Single Point of View
Single Point of View is our way to occasionally share planning ideas relating to personal finance. Our goal is to pass along concepts that you may not be exposed to on a daily basis.
NerdWallet: 401(k)
What happens to your 401k if you quit your job/move to another company? Shaun Erickson CFP® Boston, MAWhen you leave, you will typically be given information on your options for your 401k plan. Generally, you have a few options: 1) Leave it in the plan (not all companies allow this option) 2) Cash out (pay tax and potential penalty if under [...]
NerdWallet: Traditional IRA
If I'm around the limit for a Roth IRA (110k single I believe), should I open a traditional IRA as well? I'm starting to max my 401k and want to open an IRA as well and start maxing it. 1 person found this answer helpful Shaun Erickson CFP® Boston, MA You should discuss the benefits of this with your tax advisor. If you [...]
NerdWallet: Credit Report Delinquency
What can I do if I have an erroneous delinquency on my Credit Report? I am using Credit Karma to monitor my credit. Today I received an update that a new account (under a financial institution I've never heard of; AMCA) has been placed in collections. The amount is nominal at $50. I don't know who to call to investigate, [...]
Single Point of View | Social Security Planning
From a planning perspective, we have found that one of the areas that tends to cause the most amount of confusion, and misinformation, is Social Security claiming strategies. Unfortunately, many of the resources available to those approaching social security age seem to only compound the problem. Employees at your local Social Security Office can be a good resource, however, it [...]
NerdWallet: Mortgage Options
What mortgage options are available for people with underwater mortgages purchased after December 26, 2009? Shaun Erickson CFP® Boston, MA You can start by checking with the Attorney General's Office in your home state. Your state may have resources to assist with loan modifications. For example, in MA we have the HomeCorps program which provides assistance to those facing foreclosure. http://www.mass.gov/ago/news-and-updates/initiatives/addressing-the-foreclosure-crisis/homecorps/
Bryant Alumni Bulletin – Athletes Helping Athletes
November 13 – Bulldog ConnectionBryant alumnus and former lacrosse player Tim Duffany ’06 networks with current student-athletes as part of the Bulldog Connection program that brings former athletes to campus to mentor current athletes. If you are a former varsity athlete, plan to join us for the spring program on April 6, 2013. Legendary American football coach Vince Lombardi said, “Individual commitment to a group [...]