personal cardDetails on point conversions of airline miles, cashback and reward pointsTips to utilize credit cards for significant expenses like weddings, home improvements or even paying taxes Like the show? There are several ways you can help! Follow on Apple Podcasts, Spotify or Amazon MusicLeave an honest review on Apple Podcasts Subscribe to the newsletter Feeling helpless when it comes to your student loans? Try our free student loan calculatorCheck out our refinancing bonuses we negotiatedBook your custom student loan planGet profession-specific financial planning Do you have a question about student loans? Leave us a voicemail here or email us at help@studentloanplanner.com and we might feature it in an upcoming show!

What Happens After the IDR Waiver?

What Happens After the IDR Waiver?

A timely discussion of what happens as we face down the expiration of the IDR waiver. Will the administration extend it at the last second? We don't know (as of the time of the recording). But one thing is sure: Borrowers can expect seismic shifts as the IDR waiver ends. It's been key to unlocking the forgiveness gates for many, but its flexible counting of nearly any kind of payment toward forgiveness expires at the end of April. We'll recap the IDR waiver and its benefits and explore what happens after the IDR waiver ends. Get clarity about your next steps and the implications of these changes on your student loan repayment journey. In today’s episode, you'll find out: How the end of the IDR waiver impacts borrowers who've been in forbearance or defermentChanges borrowers should prepare for after the IDR waiver expiresHow borrowers with older loans will suffer the biggest consequences as this program endsOptions for maximizing qualifying payment count when consolidating loansConsequences borrowers will face when Pay As You Earn (PAYE) applications closeWhat the precedent of moving borrowers from REPAYE to the SAVE plan means for the future of IDR programsHow to calculate the cost-benefit of married filing separately for taxesTips to navigate the PSLF pause during the transition from MOHELA to the Department of Education What “consolidation Death Valley" is and why it could impact you in May-June 2024Best practices for dealing with the coming uncertainty of student loans Links mentioned: StudentAid.gov Like the show? There are several ways you can help! Follow on Apple Podcasts, Spotify or Amazon MusicLeave an honest review on Apple Podcasts Subscribe to the newsletter Feeling helpless when it comes to your student loans? Try our free student loan calculatorCheck out our refinancing bonuses we negotiatedBook your custom student loan planGet profession-specific financial planning Do you have a question about student loans? Leave us a voicemail here or email us at help@studentloanplanner.com and we might feature it in an upcoming show!

Roth IRA Disasters to Avoid

Roth IRA Disasters to Avoid

Roth IRAs are a highly recommended retirement savings option but it’s not all smooth sailing. Student loan repayment, income limitations, and tax filing status can lead you to treacherous waters. Learn the missteps to avoid and how to correct mistakes before they escalate into hefty fines and taxes. Join student loan advisors Meagan McGuire, ChFC®, CSLP®, Sim Terwilliger, CFP®, CSLP®, and Sam Silberstein, CFP®, CSLP®, and explore contribution deadlines, the pro-rata rule, form 8606, the impact of being in a community property state, and how dual-income households should strategize their student loans and retirement savings. If you’re tired of cookie-cutter advice, you don’t want to miss this episode. In today’s episode, you'll find out: Why lack of profession-specific planning is the biggest mistake you can make in your financial journeyThe impact of the pro-rata rule when converting traditional IRA funds to Roth IRAsWhen to contribute to your Roth IRA to maximize your retirement savingsWhy high-earners might want to contribute to a Roth IRA despite income limitsHow to fix backdoor Roth IRA issues, including tactics for zeroing out accountsThe importance of prioritizing pre-tax savings when you’ve got student loansHow community property states complicate Roth IRAs and what to do about itDodging extra taxes and penalties is possible if you contributed to a Roth by mistakeHow side hustlers and independent contractors can leverage Solo 401(k) plans Why income projections are critical to nail the right contributions and keep the IRS happy Like the show? There are several ways you can help! Follow on Apple Podcasts, Spotify or Amazon MusicLeave an honest review on Apple Podcasts Subscribe to the newsletter Feeling helpless when it comes to your student loans? Try our free student loan calculatorCheck out our refinancing bonuses we negotiatedBook your custom student loan planGet profession-specific financial planning Do you have a question about student loans? Leave us a voicemail here or email us at help@studentloanplanner.com and we might feature it in an upcoming show!

Last Call for the IDR Waiver

Last Call for the IDR Waiver

It's the last call for the IDR waiver (aka IDR account adjustment). If you’ve listened to this podcast, you probably know what it is — but if you're not sure how the IDR waiver could benefit you, or if you have questions about PSLF, loan consolidation, or income recertification, this episode is for you. I’ll take you back to the beginning of the IDR waiver and walk you through it to make sure you get the most benefit before it expires on April 30th. You’ll also hear answers to listener questions about loan forgiveness and repayment plans and get valuable insights into the upcoming changes in consolidation rules. In today’s episode, you'll find out: The final (final) deadline for the IDR waiver and the need for timely actionThe hidden strategy behind introducing the PSLF waiver before the IDR waiverPotential benefits of consolidating student loans and crucial considerations to keep in mindHow the IDR waiver is a game-changer for borrowers with complex loan histories or multiple loansNew options if you’re thinking about loan consolidationA key tip for submitting employer certification forms for PSLF creditWhy brining up the awkward topic of student loans with your friends could benefit you and your peersCommon misconceptions about PSLF and employer certification, including a major myth bustedHow to find the recertification date for IDR and how to recertify income for income-driven repayment plansStrategies for handling recertification and loan consolidation to align with changes in incomeThe role of HR and the cautious approach taken when attesting to employment details for PSLFHow to turn in a new IDR application after loan consolidation Links mentioned: The American Rescue Plan The Department of Education Federal Student Aid Like the show? There are several ways you can help! Follow on Apple Podcasts, Spotify or Amazon MusicLeave an honest review on Apple Podcasts Subscribe to the newsletter Feeling helpless when it comes to your student loans? Try our free student loan calculatorCheck out our refinancing bonuses we negotiatedBook your custom student loan planGet profession-specific financial planning Do you have a question about student loans? Leave us a voicemail here or email us at help@studentloanplanner.com and we might feature it in an upcoming show!

The Dept of Education Shifts PSLF Processing from MOHELA: The Real Reason and Borrower Impact

The Dept of Education Shifts PSLF Processing from MOHELA: The Real Reason and Borrower Impact

The Public Service Loan Forgiveness (PSLF) program is undergoing major changes. The government is taking over processing from MOHELA, and a temporary pause is expected in May and June. How will this affect you? First, don’t panic — PSLF isn’t shutting down. The government is simply pausing processing while they transition everything over. But you’ll want to take a few proactive steps to safeguard your payment count before the transition happens. Listen in as I dissect the real reasons behind these changes. Could it be a strategic move in the future student loan management? Find out how it can impact your forgiveness: Why the Department of Education is hitting the pause button on PSLFWhen to expect service disruption for your student loan managementHow the transition from MOHELA to the government impact PSLF processingThe motivation behind the government’s decision to take PSLF from MOHELAHow the temporary shutdown will affect you, especially if you’re expecting forgiveness in May or JuneImplications of the Department of Education’s plan to centralize PSLF trackingWhat you need to do now to safeguard your payment count Like the show? There are several ways you can help! Follow on Apple Podcasts, Spotify or Amazon MusicLeave an honest review on Apple Podcasts Subscribe to the newsletter Feeling helpless when it comes to your student loans? Try our free student loan calculatorCheck out our refinancing bonuses we negotiatedBook your custom student loan planGet profession-specific financial planning Do you have a question about student loans? Leave us a voicemail here or email us at help@studentloanplanner.com and we might feature it in an upcoming show!

Why Most Borrowers Will Get Forgiveness Now (Even Those With Small Balances)

Why Most Borrowers Will Get Forgiveness Now (Even Those With Small Balances)

