Explorez tous les épisodes du podcast Student Loan Planner
| Titre | Date | Durée | |
|---|---|---|---|
| 5 Wealth Killers in America | 30 Aug 2024 | 00:42:56 | |
From mounting credit card and auto loan debt to the less obvious pitfalls of inflation and misguided investment choices, Meagan McGuire and Sim Terwilliger unpack the five financial traps they see student loan borrowers falling into. In today's episode: 01:41 Credit card debt, average balances by generation, and the best defense against growing balances
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| Bad Student Loan Vibes | 27 Aug 2024 | 00:15:18 | |
As legal battles unfold, student loan borrowers face a wave of uncertainty. In this episode, I'll break down the latest developments from the 8th Circuit Court and explore how their recent rulings could impact the future of student loan forgiveness plans like Saving on a Valuable Education (SAVE). In today's episode: 02:33 The 8th Circuit Court's decision to halt the 400-page SAVE plan Like the show? There are several ways you can help!
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| The Portfolio that Fell Out of a Coconut Tree | 23 Aug 2024 | 00:31:59 | |
Ever wondered how politicians invest? Join me and special guest Meagan McGuire as we discuss the portfolios of Vice President Kamala Harris and other political figures. We'll explore the importance of a balanced portfolio and share our personal experiences on the value of seeking professional advice. In today's episode: 03:33 Kamala Harris's portfolio that Meagan calls "vanilla boringness" Link mentioned:
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| What is the Student Loan Opt Out? | 20 Aug 2024 | 00:14:01 | |
The latest on the Biden administration's student loan cancellation program includes opt-out provisions that have left many scratching their heads. I'll cover that and explain the legal back-and-forth and endless policy changes of student loan repayment, so you don't have to feel so alone.
In today's episode:
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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! | |||
| How to Switch Jobs with Student Loans | 13 Aug 2024 | 00:36:06 | |
Switching jobs is about more than employee benefits and compensation packages when you're a student loan borrower. Student loan advisors Connor Pierce and Jake Courtney explore how federal student loans can adapt to income changes, making them less stressful when contemplating career moves or starting a business. In today's episode: (06:10) Analyze Public Service Loan Forgiveness (PSLF) vs. private employer repayment options (13:29) Calculate hourly pay rate to assess commuting worth (20:27) Before you switch, check your vesting schedule (27:36) COBRA coverage and why it might be better than an ACA plan
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| Why Pre-COVID Student Loan Rules Are Back (For Now) | 06 Aug 2024 | 00:13:57 | |
The labyrinth of pre-COVID student loan rules are making a dramatic return. I'll explore the Biden administration's key regulations impacting Public Service Loan Forgiveness (PSLF) and income-driven repayment (IDR) plans, the legal battles putting these changes on ice, and what it means for borrowers caught in the middle. In today's episode:
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| The IDR Recertification Time Bomb is Coming | 03 Sep 2024 | 00:16:45 | |
With recertification deadlines for income-driven repayment (IDR) plans being pushed back repeatedly, there's a growing concern that borrowers may be hit with unexpectedly high payments once these delays finally end. This situation is creating what I call the "IDR recertification time bomb." In today's episode: 03:37 Payments could skyrocket to 10 or even 20 times their current amount Like the show? There are several ways you can help!
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| How Tax Advantaged Accounts Help Student Loan Borrowers | 06 Sep 2024 | 00:47:04 | |
Learn how to lower your taxable income and reduce student loan payments by optimizing pretax benefits like 401(k)s, IRAs, Health Savings Accounts (HSAs), Flexible Spending Accounts (FSAs), and more. Financial experts Meagan McGuire and Connor Pierce guide you through these valuable strategies.
