People in the Sandwich Generation are faced with taking care of themselves, their children, and their parents, especially when parents haven’t sufficiently planned for their own financial future. Here’s how to protect your household while ensuring your parents receive needed care. It might seem like a hopeless dilemma. How do you see to the care
Whether you’re 23 or 35, it’s important to know whether you are saving enough for your retirement. There is no time like the present to ensure you are allocating enough funds to your retirement account. With folks routinely living into their 80s and 90s, it’s more important than ever to ensure your money lasts your
You can’t overestimate the value of teaching your young children about managing money. The trick is to make the lessons fun and applicable to their daily lives. You want to be the one to instruct your kids about money because if you don’t, they will be vulnerable to all sorts of misinformation. Start them off
Raising a family is rewarding and expensive. Consider taking these steps to support your family financially through a program of smart investing. Building a career and raising a family requires management skills. Juggling your time, priorities, and money now while planning for the future can be daunting. Saving now to send your kids to college,
It can be difficult, but not impossible, to save for retirement while paying down your credit card bills and student loans. Even small steps now can make a big difference later. You might think it’s best to pay off debt first. But this will cut you off from the power of compound interest. If at
The rise of mobile pay and what it might mean for your personal finances. The growth of mobile payments has far outpaced that of credit cards, making a cashless society much more likely in the near future. Here’s what to expect as this phenomenon starts to snowball. Faster Checkouts. It doesn’t matter where you shop,
Those perks may come with great responsibility. When you reach the executive level at an established company, you are offered some potentially significant rewards for staying put. Here are three common perks. Stock options. Your firm gives you an agreement by which you have the chance to buy the company’s stock at a set price
College can seem costly, but with an early start and prudent planning, it can be reasonably affordable. Here are some options to start saving for your child’s college costs right now. The amount you’ll need to save depends on the college your child attends and the financial aid offered to you. The trick is to
You see money one way, your partner sees it another. Don’t let financial disagreements take a toll on your relationship. Differences about money can cause friction in your relationship. That’s why a trusted, impartial financial advisor can be such a valuable intermediary when couples disagree about spending, savings, and investments. A financial advisor can address
Financial mistakes can occur throughout your lifetime. Whether you’re in your 40s, 50s or 60s, it’s important to be aware of financial pitfalls to avoid. Planning is the best way to avoid financial mistakes, and those plans should be responsive to your current age and future needs. The double-squeeze afflicts 40-somethings. People in their 40s