Latest Articles

3 myths about your 401(k)

Jon Gorey •
The Simple Dollar
elderly couple having romantic walk on the beach at sunset

With traditional pensions all but disappearing, the workplace retirement plan has become the bedrock of many people’s retirement savings strategy. Four out of five Americans work at a company that offers a 401k (or a variant such as a 403b). And while far too many workers still don’t or can’t contribute to their 401k, it’s


Don’t overlook these tax credits for college

Kimberly Lankford, Contributing Editor, and <i>Kiplinger's Personal Finance</i> •
Concentrated college student drawing on paper

I’ll have two children in college this year – my daughter is starting her junior year, and my son will be a freshman. Can I take the American Opportunity Credit for expenses for both of them?   Yes, as long as you meet the income requirements. The American Opportunity Credit is worth up to $2,500


5 cheap things to do with kids when school is out

the editors of Kiplinger's Personal Finance •
Grandmother and grandchildren having fun at outdoor.

It’s all too easy to spend a fortune to keep your kids occupied during school breaks. Camps are expensive, and the cost of a family vacation adds up quickly once you factor in transportation, lodging, meals out and activities. For budget-conscious parents, there are affordable alternatives. Take a look at five cheap (and fun!) things


5 avoidable mistakes in the will you write

CFP®, Owner, Esq., Daniel A. Timins, and Law Offices of Daniel Timins •
Grandparents Helping Child Doing School Homework

I have seen my share of client-drafted wills. While most people opt to have a lawyer draft their last will and testament, there is no requirement that an attorney do so. If you do opt to draft your own will, make sure to avoid the following five mistakes that I repeatedly see in layman-drafted documents:


Clarify your retirement goals with these 4 questions

Founder, president, Les Goldstein, Personal Financial Strategies Inc., and Investment Adviser •
Granddaughter enjoying piggyback ride.

What’s important to you about money? I ask clients and potential clients this question all the time, and I’ve learned — after having had thousands of these conversations — that few people give the topic much thought. That’s unfortunate, because the answer — or answers — will help you focus on what matters to you