Imagine you’re about to set out on a road trip. You would absolutely need to have an idea of where you wanted to go – north, south, east, or west. You would have to work within the confines of how much time you had for this trip – that would determine how far you could go. Your financial goals are no different than that road trip; failing to plan means planning to fail. Even if you haven’t given retirement much thought, in terms of what it looks like and feels like, chances are Read on...
When the Meter is Running Out on College Planning
Your child is just a few years away from going to college, and the acid in your stomach is churning. You worry if you will have enough; you're mad that you didn't focus on this sooner. Desperation is a dangerous thing. It can cause reckless behavior -- a gambler's mentality of, "Let's try and hit it big!" Of course, anything that can rocket can plummet; that's the way it is with investing. When any goal is short-term (5 years or less), the money needs to remain "safe". You can't afford to Read on...
College Bound Concerns
Anyone who has a child getting ready to start college for the first time probably has a list of concerns a mile long. Among the worries is the handling of money. Whether your child is going away or staying home, there is a real opportunity to start your son or daughter on his or her first journey into financial responsibility. While it might be hard to look at your "baby" as an adult handling money, there's no time like the present to learn these important lessons. These tips will help your Read on...