Wednesday’s need-to-know money news

Today’s top story: How income-based student loan repayment is calculated. Also in the news: The ideal debt-to-income ratio for student loan refinancing, why you might be eligible for a TurboTax refund, and how adult children are eating into their parents’ retirement savings.

How Is Income-Based Repayment Calculated?
Determining your monthly student loan payment.

Debt-to-Income Ratio for Student Loan Refinancing
Below 50% is the target.

You Might Be Eligible for a TurboTax Refund
If you paid to file, read this.

Adult children are eating into parents’ retirement savings: Study
Putting retirement on the back burner.

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