Jeff Rose, Finance456®

How Does Coronavirus Affect Life Insurance?

Coronavirus hasn’t entirely ended life as we knew it, but it’s certainly caused changes, some of which are likely to be with us for a very long time. For some the coronavirus is literally a matter of life and death, and it raises an important question: how does coronavirus affect life insurance? No one likes to think about the possibility …

How Much Life Insurance Do You Really Need?

Since it doesn’t have an immediate benefit – like auto or health insurance – life insurance may be the most underestimated insurance product there is. But if you die, life insurance will likely be the single most important policy type you’ve ever purchased. And That’s Why You Have to Get It Right: Not only do you need a policy, but …

Should Parents Cosign Student Loans or Take Out Parent Student Loans?

While most federal student loans don’t require a credit check, there are still scenarios where students need good credit to borrow money. After all, private student loans do require a credit check and are typically only available to borrowers with good or excellent credit scores. Not only that, but some government-backed loans like Direct PLUS loans do require a credit …

Best Moving Companies of 2021

You Still Have $10,000 in College Costs to Cover: What Are Your Options?

According to updated figures from College Board, average tuition and fees for the 2022-2023 school year worked out to $10,950 for public, four-year schools nationwide. Meanwhile, tuition and fees at private four-year schools worked out to $39,400 per year. With these numbers in mind, it’s not surprising that some students run out of money in between academic years or even …

The Best Ways to Reduce the Interest Rate on Your Student Loans

Compound interest can be absolute magic for your finances if you’re investing your money or stashing savings in a high-yield savings account, but the opposite is also true. Compound interest is often charged on student loans as they capitalize, which means that interest is charged on interest that has accrued. Add to the fact that rates on student loans can …