Do You Know What You Are Currently Saving?

According to credit monkey, the average IRA balance is just over $100,000, and the average 401(k) balance is just under that amount. While that is nowhere near what the average person needs for retirement, it still puts a person miles ahead of the 45% of working-age households that report no savings for retirement. Do you […]

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What Type of Life Insurance Is Suitable for Me?

When it comes time to purchase life insurance, your two main choices are term and whole life. What are the advantages and disadvantages of each, and which one is right for you? Here are a few things that you should know. How Much Can You Afford? Term life is the less expensive option. This is […]

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Have You Built a Financial Plan Yet?

Your financial plan is how you prepare in advance to reach your goals, help your family, and have what you need for a comfortable retirement. But you may wonder how it can be possible to know how much you need and save it up, even over decades of work. Here are a few tips to […]

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Are You Saving Enough for Retirement?

When you ask a financial expert how much you need to save up before you retire, the answer will usually be “as much as you possibly can.” That’s because the real answer is about 20 times what you spend in a year (less any social security or pension you expect). Since that number usually exceeds […]

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How Much Life Insurance Do You Need?

Whether you have a small family, a large one, or you hope to expand your existing family in the near future, you also need to think about how your family would fare if you were to experience a tragic accident. When you consider how much life insurance you need, think about the following three factors: […]

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Parents: Build a Funding Plan that Considers Both College and Retirement

According to financial guru Dave Ramsey, retirement funding should take priority over funding college for your kids. Why does he feel strongly, and is there any way to save for both? Why It’s Smart to Plan for Both Some parents have gone as far as to take money out of their retirement funds to pay […]

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Building a College Funding Plan that Works for All Your Kids

Planning to fund college for one child can be a daunting task, but when you have multiple kids, it can seem monumental. We’re going to give you a few tips for ways to save for college when you have to think about all of your children. Education Savings Account (ESA) – This is a savings […]

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Parents: Start Building Your College Funding Plan Now

Are your kids entering high school? It’s never too late to start planning to fund college expenses. Are your kids still little? It’s never too early to start either with the high cost of tuition continuing to rise. Here are a few reasons to start building your college funding plan now. Over a 10-year period, […]

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How to Maximize College Aid, even if Your Family Isn’t Low Income

Everyone knows that college tuition prices are not inexpensive, and they just continue to rise from year to year. That means just about every family will need assistance if they want to send their kids for more education. Here’s a quick checklist for maximizing college aid, even if your family is well above the poverty […]

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Lessons to Learn from the College Admissions Scandal

Whether you were shocked or not to learn that corruption dictates how some of the elite attend the top schools in the nation, there are a few things that your family can take away from the whole ordeal. Here are a few lessons to learn from the college admissions scandal. Your family should define what […]

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