Parenting—it’s perhaps the most rewarding and expensive thing you’ll ever do. Oh, and by the way, you wouldn’t happen to have over a quarter of a million dollars lying around? Why, you might ask? Because a recent Brookings Institution study found that in today’s dollars, a two-parent household will spend about $300,000 (or $18,000 a year) to raise one (yes, only one) child in the … [Read more...] about 5 Meaningful Ways To Invest For Your Children Long-Term
You’ve seen the headlines: like fall, student loan forgiveness is in the air (and that air certainly smells sweet). On August 24th, President Biden announced his plan for student loan forgiveness and ongoing student debt relief for current and future borrowers. While the plan details are buried in the White House brief, the magic number making headlines is $10,000—that’s how much you may … [Read more...] about Will The Student Loan Forgiveness Plan Impact You? Here’s The Inside Scoop
Many people think about home ownership in phases—the starter house, an upgrade or two, and the elusive “dream home.” What does your dream home look like? Does it have an HGTV-level kitchen, a spa-like main bathroom, or a swoon-worthy patio? While you may think that house sits on top of a hill, what if the forever-home potential is in your current four walls? You might not have to move to make … [Read more...] about How A HELOC Can Turn Your Current Home Into Your Dream Home
Money is like a team sport; while your individual habits and practices matter, there’s always a bigger picture to consider (spouse, kids, siblings, parents, friends, etc.). Even though you’re building wealth to support yourself and your immediate family, many people’s money goals extend to offering support to their parents, siblings, or other loved ones along the way. Yet you’ve probably heard … [Read more...] about How To Financially Support Your Loved Ones Without Derailing Your Plan
With all the juicy financial headlines—stock market movements, inflation, the housing market, student loan conversations, etc.—who would have thought that bonds would have their moment in the sun? Bonds have a reputation for being the safe and stable alternative to risky, daredevil stocks. Their reliable returns and ability to produce income make them integral in any well-diversified portfolio … [Read more...] about What Are I-Bonds? Plus Creative Ways To Include Them In Your Investment Plan
Roth IRAs are incredible tools for long-term saving, and in the finance world, they epitomize the concept of delayed gratification. Your contributions are after-tax, meaning you don’t get any sort of “reward” upfront. However, those contributions grow tax-free and qualified distributions remain tax-free. This could be incredibly helpful in retirement if you’re trying to stay in a low tax … [Read more...] about You Passed Roth IRA Income Limits, Where Should Your Next Dollar Go?