Showing 50 results of 366
Hi, I am 60yo married looking to retire within the next couple of years. My house is paid off and per Zillow would likely sell for around $1M. I live in Seattle. I had a recent realization that I coul...
Before I retired I made this long list of things I always said I'd do "when I have time." Now I have the time and honestly I don't know where to start. When I was younger I used to watch kids doing st...
What if budgeting wasn't about restriction, but about giving every dollar a purpose? This week, Roger sits down with Jesse Mecham, founder of YNAB (You Need A Budget), to discuss the power of intentio...
Here's a step-by-step process (with screenshots) on how to open a 530A (Trump) account for the children in your family. The post How to Open a 530A (Trump) Account for Your Child appeared first on The...
Retirement planning is often dominated by withdrawal rules, Monte Carlo probabilities, and portfolio‑centric heuristics. But none of these tools directly measure the core financial question every reti...
A custodial Roth IRA lets parents help a child with earned income start building long-term wealth. By starting early, children gain decades of potential tax-free growth while learning the value of sav...
One of my biggest fears as a parent is raising kids who can’t launch into adulthood on their own. My hope is that by 26, three years after college to find their footing, they can support themselves wi...
Parents planning to leave money to their children fear one thing: Will wealth make their character or break it? There are some practical ways to find out.
More than half of Americans in their 40s are considered the "sandwich" generation, supporting both their aging parents and raising kids. Here is how financial advisors can support them.
Delaware Statutory Trusts (DSTs) can keep capital gains taxes at bay when your children inherit your property. But you need to handle them smartly.
I recently got an e-mail from a reader who’s on the fence about having kids, wondering why we decided to have a kid, and how they can make the decision. I told him while I couldn’t give them the answe...
Like the title says, wondering others thoughts are on the benefits keep life insurance after one is retired. We have no debt, all bills are paid off, including the funeral arrangements. I have an exce...
Planning for retirement can feel overwhelming, especially as you approach the transition from earning a paycheck to relying on your savings. The early phase of retirement brings unique challenges, and...
This plan for Gen X parents running the Bank of Mom & Dad can help you get a handle on how to manage the financial support you give your adult children.
If you're not talking openly with your adult children about money, you're failing to help build their financial independence.
Wisdom can be a far greater gift than money. After all, what good is an inheritance if children don't know the values behind it or have the skills to handle it?
Hello - I’ve really tried to make this short but without success. I hope you’ll read it. I would love suggestions. Hello - I’ve read similar posts but nothing yet that addresses my unique situation so...
Supporting your adult kids shouldn’t mean risking your retirement. Our Wealth Wise columnist explains how to help them when times are tough.
Between Trump accounts and child-friendly investment platforms, it has become much easier for parents to invest for their children’s future.
With the World Cup on, I've been thinking about all the parents currently spending $3,500 to $7,000 a year on travel league soccer, dreaming their child might one day wear the national team jersey. So...
About 9 months ago I decided that July 1st would be MY independence day. Technically it is July 3rd, but that is a holiday and I managed one last PTO day on the 2nd! I've been planning for many years,...
After working for 27 years for the same organization, I found out in late April that my job was being eliminated as of July 1st (a story for another post) I am 64, divorced with two grown children. My...
Retirees worry about outliving their money, burdening their children, or making the wrong market move. But the right kind of fear can lead to better planning — and more peace of mind.
This past Father's Day, June 21, 2026, I had a choice to make. I could play pickleball from 9am to 12noon at an indoor club called Flyte, a 30-minute drive north. Or I could take my kids 30 minutes so...
It seems like retiring enables people to finally live the way we want without forces pushing us to center. For example, we have all day to decide our own activities instead of being corraled in by wor...
I’m 70 years old and I retired 3 years ago after working since I was 11. I have had some truly hard,sweaty and dangerous jobs. I was also lucky to spend my last 25 years sitting at a desk. I never min...
Your kids are already inheriting your financial habits, whether you know it or not. Here's why, and how you can be more intentional about it. The post If Your Kids Inherited Only Your Financial Habits...
This week Roger breaks down IRMAA Medicare surcharges and why retirees should understand them without letting them dominate retirement planning decisions. He explains how the income thresholds work, c...
I am 63 and married for 30 years - husband is 67 and retired from corporate 2+ years ago. We are financially sound - our FA says we are in great shape with nothing to worry about and that I can retire...
Before giving your kids money in retirement, ask these 3 questions to protect your nest egg and their financial future.
The sandwich generation risks its own retirement by supporting parents and children. Protecting savings, planning, and setting boundaries ensures long term stability.
Trump Accounts are a new type of tax-advantaged investment account designed to help children begin saving and investing early in life.
From emergency savings to helping your children, here's how advisors suggest ranking the financial demands competing for your money.
Do you know how you'll afford to age in place, help kids and grandkids now and after you pass and avoid making compromises on your healthcare?
Your spouse and children could be bumped into higher tax brackets if you leave them a substantial sum in an IRA. Partial Roth conversions now can help.
I'm considering retirement or surviving after being retired. 1 and 3 kids move back home to make it. I have friends who retired and have to provide some sort of assistance for their children or grandc...
This week in Kiplinger:https://www.kiplinger.com/retirement/happy-retirement/master-the-art-of-spending-in-retirement No wonder, then, that many retirees at all levels of wealth are pulling the reins ...
After watching my children navigate a much less forgiving economic environment than we had, I've found the best way I could help them. The post Creating a Family Resilience and Emergency Fund for Rare...
Kids who grow up with savings accounts are more likely to learn the basics of managing and investing — and more likely to attend college.
The teenage years are tricky for kids and parents, but they're the right time to start talking openly about money and what you'd do in a medical emergency.
Anyone else in a similar situation? We currently live in the Midwest and I'm not a fan of the 6 month long winters. We could probably do the snow bird thing for a while, but at some point we'd have to...
You might hope for an easy transition, but your children could have different ideas about who gets what. Talking about it early could head off divisions.
Don't put off money conversations with your heirs. Financial education needs to start early, with hands-on opportunities to learn and make mistakes.
When tuition stops, it frees up $30,000 to $80,000 a year. Most households don't have a plan for that money. Here’s how to put it to work. The post What to Do With Money After Kids Graduate appeared f...
I recently received a great comment on my post, Why All Rich People I Know Still Have Life Insurance. It was the last line that stood out. Here's what Marc had to say. I had life insurance ($1M) throu...
Want to give your kids a home down payment? Want to help cover daycare expenses? Instead of writing them a check, transfer appreciated stock into their account.
What looked like smart tax planning could become a problem. And not just for you — your kids could inherit a tax bomb. How to head off potential disaster.
Could one outdated beneficiary form, missing trust provision, or overlooked document completely derail the legacy you intended to leave behind? Topics covered in this episode: The biggest misconceptio...
If wealth management clients have children who are recent college graduates, pointing them in the right direction on their first 401(k)s helps build strong connections with two generations.
Here's something I've noticed: the loudest voices arguing against life insurance after financial independence almost always come from people who aren't financially independent yet and don't have kids....