Grandparents Can Still Help Their Grandkids Get a Good Financial Start

Though grandparents are among the millions who have taken a big hit to their portfolios in recent years, careful planning can ensure a healthy contribution to the education and financial future of their grandchildren. The first step involves a talk between grandchildren and their adult children. According... 

If You’re Considering Entrepreneurship, Business Planning is a Necessity

The Ewing Marion Kauffman Foundation released a study in June entitled “The Coming Entrepreneurship Boom” that credits entrepreneurship as a major force that will bring the current troubled economy back to health. The twist, however, is that Baby Boomers – ranging in age from 45 to... 

A Primer on Medicare and Medigap Coverage

Despite all the public discussion about health care, very few people under the age of 65 understand the basics of Medicare, the federal health program for seniors and certain disabled individuals, or Medigap, the supplemental private coverage many buy to cover treatment that shortfalls what the federal... 

10 Things You Can Do Immediately to Slash Debt and Spending

Any financial planning process begins with a change in financial behavior and expectations. The degree of change varies based on financial priorities, but in the end, it’s about adopting new habits and abandoning others. Before you take any of the following steps, it makes sense to talk to an expert... 

Affording a Pet – Ways to Save and Plan

Some of the most heartbreaking news reports out of the latest recession involved the number of pets being left at animal shelters by owners who could no longer afford to keep them. If you’ve considered giving a rescue or a pedigree a home, think first about whether you can really afford to give... 

Should You Bother with Target Date Funds Anymore?

The recent market shock should remind all investors that there’s no such thing as a single solution investment product that works for everyone. One particular category of investments that became a target of scorn is target date funds, which are mutual funds with investments tailored to the particular... 

Thinking Ahead About Inflation? Here are a Few Ways to Protect Yourself

While the struggling economy has put a vice on inflation, many experts don’t expect things to stay that way for much longer. Why? Many economic experts fear the current level of federal spending will inevitably lead to printing more money, and that’s regarded as an inflationary solution. As... 

Taking a Fresh Look at Your 401(k) Allocations

A May survey by Hewitt Associates noted that despite record losses in their 401(k) savings in 2008, individuals stuck with their 401(k) plans. However, more people dealt with their worry about investment conditions by shifting money into more conservative investments. In addition, a significant number... 

Getting Your Finances Ready for the Next Rainy Day – or Decade

It was Benjamin Franklin who once said, “The man who achieves makes many mistakes, but he never makes the biggest mistake of all – doing nothing.” As the nation continues to work its way out of recession and investors begin to take stock of what looks like a lost decade in their portfolios,... 

Why Every College Freshman Should Consider Starting a Roth IRA

At no time since the Great Depression have college students worried more about money. Tuition continues to rise, financing sources continue to contract. So why should a student worry about finding money for, of all things, retirement? Because even a few dollars a week put toward a Roth IRA can reap enormous... 

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