Only three state 529 plans that offer tax-advantaged savings plans for children and adults received the highest rating from Morningstar. Check out UESP.org for more details on Utah’s perennially top-rated plan. Most adults don’t realize that they can save for their own education through a 529 plan. Source: Financial Planning for Women
Medicare Demystified book
I strongly recommend the book Medicare Demystified (2014) by Ronald Kahan, MD for both Medicare eligible adults and their adult children who may be helping them navigate their choices. As a recent Medicare participant, I had read a lot of info on the internet and yet was still quite overwhelmed by my options. Finally I…
Parents Pass (Bad) Money Habits to Kids
“Parents signal their attitudes about money, either through purposeful and explicit messages or in unconscious ways. Meanwhile, children learn the behaviors that take them into adulthood by observing what parents do. These observations can override financial knowledge in shaping behavior.” The Squared Away Blog features a research summary by Dr. Sonya Britt, a certified financial…
How to Save for Retirement When You’re Self-Employed
Writer Abby Hayes explains the importance of starting early to invest for retirement and the options available for the self-employed. Whether self-employment is your only source of income or a supplement to a job, learn about the options and get started today. See: http://money.usnews.com/money/blogs/on-retirement/articles/2016-10-26/how-to-save-for-retirement-when-youre-self-employed Source: Financial Planning for Women
Considering a Reverse Mortgage?
If you are considering a reverse mortgage to help finance retirement, information on the newest programs and government regulations are available in a book by renowned retirement researcher, Wade Pfau: “Reverse Mortgages: How to use Reverse Mortgages to Secure Your Retirement.”http://www.chicagotribune.com/business/success/savingsgame/tca-how-a-reverse-mortgage-can-benefit-retirement-20161019-story.html Source: Financial Planning for Women
Podcast: Is It Time to Rebalance Your Portfolio?
Market performance can alter the relative values of the asset classes you hold in your portfolio. If it’s been a while since you’ve rebalanced your portfolio, now may be a good time to consider doing it. Listen to the podcast (5 min. 55 sec): http://www.finra.org/investors/podcasts/time-to-rebalance-portfolio?utm_source=MM&utm_medium=email&utm_campaign=Investor%5FNews%5F102716%5FFINAL Source: Financial Planning for Women
Cyber Security is important!
October is Cyber Security Awareness Month, so it’s a great time to make sure you—and your family—are staying safe online. Check out the resources at StaySafeOnline.orgfor tips on keeping a “clean machine” and protecting your personal information, as well as tips for parents and how to protect your mobile devices. Source: Financial Planning for Women
Understanding Social Security: 35 years of earnings
While many Americans have strong opinions about Social Security, and too many people falsely believe that it won’t be there for them due to irresponsible media reports and irresponsible politicians, this blog attempts to educate people about the realities of Social Security. The Squared Away Blog from the Center for Retirement Research at Boston College,…
Why You Need to Think About Your Retirement Taxes Long Before You Retire
If you wait until retirement to figure out your tax liability on your retirement accounts… it’s too late to do much to reduce your tax obligation. You need to plan for “tax diversification” while you are investing for retirement. Tax diversification means having some funds in non-taxable accounts like Roth IRAs. To learn more about…
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