Yearly Archives: 2012

Make 2013 the year you get your financial life in order. Reduce stress and make noticeable progress by following these steps.   Document your financial goals with the entire family. Including everyone in the goal setting process makes it more likely that you will have cooperation towards reaching your goals.  Planning a Disney cruise?  Let your kids know it is on the list and you are saving for it.  It also gives you something to use when they are beggingRead More

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  Systematic savings is an easy yet powerful concept.  It involves setting up an automatic deduction from one account to another at some frequency (weekly, monthly, yearly, etc).    Many of us already experience systematic savings with our paycheck.  We have automatic deductions for retirement such as 401(k) or TSP plans. Federal taxes are also automatically deducted from our paycheck.  The IRS knows that they are much more likely to get their money if they force you to pay asRead More

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William Bernstein was interviewed in the September issue of Money.  Here are some highlights: 1.  How young people should invest – no surprise here:  “For the average person, you’ll want a very high stock allocation.”  The reason is that you have three to four decades of earnings potential ahead of you.  “So even if your investment capital when you’re 26 years old falls by one-half, your total worth has fallen by only a couple of percent because you still haveRead More

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25% of 20 year olds will become disabled prior to retirement. [1] Most disabilities are caused by arthritis, not work-related accidents. [2] Women are twice as likely to be disabled by arthritis as men.[3]   These are some of the findings published in the August 2012 issue of the FPA’s Journal of Financial Planning.  No matter what your profession, there is the possibility that illness or accident may prevent you from earning a living. Although none of us likes toRead More

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Thinking of leaving your job to stay home with your child?  Make sure you follow these steps before making the move. Obtain references from your current employer.  When you re-enter the workforce, you most likely will be required to provide references.  Ask for references now while you are fresh in their mind. Collect your Annual Employee Reviews.  Hopefully you have been saving your Annual Reviews all these years!  File and save them for future employers. Track your spending for one month.  Save your receipts, use Mint, or any otherRead More

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I am amazed at how many of the young couples that I meet with don’t take advantage of their local libraries.  I was also guilty of giving in to convenience for a few years.  It is so easy to click on Amazon and have a book delivered to your front door.  It is even easier to select a popular book on a Kindle or Nook® and start reading instantly! These purchases add up.  After reviewing many budgets with families, the costRead More

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