Student Loan Planner

2020 was a strange and unprecedented year for the entire world. But especially for the United States, it seemed like everything that could go wrong went wrong in 2020. And though we have been thoroughly tested, we remain hopeful for a better future. So how can we invest wisely and create wealth despite the commotion in the world around us?   In today’s episode, you'll find out:   If you would have known what would happen, what would you have done differently in 2020? How the Dow Jones performed in lockdown Why successful stock traders often get things wrong What is momentum investing Why past investment performance doesn’t predict future results How undervalued stocks impact investing strategies How interest rates can influence the companies you invest in The role of risk in investing How to balance high growth with the potential of high risk Full show notes at: http://studentloanplanner.com/111 Links mentioned: Six-Figure Debt to Six-Figure Income   Like the show? There are several ways you can help! Subscribe on Apple Podcasts, Spotify or Google Podcasts Leave an honest review on Apple Podcasts  Follow on Facebook, Twitter, or LinkedIn   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

More than half of college attendees in the US take out student loans. Imagine saving your kids from the financial burden of student loans without being super-rich. It’s possible with a 529 plan. In this episode, I talk about 529 plans, how they work and why they’re a smart way to save for you kids’ college education.   In today’s episode, you'll find out:   What a 529 plan is The two types of 529 plans to consider How to save your kids from the burden of student loans How much to save each month to pay for your kids’ college What is a UTMA/UGMA account What tax benefits come with saving with a 529 plan Tax penalties to watch out for with a 529 plan What happens to the money if your kid doesn’t go to college What is the rule of 72 and how it can double your savings Which states allow you to open a 529 plan anywhere What to do before opening a 529 plan Full show notes at: http://studentloanplanner.com/110   Like the show? There are several ways you can help! Subscribe on Apple Podcasts, Spotify or Google Podcasts Leave an honest review on Apple Podcasts  Follow on Facebook, Twitter, or LinkedIn   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

We’ve created over 5,000 custom student loan repayment strategies for clients. In this episode, I’m sharing the best repayment tips by occupation. Find out what most borrowers in your profession do with their student loans and how best to pay them off. In today’s episode, you'll find out: The one repayment strategy people don’t talk about The best student loan tip for physicians How filing taxes can save you money on student loans Why dentist student loan debt varies so much How to make the most money as a veterinarian What’s the best student loan strategy for lawyers Which colleges I think are the most deceptive Why forgiveness makes sense for chiropractors The one forgiveness program teachers shouldn’t use Why psychologists should go after forgiveness How physical therapists should repay their loans Student loan tips for optometrists, social workers and more Full show notes at: http://studentloanplanner.com/109   Like the show? There are several ways you can help! Subscribe on Apple Podcasts, Spotify or Google Podcasts Leave an honest review on Apple Podcasts  Follow on Facebook, Twitter, or LinkedIn   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

One of the most critical decisions you have to make as a student loan borrower is where to live and work. Join me as I talk about how the location you choose greatly influences your income, your costs and the opportunities available to you for paying back your student loans. The key is to optimize your loan plan for what you want and design your student loans around your life goals.   In today’s episode, you'll find out:   How location impacts whether you should refinance The best cities for student loan forgiveness Why living in a big city could cap your income potential Common traits of healthcare professionals earning over $600k Costs that impact profit when you open your own practice How rural areas can increase employee loyalty in your practice Why you can charge more when there’s little competition Whether you should refinance your loans or pursue forgiveness Factors besides student loans that can influence where you chose to live The key to optimizing your loans for what you want How to design your student loans around your life Full show notes at: http://studentloanplanner.com/108   Like the show? There are several ways you can help! Subscribe on Apple Podcasts, Spotify or Google Podcasts Leave an honest review on Apple Podcasts  Follow on Facebook, Twitter, or LinkedIn   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

It doesn't matter how good you are with the sword if you are up against an artillery of guns and other munitions. In the same way, you cannot approach your student loan debt the same way your 60-year-old uncle or your parents approached it. Here’s how to take advantage of the new weapons in the war on student loan debt.   In today’s episode, you'll find out:   How WWI compares to student loan debt today How to make big money as a professional The argument against “suck it up and pay your student debt” The big jump in dental school tuition that’s 55x more than in 1978 Why big incomes aren’t worth the sacrifice Why educational leaders hike up graduate tuition How regulation could stabilize higher education When to know if you should refinance How the refinancing ladder works Where to find the best refinancing bonuses Why forgiveness is a great strategy for borrowers with high debt How much to save if you want to have a comfortable retirement The many strategies, or new weapons, to tackle student loans Full show notes at: http://studentloanplanner.com/107   Like the show? There are several ways you can help! Subscribe on Apple Podcasts, Spotify or Google Podcasts Leave an honest review on Apple Podcasts  Follow on Facebook, Twitter, or LinkedIn   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

Lots of topics to cover in this episode - I answer reader questions about student loan repayment and the best strategies for dental specialists. We also dive into what I think about the chance of Biden forgiving student loan debt and what that could mean for your taxes, and we have an interview with Justin Sloan, CFA, CFP, about asset allocation and the best way to save for retirement.   In today’s episode, you'll find out: Why dental specialists have higher student loan debt than other borrowers How to handle student loan repayment during residency What to do if you didn’t file a tax return because you had $0 income How to make a $0 monthly payment on your student loans during residency Whether REPAYE or PAYE makes more sense for repayment What to do about accrued interest on your student loans When paying extra on your student loans is like throwing money away Why it doesn’t make sense to pay extra toward accrued interest Will Biden cancel some student loan debt Can student debt cancellation be done legislatively What happens if Biden issues an executive order canceling student loan debt Why canceled student loan debt could cost you more money How to best save for retirement The importance of asset allocation and diversifying your savings vehicles Why your 401k isn’t enough How to get financial flexibility when preparing for retirement   Full show notes at: http://studentloanplanner.com/106   Like the show? There are several ways you can help! Subscribe on Apple Podcasts, Spotify or Google Podcasts Leave an honest review on Apple Podcasts  Follow on Facebook, Twitter, or LinkedIn   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

