What to Think About Before Leaving Your Home to Your Children
It’s always interesting to hear people talk about their home. Many view it primarily as an asset, an investment. I tend to side with Jonathan Clements who recommends on this site that you should consider a home as the place that you live first, and not primarily as...
read moreEstate Planning an Essential Step for Every Retiree
ThinkAdvisor, May 11, 2015 Planning to pass on—it’s a touchy subject with many clients, but one that has to be addressed. A proper estate plan can maximize the assets a client’s heirs receive, and it can drastically reduce the hassles, heartaches and expenses inherent...
read moreParents: Are You Legally Ready for Your Kids to be Adults?
Few parents greet their children's 18th birthdays with the joy of crossing a marathon's finish line, thinking that their job is done. But in some ways, it is. Your 18- year-old may or may not seem like an adult to you, but in the eyes of the legal and financial world,...
read moreHow to Handle Finances with Your Boomerang Kid
The surge in adults returning to live with their parents after college and beyond is taking a significant bite out of those parents' finances. According to the Pew Research Center, the number of adults ages 25 to 34 living with their parents or grandparents rose from...
read moreIt’s Time to Talk About Taboo Money Topics with Your Kids
By Michele Lerner While a recent survey by Citi (C) shows that nine out of 10 parents teach their kids about money and 59 percent say they talk to their kids about personal finance, there are still a few financial topics that parents prefer not to discuss. “Our survey...
read more10 Signs Your Kid Could Be Headed For Financial Failure
By Michele Lerner While parents love to look for signs that their kids are musical prodigies or potential Olympic athletes, many don’t know how to recognize the signs that their teen and young adult offspring are floundering when it comes to money management skills....
read moreWhat Worries Parents Most About Their Kids’ Finances
By Michele Lerner Whether you’re a helicopter parent who frets over every one of your child’s activities or a freerange parent who takes a hands-off approach to raising your kids, you are both likely to share a concern about your children’s financial future. And it’s...
read moreSavings account tips for every age group
By Michele Lerner • Bankrate.com Whether you’re a baby boomer struggling to the finish line so you can retire or a millennial facing your first adult responsibilities without a plan, you need some strategies to increase your savings and become financially secure....
read moreLong-term Limits?
In an increasingly complex marketplace, the rules are changing for long-term care insurance April 15, 2014 By Ric Runestad, Owner & Principal, Runestad Financial Services To buy, or not to buy—that is the long-term care insurance question for many Baby Boomers. At a...
read moreHow Fear May Be Costing You Money
March 21, 2014 | By Geoff Williams | U.S. News & World Report “It’s always difficult to share negative financial news, but everyone should remember that it’s best to confront any issues as early as possible. Waiting always compounds the problem. Asking for help...
read moreWithdrawal Strategies: Should Clients Use Annuities?
BY DONALD JAY KORN Financial Planning Under the so-called 4% rule, a retiree can start by withdrawing 4% of accumulated savings, raise withdrawals to match inflation and, with certain assumptions (diversified portfolio, historic results for investments and inflation),...
read moreRising Mortgage Payments Threaten Homeowners’ Financial Security
Dan Rafter | HSH.com | Mar 05, 2014 Did you receive an interest-rate reduction as part of a Home Affordable Modification Program (HAMP) loan modification in 2009? If so, the lower monthly payment that came along with it might begin a steady increase starting this year...
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