Student Loan Planner

Even though I can think of about 600,000 things I'd rather talk about than taxes, it's something we can't ignore. I see people all the time paying way more in taxes than they should be. Today, I'm going to help you understand what you're actually paying and why. Then we'll jump into long-term tax planning strategies and some tips on what you can do right now to lower your tax bill as a student loan borrower. In today's episode, you'll find out: What adjusted gross income (AGI) is and why it matters The difference in tax brackets if you're single vs. married How to pay $0 in taxes on investment income Ways to reduce your taxable income How business owners can add even more to their retirement savings What the breadwinner loophole is and how it can save you money Why you might consider amending old tax returns How to get more help if you need it Full show notes at: http://studentloanplanner.com/67

If you're overwhelmed by the idea of student loan interest raging out of control, this episode is for you. I sat down with our senior student loan consultant, Rob Bertman, CFP®, CFA to dig into the details about why student loan interest isn't as bad as you think. Bertman has over 15 years' experience as a financial planner and is the mastermind behind Family Budget Expert. Here's what he has to say about how interest can impact your student loans. In today's episode, you'll find out: • Why student loan interest isn't as bad as you think it is • How student loan interest works • The repayment plan that gets the government to cover some of your interest • Why forbearance is such a terrible idea • How to use an old tax return to lower your student loan payment • Why it's best to stick with an IDR plan in residency • Why consolidating right after you graduate can be a winning strategy • How the "fighting spouses loophole" can help if you live in a community property state Full show notes at: http://studentloanplanner.com/66

Jantz Hoffman is the founder of the Certified Student Loan Professional (CSLP®) designation that helps financial advisors incorporate student loan repayment planning in their practice. I invited him on the show to get his thoughts on student loan fraud and all the fake experts out there. Brief intro to episode In today's episode, you'll find out: What gave Jantz the idea for CSLP Why there's no value in falsifying student loan documents Reasons Jantz says not to be nervous about PSLF going away Problems Jantz has had with student loan services How applying for PSLF is like going to Olive Garden Why statistics in the media are wrong Full show notes at: http://studentloanplanner.com/65

Student loan reform is a hot topic with the upcoming election. I asked Student Loan Planner Consultant Lauryn Williams to weigh-in on some of what the proposed plans might mean for your student loan payment. Join me as we walk you through what the future of student loans might look like. In today's episode, you'll find out: How Bernie's "let's forgive all the debt" plan could boost the economy If a Wall Street tax would help or hurt the middle class How Warren's needs-based plan could lower your debt balance Why refinancing all student loans won't solve the problem Just how big the racial wealth divide is The huge problem with our current student loan system What you can expect to happen in the future with student loans Full show notes at: http://studentloanplanner.com/64

Student loans are complicated enough on their own. When you add student loan scams to the mix, they can be almost unbearable. That's why I'm going to cover the top 7 student loan "Travis"-ties, so you can avoid getting caught up in a mess. In today's episode, you'll find out: The most common student scams you need to watch out for The student loan scam that cost one reader over $50,000 Why parents shouldn't pay for their kids' college Questions to ask a financial advisor to test their student loan knowledge Why most school exit counseling is so terrible Why you shouldn't panic if you no longer qualify for a partial financial hardship Full show notes at: http://studentloanplanner.com/63

Free money from your employer to help pay off your loans is a great idea, right? Wrong! It could be one of the worst employee benefits ever. I'll break down how this can affect your finances and show you how employer student loan benefits are a bad idea. In today's episode, you'll find out: Why taking money from your employer for student loans is a trap How a free $100,000 can end up costing you $50,000 The tax consequences of employer-paid student loan payments The effect of employer student loan benefits on PSLF The problem with old-school thought patterns about debt Why "getting your debt to zero" isn't the best strategy How to get ahead by negotiating employer benefits Full show notes at: http://studentloanplanner.com/62

As part of our series on introducing you to new members of the Student Loan Planner team, I want to take a moment to talk with Meagan Landress. She is a Certified Student Loan Professional™ and today she's sharing her best student loan loopholes and strategies to help you conquer your student loan debt. In today's episode, you'll find out: What led Meagan to student loan consulting How "married filing separately" can lower your payment How to double-dip with the poverty line deduction What double consolidation can do for Parent PLUS borrowers The legal loophole to open up Parent PLUS loans to IDR plans Why you need a student loan plan if you live in one of these 9 states How to book a consult with Meagan to crush your student loans Full show notes at: http://studentloanplanner.com/61

We've added a new face to our Student Loan Planner team. Listen in as I interview Ben Nanney, CPA and CFP®, about the nitty-gritty on taxes and student loans. He'll give us the inside scoop on basic tax terms and dive into some more complex tax strategies for student loan borrowers. In today's episode, you'll find out: What drove Ben to launch his own financial planning firm Why AGI isn't as confusing as you think What is an above the line deduction The difference between a SEP IRA and Solo 401(k) Why Ben is a great addition to the consultant team How filing separate tax returns can benefit married couples What is the breadwinner loophole How to amend previous tax returns to get money back How to contact the best tax experts for student loan borrowers Why a community property state can lower your student loan payment The best tax strategies for high-income borrowers Full show notes at: http://studentloanplanner.com/60

Since it's the final day to purchase the Six-Figure Debt to Six-Figure Net Worth course, I want to share some tips from the course to give you some insight into my investing philosophy. I'll show you how you can manage your own investments and reach millionaire status with a strategy that only takes a few hours of your time each year. In today's episode, you'll find out: How the Student Loan Planner course can save you money Tips to give you a taste of my investing philosophy What to do instead of paying a financial advisor How tax-loss harvesting can save you $10,000 or more in taxes Why a new car every two years can cost an extra $500,000 The 3 keys to successful investing Why most people don't need a financial advisor How to manage your own investments with a couple of hours a year How my background as a CFA and bond trader led me to create this course Full show notes at: http://studentloanplanner.com/59

The Six Figure to Six Figure Net Worth Course is here! If you have a goal of growing your net worth and not letting your student loans run your life, you need to know more about this course. Join me in today's episode as I go into detail about how you can reach financial abundance in less than a decade. In today's episode, you'll find out: Why the Student Loan Planner Course is the best investment this year How to replace your reliance on labor for income to live The impact of different risk profiles of investment combinations How investing can shave 10 to 20 years off your working career When you should (and shouldn't) use a financial advisor Why working part time with $400,000 in student loans is okay Three tips to get the most out of real estate investing Hassle-free rules to maximize your retirement investing Full show notes at: http://studentloanplanner.com/58