It sounds shocking, but it’s a reality we can’t ignore — and this isn’t just about folks burdened with 6-figure student loan debts. Now, even if you have a smaller loan balance, you have a path to student loan forgiveness. It’s the new SAVE repayment plan that’s making it possible. Listen in as we explore key factors shifting borrowers away from repayment toward forgiveness, from the increase in discretionary income allowances to the potential for accelerated forgiveness. You’ll discover the key moves you should consider and why freeing yourself from student loan debt could happen sooner than you think. In today’s episode, you'll find out: Unexpected ways the new SAVE plan is transforming student loan repayment advice for borrowersThe impact of ultra-low interest rates in the early 2000s on student loan repaymentWhy chasing student loan forgiveness is outpacing traditional repayment methodsHow “micro” levels of debt could qualify for quick student loan reliefThe surprising link between debt management and mental healthHow understanding your future stream of earnings can revolutionize your loan strategyBehind-the-scenes political maneuvers shaping the future of your student loansHow to navigate the joint vs. separate tax filing dilemma for couples with student loansCreative tactics for investing in self-care while navigating loan uncertaintyHow to leave a voicemail for the podcast to ask questions about student loans and personal finance Like the show? There are several ways you can help! Follow on Apple Podcasts, Spotify or Amazon MusicLeave an honest review on Apple Podcasts Subscribe to the newsletter Feeling helpless when it comes to your student loans? Try our free student loan calculatorCheck out our refinancing bonuses we negotiatedBook your custom student loan planGet profession-specific financial planning Do you have a question about student loans? Leave us a voicemail here or email us at help@studentloanplanner.com and we might feature it in an upcoming show!

MOhela MO Problems

MOhela MO Problems

To put it bluntly, MOHELA has student loan borrowers jumping through hoops to get things done, and it’s been extremely frustrating. Countless delays and mistakes being made, hours of being on hold or even being hung up on by servicers… the list goes on! In this episode, hosts Sim Terwilliger, CFP®, CSLP®, Sam Silberstein, CFP®, CSLP®, and Ben Lacomis, CSLP® join forces to shine some light on everything MOHELA is doing wrong. You’ll get tips and tricks to protect yourself from their mistakes. You’re not alone in this, folks! Let’s talk about what you can do to get the forgiveness you deserve and avoid falling for MOHELA’s mischief. In today’s episode, you'll find out: Common issues that student loan borrowers are experiencing with MOHELARed flags to look out for if you use MOHELAHow to prevent your PSLF from being reversedTips for ensuring you get the student loan forgiveness you qualify forWhen and why you need to recertify your employment and income verification formsOur shockingly disappointing experiences communicating with MOHELAInsight to getting the most out of your phone call with MOHELAWhen you should file a complaint with the Student Borrower Protection CenterMOHELA delays you should be aware ofHow long does it take for student loans to be forgivenHow to approach filing your taxes amidst student loan forgiveness issues Links mentioned: Student Loan Borrower Protection Center Like the show? There are several ways you can help! Follow on Apple Podcasts, Spotify or Amazon MusicLeave an honest review on Apple Podcasts Subscribe to the newsletter Feeling helpless when it comes to your student loans? Try our free student loan calculatorCheck out our refinancing bonuses we negotiatedBook your custom student loan planGet profession-specific financial planning Do you have a question about student loans? Leave us a voicemail here or email us at help@studentloanplanner.com and we might feature it in an upcoming show!

The Tax Bomb Cliff Is Coming

The Tax Bomb Cliff Is Coming

We’re standing at the edge of a major financial cliff that no one is ready for. Student loan forgiveness is happening at unprecedented rates — $138 billion and counting. Right now, borrowers are enjoying tax-free forgiven student loan debt courtesy of the American Rescue Plan. However, these benefits are set to expire at the end of 2025, leaving borrowers to face a tax cliff with unknown consequences. We’ll explore the legal skirmishes already bubbling, like the Kansas Attorney General’s case against the SAVE plan, and analyzing their impact and preparing for the potential scenarios ahead. I’ll also highlight the vital deadlines you need to know, like the expiring IDR waiver and the barrier to new entrants for the Pay As You Earn plan that’s coming up in July 2024. In today’s episode, you'll find out: How the SAVE plan, IDR waiver and PSLF waiver are helping borrowersThe possibility of court challenges to President Biden’s student loan policiesWhat’s at stake with the coming student loan tax bomb due post-2025Potential cancelation scenarios based on political outcomes as election season heats upDeadlines you can’t miss and their impact on student loan repayment strategiesHow the American Rescue Plan is enabling large-scale loan forgivenessWhat President Biden’s plan is to address the tax bomb cliff in 2025About hardship-based forgiveness and the push for widespread cancelation Like the show? There are several ways you can help! Follow on Apple Podcasts, Spotify or Amazon MusicLeave an honest review on Apple Podcasts Subscribe to the newsletter Feeling helpless when it comes to your student loans? Try our free student loan calculatorCheck out our refinancing bonuses we negotiatedBook your custom student loan planGet profession-specific financial planning Do you have a question about student loans? Leave us a voicemail here or email us at help@studentloanplanner.com and we might feature it in an upcoming show!

