Although debt reduction has been a topic of conversation with clients for years, many are now focused on paying down debt more rapidly
. Get exclusive investment industry news and insights, the week’s top headlines, and what you and your clients need to know. For more from Globe Advisor, visit our
Discussions have ranged from paying down an outstanding vehicle loan of about 10 per cent interest to conversations about mortgages, lines of credit and HELOCs. When it comes to strategy, ramping up debt repayment doesn’t necessarily derail long-term financial plans, he says. Assets may only need to be drawn out of either savings or investments for debt with a very high rate of interest. Usually, all goals can be addressed in unison if clients have a good understanding of their cash flow.
Making the situation even more challenging is that traditional ways of reducing expenses, such as downsizing or purchasing a used car instead of a new vehicle, are not likely to result in savings in this market, she says. “ limiting their cash flow; or, if they had an emergency fund or investments, they’re having to think about paying down their mortgage now,” Mr. Prasad says.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Finland says gas pipeline likely broken by ship dragging anchorThe incident cut pipeline gas supplies to Finland, although the country expects to manage with imports of liquefied natural gas via ship deliveries to its Inkoo port
Lire la suite »
Quebec anti-corruption police note proliferation of small-scale schemesQuebec's anti-corruption police force says although the scandals that defined the province's construction industry in the last decade have subsided, corrupt activities have sprouted on a smaller scale in other sectors.
Lire la suite »
Quebec anti-corruption police note proliferation of small-scale schemesQuebec's anti-corruption police force says although the scandals that defined the province's construction industry in the last decade have subsided, corrupt activities have sprouted on a smaller scale in other sectors.
Lire la suite »
Quebec anti-corruption police note proliferation of small-scale schemesQuebec's anti-corruption police force says although the scandals that defined the province's construction industry in the last decade have subsided, corrupt activities have sprouted on a smaller scale in other sectors.
Lire la suite »