It’s a conundrum that many families face: “How can I take care of my children and my parents, financially, while effectively investing for my retirement?” If you are in this situation, you know that your financial planning strategy may need adjustments during this stage, but with the right plan you...
A big part of planning for retirement is determining exactly what you’re going to have to count on, financially, when you stop drawing a regular paycheck. This includes pension plans, your savings, earnings from investments, etc. If you’re 10 years away from the date you want to retire, many experts...
Money can’t buy happiness. Most experts agree that happiness is often tied to the things we’re passionate about, and simply being wealthy is not, on its own, the recipe to happiness. It’s a topic financial advisor Dan Danford covers in his recently posted “Money is Freedom” podcast.
“People who are...
Most parents plan on paying for their children’s expenses up to age 18, and many also make a plan for helping with college expenses. However, according to a survey by Bankrate.com, parents are now going beyond college and helping with expenses of their adult children, which is putting some parents’...