Showing 50 results of 152
Sep 29 2024
Juggling kids, aging parents and work? No wonder you don't want to talk about your own retirement. But there are four key areas you should be discussing now....
kiplinger.com
Sep 25 2024
Recently, I hit a major milestone in my journey to overcome what I like to call “frugality disease.” I spent $160 for an hour of private lessons for my two kids. In the past, I would&rsquo...
financialsamurai.com
Sep 18 2024
More than 8 in 10 older adults receiving personal care get that assistance at home. And nearly all that help comes from family members or friends....
forbes.com
Sep 17 2024
This past year, as we traveled, I received all sorts of comments from both Americans and Chinese about how “brave” ... Read more...
physicianonfire.com
Sep 16 2024
Some adult children, used to an aging parent's independence have trouble facing the need for a caregiver. It's expensive. The elder's assets need to be used to pay for it....
forbes.com
Sep 12 2024
The Supplemental Security Income program supports more than 1 million disabled children nationwide. Poor and low-income families receive monthly cash payments of up to $943 to help with their care. In...
crr.bc.edu
Sep 12 2024
Answering reader questions about how to help your kids build wealth by funding Roth IRAs, HSAs, and 529s; using brokerage accounts to get an attractive yield on cash; and making sure you get your full...
whitecoatinvestor.com
Sep 07 2024
Many people value family and family relationships more than anything. So on this episode, we discuss a number of ways that kids and grandkids can end up influencing retirement plans. Glenn is availabl...
retirementroadmappodcast.podbean.com
Sep 06 2024
Many of us only became financially literate when we were adults. But how much would things have changed if we learned about finance as kids? The post Age-Appropriate Money Conversations: Teaching Kids...
whitecoatinvestor.com
Sep 04 2024
If you have a special needs child, you know that your retirement plan will need to include plans for their future. How do you create a great retirement while honoring and caring for your child with sp...
share.transistor.fm
Sep 03 2024
Parents often help out their kids with adulting matters, especially major life-changing events like … well, having kids. Probably with restraint and trying not to meddle. Even with the caveat t...
reddit.com
Aug 31 2024
The best parenting advice I ever got applies to all the thorniest issues we choose to address with our kids—sex, alcohol, drugs, rock ‘n’ roll, and yes, money....
forbes.com
Aug 29 2024
People are getting married later and kids move out later. For instance I am 62 and going to back to school night tomorrow for my youngest. I can’t downsize yet and I still got my wife and three ...
reddit.com
Aug 29 2024
Stop worrying that you’ll be a burden on your children; instead, spend the time it takes to prepare solid plans that your kids can follow....
forbes.com
Aug 27 2024
When adult kids make financial mistakes, their parents can suffer. So, step in early to help your kids succeed, instead of letting their regrets become yours....
kiplinger.com
Aug 27 2024
In my conversations with my kids, one topic that frequently comes up is the idea of knowing when enough is enough. It’s a lesson that, while simple, holds profound significance for our happiness...
dadisfire.com
Aug 23 2024
Like most people, I enjoyed watching the Olympics. Some of us might even imagine our children becoming elite athletes one day. Unfortunately, becoming a great athlete is prohibitively expensive for mo...
financialsamurai.com
Aug 22 2024
If you're a real estate investor with children, you may face two significant challenges. The first challenge is holding onto your rental property for as long as possible. You understand that the longe...
financialsamurai.com
Aug 22 2024
We’re mid-60’s and considering this within 5 years. We’re currently assisting 88 year old father-in-law and his wife with Dr appts and other miscellaneous things, and we won’t ...
reddit.com
Aug 21 2024
'm 66, wife is 65. I've been "educating" our daughter relative to her 401K, her Roth IRA, cash/savings account, etc. The idea is that If I pass before my wife, it's my daughter to whom I'm trusting to...
reddit.com
Aug 19 2024
No one wants to be told no. Of course that’s true. But parents forget it. Little kids spend the first few decades constantly told no. Why? It’s easy for parents to say no. We have a rule i...
dadisfire.com
Aug 15 2024
I immigrated to the United States when I was six years old. For the first three years of my American ... Read more...
physicianonfire.com
Aug 14 2024
If you have a special needs child, you know that your retirement plan will need to include plans for their future. How do you create a great retirement while honoring and caring for your child with sp...
rogerwhitney.libsyn.com
Aug 12 2024
Our offspring live too far away for frequent visits -- about a 2.5 hr flight away. I know a lot of retired couples move to be close to their children, maybe because they're hoping their kids will take...
reddit.com
Aug 09 2024
Sixty-seven percent of parents expect to pay at least some of their children's higher…...
