Author - Erin Baehr CFP®, EA

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Save on Taxes With Qualified College Expenses
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Smart Social Security Decisions for Women
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Best Tools for Budgeting
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Smart Social Security Tips for Women
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Good Money Sense in an “I Want it Now” Society

Save on Taxes With Qualified College Expenses

The holiday decorations are put away, things have been tidied up and we’ve turned the page on another year.

No need for post-holiday blues, though — a new season is coming. This time instead of opening Christmas cards, we’ll be opening Important Tax Documents. With the new tax and stimulus legislation passed in 2009, this tax season is shaping up to be a confusing one. The best defense against missing deductions or credits and leaving money on the table is to be aware of the changes that apply to you and bring them up with your tax preparer.

The new …

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Smart Social Security Decisions for Women

The US Department of Labor estimates that almost 90% of women will end up solely responsible for their financial well-being.  Given that women tend to earn less than men over their lifetimes to begin with, and may spend a good deal of time out of the workforce to care for families, women facing retirement may have fewer retirement resources, maximizing Social Security benefits available is critical.

The first thing for women (and men for that matter) to understand is how Social Security benefits are calculated in the first place.  To be eligible for Social Security, you need to have been …

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Best Tools for Budgeting

“What’s in your wallet?” So goes the question on the Capital One credit card commercials.  Some of us may answer “a hole!” because the money seems to drain out.  But where does it go?  There’s just not enough time in the day to get everything done, and the dreaded chore of keeping track of the finances ends up pushed off again, leaving behind the nagging feeling that you should be doing something about it.

But who has the time or discipline to write down every penny that gets spent?  I sure don’t and I’ll guess you don’t either.  I don’t …

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Smart Social Security Tips for Women

The US Department of Labor estimates that almost 90% of women will end up solely responsible for their financial well being.  Given that women tend to earn less than men over their lifetimes to begin with, and may spend a good deal of time out of the workforce to care for families, women facing retirement may have fewer retirement resources, maximizing Social Security benefits available is critical.

The first thing for women (and men for that matter) to understand is how Social Security benefits are calculated in the first place.  To be eligible for Social Security, you need to have …

Read More

Good Money Sense in an “I Want it Now” Society

Good Money Sense in an “I Want it Now” Society My six-year-old niece asked for an iPod this past Christmas.  Not some kid-sturdy version of a portable CD player, not an MP3 player, but specifically an iPod.  She didn’t get it (thanks to my sister-in-law’s good sense). But the fact that she knew to ask for it-an expensive name-brand electronic device-astounded me.  Maybe it shouldn’t have. Between what they spend themselves and what they convince their parents and grandparents to buy, American children have influence over nearly $1 trillion each year. Naturally, the advertising industry is well aware of our kids’ buying power. Like it or not, your children are …

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