Category - Family Finances

1
Financial Planning Shouldn’t Stop at Retirement
2
How to Juggle College and Retirement Savings
3
Domestic abuse and money
4
Is it Really Cheaper to Buy Than Rent?
5
How To Save (and Pay) for College

Financial Planning Shouldn’t Stop at Retirement

elderly couple squareMost of us understand we need to give careful consideration to planning, saving and preparing for the future.  This typically includes planning for the purchase of our first house, saving for the education of our children, mapping out our careers, our retirement, and even our eventual death.

However, I’ve seen too many consumers get to retirement, breathe a sigh of relief and then put their lives on auto-pilot, thinking they’ve handled all the big decisions.  The reality is that many times the decisions which will be faced in the years between retirement  and death can be some of the most …

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How to Juggle College and Retirement Savings

family landscapeHow do you successfully negotiate the conflicting goals of saving for your children’s college educations, as well as saving for retirement? If you are like most people, these two goals are constantly competing for your savings dollars and it can be difficult to prioritize one over the other, especially since education seems a more pressing goal. If you are feeling stretched and maybe discouraged as you battle these opponents, there are a few key takeaways to consider:
  1. Prioritize Appropriately
You cannot look at these two goals serially, thinking that if you just focus on the education piece and work your… Read More

Domestic abuse and money

It’s about money, whether the headlines are horrific cases of bride burning, or a knockout in an elevator with an NFL sports star. Despite the myriad reasons women have been posting on Why I Stayed, many of them boil down to not enough money to leave.

Sure, many of us can answer because I loved him, but I think that the next time he smacks you around, if you had, say, a cool $5 million in the bank you’d think twice about whether love was enough. If you have children, or haven’t worked in a while, or …

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Is it Really Cheaper to Buy Than Rent?

Recently news stories indicate that in some cities it is much cheaper to buy a home than rent. The reason why that may be is that perhaps a fifth of the population may have needed and still needs to use “Easy Qualifier” mortgages to qualify for a loan. These borrowers can’t play the housing game so they have to rent. Or some potential buyers lost their equity after going into foreclosure and have no down payment money.

Recently lenders started offering Easy Qualifier loans but at junk bond spreads instead of offering loans at the same rate as fully documented …

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How To Save (and Pay) for College

Saving for college is a priority among many parents. Often we are asked about the right savings vehicle for college education. There are a few that parents can choose from between Coverdell ESAs, prepaid tuition and 529 college savings savings plans.

We’ll discuss the 529 plan here. The 529 plan is essentially a college savings vehicle very similar to an IRA or an employer-sponsored plan. Depending on the state you live in your state may have a 529 plan that will have access to stock and bond mutual funds and or a pre-determined mix that will invest the money and …

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