Search Results for: blog tips for retirement planning

Interview: John Hauserman on 401k Retirement Funds

Today I’m continuing my interview with John Hauserman of RetirementQuest.com. Yesterday we chatted about the money that was withdrawn from 401k plans when the economy took its tumble. You can read the full article here. John, you indicated that pulling money from our 401k accounts might have been action spurred by the emotions of the moment. Can you tell us a little more about this? Savvy long-term investors might have noticed something—history tells us very clearly that panic-driven dips generally turn out to be an unusually rewarding time to be buying stocks (assuming you have time to wait out the … Continue reading →

Estate Planning Tips

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Having a child with special needs means planning for her future more extensively than you would your other children. It also means planning for her day-to-day care after you have passed away. There are many important details to take care of to ensure the best possible life for your child, including estate planning. The laws can be confusing, so you should contact a professional with experience in special needs planning. Here are some tips from the pros: Make a Binder. Bernard A. Krooks, J.D., CPA, LL.M, CELA, is a founding partner of Littman Krooks LLP and an expert on special … Continue reading →

Tips for Retirement Planning

Every year you should take the time to evaluate your long-term financial plans. If you are very close to retirement, you might need to do this more often than once a year. Try to come up with a schedule that works for you. Look at it each year on your birthday, the New Year, each fall when school starts, at tax time, find a time that is best for you. During this time, your retirement plans should be part of this process. When you do sit down to review, consider these tips: 1. Every year we see inflation rising. Your … Continue reading →

Financial Preparedness Advice from Money Bloggers

One important part of preparing for the future is having your finances in order. The money blog here at families.com is a great resource for learning to budget your money, save, invest, and get out of debt. Here are some great articles to read that will help you be financially prepared for whatever life has to offer: Preparing for death: Writing Down Your Wishes Everyone should have a will, especially those with children or those married with children from a previous relationship. The Basics of Estate Planning For more information on starting a will or trust, read this article. Getting … Continue reading →

Kindness Wedding Planning Tips

We talked about the kindness trend in wedding planning earlier today and I’ve discussed the idea of registering to give in an earlier article. The idea of asking for donations to favorite charities and more is a growing devotional for many couples who are planning their weddings. If you are looking for some ideas and tips to incorporate kindness into your wedding – here are a few ideas: As suggested in Registering to Give; Rather than Receive ask your wedding guests to make contributions to a favorite charity or chosen cause that is important to you or important to them. … Continue reading →

Organizing Your Photos: Part One – Planning

There are so many ways to organize your photos. There is no one wrong or right way, just the way that is easiest and most convenient for you. Please take away from these articles, what will work for you, whether it is only one way, or a combination of organizational methods. It is not necessary to have all your photos sorted and organized before you put together your first album. However, the photos you choose to put in that album need to be organized. You will also find it less overwhelming to begin with your most recent photos and work … Continue reading →

Money in Your Golden Years

I once sat through a workshop sponsored by a company I used to work for where the guy in charge kept warning: “There are no do-overs when it comes to retirement planning.” He also added (in a very ominous tone) that if we messed up now we’d all be doomed to a life of penny-pinching in our golden years. Ah, memories of corporate America. Truth be told, the workshop leader’s scare tactics were quite effective. His advice was sound and bears considering regardless of whether you are self-employed or part of a multi-million dollar corporation. Retirement planning is important, as … Continue reading →

My Three Favorite Finance Websites

The internet can be a great source for information about financial matters, if you know where to look. Whether you are looking for ways to save more and spend less or you need advice on a particular topic such as retirement planning or business finance you can find the information you need online. Choosing a finance themed blog or two to read on a regular basis can be a great way to boost your financial literacy, too. Here are a few resources that I have found helpful for various financial topics: Kiplinger’s Personal Finance – A very well established personal … Continue reading →

Year End Strategies to Fatten Your Tax Return

While it is not time to file your taxes yet, there are a few things that you can do before the end of the year in order to make sure that your home – based business generates you as much of a refund as possible when you do file within the coming months. There are some tax benefits that are usually always available to small and home – based businesses as well as a few that may not be around after tax year 2011 unless legislation is passed which will extend them. Here are a couple of deductions that might … Continue reading →

We’re Broke! Why Do We Need a Financial Planner?! Part 1

After my divorce, the financial planner who had worked with my former husband and I continued to call me every six months or so, wondering if I was ready to put a new financial plan into place. I was flattered, if a little confused, about why he was bothering with me. I had primary physical custody of our infant daughter, I was receiving no financial support from her dad, and I was working for a notoriously underpaying local non-profit. Let’s face it, I was broke. The answer to the question, of course, is that it is an undisputed fact that … Continue reading →