Many people find their 40s to be the best decade yet. You’re in your peak earning years, and the kids, if not nearly launched or even out on their own, will soon be past the pricey preschool stage. And if you made smart money choices in your 20s and 30s, you’re beginning to reap the rewards:
A few days ago, I received a Facebook message from a reader looking for dating advice. She was looking for someone stable for a longer-term relationship and that meant that she wanted someone who shared her financial views, which involved spending substantially less than she earned and planning for a future that likely involved early
As our anniversary date approached this year, my husband and I started discussing ways to celebrate. Our initial idea would cost several hundred dollars before even getting to what we’d likely spend on meals, souvenirs, and miscellaneous expenses. Although we had some savings set aside, we decided we didn’t feel comfortable spending that much on
Budgets are often presented as being some kind of magical tool that people can use that will transform their day-to-day life from an ongoing slow-motion financial disaster into a debt eliminating and wealth building machine. Quite often, personal finance books and websites buy into this picture, too. They immediately suggest creating a budget for your
For an individual investor, finding the right financial professional can be a challenge. To start with, there’s the bewildering array of titles, including broker, adviser, planner, manager and even coach. And then there’s all those letters (RIA, CFP, CFA and so on) and numbers (Series 6, 7, 65 and 66) that represent certifications and licenses.
One of the most important things you’ll have to consider when drawing up a comprehensive financial plan is how you want to live in retirement. Ironically, a vital part of that discussion will be deciding what you want to happen when you die. Many Baby Boomers want to leave money to their children and, like