Securities America Advisors
Jacob G. Sensiba is a third generation Registered Representative/Investment Advisor Representative with Securities America. Having grown up surrounded by finance, joining his father and grandfather in business was a natural career choice. Jake was able to work side by side with his grandfather in the year before Greg's death, learning much of the techniques and methods that made Greg successful.
Jake as been in the industry for four years and has been fully licensed for two years. He is a licensed Registered Representative for the states of Wisconsin, Nebraska, Arizona, and Virginia. He is also a licensed Investment Advisor Representative for Wisconsin. Jake's expertise is in personal finance, retirement, retirement plans, and wealth management.
As a financial professional, Jake is committed to helping clients create solutions for their retirement assets. Once he understands their risk tolerance, time horizon and goals, Jake works diligently to develop a program that carefully balances investment strategies with preserving principal.
Assets Under Management:
Securities are offered through Securities America, Inc. Member FINRA/SIPC, Steven Sensiba, Dan Griffin, and Jacob Sensiba, Registered Representatives. Advisory services offered through Securities America Advisors, Inc. CRG Financial Services, Inc., and the Securities America companies are separate entities. For more information and for other disclosures, visit our website www.crgfinancialservices.com
The other advisors made good points. The variable hurts you if rates rise, and the fixed hurts you if rates fall.
I tend to side with caution here, therefore, I would recommend the fixed rate loan. With this, you know what your payment will be for the entirety of the loan and you don't run the risk of rates rising, thus, costing you more money.
I hope this helps! Good luck at grad school!
Here's an answer I found on another website. The link to that site is at the bottom of the answer.
The community property states are Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington, and Wisconsin. (In Alaska, spouses can sign an agreement making their assets community property, but few people choose to do this.)
Debts. In community property states, most debts incurred by either spouse during the marriage are owed by the "community" (the couple), even if only one spouse signed the paperwork for a debt. The key here is during the marriage. So if you incur a debt, such as a student loan, while you're single, and then get married, it won't automatically become a joint debt. (An exception is where a spouse signs on to an account as a joint account holder after getting married.) Some states, like Texas, have a more nuanced way of analyzing who owes what debts by evaluating who incurred the debt, for what purpose, and when.
Removing a spouse's liability. Couples in community property states can sign an agreement with each other to have their debts and income treated separately. Signing a pre- or postnuptial agreement like this can make sense for a couple before one spouse goes into business. (But if you're already in business, signing an agreement now won't protect your spouse from liability for business debts that you already owe, only from liability for future business debts.)
You can also sign an agreement with a particular store, lender, or supplier, stating that the creditor will look solely to your separate property for repayment of any debt, essentially removing your spouse's liability for any obligation or debt from the contract -- if you can get the other party to agree.
I hope this helps!
If the dividend-paying stocks are in a tax-deferred account, then the dividends are not taxable when they are paid, but are taxable (unless the account is a Roth) when the money is withdrawn.
If the dividend-paying stocks are not in a tax-deferred account and are simply in a standard brokerage account, then those dividends are taxable when they are paid out whether they are reinvested or not.
I hope this helps and makes sense.
Unfortunately, your spouse would not be eligible to receive Medicare until she turned 65, unless she's considered disabled, has end-stage renal disease or ALS. Here's a link to the article where I found the answer if you'd like more information.
I hope this helps!
If you want to use Dave Ramsey's "Baby Steps," you have Step #1 complete already. That step is to save $1,000 for emergencies. Step #2 is to pay down non-collateralized debt (credit cards and personal loans). When that debt is paid off, go back and beef up the emergency fund.
Because your interest rate on your credit card debt is 25%, I would tend to agree with this strategy and think (barring no expensive emergencies come up) this would save you the most money.
That said, you can't put a price on peace of mind, so the ultimate answer is what you are comfortable with. If you are comfortable with your current level of savings and want to pay down that debt, go for it. If you'd be more comfortable in having another $1,000 more set aside before you focus on the debt, do that instead.
I hope this helps!