Sarah and I welcomed our first child into the world in 2005, not too long before the launch of The Simple Dollar. Since then, we’ve been on this shared journey called “parenting,” and as our firstborn has grown older and we’ve added two more children to the mix, the challenges have grown and changed. In
How do you plan to fund your children’s education? You’re probably counting on scholarships and grants, right? Reliance on scholarships and grants is the highest in a decade, while college savings is on the decline, according to a new report from Sallie Mae. Savings covers less than one-quarter of collegiate funding for the typical family.
For a tax-conscious investor, finding tax-efficient investments is the key to successfully saving for retirement. Not everyone thinks about the tax consequences on their investments and trusts that their financial advisers will be knowledgeable before making a recommendation. Often, it is a challenge for advisers to educate themselves on all of the tax laws that
Recently, The Atlantic published a tremendously powerful article by Alana Semuels entitled This Is What Life Without Retirement Savings Looks Like, which is well worth reading for anyone who is hedging their bets on the question of whether to save for retirement at all or whether to save more for retirement. It opens with the
When a loved ones get older, their physical health isn’t the only thing at risk of deteriorating. If their mental health declines, they may have trouble managing their money on a day-to-day basis, and could even become vulnerable to scams or identity theft. Here are five steps for managing elderly finances you can start taking now
Everyone dreams of that first day of college. The friends you will meet, the experiences you’ll be exposed to, the school spirit you’ll develop. But paying for that dream can be a nightmare if you don’t have a surefire plan. However, you can avert all that if you save from early on. A college education