401kspecialistmag.com
Aug 08 2024
When you're gone, you want your heirs to be happy and successful and for your life's legacy to live on. Creative estate planning can help with all of that....
kiplinger.com
Aug 06 2024
It is natural for a parent to want to help their children financially, but helping kids financially isn’t always the best decision. You may end up hurting them more than helping them – esp...
401kmaneuver.com
Aug 04 2024
To prepare your children to take over your family's financial legacy, teach them about money as if they were interns on the path to senior management....
kiplinger.com
Aug 03 2024
Every business, no matter how large or small, can be compared to a lemonade stand. This simple concept has been the foundation for teaching my son, who is now 7 years old, about money. Ever since he w...
dadisfire.com
Jul 29 2024
Here are eight reasons why your kids should be involved with your estate planning meetings (and one potential downside to it). The post Why You Should Bring Your Kids into Your Estate Planning Meeting...
whitecoatinvestor.com
Jul 26 2024
My wife and I are in our mid-60's and retired. We (supposedly ;-) have enough money to last us through our lifespans, We do not have any children or close younger relatives and we both have parents wh...
reddit.com
Jul 19 2024
There's a classic saying, “Youth is wasted on the young.” It's meant to convey that those who are young lack the perspective to appreciate all the advantages of youth and thus take it for ...
financialsamurai.com
Jul 10 2024
Millennials are saying only one or none to having children - what might declining birth rates mean for their retirement planning and living in old age?...
forbes.com
Jul 02 2024
Curious how those of you who are retired or looking at retirement navigate having children under 18 in your household. For example, I have a patient who is on the cusp of retirement who is now looking...
reddit.com
Jun 16 2024
Today, we answer your questions about rolling over an HSA, when to withdraw from your HSA, whether a UTMA or custodial Roth IRA is better for your kids, if it is a good idea to open a solo 401(k) for ...
whitecoatinvestor.com
Jun 15 2024
Honestly I wasn't sure of the best place to ask such a thing, but logic brought me here because the demographic of retiree is the one who has the wisdom to answer this question. Maybe you've been thro...
reddit.com
Jun 14 2024
Ever wondered how to leave a lasting legacy for your kids without the taxman taking a huge chunk? FiPhysician’s Dr. ... Read more...
physicianonfire.com
May 28 2024
I am a 70-year-old retired male, single with no children, currently living in the Midwest. I’ve spent most of my life living out West and am used to living single. I moved back to my hometown in...
reddit.com
May 18 2024
If you don’t have children or a support system of close friends nearby, you face some special challenges. For peace of mind, answer these seven questions....
kiplinger.com
May 13 2024
Understanding the fundamentals of personal finance is pivotal for kids to successfully launch into the world of adulting. Money skills are necessary to navigate effectively through everything from lif...
financialsamurai.com
May 13 2024
I’m about 24 months out from ‘retirement’ (e.g, working for someone else). I have a decent salary, kids are independent, and no debt other than a mortgage. When I retire, downsizing ...
reddit.com
May 02 2024
About 11 percent of the children in poor families are living with adults who receive Social Security’s retirement, disability, or supplemental cash benefits. The children are often Black or Hisp...
crr.bc.edu
May 01 2024
I retired last year at 60. My wife plans on retiring next April at 60 as well. We’ve done ok in life relatively speaking. We will be able to buy a retirement home and live near our kids fairly c...
reddit.com
Apr 30 2024
Boomers may not be as healthy as their parents were at the same age. This points to the need for long term care. The burden can fall on family to give that care....
forbes.com
Apr 28 2024
Fitness is an integral part of a healthy lifestyle. We need to exercise to stay healthy. However, life often gets in the way. Most of us are busy with work, kids, chores, social gatherings, side hustl...
retireby40.org
Apr 26 2024
Here are some general considerations to ensure the gift of assets to your kids will not negatively affect your financial future....
kiplinger.com
Apr 17 2024
Unlike buying a primary residence, where I believe you should buy one as soon as you can afford to, purchasing a vacation property is a different matter. Nobody needs to buy a vacation property; it's ...
financialsamurai.com
Apr 17 2024
There are strategies to keep your kids in school. Start by having a frank talk with your financial aid officer....
forbes.com
Apr 13 2024
Parents can see the positive impact of their giving through tax arbitrage, giving cash (within limits) or directly paying for school or medical expenses....
kiplinger.com
Apr 12 2024
Sometimes, divvying things up equally means one child might end up with less because of tax implications. Here’s how to avoid that....
kiplinger.com
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