In today's episode:
09:18 Strategies for maximizing retirement savings as a sole proprietor 16:49 How to reimburse medical expenses from previous years tax-free 26:07 Why a Roth IRA may be a smart choice for a lower-income tax strategy 34:05 The benefits of filing a tax extension to keep your student loan payment low
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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! | |||
| Contingency Plans for Your Student Loan Plan | 10 Sep 2024 | 00:42:38 | |
Worried about changes to your student loan payments? It could happen if the Saving on a Valuable Education (SAVE) plan is repealed. Student loan experts Megan McGuire and Sim Terwilliger share how they're advising clients to rethink their repayment approach. In today's episode: 05:24 Parent PLUS loan borrowers need a plan B and plan C 13:44 Fill out a forbearance application to postpone or reduce student loan payments 24:07 Monthly income-driven repayments (IDR) can spike if you don't update your income 31:49 PSLF buyback can give you credit for months that didn't qualify before
Link mentioned:
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| Are You On Track to Become a Millionaire? | 13 Sep 2024 | 00:33:57 | |
Find out where you stand financially and if you're on track to become a millionaire.
Financial experts Meagan McGuire and Sim Terwilliger explain how to evaluate savings strategies, balance debt with investments, and avoid overspending. You'll also learn how understanding opportunity costs can help shape smarter financial decisions.
In today's episode:
06:16 Calculate your current standard of living to estimate retirement expenses 16:03 Front-load retirement savings early in your career 21:45 Compare interest rates to prioritize debt repayment or investing 32:36 Use Investor.gov's calculator to see where you're at on your savings journey
Link mentioned:
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| How Did Student Loans Become So Political? | 17 Sep 2024 | 00:37:00 | |
Student loan forgiveness has been a political hot potato for years, and recent moves by the Biden administration have reignited fierce debates. I'm breaking down the political chess game behind these battles and where things might go from here. In today's episode: 09:24 Regulations unintentionally increased debt balances for borrowers
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| The Huge Problem of Payment Caps | 24 Sep 2024 | 00:16:41 | |
Payment caps aren't something most borrowers think about, but they can have a huge impact on anyone using an income-driven repayment (IDR) plan. With ongoing court battles that could reshape repayment options, it's more important than ever to understand what payment caps are, how they work, and why they could mean massive shifts in how borrowers handle their payments and pursue forgiveness.
In today's episode:
01:03 How payment caps work under Saving on a Valuable Education (SAVE), Income-Based repayment (IBR) and Pay As You Earn (PAYE) 06:44 What happens if you can't get on the income-based repayment plan? 11:51 Did the Biden administration's handling of SAVE create more challenges for borrowers? 13:53 The final outcome hinges on Trump or Harris administration decisions
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| Friends Don't Let Friends Skip Leg Day: Finance Edition | 20 Sep 2024 | 00:43:52 | |
Just like physical fitness, financial fitness is key to a healthy life. Discover how personalized financial goals, like a tailored workout plan, can help you build a strong foundation with smart cash flow management, debt control, and a solid emergency savings strategy. In today's episode: 07:41 Cash flow planning makes it easier to balance your income and expenses
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| 12 Steps to Go From Debt-Depressed to Financially Fabulous | 27 Sep 2024 | 00:54:22 | |
Balancing student loans and other financial goals can feel overwhelming, but it's absolutely achievable. We'll guide you through prioritizing your financial goals, from paying off debt to creating a solid foundation with brokerage accounts, retirement planning, and tax strategies for long-term success.
In today's episode:
04:40 Start by building an emergency fund (step 1), making the most of your employer benefits (step 2), and paying off high-interest debt (step 3) 10:48 Next, invest in a brokerage account (step 4), increase your emergency savings (step 5), and secure disability insurance (step 6) 21:53 Max out your health savings or flexible spending accounts (step 7), contribute the maximum to your 401(k), 403(b), or 457 (step 8), and ensure you have life insurance (step 9) 39:56 Finally, contribute the maximum to your Roth IRA, or consider a backdoor Roth IRA if you don't qualify (step 10), grow your brokerage account (step 11), and plan for long-term goals (step 12)
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| IDR Application is Live Again: What Should You Do? | 08 Oct 2024 | 00:41:33 | |
After months of waiting, the Income-Driven Repayment (IDR) application is live again! But with all the changes, options, and deadlines, where do you start? Learn the steps you should take if you're considering switching repayment plans, the implications for Public Service Loan Forgiveness (PSLF), and how to navigate the updated requirements for loan consolidations and recertifications. In today's episode: 4:37 Application processing, clarifying recertification, and the PSLF buyback Like the show? There are several ways you can help!
