Showing 50 results of 351
There are strategies to keep your kids in school. Start by having a frank talk with your financial aid officer....
Parents can see the positive impact of their giving through tax arbitrage, giving cash (within limits) or directly paying for school or medical expenses....
Sometimes, divvying things up equally means one child might end up with less because of tax implications. Here’s how to avoid that....
Family discussions about money are important in educating children about financial concepts and the family’s legacy....
If you’d prefer that your estate not pay more taxes than necessary, then these strategies are for you....
Seven million low-income Americans who would qualify for SNAP food stamps are not receiving them. And millions have fallen out of their state’s Medicaid coverage or Children’s Health Insur...
Parents often feel compelled to help their kids pay for college, but when that could result in you moving in with them later, you should put your savings first....
How many of you help fund private elementary and secondary school for grand children or maybe even children? This is something I never thought would be a consideration, but we all know schools have ch...
So I have set my retirement date! I am turning 60 this year and plan to retire at 65. March 15, 2030. I choose this date as I want my kids to be fully financially independent. My son is in grad school...
THANK YOU AARP FOR DOING THIS ARTICLE AND HATS OFF TO THESE PARENTS ??? For hundreds of thousands of retirees, focus on caring for kids ‘is just life’. By Jon Marcus, AARP. Published March...
B.O.S.S. Retirement Solutions is proud to sponsor the Treasure Valley Silver Awards By:Idahonews.com BOISE, Idaho (CBS2) —90-year-old Mary Lou Hay says the key to a happy retirement is staying a...
I am 63. I just learned the term "Elder Orphan". I'm 63. Seems like I'm headed to be one. Yes is scares me. :-( Got to face that I suppose. So. What to do? Where to go? What town? What living situatio...
Posting this here because we are all of that age where we have older kids. What did you give your sons for college graduation? submitted by /u/Aggressive-Coconut0[visit reddit] [comments]...
Will kids ruin your plan to FIRE? (Financial Independence Retire Early) Kids can be expensive, but don’t let that stop you. They might change your plan a bit, but FIRE won’t be out of reac...
My wife and I have no kids or family. What should we be thinking about and planning differently than if one had a big family? We have a will and the packet that goes along with that. I was hoping to f...
Background: our house should be paid off by the time we retire. We have raised a pack of kids, one has boomeranged back and the youngest is still in college. The others are out on their own. We are re...
To gauge how much the federal government’s COVID assistance helped the nation’s disadvantaged children, consider what happened after the relief stopped. Millions of low-income children hav...
The U.S. Census Bureau projects that by 2034, there will be more senior citizens than children for the first time in American history....
I'd like to learn from those already retired and have adult children with special needs. I'm heading towards 64 and am still working, but the retirement bug has bit. My daughter is 32 and has Downs Sy...
We've got no kids and I'm not particularly close to my niece and nephew, having spent all of about 20 hours with the since they were born. My partner and I do need to make a will because it's irrespon...
[Editor's Note: In 2023-24, our goal is to give a free copy of The White Coat Investor's Guide for Students to every first-year student who’s in the medical field. But we can’t do it alone...
Happy new year everyone! For 2024, my theme of the year is, “One last year of intense focus.” This marks my 15th year running Financial Samurai, coinciding with both my children starting f...
My younger son was our problem child and we spent thousands bailing him out of his poor decisions and scrapes with the law. He is now married and has 3 kids. His wife doesn’t work although there...
I’ve read a lot of sentiment here about dying broke or that one’s children are doing well and can take care of themselves. I’d like to add a wrinkle. My mother’s family left he...
Abstract Children’s participation in the federal Supplemental Security Income (SSI) program has declined substantially over the past decade. Many children with disabilities might be eligible for...
I'm curious to see how many help their adult children out financially and with what. For instance, I help my youngest, age 24 out with rent and a couple bills right now....It's a pretty big little chu...
[Editor's Note: For a doctor or high earner who is looking to maximize convenience while saving money and earning free travel, it makes perfect sense to find the right credit card. If you need help fi...
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 ...
I'm looking for any experiences from folks who retired close to the time that their kids were in or had just graduated from college. I have one who is a freshman and another who will start in a year; ...
Me and my wife both 67 I've worked full time her a few years as we raised 5 kids. Was hard to save in those early years but last few have been great. Managed to have 600k in 401k 600k already taxed ea...
85 year old man lost $200K to romance scammers. He thinks he's fine, but he's impaired. What his kids did to protect him from repeating the mistakes about money....
Recently I was speaking with another parent about financial advice we gave our children. So when I read about this poll at a popular blog , the retirement manifesto , https://www.theretirementmanifest...
As parents, we’ve all encountered the seemingly inexhaustible supply of toys, gadgets, and general kid stuff that seems to multiply in our homes. If you’re anything like me, you’ve p...
We often try to overcomplicate finances, but simplicity is the key. That’s not to say simplistic: simple doesn’t equal simplistic. On this episode, we wrap up our Wisdom for Our Children s...
60 yo single male, no kids here. Retirement is on the horizon, but I have two conflicting visions of what the first few years of my retirement should look like. On one hand, I'd like to buy a mid-size...
Your family and friends are the people you walk life with, so it is important to choose wisely. In this episode of our Wisdom for Our Children series, Nichole joins me to reflect on what the younger g...
Today I woke up and decided to do something that I have never done before! My daughter has been telling me about the Reddit community and encouraging me to at "least read some of the posts". Well, I d...
Tech makes it easy to keep in touch but it may not be good for them — or you...
If you’re a retiree or close to retiring, you probably have a paid-off principal residence, or should be close to having one. However, many retirees—including me—have grown children ...
All the kids are doing it, so why not you? Retirees are increasingly earning extra income by running a small side hustle. What are the best ideas right now?...
The sky was beginning to cloud over, kids were playing, ducks were looking for bread crumbs, bikers rolled bywhile teens on skateboards defied gravity. Sitting in a folding chair and watching the scen...
I’m 60, SF, no kids and starting to seriously think about my next steps. I have a good job (85k) and benies and ~$500k in my 401k. Only have ~ $2k in savings and owe $5k on CC. Car will be pd in...
Retirees should secure themselves first, and if you’re all set there, then consider a few other things, such as the impact on the kids and tax issues....
Being self employed at 38 years old with 2 children. Asking my retirement people who I have utmost respect for. What did you do throughout your life for investing? submitted by /u/Square_Race_9107[vis...
Introduction Credit cards are a ubiquitous financial tool in our modern world. They offer a convenient way to make purchases, build credit, and earn rewards. However, when it comes to kids and credit ...
Just got back from a weekend visit with my son in San Francisco. I'm not fond of that city but he loves it. My kids live out of town. I retired 35 miles away from the closest one. I can get to his pla...
We have a will and trust, but are any of you considering putting your kids on your house and bank accounts? I’m hearing of so many stories where the government or a nursing home takes it all. No...
There was a recent post in which the Redditor asked how people could accumulate enough money to retire while also raising children. In response, a lot of people posted strategic and tactical ways to s...
I am 64 with 3 kids and retiring this year. My spouse and I both earned a relatively healthy income. When I see posts by folks that are retiring in the early 50s (or earlier in some cases), I can't he...
It has been a good while since we’ve done a reader case study here on MMM, but that hasn’t stopped them from arriving in my inbox. And since 2022 is becoming a year of interesting financia...