SoFi Blog

Tips and news—
for your financial moves.

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Odds of a Recession in 2019

It’s a question on a lot of minds. When is the next recession? Although nobody can claim to possess the trillion dollar crystal ball that predicts recessions, extensive research has been done into what causes economic downturns and where the U.S. seems to be in the current cycle.

It may seem as though there’s always an ongoing conversation about this, and it is overwhelming to try and decipher the mixed messages coming from politicians, economists, and the media.

Uncertainty and fear about the economy can lead to inaction and missed opportunities. There is a lot you can do to prepare and stay informed in an effort to be ready when the recession does come.

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President Trump Signs Executive Order Cancelling Student Loan Debt for Disabled Veterans

IMPORTANT: Refinancing federal student loans with a private lender, including SoFi, would mean forfeiting access to federal programs like the FREED Veterans Act, income-driven repayment plans, and other federal loan forgiveness or loan cancellation options.

In our efforts to bring you the latest updates on things that might impact your financial life, we may occasionally enter the political fray, covering candidates, bills, laws and more. Please note: SoFi does not endorse or take official positions on any candidates and the bills they may be sponsoring or proposing. We may occasionally support legislation that we believe would be beneficial to our members, and will make sure to call it out when we do. Our reporting otherwise is for informational purposes only, and shouldn’t be construed as an endorsement.

Veterans learn a lot when they volunteer to serve in a branch of the U.S. Armed Forces. They can learn teamwork, loyalty, and discipline. Veterans might learn skills from how to run a nuclear submarine to cooking chow in a theater of war to dressing a wound in the field. And they probably learn how to make a plan and stick to it.

But what happens if they become disabled during their service? What happens if their best laid plans are thrown to the wind and they’re unable to fulfill student loan obligations as the result of an injury in the line of duty?

As of Wednesday, August 21, 2019, these vets, those with student loan debt struggling with disabilities as a result of their service, might be able to breathe a little easier.

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10 Ways to Celebrate International Day of Charity

On September 5th, people around the globe will be celebrating the International Day of Charity. The United
established the annual event in 2012 to encourage nonprofits and individuals around the world to volunteer and contribute to philanthropic causes.

The date was chosen to honor the death of Mother Teresa, the nun and Nobel Peace Prize winner known for her work with the poor and ill in India and other countries. She died in 1997 at the age of 87.

You don’t necessarily have to dedicate your entire life to good works, as Mother Teresa did, to make a difference. The International Day of Charity 2019 can be the perfect time to give back in whatever way works for you.

Research shows that volunteering is good for you, improving mental and physical health, self-esteem, and happiness. Studies even suggest that it can alleviate depression and help you live longer.

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Tips for Finding Your Dream Home

There’s no place like home. It’s a haven from the hectic outside world, a place to relax, spend time with your loved ones, and truly enjoy yourself.

But finding a house that offers all the creature comforts your heart desires is easier said than done. It’s easy to get distracted, wistfully imagining relaxed Sunday mornings in the breakfast nook or making your home-grown produce dreams a reality. But, to get to that reality, you might have to put in some legwork.

The process required to find your dream home can be intimidating. It’s not just deciding what you want in a home—there’s a whole journey involved. Navigating the ins and outs of real estate and mortgages can be tricky, but with a little planning it’s possible.

Read on for a few ideas on how to find the house of your dreams.

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The Importance of Offering 529 Plan Contributions in an Employee Benefits Package

Strong employees are the backbone of any successful business. And, when it comes to attracting and holding on to the best talent, it’s no secret that offering competitive and valuable employee benefits is one of the most effective ways to demonstrate a longstanding commitment to your team.

Some employers are starting to venture beyond standard offerings and extending into things like profit-sharing and bonuses, transportation and tuition reimbursement, and perks like free meals, discounted fitness programs, childcare, and other services to their employees. And, in many cases, these enhanced offerings are helping to set these companies apart from the rest.

In a landscape where so many companies offer comparable benefits, many strategic employers are finding new, innovative ways to anticipate and accommodate the needs of their employees.

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