Author Archive | Michael Wroblewski, CFP®

Six Tips to Repay Student Loans

Use these six tips to repay your student loans. They address issues that recently surfaced about student loan servicers. The lawsuit by the Consumer Financial Protection Bureau against Navient, a large student loan servicer, highligted several features that federal student loan borrowers should know. Navient’s response to the CFPB’s lawsuit tellingly says they have absolutely […]

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Carefirst’s 2018 Health Plan Premiums Distort Consumer Decision-Making

Carefirst’s 2018 health plan premiums for DC Health Link plans are unnecessarily high, discriminatory, and likely to distort consumer decision-making. The expected number of buyers of the plan, and not the plan’s features, drives the proposed premium increases. DC should review Carefirst’s 2018 premiums with an eye towards how consumers buy health insurance. Consumers view […]

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Mortgage Loan Basics

Understanding mortgage loan basics can help first-time borrowers get the right loan. This blog describes several loan features that you can vary and the pros and cons of doing so. This blog is the third of three for first-time homebuyers. The first one describes how much house you can afford. The second one describes things […]

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Obama Improves Personal Finance Decision-Making

Just a week after President Obama’s first Inaugural I started my financial planning practice. Since then, new tools and consumer-friendly policies have offered Americans meaningful opportunities to improve their personal finance decision-making. I’ve seen firsthand how these Obama Administration policies have helped clients with four critical financial challenges: investing for retirement, repaying student loans, buying […]

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New DC 529 Plan Coming Soon

A new DC 529 Plan will be coming in 2017. The new DC 529 Plan provider, Ascensus, will hopefully eliminate the high-cost elements in the existing plan. 529 plans are a great way to save for college. Nearly all states have 529 plans. A 529 plan allows your contributions to grow tax free.  You don’t pay […]

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