In today's world essentially everyone participates in the economy as either a customer or a lending institution, and the majority of people are both. If you've ever put cash in a bank, then you're a lender. If you've ever utilized a credit card, then you're a debtor. In this episode, Mark Riepe talks with Carrie Schwab-Pomerantz about the liability side of your individual balance sheet– debt. Obviously, not all financial obligations are the same.Among the subjects Mark and Carrie talk about are "good" financial obligation versus "bad" debt, paying off debt before you retire, and a helpful guideline for handling your personal financial obligation level.
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Important Disclosures: The information provided here is for general informational functions only and ought to not be thought about a customized recommendation or tailored investment suggestions. The investment techniques discussed here may not be suitable for everyone. Each financier needs to review a financial investment strategy for his/her own specific circumstance before making any financial investment choice.
All expressions of viewpoint are subject to alter without notice in reaction to moving market conditions. Data contained herein from third-party suppliers is acquired from what are considered trustworthy sources. Nevertheless, its precision, completeness or dependability can not be guaranteed. Supporting documents for any claims or analytical information is available upon demand.
Examples are hypothetical and provided for illustrative purposes just. They are not planned to represent a particular financial investment item.
Investing includes risk, consisting of loss of principal.
This information is not intended to be a replacement for specific customized tax, legal or financial investment planning suggestions. Where specific suggestions is necessary or proper, Schwab advises assessment with a qualified tax consultant, CERTIFIED PUBLIC ACCOUNTANT, financial organizer or investment supervisor. Please talk to your tax advisor on the deductibility of home equity credit line interest payments for your particular tax situation.
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