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| I'm the Problem: A Convo About Behavioral Finance | 04 Oct 2024 | 00:44:54 | |
We're getting honest about how we can unknowingly sabotage our financial success. We'll break down common behavioral traps like holding onto investments because we've already put money into them (hello, sunk cost fallacy), making decisions based on recent trends (that's recency bias), and following the crowd just because everyone else is (herd mentality). When we can recognize these behaviors, we can stop being the problem and start making better choices with our money. In today's episode: 11:31 A super-easy way to track financial progress
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| Massive Q&A (Listener Mailbag) | 01 Oct 2024 | 00:50:54 | |
Tackling the real issues you're facing and answering a lot of listener questions that have come in about student loans. We'll chat about the impact of possible political changes on loan forgiveness programs, share tips on managing your loans during servicer transitions, and give advice on everything from autopay issues to whether you should buy property in Hawaii. In today's episode: 00:38 Parent PLUS loan consolidation, Public Service Loan Forgiveness (PSLF), marriage and student loans Like the show? There are several ways you can help!
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| What Is the Internet Saying About $$: Reddit Reactions | 11 Oct 2024 | 00:45:58 | |
Reddit is a valuable yet risky source of information for student loans. Listen in to get actionable advice for real-life scenarios as we react to what people are saying about money online. In today's episode: 10:43 Navigating private loan lawsuits, bankruptcies, and strategic defaults
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| The Worst-Case Scenario with SAVE Lawsuits | 15 Oct 2024 | 00:21:54 | |
Imagine a world where the SAVE plan is struck down by the courts, taking various income-driven repayment (IDR) plans with it and leaving millions of borrowers scrambling. This worst-case scenario could block hundreds of thousands from accessing Public Service Loan Forgiveness (PSLF) and introduce massive complications for those on IDR plans. But don't worry, I'll break down this doomsday scenario, discuss its implications, and offer strategies for how you can best prepare. Highlights from this episode: 02:37 Tougher eligibility for PSLF and income-driven repayment
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| Sleigh Your Spending: 20 Tips to Jingle Your Budget Bells | 18 Oct 2024 | 00:35:40 | |
We're exploring spending and creative shopping tips beyond the age-old advice of setting a holiday budget. Get tips you can actually use to keep your finances in check from Halloween to the new year. In this episode: 01:47 Hidden holiday costs and how to catch up after a really expensive month Links mentioned:
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| Beyond the Paycheck: Navigating the Benefits Buffet! | 25 Oct 2024 | 00:43:50 | |
Think you're making the most of your health benefits? It's open enrollment, and we're decoding everything you need to know, from why HSAs are the most overlooked investment vehicle to the surprising perks hiding in your benefits package. In today's episode: 01:58 Making sense of health insurance HMOs, PPOs, high-deductible health plans, and HSAs
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| New Grad Tips, Recertification Notices, and Possible Loopholes | 22 Oct 2024 | 00:35:09 | |
If you graduated back in May, your student loan grace period is about to expire. Get the inside track to navigate this new financial responsibility and manage recertification details. You'll also find out the latest updates on forbearance options, hear success stories of borrowers who've benefited from payment recalculations and plan switches, and explore possible loopholes that might emerge if SAVE is repealed. In today's episode: 01:37 New grads must decide on loan repayment plans
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| The Court Cases Are Not Looking Good | 29 Oct 2024 | 00:25:24 | |
The SAVE lawsuit hearing did NOT go well for borrowers. What happens if SAVE was ruled to be unconstitutional along with the ICR statute? In this episode, we will share more about the challenges the SAVE plan is facing and what borrowers should consider up ahead. Key moments include 01:30 What are the current SAVE lawsuits?