You Have a New Job. Now What?

You Have a New Job. Now What?

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 changesWhy you shouldn’t accept being bullied during training or residencyKey factors in job matching for medical professionalsBenefits of income-based student loan payments and the pitfalls of early recertificationEssential insights for loan refinancing and selecting the best payment plansTips for making smart housing choices, like rent vs. buy, during life changesNegotiating techniques beyond salary to yield better benefits and work-life balanceThe impact of gender and non-compete agreements in specialized professionsHow to manage lifestyle inflation and understand consumption smoothingThe role of marginal utility in making financially savvy decisionsThe emotional biases in finance advice from experts like Suze Orman and Dave RamseyHow 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 MusicLeave an honest review on Apple Podcasts Subscribe to the newsletter Feeling helpless when it comes to your student loans? Try our free student loan calculatorCheck out our refinancing bonuses we negotiatedBook your custom student loan planGet profession-specific financial planning Do you have a question about student loans? Leave us a voicemail here or email us at help@studentloanplanner.com and we might feature it in an upcoming show!

Till Debt Do Us Part

Till Debt Do Us Part

Like the show? There are several ways you can help! Follow on Apple Podcasts, Spotify or Amazon MusicLeave an honest review on Apple Podcasts Subscribe to the newsletter Feeling helpless when it comes to your student loans? Try our free student loan calculatorCheck out our refinancing bonuses we negotiatedBook your custom student loan planGet profession-specific financial planning Do you have a question about student loans? Leave us a voicemail here or email us at help@studentloanplanner.com and we might feature it in an upcoming show!

Emergency pod: IDR Recertification Pause Extended

Emergency pod: IDR Recertification Pause Extended

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

Tips I’ve Learned as a Business Owner

Tips I’ve Learned as a Business Owner

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 successWhy focusing on profitability is crucial before scaling upWays to validate your business model without offering discountsWhy barriers, competition, and market availability are key to your business choiceHow regulatory barriers can offer both challenges and benefitsThe importance of identifying specific customer pain points and solving themStrategies to address low reimbursement rates or high service costsThe financial impact and workload considerations when dealing with insurance companiesWhy holding free clinics might be a better strategy than accepting low-paying insuranceThe 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 MusicLeave an honest review on Apple Podcasts Subscribe to the newsletter Feeling helpless when it comes to your student loans? Try our free student loan calculatorCheck out our refinancing bonuses we negotiatedBook your custom student loan planGet profession-specific financial planning Do you have a question about student loans? Leave us a voicemail here or email us at help@studentloanplanner.com and we might feature it in an upcoming show!

Tax FAQs from Student Loan Borrowers

Tax FAQs from Student Loan Borrowers

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 servicesWhen higher CPA fees become worthwhile for complex tax situationsAdvantages of hiring different firms for their practice and personal tax returnsTwo crucial financial moves for low-income earnersHow marriage changes your tax game, tax filing status and student loan paymentsSmart retirement savings strategies that factor in PSLF and employer matchesKey steps for residents to maximize their tax bracket and student loan situationThe secret weapon of the 1040-X form in tax filingsHow to navigate 'married filing separately' in community property statesIf you should link your student loan account to the IRS or manually certify incomeHow tactical contributions to retirement accounts can make a huge difference in your student loan repayment journeyWhy coordinating tax and financial planning teams improves your financial positionPros and cons of filing taxes separately for childless couples with student loansThe 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 MusicLeave an honest review on Apple Podcasts Subscribe to the newsletter Feeling helpless when it comes to your student loans? Try our free student loan calculatorCheck out our refinancing bonuses we negotiatedBook your custom student loan planGet profession-specific financial planning Do you have a question about student loans? Leave us a voicemail here or email us at help@studentloanplanner.com and we might feature it in an upcoming show!

Which Tik Tok Finance Tips Get You Arrested?

