Posts with the category ‘Money Management’
By Investopedia | October 17, 2017 To quote the American poet Henry Wadsworth Longfellow, “Into each life some rain must fall/Some days must be dark and dreary.” To deal with those dark days, having an emergency fund is a necessity. Think of it as a shock absorber for the bumps of life, one that’ll keep you from adding to the load of debt you doubtless already carry. Here we look at how much you’ll need to save for your emergency fund and how you can get… Read More
– Nicole O. Coulter Discover what it means to be wealthy or successful. If you’re like most, it takes a few hard knocks to understand what life truly has to offer. Several years ago at the Berkshire Hathaway annual shareholders meeting in Omaha, Neb., a precocious 10-year-old investor stood bravely in front of a microphone and posed a weighty question for the investment maestro: “How do you define success in life?” Warren Buffett didn’t hesitate—it was as if his whole… Read More
By Helen Modly, CFP, and Sandra Atkins, CPA/PFS Funding a 30-year retirement will take financial planning prowess as you juggle the effects of inflation, distributions, taxes, asset allocation, and expenditures. Are you up to the task? George Forman, the boxer-turned-spokesman for portable grills, may have best summed up the Retirement conundrum facing baby boomers: “The question isn’t at what age I want to retire; it’s at what income.” The amount you’ll need each year to maintain your desired standard of… Read More
Written by Kevin McKinley The prime time for a child to begin learning good financial habits usually occurs during the “tween to teen” years. All the planning, saving and investing that parents do for their children’s future won’t do much good if the kids don’t have the discipline and wisdom necessary to eventually manage money on their own, and hopefully make it grow. Read more here.