When planning for retirement, there can be a lot of uncertainty. After all, you never know what the future may hold — tax rates included. Fortunately, there are ways you…
Read More Once we assess the debt you have and how your assets are invested we can help you create a plan to tackle this. There are many things one can do to rectify this situation. Interest rates are at all time lows. Many people own a home they can refi and pull money out at all time low rates to pay off higher interest rate debt. Also as long as your under the limit the debt on your primary home is deductible. Others move balances from card to card taking advantage of their low rates as they work on paying them off. Many other people get really clever when it comes to loans by choosing and Interest only loan. These loans are not good for those who intend to stay in their homes forever and want to pay them off but it’s a great way to buy a home and pay a lot less monthly. What’s also interesting is that if the home goes up in value you get all the gains just by owning the home, paying it down doesn’t change the appreciation on your investment.