Long-term disability insurance (LTD) generally protects up to 60% of your gross income against an unexpected injury, illness or medical condition. However, most insurance companies have a maximum disability insurance allowed, which typically caps out around $15,000 to $30,000 per month, depending on specialty and other determining factors. For most professions, the maximum benefit amount… The post How to Get the Maximum Disability Insurance Allowed as a High-Income Earner appeared first on Student Loan Planner ..read more

When discussing disability insurance with clients, many of whom are surgeons or dentists, it’s clear that even a simple hand injury can dramatically affect their ability to work. Other professionals, like certified public accountants (CPAs), are less likely to have a disability impact their employment. But that doesn’t mean they should skimp on their insurance… The post Disability Insurance for CPAs: How to Find the Best Policy appeared first on Student Loan Planner ..read more

A disability insurance agent, or broker, functions much like a broker you’d encounter in many other industries. They’re the middlemen of disability insurance policies. But since when is dealing with middlemen a good thing? Most disability insurance agents are independent, meaning they can research quotes for you across multiple disability insurance companies. Some also provide… The post Why Physicians Need a Disability Insurance Agent: Unveiling the Benefits appeared first on Student Loan Planner ..read more

Many employers offer basic disability insurance coverage. But due to its limitations, such as having a strict definition of disability and capped benefits, employer-sponsored disability coverage usually isn’t enough to cover the needs of high-income earners. That’s where supplemental disability insurance comes in. Do you need supplemental disability insurance? If you get long-term disability insurance… The post Worried About Disability Coverage Through Work? Get Supplemental Disability Insurance appeared first on Student Loan Planner ..read more

The Biden administration approved another wave of student loan forgiveness last week, greenlighting at least $7.4 billion in debt relief to over a quarter million borrowers.  “Today’s announcement shows—once again—that the Biden-Harris Administration is not letting up its efforts to give hardworking Americans some breathing room,” said U.S. Secretary of Education Miguel Cardona in a… The post Breaking Down Biden’s Latest $7.4 Billion Batch of Student Loan Forgiveness appeared first on Student Loan Planner ..read more

President Biden formally announced a new student loan forgiveness plan on Monday during a speech in Wisconsin. This comes after months of work following the Supreme Court’s rejection of Biden’s first attempt at student debt relief. The new program isn’t live yet, but it could be before the end of the year.  “The Biden-Harris Administration’s… The post Biden Formally Unveils New Student Loan Forgiveness Plan: A Look at 4 Key Details for Borrowers appeared first on Student Loan Planner ..read more

Key Takeaways: When I learn that someone in my circle — a family member, friend, colleague, or even a friend’s parent or their neighbor’s son’s wife’s best friend’s mom — I am genuinely thrilled to hear they’ve reached the coveted milestone of retirement.  Our careers provide a lot: a sense of accomplishment, the opportunity to… The post How Much Money Do Physicians Need to Retire? A 5-Step Guide to Retire Confidently appeared first on Student Loan Planner ..read more

Students and their families across the country receive their financial aid packages ahead of the upcoming school year. Understanding its fine print can help you make an informed decision about finding the best college fit and how much it’ll ultimately cost.  Unfortunately, many financial aid awards aren’t only very confusing, but also fall short of… The post How to Appeal Financial Aid: Improve Your Odds at Turning a ‘No’ Into a ‘Yes’ appeared first on Student Loan Planner ..read more

Aidvantage is a federal student loan servicer that’s designated by the Department of Education. As a federal loan borrower, you might be working with the company while paying off your student loan.  If Aidvantage is your servicer and you’re facing financial difficulty in repaying your federal student loans, there’s help. Aidvantage can discuss your repayment… The post 4 Ways to Get Aidvantage Student Loan Forgiveness appeared first on Student Loan Planner ..read more

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