Education Financing Alternative: Federally-backed PLUS loans have a fixed interest rate of 7.9%. With the current low-interest rate environment, some brokerages have favorable loans available to clients with non-qualified accounts. For example, Pershing LLC has
a program called LoanAdvance where the rate is tied to Prime, which is currently at 3.25%. With the Fed targeting low rates for some time, this may be an attractive alternative for some people. See me for details.Contact >
Business Owners: The Dept. of Labor has issued new regulations governing disclosure with respect to defined contribution plans. It may be a good time to review your plan design as well as your fiduciary duties in light of the new regs. Contact me for guidance. DOL Site > |