Master Your Finances: Essential Tips from Steve Sexton and Brian Coderna
Episode Overview
The episode covers the past, present, and future of student loans, including the current landscape of student loan debt and potential relief options Insights into integrating college loans into a comprehensive financial plan and the viability of pursuing a college degree An in-depth analysis of U.S. entitlement programs, such as Social Security, Medicare, and Medicaid, addressing sustainability challenges and future implications Practical tips for updating your emergency fund with inflation, emphasizing the benefits of liquidity and quick access during unforeseen circumstances
Students get out. Just for example, my son finished his master's program in June of last year. And you know what? He filled all the forms out and everything. And he's going to have to start making some payments on those loans. Your student loan? Or you know what, what do people need to know if they're looking to refinance their student loan? Especially right now, we're seeing higher interest rates, the whole shot.
How do you navigate the maze of student loans, refinancing, and entitlement programs? In this episode of Saving with Steve, host Steve Sexton sits down with certified financial planner Brian Coderna to tackle these pressing financial topics. They dive deep into the history, current state, and future of student loans, including the potential impact of President Biden's loan forgiveness program and other relief options like COVID-related programs and public service loan forgiveness.
Brian shares practical advice on integrating college loans into a comprehensive financial plan and questions the viability of pursuing a college degree in today's economy. The discussion doesn't stop there. They also explore the sustainability of U.S. entitlement programs such as Social Security, Medicare, and Medicaid, shedding light on the challenges and implications for the future.
To wrap things up, Brian offers actionable tips on updating your emergency fund to keep pace with inflation, stressing the importance of maintaining liquidity for quick access during unexpected events. Whether you're struggling with student debt or looking to refine your financial strategy, this episode is packed with valuable insights to help you achieve financial stability.