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| New Kid Starter Kit | 01 Nov 2024 | 00:57:07 | |
Bringing a child into the world is one of life's greatest joys — and one of its biggest financial commitments. With so much to consider, it's easy to feel overwhelmed. Learn real-life insights, personal stories, expert advice and practical tips to help make this transition as smooth as possible. Key moments: 09:13 Health insurance coverage, costs, co-pays and coinsurance explained
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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 Taking Out Loans Was Probably Very Smart | 04 Nov 2024 | 00:16:13 | |
Have you ever wished you could give your debt — and even your degree — back? The weight of student loans is no joke, but returning it won't improve your life. The truth? You're underestimating the position you're in. A professional degree offers more job security, higher income potential, and better protection during economic downturns. Stop beating yourself up and start recognizing the smart financial decisions you've made. In today's episode: 05:04 Your career choice might not impact your happiness as much as you think
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| Filing Taxes Separately Would Cost Me $12,000 | 08 Nov 2024 | 00:45:42 | |
Could your tax filing status save you thousands on student loan payments? You're about to find out. We're discussing how choosing to file jointly or separately can impact your student loan repayment strategy. You'll hear about real-world scenarios, from high-income couples evaluating their tax implications to the strategic benefits of filing separately in community property states. Plus, we'll explore how recent legislative scrutiny on loan repayment plans could affect your financial planning.
From navigating recertification dates to leveraging tax extensions, you'll gain practical insights that could reshape the way you manage your taxes and student loans.
Key moments:
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| The Next 4 Years of Student Loans: Major Changes Are Coming | 12 Nov 2024 | 00:31:59 | |
With Trump's unexpected victory in the popular vote and key swing states, and a likely Republican majority in Congress, significant changes to student loan policies may be on the horizon. We'll look at possible shifts in Public Service Loan Forgiveness (PSLF) that could make it harder to qualify, and the potential elimination of the Saving on a Valuable Education (SAVE) plan. We'll discuss recent court rulings that could reshape repayment strategies, like the 8th Circuit Court decision on the Income-Contingent Repayment (ICR) statute. We'll also touch on political dynamics influencing these changes, including Republican and Democratic strategies, the implications of past proposals like the Prosper Act, and what borrowers need to consider moving forward. Key moments: 04:18 Likely elimination of the SAVE plan — when should you consider switching to a different repayment option?
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| From Coal to Cash: 15 Smart Moves Before the Year Ends | 15 Nov 2024 | 00:28:52 | |
Ready to turn up the heat on your finances before 2024 comes to a close? We've packed this episode with 15 savvy, high-impact financial moves to help you finish the year on top. From maxing out retirement contributions and exploring tax loss harvesting to utilizing backdoor Roth strategies and refinancing high-interest debt, we're covering it all. We'll also discuss year-end must-dos like reviewing your insurance, managing FSA funds, and checking your credit report. Tune in to make the most of the final stretch of 2024 and set yourself up for a strong start in 2025. Key moments: 04:05 Tax-loss harvesting and backdoor Roth IRA can help trim your tax liability Links mentioned:
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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! | |||
| Will Trump Abolish the Department of Education? | 19 Nov 2024 | 00:30:12 | |
It's an unlikely scenario, but the possibility of President Trump abolishing the Department of Education in his second term is a hot topic that's sparked questions and concerns among student loan borrowers. We'll explore what that might mean, unpack the fears and anxieties expressed by our listeners, and provide context around the policy implications. Plus, stick around for our "listener mailbag," where we tackle specific questions and worries that have been pouring into our inboxes. Key moments: 04:31 Republicans' plan is not actually to eliminate the Department of Ed Like the show? There are several ways you can help!
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| Turkey, Tension, and Dodging Drama | 22 Nov 2024 | 00:24:46 | |
The last few weeks have been a lot — election chaos, tensions running high, and now Thanksgiving is knocking on the door. If the thought of sitting at the table with family members who have very different opinions makes you cringe, you're not alone. We've brainstormed tons of fun and unconventional methods to sidestep political tension, avoid unnecessary drama, and maybe even have a little fun. Plus, we'll explore the power of gratitude, the tactical use of distraction, and even a few spicy clap-back comebacks for when things get a bit too heated. Think of it as your guide to surviving the holidays without losing your cool (or your plate of pie). Key moments: (03:16) Turn the table into a stage with over-the-top campaign speeches for the best side dish Like the show? There are several ways you can help!
