Living with Student Loans Archives

The Best Retirement Plan for College Students

If you are a current college student, putting some money in a Roth IRA has some major advantages.

Student loan borrowers can take away many valuable lessons from the Covid-19 pandemic as they make future plans for their student debt.

Debt from student loans can be overwhelming. Celebrating smaller milestones can provide the push you need to become debt-free.

Creating a budget is important, but it must be a budget that has staying power. Leaving a little room in your budget for fun is essential.

Even if you have student loan debt, it might make sense to do some investing.

Cosigning loans with your spouse may seem harmless, but doing so can be a huge financial mistake with lasting consequences.

The clear trend shows that the student loan tax bomb probably won’t happen for the borrowers on IDR Plans like IBR, PAYE, and SAVE

Student loan payments from parents or grandparents can trigger an IRS gift tax, but exceptions exist to avoid having to pay any taxes.

The student loan tax bomb may or may not happen. My plan uses a Roth IRA to save for retirement and prepare for big tax bill.