Scholarships area preferred type of financial aid because they do not have to be repaid. There are basically two types of scholarships: financial need-based scholarships and merit-based scholarships awarded based on academic, athletic, musical, or artistic ability. Scholarships can come from two sources: colleges and everywhere else. First, the easy part. Have your child check […]
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Financial Planning: Gold & Silver: What Everyday Investors Should Understand Before Jumping In
Gold and silver have a certain appeal that never seems to fade. Whether it’s the shine of a gold bar or the idea of owning a “safe” asset during uncertain times, many investors feel drawn to precious metals. And today, you don’t even need a vault or a safe — you can buy gold through […]
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Financial Planning: Sudden Wealth
What would you do with an extra $10,000? Maybe you’d pay off some debt, get rid of a college loan, or take a much-needed vacation. EVALUATE YOUR NEW FINANCIAL POSITION Just how wealthy are you? You’ll want to figure that out before you make any major life decisions. Your first impulse may be to go […]
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ESTATE PLANNING AND 529 PLANS
When you contribute to a 529 plan, you’ll not only help your child, grandchild, or other loved one pay for school, but you’ll also remove money from your taxable estate. This will help you minimize your tax liability and preserve more of your estate for your loved ones after you die. So, if you’re thinking […]
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CHOOSING A CREDIT CARD
Like leaves in an autumn breeze, credit card offers swirl in from every direction—filling your mailbox, flashing across the Internet, even tumbling out of magazines in your doctor’s waiting room. And they all sound so attractive. “0% APR until next year!” “No fee if you transfer a balance now!” “Low fixed rate!” You’re thinking of […]
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BWFA ENHANCES SUPPORT FOR FEDERAL EMPLOYEES
BWFA is proud to announce that several of our employees now hold the ChFEBC℠ (Chartered Federal Employee Benefits Consultant) designation. A ChFEBC℠ is a prestigious designation for Financial Advisors, CPAs, and others, who have successfully completed an intensive training course and passed a rigorous examination covering all federal employee benefits. BWFA’s Financial Planners and Advisors […]