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| Secret Payment Count Hack, PSLF Troubleshooting and PAYE Rumors | 26 Nov 2024 | 00:33:28 | |
Stuck in holiday traffic? Make the most of your travel time with our curated collection of student loan resources perfect for your commute. We'll explore the latest Pay As You Earn (PAYE) rumors, tackle tricky PSLF payment count challenges, and share a simple yet effective tool to estimate your IDR forgiveness progress while we wait for the Department of Education's much-anticipated tracker. Key moments: 02:41 New resources you'll love: Podcasts for dentists, physicians, and veterinarians Links mentioned:
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| Credit 101: The 30-Minute Guide | 29 Nov 2024 | 00:32:57 | |
| What to Do If You're Really Close to Forgiveness | 03 Dec 2024 | 00:18:41 | |
If you're counting down your final PSLF payments and feeling like you're losing your mind with all the uncertainty, this episode is for you. We'll tackle what's actually worth worrying about when you're close to forgiveness, explore strategies for navigating the final stretch, dig into the PSLF buyback situation, and cover what you need to know about potential new repayment plans and legislative changes on the horizon. Key moments: (01:19) Misinformation about applying for PSLF buyback: What's real and what's noise Like the show? There are several ways you can help!
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| Roth IRA Headaches to Avoid | 06 Dec 2024 | 00:33:30 | |
Roth IRAs are a fantastic tool for building tax-free retirement wealth, but they're not without their pitfalls. Uncover common Roth IRA mistakes, like contributing too much, missing key deadlines, or triggering taxes you didn't expect — and how to avoid them. Already made a misstep? Don't worry. We'll walk you through how to fix these mistakes, from recharacterizing contributions and correcting excess contributions to handling IRS notices.
Key moments:
(04:35) Why a Backdoor Roth IRA might be right for you (and the new 2025 phase-out limits) (10:01) The five steps to completing a Backdoor Roth IRA (16:32) Common Roth IRA mistakes and how to fix them (19:27) The Pro Rata Rule and its potential tax consequences (24:57) Strategies to avoid taxable conversions Like the show? There are several ways you can help!
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| Biden's Mixed Legacy on Student Loans (and What It Means for the Future) | 10 Dec 2024 | 00:34:36 | |
Over the past four years, student loans have been at the center of some of the most dramatic changes we've ever seen — both good and bad. We'll explore the Biden administration's legislative and executive actions, such as making student loan forgiveness tax-free through the American Rescue Plan, the PSLF waiver, and the introduction of the SAVE plan. Along the way, we'll unpack the political pressures Biden faced, comparisons to FDR, and the influence of key players like Senator Warren and Richard Cordray. In addition, we'll examine the political ramifications and speculate about the future of student loan policies under a Republican-controlled government.
Key moments: (06:13) Misrepresented loan repayments paved the way for executive actions (11:01) A once-in-a-generation opportunity to rewrite the social contract (17:57) Why Republicans saw an opening to sue over student loan cancellation (21:13) The SAVE plan's billion-dollar promise — and why it was never realistic (26:08) Are plans in motion to roll back Biden's student loan reforms? What we're hearing Like the show? There are several ways you can help!
