Confessions of a mortgage broker

A must read! Chronicles the career of a conflicted mortgage broker.  This comical and tragic account explains the whole amazing subprime catastrophe through the story of one man.  Mortgage brokers dominated the lending industry for 25 years before succumbing to the lure of ever riskier products… Continue reading “Confessions of a mortgage broker”

Do you have a tax summary?

Do you know what the new tax rates are for 2011 or how they effect you?

One of the valued services we provide at TRI Financial group for our clients is a tax summary. It gives you a snapshot of your current income, tax bracket, deductions and more. To see an example click this [download id=”16″]. To receive your free tax summary contact us for a free consultation.

*The tax summary is for informational purposes only and does not constitute tax advice. Please seek the advice of a tax professional.

School Counselors & Advice: What can go wrong

*FREE MP3 & PDF Report* A recently released study by Public Agenda illustrates what can go wrong when there are not enough school counselors to support students …. The result, as this study confirms, is a significantly decreased ability of school counselors to work individually with students in navigating the complex financial aid and college admission process.

ASCA Response to Public Agenda Report

Listen to rebroadcast of radio show interview on what can go wrong with school counselors here.

Download FREE PDF report “Can I Get A Little Advice Here?”. [download id=”13″]

A recently released study by Public Agenda illustrates what can go wrong when there are not enough school counselors to support students and when school counselors are placed in positions preventing them from performing the functions they were trained and hired to do. Although the American School Counselor Association, the American Counseling Association, the American Psychological Association, the American Medical Association and other organizations recommend a pupil-to-school-counselor ratio of 250-to-1, the national average is 460 students to one school counselor, with some school districts as high as 1,000-to-1.

The result, as this study confirms, is a significantly decreased ability of school counselors to work individually with students in navigating the complex financial aid and college admission process.

In addition, as the study notes, school counselors are increasingly called on to do work outside of their mission, including: “discipline issues and sorting out scheduling and other administrative mix-ups with the high school.”

ASCA agrees with many of the conclusions of the Public Agenda study: more school counselors are needed, and existing school counselors should not be overloaded with non-counseling duties preventing them from spending time successfully guiding students to academic success and postsecondary education. ASCA works closely with school administrators, professional school counselors and the colleges that train school counselors to ensure the highest level of professionalism, but the burden on even the best school counselors has obvious implications for their ability to help students.

ASCA believes the findings of this study can serve as a wake-up call that could bring about substantial and needed changes. The study points out that “young people who characterized their interactions with counselors as anonymous and unhelpful were less likely to go directly from high school into a postsecondary program.” Therefore, strong relationships between school counselors and students can lead to more students seeking postsecondary education. This is a good opportunity to provide a positive perspective on the problems and to highlight the need for supporting school counselors so they can be effective, rather than eliminating their positions because some consider them to be ineffective.

ASCA hopes to work with policymakers, education leaders and the Gates Foundation, which underwrote this survey, to place more certified professional school counselors in our schools and to allow them to help students improve academic achievement, career planning including postsecondary education, and personal and social development.

Educational Bonds: Pros & Cons

Education Bond Program

The Education Bond Program makes the interest on certain savings bonds tax free when the bonds are redeemed to pay qualified higher education expenses or to roll over into a section 529 plan.

Eligible bonds include Series EE Bonds issued after December 31, 1989 and all Series I Bonds. Series HH bonds are not eligible. Bonds purchased before 1990 may not be exchanged for bonds issued later to make them eligible.

The bond owner must be at least 24 years old on the bond issue date (the first day of the month in which the bonds were purchased). Parents can purchase bonds for their children, but the bonds must be registered in the parent’s name. The child cannot be listed as a co-owner, but may be listed as a beneficiary. You can also purchase bonds for your own education, in which case the bonds must be registered in your name.

Continue reading “Educational Bonds: Pros & Cons”

When you change jobs: You & your 401k

You MayHave an important decision to make…

What to do with your money in an employer-sponsored retirement plan, such as a 401(k) plan. Since these funds were originally intended to help provide financial security during retirement, you need to carefully evaluate which of the following options will best ensure that these assets

Why Taking a Lump-Sum Distribution May Be a Bad Idea:

While a lump-sum distribution can be tempting, it can also cost you thousands of dollars in taxes, penaltiesandlostgrowthopportunities…moneythatwilnotbeavailableforfutureusein retirement.

Please contact my office if you would like additional information on rolling funds over from a previous employer’s retirement plan.

The purpose of this newsletter is to provide information of general interest to our clients, potential clients and other professionals. The information provided is general in nature and should not be considered complete information on any product or concept described. For more complete information, please contact us at (916) 781-3373.

Life Insurance

Life insurance is one of the key cornerstones in any financial plan. Funding peace of mind for you and your family is one of the primary purposes of life insurance.

Life insurance is one of the key cornerstones in any financial plan. Funding peace of mind for you and your family is one of the primary purposes of life insurance. Unfortunately for many, they don’t want life insurance until they need it.

The two questions that many ask are “how much insurance do i need?” and “what type of life insurance?”. Contact us for your own personal life insurance quote and proposal today.

Why College Planning?

When it comes to investments our biggest is usually our home. For most the second largest investment is in your child’s college education. We seek advice when it comes to purchasing and financing a home, our taxes, etc.

Are you looking for answers regarding funding, deadlines, and applications? What about colleges, majors, and careers? The list just seems to go on and on and the confusion and concern seems like an uphill battle!

Would you like to save some time, eliminate the stress, and find everything you need – all in a proven, easy-to-follow plan?

Great news! We have the solution! Through years of research and hands-on experience we have developed a system. No wild promises … No quick fix … instead, a program that has proven successful for thousands of families just like yours.

Next: The Best kept secret in America