Your student loan balance at the end of your program can balloon more than you thought you’d end up with. Find out how that happens, why I think America’s first $700,000 dental degree is worth it and why your student loan debt doesn’t matter as much as you think.   In today’s episode, you'll find out:   The hidden cost of higher education How tuition inflation impacts students How much accrued interest adds to your loan Why your loans balloon so much while you’re in school How to calculate tuition inflation using the Wayback Machine Lies admissions counselors tell you to convince you to enroll How NYU can charge $700,000 for a 4-year DDS degree Why expensive law schools, medical schools, dental schools and other professional degree programs cost so much How your student loan payment can be the same for $700k and $200k of debt When to look at student loan debt as a tax instead of a debt Why I think the tax bomb will disappear in a few years Loopholes to maximize IDR plans and pay 5% of your income   Full show notes at: http://studentloanplanner.com/105   Like the show? There are several ways you can help! Subscribe on Apple Podcasts, Spotify or Google Podcasts Leave an honest review on Apple Podcasts  Follow on Facebook, Twitter, or LinkedIn   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

If you’re facing a potential salary decrease due to decreasing insurance reimbursement rates, you can start to worry about paying your student loans. In this episode, I talk about steps to take to mitigate the impact and what you can do if you’re in this situation. I also cover lessons you can learn about managing your student loans from Trump’s finances. Find out how to lower your tax liability and save money on your student loans using lessons from Trump’s tax records. In today’s episode, you'll find out: How Medicare reimbursement decreases can impact salaries in healthcare The ripple effect of reimbursement cuts on student loan payments How to deal with salary cuts when you have student loan debt Why I think the tax bomb won’t be a problem because it won’t be collectible How healthcare business owners might be impacted by reimbursement decreases Lessons from Trump’s finances as reported by the New York Times How to reduce your tax liability when the tax bomb comes due Why real estate is a great strategy to lower your tax liability How to get out of paying taxes on the forgiven balance of your student loans The benefits of tax-loss harvesting How to use retirement contributions to lower your tax bill Strategies business-owners can use to decrease their tax liability   Full show notes at: http://studentloanplanner.com/104   Like the show? There are several ways you can help! Subscribe on Apple Podcasts, Spotify or Google Podcasts Leave an honest review on Apple Podcasts  Follow on Facebook, Twitter, or LinkedIn   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

Each state is working to certify the official election results, but we have an apparent winner in President-Elect Joe Biden. Given the history of Obama-Biden student loan policies, it’s likely that we’ll see some progressive changes that could affect the future of student loans. Here are seven things that a Biden administration may try to achieve, and my thoughts on how that could affect the treatment of student loan debt going forward. In today’s episode, you'll find out: What a Biden administration could mean for the future student loans Why Biden might make applying for bankruptcy for student loans easier, and why it doesn’t matter What forgiveness might look like under Biden’s plan for borrowers What a compromised forgiveness expansion might look like Why reducing IDR payments could be bad for everybody How the REPAYE program was born and what that could mean for student loan reform How increasing Pell Grants could be a big win for working class or lower-income families Why eliminating the tax bomb likely won’t happen in the next 4 years How making college free would cause the cost of tuition to skyrocket Why I think Biden’s team grossly underestimated the cost of their student loan plan Will Trump extend the student loan interest and payment freeze When you should refinance your federal loans Whether you should refinance even if your interest is 0%   Full show notes at: http://studentloanplanner.com/103   Like the show? There are several ways you can help! Subscribe on Apple Podcasts, Spotify or Google Podcasts Leave an honest review on Apple Podcasts  Follow on Facebook, Twitter, or LinkedIn   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

People love retirement accounts. If I had a dollar for every time someone got excited about contributing to their backdoor Roth IRA, I would probably be a millionaire. While it’s great energy to have, it’s not that important to your long-term financial future. In this episode, I share my thoughts on why your retirement accounts don’t matter nearly as much as you think. In today’s episode, you'll find out: Reader question: Are student loan repayment grants worth it? Reader question: Two key differences in employer student loan programs Reader question: Can you prepay or make lump sum payments for PSLF? Why backdoor Roth IRAs aren’t as great as you think My shocking confession about backdoor Roth IRAs When retirement accounts actually DO matter Why age 50 is a key milestone in your retirement plans Why retirement accounts can’t help you if you want (or need) to retire early How to use a brokerage account as a financial safety net What to do if you want to be financially independent How low-income individuals can reach early retirement Why you shouldn’t optimize every financial decision   Full show notes at: http://studentloanplanner.com/102   Links mentioned: StudentAid.gov PSLF guidelines Physician on Fire guide to backdoor Roth IRAs
   Like the show? There are several ways you can help! Subscribe on Apple Podcasts, Spotify or Google Podcasts Leave an honest review on Apple Podcasts  Follow on Facebook, Twitter, or LinkedIn   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