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| Exact Language to Get Max PSLF Forgiveness | 17 Dec 2024 | 00:13:09 | |
The PSLF buyback program could be the key to reaching forgiveness faster, but there's a catch. You must use exact language in your reconsideration request, or it won't count. Without it, your request might be dismissed as just an inquiry — seriously. We break down everything you need to know about PSLF buyback, including the steps to get your application right the first time, how this program came to be, and why it's still available despite the SAVE plan injunction. Plus, we'll touch on the importance of keeping an eye on refinancing rates and what to expect if policies shift under a new administration. If you're worried about PSLF or wondering how things might change under a different political landscape, this episode has the answers to help calm your nerves. Key moments: (01:51) The exact steps and language needed to apply for PSLF buyback (05:32) How PSLF buyback could save borrowers a ton of money 07:34) Potential impacts if a Trump administration repeals PSLF buyback or the SAVE plan (11:02) How falling refinancing rates could create new opportunities for borrowers
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| Influenced to be Broke: Social Media Trends that Keep You Poor | 13 Dec 2024 | 00:41:42 | |
Social media is overflowing with flashy trends and hyped-up advice, making it easy to feel like you're missing out. From "get rich quick" schemes to so-called success shortcuts, the constant FOMO can lead to bad financial habits and second-guessing your decisions. We're exposing the trends that claim to help but actually hold you back. Discover how harmful financial behaviors and misleading investment advice can keep you stuck — and learn how to avoid these traps. Tune in for practical tips to cut through the noise and focus on building real, sustainable financial success. Key moments: (01:39) Influencers say "do this," but their success doesn't mean it'll work for you (10:07) Are you falling behind, or is social media making you feel that way? (22:47) Unqualified influencers sell dreams, but they rarely deliver real results (29:53) Hustle culture glamorizes nonstop work but keeps you from what really matters
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| Listener Mailbag: Your Student Loan Questions Answered | 24 Dec 2024 | 00:23:01 | |
This episode is packed with answers to listener questions about student loans. From Public Service Loan Forgiveness rules to spousal consolidation loans, we're covering real-life scenarios that borrowers face every day. Wondering how family size changes affect payments or what to make of new repayment plans? We've got you. Tune in for practical advice, expert tips, and answers to the questions you didn't even know you had. Let's get into it!
Key moments:
(04:07) Tackling spousal consolidation loan headaches and finding a way forward (06:44) Why claiming dependents can impact your loan forgiveness taxes (15:41) Nearing forgiveness? Here's what to know about IBR qualification (18:37) Forbearance confusion: Does processing or administrative forbearance count for PSLF?
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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!
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| Profits Over Patients: How a CEO's Murder United America on Healthcare | 20 Dec 2024 | 00:31:47 | |
The shocking murder of UnitedHealthcare's CEO is a tragic story that highlights deeper issues within the health insurance industry — wealth, greed, inequality, and power dynamics — and raises important questions about the prioritization of profits over patient care. We're taking a closer look at the broader implications of this event and its ties to the systemic challenges healthcare professionals already know too well. Sim Terwilliger, CFP®, CSLP®, joins us and shares a personal connection to the story. We explore the emotions and frustrations it brings up, especially for those working in a system often criticized for putting profit before people. Key moments: (04:35) Unpacking the growing anger toward health insurance companies
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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!
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| Parent PLUS Loophole Closing and Retirement Income Math | 27 Dec 2024 | 00:51:20 | |
The clock is ticking on the double consolidation loophole for Parent PLUS Loans, which closes in July 2025. Learn what this change means, why borrowers must act quickly, and how to make the most of the remaining time. We'll tackle the big questions: Should you file taxes jointly or separately? How do Medicare penalties and student loan repayments overlap? And what strategies can help you maximize income-driven repayment (IDR) plans before the loophole disappears? Jared Costigan, CFP®, CSLP®, a financial planner with the SLP Wealth team, shares expert advice on preserving retirement savings, aligning Social Security with loan repayment, and leveraging Public Service Loan Forgiveness (PSLF). Key moments: (05:16) Parent PLUS debt surged 63% from 2015 to 2022 as the cost of college climbs (9:19) The double consolidation loophole could save you from paying 20% of your retirement income (19:38) Who benefits most from a double consolidation? Borrowers with balances nearing or exceeding their income (27:56) Income planning ties Social Security and loans to retirement timing — don't overlook it (37:32) Filing taxes separately can lower loan payments but may raise Medicare costs Links mentioned:
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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!
