401k

Children worry about their aging parent’s ability to manage money and are often concerned about what happens when their parent passes away and leaves a substantial amount of debt behind. Kids know their parents all too well. So when your questions about credit card debt go unanswered, or if you get a vague “don’t worry,…

Longer lives are great, but a longer life that includes good health, adequate resources and a high quality of life takes a lot of planning and discipline. According to a survey of seniors from the National Council on Aging, 80% of respondents said that they planned to remain in their homes, although 40% felt that…

Careful thought and planning is needed before naming beneficiaries to your accounts. Like choosing an executor for your estate, the choices of beneficiaries can have far-reaching consequences. Many of your financial assets allow you to name beneficiaries, including life insurance policies, pension plan accounts, annuities and IRAs. However, before you automatically write down your children…

What Baby Boomer doesn’t remember the over-the-top declarations of Daffy Duck, especially when he’s grabbing something that he thinks he’s about to lose to Bugs Bunny, sputtering” It’s mine, all mine!” Daffy Duck may have been a bit manic, but apply his thinking to your Individual Retirement Accounts (IRAs) and you’ll be on the right…

Once you turn 30, if you haven’t already gotten focused on saving for retirement and managing your money, it’s time to grow up! One of the hallmarks of being an adult is having a job, an emergency fund with about six months’ worth of living expenses (in cash) and starting to save for retirement, whether…