How To Pay Down High-Interest Debt

How to Pay Down High-Interest Debt When you’ve decided you want to pay down high-interest debt, give yourself a high-five, a cookie and an ice cream sundae. And a beer. That’s an admirable goal. But now that you’ve decided you want to erase your high-interest debt,...

What is Compound Interest?

What is Compound Interest? To put it simply, compound interest is the interest you earn on interest. For example, let’s say you invest $100 and it earns five percent interest each year. You’ll tally up $105 at the end of the first year. A simplistic example, for sure,...

Disclosure

College Savings Calculator is a hypothetical tool that demonstrates how monthly contributions, age-based asset rebalancing, and tax savings may impact the long-term value of your account, and do not take into account a portfolio’s underlying investment management fees. Calculations assume the private institution cost inflation is 2.8%, public out of state cost inflation is 3.9%, public in state cost inflation is 2.7%. Portfolio is assumed to have only stocks and bonds. Monthly equity returns are based on the historical data from the 10-year track record of the stock market (SPY). Monthly fixed income returns are based on the historical data from the 10-year track record of the bond market index (AGG). The current college expenses are provided by the collegeboard.org. Actual account performance may differ due to market fluctuations, changes in recurring investments, and asset allocation. The information provided here is for illustrative purposes only and does not represent actual or future performance of any investment option and is not intended to predict or project the investment performance of any security or index.