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Single Point of View

Single Point of View is our way to occasionally share planning ideas relating to personal finance. Our goal is to pass along concepts that you may not be exposed to on a daily basis.

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NerdWallet: Credit Report Delinquency

imageWhat can I do if I have an erroneous delinquency on my Credit Report? I am using Credit Karma to monitor my credit. Today I received an update that a new account (under a financial institution I've never heard of; AMCA) has been placed in collections. The amount is nominal at $50. I don't know who to call to investigate, or where to call just to pay it off so I don't have this further impact my credit. Thanks in advance. 2 people found this answer helpful Shaun Erickson CFP® Boston, MA I am not familiar with CreditKarma, however, you are entitled to receive a free copy of your credit report each year from each of the 3 nationwide credit reporting companies, Experian, Equifax, and TransUnion (you simply need to request it).  Utilize www.annualcreditreport.com to request your report (this is different than the companies you see advertising on TV). You are given an option to challenge...
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Single Point of View | Social Security Planning

From a planning perspective, we have found that one of the areas that tends to cause the most amount of confusion, and misinformation, is Social Security claiming strategies.  Unfortunately, many of the resources available to those approaching social security age seem to only compound the problem.  Employees at your local Social Security Office can be a good resource, however, it is important to keep in mind that their job is to provide you with information:  They are not advisors and will not tell you what to do.  How Do I Maximize My Social Security Benefits? The rule of thumb is that delaying taking benefits is the best approach, however, you do take on the risk of needing to live long enough to make up for the years you have deferred collecting benefits.  Your benefit grows 8% each year you wait to begin collecting benefits after Full Retirement Age.  If you...
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NerdWallet: Mortgage Options

imageWhat mortgage options are available for people with underwater mortgages purchased after December 26, 2009? Shaun Erickson CFP® Boston, MA You can start by checking with the Attorney General's Office in your home state.  Your state may have resources to assist with loan modifications.  For example, in MA we have the HomeCorps program which provides assistance to those facing foreclosure.  http://www.mass.gov/ago/news-and-updates/initiatives/addressing-the-foreclosure-crisis/homecorps/
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Bryant Alumni Bulletin - Athletes Helping Athletes

bryantpic   November 13 – Bulldog ConnectionBryant alumnus and former lacrosse player Tim Duffany ’06 networks with current student-athletes as part of the Bulldog Connection program that brings former athletes to campus to mentor current athletes. If you are a former varsity athlete, plan to join us for the spring program on April 6, 2013. Legendary American football coach Vince Lombardi said, “Individual commitment to a group effort – that is what makes a team work, a company work, a society work, a civilization work.” No one knows better than Bryant’s student- and alumni-athletes how true this is. The and annual Bulldog Connection – a networking event for student- and alumni-athletes – on November 3 began with a panel discussion in  the morning, followed by networking opportunities, and a victorious Bulldog football game. Highlighting the event were a dozen outstanding alumni who shared their amazing career experiences and tips for the future with about 60 student-athletes. Alumni working at such prestigious organizations as the Boston Celtics and Amica Insurance gave valuable advice about strategizing professional careers  following graduation.“Experience is...
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