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We have $3.9 million saved. Our adult children are struggling to pay for daycare and buy a home. Should we give them an advance on their inheritance?
Publishing a book is no joke, but publishing a book while trying to raise a kid is the next level of crazy. Before having kids, we had no idea how much sacrifice, time, and effort goes into parenting....
UK here and realise a large US audience may have different ‘normal’ for cars but let’s see Have always driven family/practical cars. Enough space for car seats and strollers and lanky teenagers and ho...
As a veteran retirement investor, I'm sharing this advice for your own adult children or grandchildren.
For Gen X, delaying retirement can be an opportunity to pilot-test your second act, plan for your inheritance and structure trusts for your kids.
Got a seriously good/very bad job with lots of stress. Happy to let the job go so I can take care of my mom, not die before retirement like my dad and enjoy my few remaining years. What have I not tho...
An inheritance can mean extraordinary freedom for your loved ones, but could also cause more harm than good. How can you ensure your family gets it right?
What are Trump Accounts? This guide explains new 530A child investment accounts, including eligibility, the $1,000 Treasury deposit and key tax rules.
As a FIRE parents raising two children in San Francisco, we rely heavily on our investments to remain free. If we significantly misjudge returns, we increase the probability of having to go back to wo...
By many objective measures, 2025 was a good year. Investment returns were solid. I published another bestseller in Millionaire Milestones. My kids are healthy, happy, and continuing to grow in loving ...
Millions of people over 65 care for grandkids, adult kids or aging parents and will also need care themselves. Building a caregiving strategy is crucial.
Are you living below your means in retirement because you fear not having enough to leave to your kids? Here's how to get over that.
As I watched my kids tear through their Christmas presents, I felt an unexpected twinge of melancholy. I knew the thrill over that one toy they had wanted for so long would be fleeting. Soon enough, i...
Happy New Year! In a strange turn of events, we didn’t all get the plague this year and are somehow all healthy and well-rested. Maybe this has something to do with the fact that we already paid the p...
Jeremy Keil weighs the opportunities and risks associated with giving your money away to your kids and charity. Most retirees I talk with don’t worry about whether they can give money away. They worry...
Out here in the working world the flu is a big topic as so many people have been out sick. I primarily work from home, but my spouse is seeing lots of illness running through his area and said the pur...
Many older Americans should review whether their estates or adult children might be required to pay for long-term care they received.
A few weeks ago, Michael Green published a post where he argued that the poverty line for a family of four in the U.S. wasn't $32,100 in annual income (as currently claimed by the Department of Health...
Today, I'm thrilled to welcome Fritz Gilbert back for his second appearance on the podcast. Fritz is an award-winning blogger and author of The Retirement Manifesto, one of the most influential retire...
Jeremy Keil explores 7 money moves you can consider before the new year to lower your taxes and keep more of your money in retirement. Every December, people scramble to finish holiday shopping, trave...
In this episode, Roger Whitney, a retirement planner with 30 years of experience, breaks down annual gifting limits and year-end planning. He shares practical strategies for giving that make a real im...
Michael Dell and his wife, Susan Dell, plan to give away billions of dollars to fund investment accounts for children in the United States.
We always overestimate the change that will occur in the next two years and underestimate the change that will occur in the next ten. Bill Gates Having been retired for over 10 years now and taken 9 y...
A parent may transition a business to children as part of a succession plan. Be careful about the transfer of goodwill as the IRS may argue it was a gift.
Many adult children want their aging parent to move closer and be in assisted living. Beware of the pitfalls and find a right fit with your elder's personality....
Long term readers of this blog will know that I had a horrific birth experience and exhausting first month after the birth of my son. What I didn’t tell you at the time, was that there was somet...
Joe Anderson, CFP® and Big Al Clopine, CPA spitball withdrawal strategies, Roth conversion timing, and saving priorities for every stage of life, today on Your Money, Your Wealth® podcast numb...
Retiring soon. Looking for insights on my ability to retire, and things I haven’t considered — especially from women in similar life circumstances. I have 600K in mixed retirement accounts...
I was reading the fantasy novel "The Farthest Shore" by Ursula LaGuin and came across this beautiful passage: " When I was young, I had to choose between the life of being and the life of doing. And I...
Why am I so intent on accumulating wealth, despite not having children? It's because of my scarcity mindset. Here's how I'm working on it. The post The Queer Scarcity Mindset appeared first on The Whi...
Interesting Social Security Scenario - What’s your take on this? ? or ? A (breadwinner) parent divorced a real deadbeat parent after 14 years of marriage -and (2) kids. Neither ever remarried. T...
In the final installment of our 3-part estate planning series, we dive into one of the most overlooked—but critically important—aspects of planning: protecting your heirs' inheritance. It'...
In this episode, we tackle Kay's questions about managing her IRA and Roth accounts in retirement. With significant assets, no LTC insurance, and children in differing financial circumstances, Kay wan...
My wife and I plan to retire at the end of 2028. While we both have good paying jobs now, for most of our adult lives, we've been barely making it - raising children and living paycheck to paycheck. O...
We all hear about the regrets many people have in retirement, probably too many to list. Most of those regrets have to with money and/or timing of peoples retirement, or decisions made about health in...
As I was pumping my own gas today, I was thinking about going to the gas station when I was a kid and the attendant would pump, clean your front and rear windows, and ask if you'd like him to check yo...
Some parents were abusive to their kids growing up. There is estrangement. But do adult children help when that aging parent is in dire need? Some do, and some do not....
Converting to a backdoor Roth IRA via an IRS "loophole" is an estate planning tool that gives heirs tax-free income in retirement. It can help you, too....
We may never think we need a legal document to help an adult child in an emergency. But in this real case, parents did not have what they needed. A nightmare resulted....
A high percentage of plans fall short of meeting their owners’ goals because central players in executing the plan didn't know key facts....
Spending changes for your household between when kids were in high school and retirement Assuming your spending actually went down, and you had kids, what level of decline did you see in household spe...
It’s been several months since we returned from Hawaii, and surprisingly, my FOMO about the AI tech boom has faded. Sure, I still don’t have a job paying me gobs of money as AI CapEx surge...
It's a tricky period when your adult child is under 26 but needs health insurance. We ask financial experts for advice....
M64 wife is 57, no kids. We have just north of 4 mil in liquid assets split between 3 in after tax and 1+ in 401k. How much should we have in real estate vs bonds,equities and annuities? I’m ant...
After co-founding Busy Bees—later spotlighted by Gwyneth Paltrow’s Goop—Shannon Spotswood returned to finance, helping build RFG Advisory into a platform that supports 65 independent...
When children are young, it can be hard to meet immediate costs, let alone save for the future, but these five habits can help build lasting financial security....
Spouse and I are retiring soon and have both greatly reduced our work schedules. We are fortunate to have kids and grand kids living nearby and we also have a 6 month-old Lab puppy. We did not want to...
The rule of self-reliance holds that your well-being in old age is up to you, not your children. Because "nothing can bring you peace but yourself."...
You've met your savings goal, your friends are having fun without you, your boss is mean to you, and your kids are grown and gone. What are you waiting for?...
One of my greatest blessings was getting financially literate before I made big money. Here's how to teach your kids about money early. The post 8 Ways to Teach Your Kids About Money appeared first on...