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| The PAYE Mess + Are U.S. Stocks About to be Dethroned? | 31 Dec 2024 | 00:21:05 | |
Student loan repayment plans are in chaos. From the PAYE and ICR confusion to the ongoing servicer challenges, borrowers face an overwhelming mess. We break down what's happening, what changes might be coming, and how to stay ahead in an unpredictable system. On the investing side, we're tackling the dominance of U.S. stocks since 2008, asking whether their reign is coming to an end. We'll explore the rise of cryptocurrencies, the risks of betting too heavily on any one market, and why diversification remains critical to long-term financial success. Key moments: (01:23) How reopening the ICR plan lets high-income borrowers qualify for forgiveness and PSLF (03:16) U.S. stocks have outperformed international markets by 3.5x since 2008 (07:23) Bitcoin's wild swings, why it mirrors U.S. stocks but amplifies market moves (11:45) Why investors tend to chase risky stocks and overlook safer opportunities (15:40) The importance of a diversified portfolio for professionals, no matter your student loan debt (16:49) Key investment strategies to prioritize as 2025 approaches
Links mentioned:
Like the show? There are several ways you can help!
Feeling helpless when it comes to your student loans?
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!
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| Buying a Home Without Credit and Avoiding Tax-Time Trouble | 03 Jan 2025 | 00:43:53 | |
Is it possible to buy a home without a credit score? We're joined by special guest Steve Stewart, podcast editor, who shares how he moved his family to Colorado and secured a mortgage without a traditional credit score. Steve, who hasn't opened a credit account since 2008, reveals tools and strategies for documenting payment history, navigating homeownership as a single-income household, and overcoming challenges as a self-employed borrower. We also discuss why the credit scoring system prioritizes debt, how professionals with unconventional financial profiles can still secure a mortgage, and how to handle tax reporting, 1099 forms, and business structuring for freelancers and entrepreneurs.
Key moments: (05:29) The myth that a credit card is safer than a debit card (09:19) Strategies to get a mortgage without a traditional credit score or manual underwriting (21:36) What living without credit means for missing out on card perks (27:13) Simplifying 1099 income reporting and third-party processor confusion
Links mentioned:
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Feeling helpless when it comes to your student loans?
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!
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| The New Student Loan Order + Investment Mistake I Made | 07 Jan 2025 | 00:16:30 | |
We'll look ahead at major changes in student loan repayments under the new Trump administration, with potential IDR recertification deadlines and implications of the 8th Circuit's decisions. Plus, I'll share a personal story about an investment mistake that cost me thousands and tips so that it doesn't happen to you.
Key moments:
(01:28) Student loan collections are restarting: what it means for your credit and forbearance (03:49) What cost basis is (and a personal story about how ignoring it cost me thousands) (09:49) Are AUM fees worth it? Breaking down the math (15:06) Understanding technical investing strategies can give you an edge in wealth-building Like the show? There are several ways you can help!
Feeling helpless when it comes to your student loans?
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!
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| 1099 by Day, W2 by Law: When Your Boss and the State Disagree | 10 Jan 2025 | 00:37:47 | |
What's the real difference between being a 1099 contractor and a W2 employee? And who actually decides which one you are — your employer or state law? Financial planner Kathleen Boyd, CFP®, CSLP®, CBDA, joins us to unpack the distinctions between these classifications and what they mean for your career, finances, and legal obligations. You'll learn the IRS guidelines that determine your status, the pros and cons of each, and how being 1099 or W-2 impacts your retirement savings, tax planning, and benefits like Social Security and Medicare. Plus, we'll discuss unique situations like earning both W-2 and 1099 income from locum tenens work. Key moments: (04:43) Key differences between 1099 contractor income and W-2 employee income (11:16) How IRS rules determine if you're a 1099 contractor or should be classified as W-2 (17:21) The pros and cons of 1099 vs. W-2 status and how they impact your taxes, retirement, and benefits (30:56) What happens when you earn both W-2 and 1099 income as a locum tenens worker?
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| Top 10 Tips to Make 2025 Your Wealthiest Year Yet | 14 Jan 2025 | 00:38:32 | |
If you've been wondering how to level up your finances in 2025, we've got you covered. Discover our top 10 strategies to help grow your wealth, including smart investment moves, must-know insurance tips, and how to recession-proof your finances without losing sleep. But it's not just about numbers. We'll talk about how mental health and money intersect, share some personal stories, and give you real-world advice you can use. If growing your wealth and simplifying your financial life are on your radar for 2025, this episode is a must-listen.
