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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...
With Americans having fewer children and the baby boomer cohort rapidly retiring, it has been immigrants who have been shoring up the U.S. workforce. According to the Migration Policy Institute, U.S. ...
While there is debate over immunizations for children and pregnant women, if you’re over 65, you still need your regular vaccines this fall....
Every few months or so, my husband suggests “I” have a new baby. He carefully uses the word “we” when ... Read more...
My spouse and I are retiring soon and are in that mode of “our house is too big”, “our kids aren’t moving back home”, and “we don’t want to retire here”...
Having children comes with biological and financial consequences. It's hard to afford a family while in school, training, and early career. The post How to Survive Residency as a Single Earner with Ki...
Tuesday, August 12 - Monday, August 18, 2025 Most Commented score comments title & link 85 169 comments Retirees without children or family heirs -- how are you planning your estate? Top Comments ...
I reflected on the expensive possessions I own, while my wife and children seem indifferent to them. Additionally, I’ve developed new interests, leading me to start selling and buying various it...
Trump account is a non-deductible Traditional IRA for kids with no earned income. It isn't as good as a custodial Roth IRA, a 529 plan, or a UTMA account. Learn the Nuts and Bolts I put everything I u...
I would think that how you plan your retirement spending patterns and how much of an estate to leave would change if there is no desire to leave something behind for family members. So what does that ...
Here’s how to support your parents and your adult children without sacrificing your retirement....
Raising kids isn’t easy at any age, especially when you thought you were done. Now, over 2 million grandparents in the U.S. are doing it all over again. For many, this wasn’t part of the p...
I am in my early 50s. With luck, I’ll be able to retire around 60. I find it harder and harder to be motivated to continue the grind. I know I need to. I have to get my kids through college, pay...
Can a children’s poem change how you think about retirement? In this episode, we unpack the hidden wisdom in Shel Silverstein’s “Smart” and how it reflects a common retirement ...
Over the last few years, I interviewed members of my family to find out two things: How I became the Mad Fientist (i.e. where did I get my extreme ideas about money) What advice they'd give to parents...
I retired at 60 and have been living well. Bought a retirement house on an island in the Pacific Northwest. Traveling, visiting our children and enjoying ourselves has been a way of life since Covid e...
As parents, it’s our job to teach kids how money works because most schools won’t. It’s not just about saving, it’s about earning, spending, and thinking clearly in a world tha...
What does it really take to build lasting family memories with your kids and grandkids, especially when everyone’s busy and scattered across the country? In this heartwarming and practical episo...
When aging parents need help, the last thing they want to see is their kids fighting over it and the costs. Use experts to conduct family meetings to reduce conflict....
Today we are answering your questions about estate planning and passing on of wealth to future generations. We talk about the value of giving your kids their inheritance earlier in life when they need...