{"id":12997,"date":"2017-09-04T18:00:10","date_gmt":"2017-09-04T23:00:10","guid":{"rendered":"http:\/\/www.paristn.net\/articles\/?p=12997"},"modified":"2017-09-03T18:29:23","modified_gmt":"2017-09-03T23:29:23","slug":"frazier-allen-to-be-or-not-to-be-in-debt","status":"publish","type":"post","link":"https:\/\/www.paristn.net\/articles\/2017\/09\/04\/frazier-allen-to-be-or-not-to-be-in-debt\/","title":{"rendered":"Frazier Allen: To be or not to be \u2013 in debt"},"content":{"rendered":"

\"F&MClarksville, TN<\/strong> – Life\u2019s long and winding road generally includes plenty of side trips on the way to a comfortable retirement. There may be homes to buy, children to raise and educate, careers to pursue, a vacation here and there.<\/p>\n

When done strategically, borrowing can help you address those needs \u2013 like purchasing a home \u2013 without derailing long-term goals, such as a comfortable retirement. The key is to consider how the loan will work within your overall financial picture, taking into account each factor including the interest, duration and regular payments. <\/p>\n

\"There<\/a>

There are several factors to weigh when considering when to borrow.<\/p><\/div>\n

<\/p>\n

For example, while you may be itching to pay off a low-interest loan you have on your home, doing so could mean using investments that are likely to appreciate over time, if left untouched.<\/p>\n

Given that returns on investments may be higher than the interest on a loan, keeping your assets invested may give you a bigger head start on a comfortable retirement down the road.<\/p>\n

Conversely, high-interest debt such as credit card debt should be paid off as soon as possible.<\/p>\n

As you make your decisions, think about:<\/h3>\n
    \n
  • How much debt you\u2019re willing to take on<\/li>\n
  • Whether you prefer to sell assets or borrow<\/li>\n
  • The anticipated rate of return on your investments<\/li>\n
  • The anticipated cost of borrowing<\/li>\n
  • If it makes sense to borrow in the name of a trust or business<\/li>\n
  • What loan structure makes the most sense: traditional, adjustable-rate or collateral-based loan, among others<\/li>\n
  • Whether you prefer to use securities, your home or some other asset as collateral<\/li>\n
  • Tapping into the equity in your house, especially if rates are attractive<\/li>\n
  • The tax ramifications of a loan compared to selling investments<\/li>\n
  • How quickly you need the money<\/li>\n
  • How long you\u2019ll need the loan, particularly a mortgage<\/li>\n
  • How you\u2019ll pay off a loan and when<\/li>\n<\/ul>\n

    Call on your financial advisor for guidance as you weigh your options and to help you to map out a plan to strategically manage your debt while pursuing your long-term goals.<\/p>\n

    Next steps:<\/h3>\n
      \n
    • Consider how your short- and long-term goals could be affected by debt.<\/li>\n
    • Weigh your goals against each of these factors.<\/li>\n
    • Work with your advisor to determine if debt can be a useful tool to address your needs.<\/li>\n<\/ul>\n

      Sources: Barron\u2019s; longtermcarelink.com; transamerica.com; MIT AgeLab<\/em><\/p>\n

      Material prepared by Raymond James for use by its advisors. Raymond James is not affiliated with any companies mentioned in this material.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

      Clarksville, TN – Life\u2019s long and winding road generally includes plenty of side trips on the way to a comfortable retirement. There may be homes to buy, children to raise and educate, careers to pursue, a vacation here and there. When done strategically, borrowing can help you address those needs \u2013 like purchasing a home […]<\/p>\n","protected":false},"author":34,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[3],"tags":[1898,3353,9451,10669,11785,2090,8501],"class_list":["post-12997","post","type-post","status-publish","format-standard","hentry","category-business","tag-clarksville-tn","tag-debt","tag-fm-bank-investment-services","tag-investments","tag-loan","tag-mortgage","tag-raymond-james-financial-services"],"_links":{"self":[{"href":"https:\/\/www.paristn.net\/articles\/wp-json\/wp\/v2\/posts\/12997","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.paristn.net\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.paristn.net\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.paristn.net\/articles\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/www.paristn.net\/articles\/wp-json\/wp\/v2\/comments?post=12997"}],"version-history":[{"count":1,"href":"https:\/\/www.paristn.net\/articles\/wp-json\/wp\/v2\/posts\/12997\/revisions"}],"predecessor-version":[{"id":12998,"href":"https:\/\/www.paristn.net\/articles\/wp-json\/wp\/v2\/posts\/12997\/revisions\/12998"}],"wp:attachment":[{"href":"https:\/\/www.paristn.net\/articles\/wp-json\/wp\/v2\/media?parent=12997"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.paristn.net\/articles\/wp-json\/wp\/v2\/categories?post=12997"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.paristn.net\/articles\/wp-json\/wp\/v2\/tags?post=12997"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}