Which Tik Tok Finance Tips Get You Arrested?

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 scamsThe exact requirements and documentation for the short-term rental tax loopholeWhy you can’t focus solely on “maximizing wealth”The ins and outs of student loan loopholes and how to avoid pitfallsHow visual effects can skew your perception of financial advice found on social mediaWhy “vanilla” insurance products win out over complex insurance-investment hybridsHow actuaries calculate insurance product profitability and why it favors the companyWhy the allure of low interest rates and novelty causes alternative investments to surgeWhy decisions based on student loan forgiveness programs can be riskyThe real estate loophole to use if one spouse works full time and the other takes on real estate investingThe truth behind the marketing of whole life and universal life insuranceWhy tax-efficient index funds may be a better investment alternativeHow the concept of “infinite banking” could be misleadingWhen borrowing against insurance products might not be the best optionWhy 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 MusicLeave an honest review on Apple Podcasts Subscribe to the newsletter Feeling helpless when it comes to your student loans? Try our free student loan calculatorCheck out our refinancing bonuses we negotiatedBook your custom student loan planGet profession-specific financial planning Do you have a question about student loans? Leave us a voicemail here or email us at help@studentloanplanner.com and we might feature it in an upcoming show!

Financially Undressing: A Talk About Your Debt

Financially Undressing: A Talk About Your Debt

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 goalsHow the pandemic’s inflated car prices are impacting car loans and creditWhat high loan-to-value ratios mean for your credit scoreThe role of credit reports for landlords, jobs, and future debt costsHow car payments can make or break your house hunting journeyA warning to parents about using HELOCs to pay for children’s college costsWhen to use HELOC vs. double consolidation for student loan debtWhat changes borrowers can expect in student loan forgiveness programsWhy math-based strategies like debt avalanche or debt snowball aren’t a slam-dunkThe sneaky language in cosigner agreements and why refinancing is a smart solutionWhat types of debt to prioritize before paying off private student loansHow to get out of default on federal student loansThe secret to leveraging debt to earn money rather than paying it offOptions 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 PodcastsLeave an honest review on Apple Podcasts Subscribe to the newsletter Feeling helpless when it comes to your student loans? Try our free student loan calculatorCheck out our refinancing bonuses we negotiatedBook your custom student loan plan Do you have a question about student loans? Leave us a voicemail here or email us at help@studentloanplanner.com and we might feature it in an upcoming show!

Using Real Estate to Lower Student Loan Payments

Using Real Estate to Lower Student Loan Payments

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 PodcastsLeave an honest review on Apple Podcasts Subscribe to the newsletter Feeling helpless when it comes to your student loans? Try our free student loan calculatorCheck out our refinancing bonuses we negotiatedBook your custom student loan plan Do you have a question about student loans? Leave us a voicemail here or email us at help@studentloanplanner.com and we might feature it in an upcoming show!

Married Filing Separately Traps to Avoid

Married Filing Separately Traps to Avoid

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 incomesHow filing separately affects ACA subsidies and Medicare premiumsThe effect on tax credits and deductions, including those for dependent care and educationChallenges with Roth IRA contributions when filing separately, including backdoor strategiesWhy filing separately is different in common law versus community property statesHow filing separately can interfere with small business deductions and creditsWhy delaying tax filing can save you money on income-driven student loan repaymentsTax consequences for borrowers in loan forgiveness programs when filing separatelyThe cost and benefits of professional tax services combined with financial planningHow 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 PodcastsLeave an honest review on Apple Podcasts Subscribe to the newsletter Feeling helpless when it comes to your student loans? Try our free student loan calculatorCheck out our refinancing bonuses we negotiatedBook your custom student loan plan Do you have a question about student loans? Leave us a voicemail here or email us at help@studentloanplanner.com and we might feature it in an upcoming show!

Timeline and Predictions for Student Loans in 2024

Timeline and Predictions for Student Loans in 2024

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 PodcastsLeave an honest review on Apple Podcasts Subscribe to the newsletter Feeling helpless when it comes to your student loans? Try our free student loan calculatorCheck out our refinancing bonuses we negotiatedBook your custom student loan plan Do you have a question about student loans? Leave us a voicemail here or email us at help@studentloanplanner.com and we might feature it in an upcoming show!