Key moments:
(04:17) Tracking your spending reveals the true story of your finances (10:20) Protect your mental health by embracing where you are, without the pressure to be more (16:50) Avoid costly tax mistakes by understanding cost basis (23:43) Plan for the worst while appreciating the best (balancing gratitude with preparation) (32:47) Understanding your finances is the first step to building a life with purpose and balance
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Feeling helpless when it comes to your student loans?
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! | |||
| Pay Off, Refinance, or Wait It Out? Planning for Post-SAVE Drama | 17 Jan 2025 | 00:27:50 | |
What's next for student loan borrowers in a world of shifting repayment plans and interest rates? Financial planner Sim Terwilliger, CFP®, CSLP®, joins us to break down the potential repeal of the SAVE plan and how it could reshape repayment strategies. We explore why PAYE or IBR might take center stage, when refinancing could make sense, and why it's always a case-by-case decision. If you're PSLF-eligible or unsure how these changes impact your financial future, this episode has the answers you need. Key moments: (01:51) PAYE might be the go-to repayment plan if SAVE is repealed (and we think it will be) Like the show? There are several ways you can help!
Feeling helpless when it comes to your student loans?
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!
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| What Will the GOP Do First on Student Loans? | 21 Jan 2025 | 00:13:45 | |
With a new Trump administration taking office, the next 100 days could shape the future of student loans in America. We're breaking down what we're watching and what these potential changes could mean for borrowers.
Key moments:
(01:06) The GOP's budget reconciliation bill and how it could impact borrowers nationwide (03:46) A closer look at the proposal to end time-based forgiveness and require full repayment of principal plus interest (05:03) How student loans factor into the GOP's proposed spending cuts and what might happen next (10:16) Will the Biden administration's IDR account adjustments survive under GOP leadership?
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Feeling helpless when it comes to your student loans?
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!
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| Homeownership Then vs. Now: Should You Just Rent Instead? | 24 Jan 2025 | 00:32:48 | |
The age-old question of renting versus buying takes center stage in this episode as we explore whether the American dream of homeownership lives up to the hype. Jake Courtney, CFP®, CSLP®, a financial planner with the SLP Wealth dental team, joins us for a lively debate as we dig into the financial and lifestyle factors that go into this decision, bust some common myths, and help you weigh what's right for your situation. In the end, we'll help you decide if buying a home is truly all it's cracked up to be. Key moments: (07:07) The costs of homeownership go beyond the mortgage and include "phantom" expenses you might not expect Links mentioned:
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Feeling helpless when it comes to your student loans?
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!
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| Student Loans in Trump's First Week | 28 Jan 2025 | 00:19:35 | |
The first week of a new administration always brings a flurry of activity, but despite a wave of executive orders, the Trump administration hasn't touched student loans… yet. What does this mean for borrowers? Let's unpack the silence and uncover what this lack of immediate action says about the administration's priorities. If you're curious about policy changes or want to stay ahead of the curve, we break it down in plain terms to help you understand what's happening — and what could be next. Key moments: (01:42) Promises made under the Biden administration might not carry over in a Trump administration (06:59) Borrowers could be asked to restart payments soon, potentially as early as this spring (08:27) Should you get an extension to file your tax return? (10:52) The big legislative focus is what's happening with the reconciliation bill (16:35) We're still waiting for rulings from the 8th Circuit Court. Will they act, or will Trump's team make the call?
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Feeling helpless when it comes to your student loans?
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!
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| What a Decade of Advising Taught Me About People and Money | 31 Jan 2025 | 00:33:48 | |
Personal finance is a journey, and we've spent years guiding clients through its twists and turns. Now, we're sharing the top 10 lessons we've learned — insights that can help you tackle student loans, achieve financial goals, and navigate the emotional side of money. Learn how simplicity can transform your financial plan, why celebrating small wins keeps you on track, and how to stop lifestyle creep before it derails your progress. We'll also cover the smartest way to automate your finances, strategies for handling life's curveballs, and the power of saying no when it really counts. Key moments: (05:23) Money isn't just numbers, financial success is balancing math with behavior Links mentioned:
Like the show? There are several ways you can help!
Feeling helpless when it comes to your student loans?
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!
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