Teens
Teach Your Children Well-Part 4: Have the College Cost Conversation Early
I see parents let down their college bound kids all the time. Not because they can’t afford to foot the often insanely high bill for a four-year private college education, but because they
Teach your Children Well-Part 3: Give Your Kid’s Credit
Young adults are making a big mistake with their finances. Survey after survey reports that most millennials do not have a credit card. I am wholeheartedly on board with preferring a debit card. But everyone needs to also have a credit card and use it responsibly.
Teach Your Children Well-Part 2: Instill the Pleasure of Saving
You know your kids are sponges. So let me ask you a question: what lessons about saving are they absorbing from you?
Teach Your Children Well-Part 1: Bill Pay Together
Sitting down with your children once a month and having them help you pay the family bills is an incredibly valuable life-lesson opportunity that sadly few families use.
Turn a Child/Grandchild’s Summer Job into a Retirement Windfall.
If you have a child or grandchild who is going to get paid for work this summer, I want you to consider a way to gift them a valuable retirement stake.
What Every New College Grad Needs To Know About Repaying Student Loans
Falling behind on your student loans is one of the worst financial mistakes you can ever make. The penalties and fees if you fall behind, and into default, can add thousands of dollars to your bill.
How Grandparents Can Make the Most of a Grandchild’s Summer Job
So often grandparents come up to me and ask how they can best help their grandchildren get a leg up. My favorite move is to gift a grandchild money to open a Roth IRA. Here’s what you need to know:
A Message for Husbands: Your Wife Should Drive the Retirement Planning
One of the most common things I hear from many couples is that the husband likes investing and planning, and thus wives are all too happy to let him handle the retirement strategizing. Big mistake. Not because I am doubting the skill and intentions of men. Rather, my concern is that it’s women who typically are the most at risk in terms of retirement security for a very simple fact: Women tend to outlive men.
Emergency Fund 101 - How Much Should You Have Saved?
It makes me so sad to read reports that many households don’t have even $1,000 set aside to cover an unexpected expense. What’s so sad is that I know that must cause such stress.
The Four Steps to Retirement Saving
Saving for retirement is a no-brainer. But knowing the smartest ways to do that saving is anything but easy to figure out, given all the choices. Don’t worry, I’ve got you covered. Here’s exactly what you should do, in the order I list:
