One of the most important items on the financial to do list for new parents is an estate plan, which typically includes a will and a trust. A will can designate the person who will oversee the process of concluding your affairs, based on your directions. It also can express your intent when it comes [...]
Happily Ever After on a Budget
Blog, Budgeting, College Savings, Saving // 19.01.2010If you’ve found that talking about family finances with your spouse is difficult or completely uncomfortable, we have some suggestions that can help.
Before doing anything, think about whether or not you and your spouse are on the same page in regards to how to budget money. Each of you is an individual, especially when it [...]
Real World College Savings
Blog, Budgeting, College Savings, Investments, Retirement, Saving // 08.12.2009As parents, most of our time is spent managing our day-to-day lives. While making sure our kids master life’s lessons, it’s easy to put saving for college on the back burner. Experts say we should start early and balance our efforts between saving for retirement and college. It’s a juggling act, but a necessary feat [...]
Recent Articles
What to Expect When Saving for College
.jpg&h=76&w=100&zc=1&q=90)
If you are a parent to be, you’ve probably been undergoing a flurry of planning activities, from decorating the nursery to researching baby names. College savings is probably not high on the priority list. Yet, considering the impact of tax-free compound growth over time, it should be. Taking the college savings plunge in the early [...]
Continue →Roth IRA Secrets
The Roth IRA is a great opportunity for young savers. While you are still in a low tax bracket, you can stash away money and never have to pay taxes on it again. Take advantage of it now before you disqualify based on your income.
Pros
Here’s are the benefits of a Roth IRA for growing families:
Pay [...]
Continue →Saving for a Rainy Day
An emergency can happen at any time. A special fund that you create for an unforeseen circumstance like an unexpected job loss or illness will see your family through it – all the while preventing unnecessary debt and the associated finance charges that could be very easy to accumulate.
How Much Is Enough?
The answer depends on [...]
Buying Life Insurance in 60 Seconds
The Question: To Buy or Not Buy Life Insurance
The one question everyone must ask is, “if I died tomorrow, would I leave a loved one in a financial bind?” If your answer is “yes,” consider life insurance. Then ask, “do I like paying really high commissions for something that I can do for myself?” If your answer [...]
More Articles
Get Your Freedom Number!
Get the big picture view on your finances and find out when you'll be able to achieve all your important life goals. Then, get on track to achieving them faster.
