As you watch your kids struggle financially, of course you want to help. And once your kids are grounded and feel confident that they can take care of themselves, it’s a pleasure to help them — and can make a big difference in their lives and the lives of their own families. However, how you give the help is important.
Dear Carrie: I’ve just had a baby! Things are pretty crazy in my house right now, but I want to be sure I give my daughter every opportunity I can. I have a little bit of money saved up, but I’m uncertain what the best use is for it. Should I buy a savings bond, a CD, open an investment account or put it all in a college fund?
Dear Carrie: If you’re younger than 59, and a half, is it possible to withdraw money from your 401(k) without having to pay it back?
Consolidation is not a straightforward decision. You have to think beyond simplicity to how a new loan might affect your finances over time.
It’s that time again — the time to reassess your finances and commit to making next year your best financial year yet. So in the spirit of the season, here’s my annual financial shape-up column. But before you read on, here’s something to think about: it’s not about how many resolutions you make, but how many you’re actually able to keep.
There’s no one solution for every family. But thinking about the incapacitation of a family member, and planning ahead is something everyone should do.
The end of the year is a good time to consider harvesting some capital losses. By doing so, you may ultimately be able to trim your losses and your taxes — as long as you complete any sales by the end of the year.
Current gift tax laws allow for some pretty hefty exclusions for the giver. But, of course, as with anything to do with taxes, there are some very particular dollar figures that you should be aware of.
With time rushing by and the end of 2015 in sight, you may be lamenting that you haven’t accomplished all that you had planned. But even if you’ll have to put off certain things until 2016, you still have time this year to make some smart financial moves.
Before you jump into a term policy, you should at least understand a bit about the other choices so you can feel confident in your decision.
Review these ten smart money management tips. This Halloween, treat yourself to a more secure financial future!