Let me play out a scenario for you. You’re a 34-year-old registered nurse, working long hours helping patients in a local hospital. You go home to your husband and two kids, cook dinner, give baths, and play hide and seek. One morning you step wrong getting out of bed. Your foot is throbbing, but you get to work on time. (more…)
With the arrival of our first child fast approaching, my wife and I in all of our excitement have been working through a to-do list to prepare for this lifechanging event. While we know we have many surprises ahead, taking the time to learn, ask questions and plan for what’s coming can only help us.
My focus has been planning for the next generation of our family, but this experience caused us to start asking our parents questions we hadn’t before. (more…)
Hey Amazon! It’s that time of year – open enrollment is coming up! Traditional 401(k) versus Roth 401(k), which health benefit to choose? We know there are a lot of options to wade through. Luckily, we’re here to help! (more…)
Tax documents are arriving and it’s time to get organized. This is the first year that incorporates changes from the Tax Cuts and Jobs Act passed in December 2017. These are some of the biggest changes to the tax code in 30 years. (more…)
College tuition ranks among housing and medical expenses as having the highest lifetime costs for many Americans. Making matters worse, planning for college involves a daunting landscape of savings plans, loans, scholarships, and trying to build the foundation for your children’s future. If you would like to help your child pay for college, we recommend saving for costs ahead of time. We’ve already reviewed flexible options for college savings like 529 Plans, Coverdell ESAs and UTMAs. This article covers the financing options you have to supplement those savings when it comes time to actually pay for college.
Life can throw you curveballs and if you aren’t prepared financially, these curveballs can turn into major problems. That’s why it’s so important to have a savings buffer, also called an emergency fund. An emergency fund is a cash account that you keep separate for life’s unexpected events. It can help prevent additional stress when these events occur. (more…)