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Since 2009, I've been writing about all the ups and downs of my financial independence journey, the good and the bad. What I can clearly say is that who you partner with in life is one of the most imp...
From JL: Turns out you can still travel, even with a kid. Who knew? Certainly not their detractors. For years they confidently said, “You can only travel as you do, and be FIRE’d, because you don’t ha...
Joe Anderson, CFP® and Big Al Clopine, CPA spitball on how to build your own retirement AND support your kids financially, today on Your Money, Your Wealth® podcast number 575. "Lloyd and Diane" in Mo...
I'm disappointed my son can't go to Greece with us, but we can't reschedule. I want him to feel we are treating him fairly.
As many people live longer, inheritances have shifted from life-changing events to late-in-life supplements. The timing of an inheritance is crucial.
We love our grandkids, but we're not a summer camp.
When parents are absent, caregivers may not be able to make emergency decisions for a child without a Delegation of Parental Authority. Here's how to set it up.
If you have a blended family, this estate planning tool can provide for your surviving spouse while passing assets to your children from a previous marriage.
Jeremy Keil explains 3 smart ways to help your kids with money while avoiding IRS paperwork Early in the year, I received an email from a couple asking a question I hear all the time: “What’s the maxi...
Both of my nieces children have everything they need (both sets of parents are very well off). At Christmas, we traditionally give them a small gift (~$25) and a check for $50 each. This year, it was ...
It’s natural to want to share your retirement nest egg with family. Learn how to give generously without putting your own financial security or tax bracket at risk.
We have $3.9 million saved. Our adult children are struggling to pay for daycare and buy a home. Should we give them an advance on their inheritance?
An inheritance can mean extraordinary freedom for your loved ones, but could also cause more harm than good. How can you ensure your family gets it right?
What are Trump Accounts? This guide explains new 530A child investment accounts, including eligibility, the $1,000 Treasury deposit and key tax rules.
Many older Americans should review whether their estates or adult children might be required to pay for long-term care they received.
Retiring soon. Looking for insights on my ability to retire, and things I haven’t considered — especially from women in similar life circumstances. I have 600K in mixed retirement accounts...
As I was pumping my own gas today, I was thinking about going to the gas station when I was a kid and the attendant would pump, clean your front and rear windows, and ask if you'd like him to check yo...
Converting to a backdoor Roth IRA via an IRS "loophole" is an estate planning tool that gives heirs tax-free income in retirement. It can help you, too....
A high percentage of plans fall short of meeting their owners’ goals because central players in executing the plan didn't know key facts....
Spending changes for your household between when kids were in high school and retirement Assuming your spending actually went down, and you had kids, what level of decline did you see in household spe...
It’s been several months since we returned from Hawaii, and surprisingly, my FOMO about the AI tech boom has faded. Sure, I still don’t have a job paying me gobs of money as AI CapEx surge...
It's a tricky period when your adult child is under 26 but needs health insurance. We ask financial experts for advice....
M64 wife is 57, no kids. We have just north of 4 mil in liquid assets split between 3 in after tax and 1+ in 401k. How much should we have in real estate vs bonds,equities and annuities? I’m ant...
One of my greatest blessings was getting financially literate before I made big money. Here's how to teach your kids about money early. The post 8 Ways to Teach Your Kids About Money appeared first on...
Every few months or so, my husband suggests “I” have a new baby. He carefully uses the word “we” when ... Read more...
Having children comes with biological and financial consequences. It's hard to afford a family while in school, training, and early career. The post How to Survive Residency as a Single Earner with Ki...
Trump account is a non-deductible Traditional IRA for kids with no earned income. It isn't as good as a custodial Roth IRA, a 529 plan, or a UTMA account. Learn the Nuts and Bolts I put everything I u...
I would think that how you plan your retirement spending patterns and how much of an estate to leave would change if there is no desire to leave something behind for family members. So what does that ...
Over the last few years, I interviewed members of my family to find out two things: How I became the Mad Fientist (i.e. where did I get my extreme ideas about money) What advice they'd give to parents...
As parents, it’s our job to teach kids how money works because most schools won’t. It’s not just about saving, it’s about earning, spending, and thinking clearly in a world tha...
When aging parents need help, the last thing they want to see is their kids fighting over it and the costs. Use experts to conduct family meetings to reduce conflict....
Today we are answering your questions about estate planning and passing on of wealth to future generations. We talk about the value of giving your kids their inheritance earlier in life when they need...
Retiring early with kids sounds perfect, but the reality isn’t always easy. I retired in 2021 at the age of 42 with twin one-year-olds and a three-year-old. There’s more time, more memorie...
You can leave your kids a house, some money, and maybe a few good stories. But if you’re not careful, you might also leave behind legal problems, debt, or emotional stress they didn’t ask ...
If your adult child needs financial help, of course you want to provide it, but crafting a plan that also protects your financial and emotional well-being is vital....
Steve Chen & Andy Hill discuss how to turn negative net worth into Coast FI, spark kids’ money talks & own your family time. The post Podcast 97: Money, Marriage, & Raising Financial...
Summer shouldn’t just start and end with pool parties and backyard cookouts. For kids, it can be a springboard of ... Read more...
Involving your children in your planning is one of the most powerful ways to protect your legacy and give your loved ones the clarity they’ll need when it matters most....
If your kids are likely to inherit and you're worried about how they'll manage, start talking about money and teaching common-sense habits as soon as you can....
Answering reader questions about finances and family members, including what to do when you are supporting your parents financially, how the gift tax works when your parents are giving you an early in...
“Of all the bloggers and podcasts I've read and listened to, I never heard anything mentioned about CCB or Canadian Child Benefit. I would love it if you write a blog about this so that everyone...
When I tell people my oldest is booked solid with summer camps, it doesn’t feel like bragging — it feels ... Read more...
You ever meet someone who just gets how money works, even at a young age? That’s not luck. That’s parenting. Wealthy parents don’t just hand over cash, they hand over mindset, habits...
Thirty-eight percent of parents providing financial support to their adult children say it…...
“You’re only renting because you don’t have kids.” “Your lifestyle doesn’t work for families.” “You’ll change your tune when you have a baby.&rdqu...
As an oncology RN, I see how much kids do to help their parents as they age. I also see how much my sister has done for my mother. Kids are no guarantee, but they can be a great source of support and ...
59 to 68 million Americans are in the sandwich generation. Get 8 powerful tips for managing this stressful time of life. The post Resilient, Responsible, and Right in the Middle: A Mother’s Day ...
“You’re only renting because you don’t have kids.” “Your lifestyle doesn’t work for families.” “You’ll change your tune when you have a baby.&rdqu...
Supporting adult children comes at a high cost. And an increasing number of parents are finding themselves doing just that. Here are some of the key findings of the 2025 Savings.com report: Half of pa...
There comes a moment when your child might look up and say, with wide-eyed innocence: At first, you may feel a surge of pride. Your hard work is being seen. You’ve become a role model. But almos...