Posts by Hank Coleman
Mortgage
Should I Get Prequalified or Preapproved for a Mortgage?
Despite sounding identical, a prequalified mortgage is not the same as a preapproved mortgage. Prequalification is generally a quick, free process where a bank takes your financial information and lets you know generally what your loan will look like. Preapproval… read more…
Retirement
401(k) Rollover: Go Direct
Have you found a new job? Are you starting a new career? What are you going to do with the 401(k) retirement plan that you left in the care of your previous employer? Here’s what you should do: rollover your old 401(k) retirement plan into your new employer’s plan right away. Don’t pass go. Don’t… read more…
Personal Loans
When to Pay Off Credit Card Debt with a Personal Loan
There are very few times when taking out more debt to pay off credit card debt makes sense. Using a personal loan to pay off your credit card debt is only moving the money around. The debt is still there.… read more…
Retirement
What To Do With Your 401(k) When Switching Jobs
Americans are switching from one job to the next as they bounce from one career to another. But, what is happening to your 401(k) retirement plan in the process? There are four options for investors. You can leave your 401(k) with your old employer, roll it over to your new employer’s 401(k) plan, roll it… read more…
Credit Score
The 5 Fastest Ways To Improve Your Credit Score
There is no magic bullet to repairing your credit score. It often takes a lot of hard work and a long time to repair years of damage to your credit score. There is no silver bullet answer that will raise your credit score hundreds of points overnight. But, there are a few small changes that… read more…
Retirement
What You Need To Know Before Investing In A Roth IRA
A Roth IRA is one of the best types of retirement accounts that you can own. A Roth IRA is not its own type of investment class like a stock, mutual fund, or bonds. Instead, a Roth IRA is a type of tax and accounting classification that you can designate an investment. So, why would… read more…