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Roth or Traditional IRA?

Choosing to save into a Roth IRA or traditional IRA is one of the more daunting retirement savings decisions most people face, but it doesn’t have to be.

Pay Off Debt? Or, Save for Retirement?

According to the Federal Reserve, 35-year-olds have an average student loan debt of $42,600. The increase in college costs and the rising importance of a post-secondary education for improving income are a big part of this. Many surveys conducted in recent years have discovered that Millennials share a resistance to debt, no doubt influenced by coming of age during the dot-com crash of 2001 and housing crisis of 2008. Given this, it’s no wonder we often see that younger people want to pay off debt before they save for retirement.

I Received an Inheritance, Now What? - Parsec Financial

I Received an Inheritance, Now What?

At some point in your life, there is a chance that you will inherit money or assets left from a grandparent, parent, or other family member. When someone that you love passes away, it is an emotional experience and going through the process of inheriting the assets they chose to leave you can add to the rollercoaster of emotions.

Budget Guidelines for the Budgeting Adverse - Parsec Financial

Budget Guidelines for the Budgeting Adverse

A few weeks ago, I had a conversation with a recent college graduate who was preparing to buy his first car. He had an encyclopedic knowledge of every feature and option offered on each car he was considering and yet seemed unsure of the right choice. I asked what was the cause of his indecision and he said, “I know what I earn but I don’t know what I can spend” (did I mention he is a very smart, young man?).

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