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My wife's cousin just passed away. He was 80 years old and living by himself in Florida, far from the other cousins. He wasn't married and had no kids. My wife and another cousin are now scrambling to...
As soon as both my children were born in 2017 and 2019, I superfunded their 529 plans equal to the five-year gift tax exemption. At the time, I was thrilled to do it given a parent's number one respon...
I am in my early 50s. With luck, I’ll be able to retire around 60. I find it harder and harder to be motivated to continue the grind. I know I need to. I have to get my kids through college, pay...
Can a children’s poem change how you think about retirement? In this episode, we unpack the hidden wisdom in Shel Silverstein’s “Smart” and how it reflects a common retirement ...
I retired at 60 and have been living well. Bought a retirement house on an island in the Pacific Northwest. Traveling, visiting our children and enjoying ourselves has been a way of life since Covid e...
What does it really take to build lasting family memories with your kids and grandkids, especially when everyone’s busy and scattered across the country? In this heartwarming and practical episo...
Imagine spending your life building wealth, investing in real estate, stocks, or your business, with the hope of leaving a legacy for your children. Then one day, you find yourself wondering:Will the ...
I need something to do, and reading is one of my favorite pastimes. After reading the statistics on reading levels in my state, I was appalled to learn that 40% of children cannot read at grade level....
Now that the One Big Beautiful Bill is law, let's talk about Trump Accounts for babies and how they compare to other accounts for kids. The post Trump Accounts — What to Know About This ‘B...
We lived in our 4/2 house for 32 years, mortgage is paid, kids are moved out, no pets, a pool that seldom used, we have several rooms the seldom entered except to dust and vacuum. Far too much house f...
I haven’t watched the Oscars in years, but somehow I always know who slapped whom, which deserving actor got snubbed, ... Read more...
As college costs rise, parents are resorting to increasingly costly means to pay for their children's educations. Financial advisors say the loss in retirement savings is rarely recovered....
Mr. 1500 Days is a family guy living in Colorado with his wife and two teenage children. He studied biology ... Read more...
Parents are devoting more time, resources, and money than ever to their children’s sports, spending over $1,000 annually on average per child for the primary activity alone....
Retiring early has been the plan since I was a teenager. I wanted freedom, control over my time, and the chance to be present for kids I didn’t even have yet. So I built a plan, stuck to it, and...
The financial implications of education strategies can be tough, but the question of how we educate our children can't be reduced to money. The post Education Costs: Why Jim Dahle Misses the Mark on P...
Not long ago, dads taught their kids the simple skills life required. Some were directly taught, others were picked up by example. Now? Many of those basics are missing, and younger adults are paying ...
As Father's Day approaches, I remember how my father's small acts of love and generosity added up over time and influenced my relationships with my own children, proving that the best investments can ...
Even wealthy aging parents can overspend and enganger their financial safety. Adult children need to watch over finances and take action when spending is out of control....
Here's how you should think about making sure you fund your retirement while also potentially saving for your kids' college education. The post Balancing Retirement and College Savings appeared first ...
If you are a parent, your mission is clear: develop into a rich Bank of Mom & Dad to save your children. If you don’t have wealthy parents yourself, then unfortunately, life might stay on ha...
Seven years ago I created a notebook of important papers for our kids/surviving spouse for when one or both of us is gone. One of my summer projects is updating it. For example, I'm giving up on inclu...
The new savings accounts, likened to a “401(k) for kids,” are included in the bill passed…...
I'm 61, wife is 51 and we have 2 more kids to get through college so I plan to work until they at least complete undergrad studies in about 6 yrs. I own my own business and plan to adjust my hours at ...
Okay, so who spread the rumor that savings are ‘bad, actually’ when thinking about college for kids? I’m aware that ... Read more...
Now that Little Matchstick is more than a year old, other parents and our family members have started asking, “are you putting him in daycare?” When it comes to raising kids, everyone and ...
A family of (4) - a stay at home mom. (2) small kids and a dad that makes very good money from securing his degree and he is climbing the ladder. Own their nice home with a mortgage, two cars, are fin...
If you’re a personal finance enthusiast with kids, you’ve probably wondered: at what household income level will colleges stop offering scholarships and grants (i.e., free money) to help y...
Doctors are in the top 1%-2% when it comes to pay and prestige. Here's how they can help their kids deal with potential shadow syndrome. The post Shadow Syndrome appeared first on The White Coat Inves...
We are probably a few years from retirement. Depending on health and finances it would be between 2-5 years. I am 60 and my wife will hit 60 in a few months. We have two of our kids live in the area b...
Adult children with aging parents face fears about elders running out of money. They still have kids at home and they feel burdened....
Answering reader questions about the difference between Roth and traditional IRAs, the process of opening Roth IRAs for your kids, and what to do if you over-contribute to your 401(k). The post Roth I...
If you think most millionaires are tech bros, Wall Street guys, or kids born into money, think again. Most millionaires aren’t even doctors, athletes, or lawyers like everyone thinks. The real m...
Your financial planner may urge you to downsize in retirement. Your kids may even pressure you. But be sure it's right for you before you make a move....
The families of more than 1 million children and teenagers with serious physical and intellectual disabilities are receiving Supplemental Security Income, or SSI. But a 1996 reform made it harder to k...
My wife and are only 18 months retired, and we haven’t encountered anything that has seriously blown up our retirement lifestyle of choice — yet. But we know others that have. Kids have mo...
Back in 2019, I remember being surprised at a survey by toy maker Lego that asked young adults what they wanted to be when they grew up. The top answer wasYouTube creator! Of the 3,000 children survey...
I’m 75 sf, and living with my mother, 97. She’s not dying and in fact quite healthy. When she does pass I plan to move closer to my kids, who live 1500 miles away. So my daughter txted tod...
Is immortality achievable? With longevity science booming, you (or your children) might make it to age 150....
With its fate hanging in the balance, it’s a good time to remember the Consumer Financial Protection Bureau arose out of subprime mortgage scams like these. A mother who moved her young children...
Children’s book author and CERTIFIED FINANCIAL PLANNER® Jamie Bosse explains how to teach your grandchildren about money....
Letting your children know your intentions while you're still around to explain your reasoning, and while you can make adjustments, can limit discontent later....
Four categories are recognized under current regulations to qualify as an Eligible Designated Beneficiary (EDB). These include the surviving spouse, minor children of the decedent, a disabled or chron...
In this episode we are giving helpful tips to discuss with your children and grandchildren. Help them understand the importance of compounding interest at a tax free growth. We Also discuss the import...
Hubs and I are both retired in our 60's and 70's. We owe about $120K on our house at a 2.75% rate. No kids, thus no grandkids. We have several nieces and nephews that we are close to that have been ve...
Caring for parents and children can be a balance. But with a positive, proactive approach, navigating these requirements while planning for a secure retirement doesn’t have to be a high-wire act...
When drawing up powers of attorney, older parents will most likely name adult children as their representatives. But is that always the smart choice?...
How you grow up shapes you financially. That can make things tricky for couples and their kids, so follow these four steps to help establish your family values....
If you had children later in life, they might be entitled to Social Security benefits when you retire....
I am retiring very soon. The wife and I are wanting to leave the cheap cost of living small town we live in now and move closer to our kids. Unfortunately, we will need to spend roughly an extra $300K...