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Out of all the things you could donate your hard-earned money to, giving to your child's school might not be at the top of your list. If your children attend a private grade school with sky-high tuiti...
FROM THE ARTICLE - SEE ARTICLE FOR MORE!!! Need to Know About Social Security Survivor Benefits for Children. Monthly payments can help offset financial impact of losing a loved one. By Patricia Amend...
James sits down with someone who’s financially set to retire—mortgage paid off, kids through college, and investments in place—but he’s still grappling with one big question: w...
It’s less taxing to give money to your adult children than you might think. A good plan can help you avoid certain pitfalls — and drama....
My wife and I are in our 50s and are looking to retire by 60. We have been talking about relocating to an active adult community closer to the coast... we have always wanted to be closer to the ocean....
How much does it cost to raise a kid? Well, according to the USDA it’s $233,610 USD through age 17. And this doesn't even include college costs! That study was done back in 2015, so when you adj...
As a parent, your top priority is to protect your children until they are old enough to fend for themselves. Protecting your children requires good health, being alive, having resources, self-defense ...
It is difficult to get straight answers as to whether adult children are allowed to live in these 55+ communities between college and grad school or such. Obviously they cannot buy or rent, but do the...
Our post-recital ice cream social was in full swing. The kids were running rampant, the leftover ice cream was slowly ... Read more...
James walks through a framework of how you ensure that your legacy goals include more than just leaving a chunk of money to your kids when you're gone. He explains the key concepts that can help your ...
FROM THE ARTICLE - SEE ARTICLE FOR MORE!!! What Grandparents Need to Know About Social Security for Kids. If you’re raising grandchildren, they may be eligible for benefits. By Martha C. White, ...
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....
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...
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....
This past year, as we traveled, I received all sorts of comments from both Americans and Chinese about how “brave” ... Read more...
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....
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...
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...
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...
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...
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...
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...
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....
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 ...
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....
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....
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...
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...
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...
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 ...
'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...
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...
I immigrated to the United States when I was six years old. For the first three years of my American ... Read more...
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...
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...
Sixty-seven percent of parents expect to pay at least some of their children's higher…...
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....
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...
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....
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...
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...
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...
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 ...
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?...
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...
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 ...
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...
Ever wondered how to leave a lasting legacy for your kids without the taxman taking a huge chunk? FiPhysician’s Dr. ... Read more...
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...
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....