More Articles for Your Family

A hidden Social Security windfall for divorcees

CFP®, Dana McLaughlin, Senior Wealth Advisor, C(k)P®, LLC, and Beirne Wealth Consulting Services •
Kiplinger

For divorcees nearing retirement, time is of the essence to thoroughly analyze your financial readiness–and Social Security is often not given its due attention. It not only ensures a consistent income stream, but it is also somewhat customizable to individual circumstances. Social Security benefits are far more complex than many people realize. But a financial

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A simple guide to college savings plans

Taylor Schulte, Founder, Define Financial, CFP, and CEO •
Kiplinger

The grand estimated cost to send my hypothetical unborn child to my alma mater–the University of Arizona–in 18 years: $440,223! It’s also close to the current median home price in San Diego. The cost of college will continue to increase by an average of 5% per year, as it has over the past decade, according

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Financial planning for special-needs children

Kimberly Lankford, Contributing Editor, and Kiplinger's Personal Finance •
Kiplinger

Jessica and Nathan Pugh’s 5-year-old son, Lachlan, has a rare brain malformation that affects his motor skills, but that doesn’t seem to slow him down much. Lachlan enjoys zipping around in his motorized wheelchair, and he is content to spend hours in the toy aisle at Target. “He’s a very stable, happy and super fun

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New strategies to get more financial aid

Staff Writer, Kiplinger's Personal Finance, and Kaitlin Pitsker •
Kiplinger

Starting this fall, the process of applying for financial aid gets a reboot. College students and their families will be able to file the Free Application for Federal Student Aid–used to determine financial aid from the government as well as from colleges–three months earlier, or as early as October 1. Instead of estimating data from

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Why your kid needs a Roth IRA

Founding Publisher, Editor, Moneypaper, and Vita Nelson •
Kiplinger

As a Kiplinger reader, I’m sure you’re aware of the advantages of a Roth IRA compared with a traditional IRA. The main benefit, of course, is that under current law, qualified Roth IRA distributions aren’t taxed, no matter how much income is reported on the owner’s tax return. What you may not know is that

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