An ESA is another savings program for educational expenses which can be set up for kids under 18 years of age. The annual contribution limit is $2,000 per child.
College is still a good investment, but it’s expensive and the costs are only rising.
Conversations about college choices and payment should take place before the kid gets out of middle school.
The mother of all birthdays has come and gone and the first of the Boomers are now getting senior discounts when they go to the movies.
If you are a Boomer, your retirement planning has been scrutinized in the media for the last decade.
Forty-Somethings are at the tail end of the Boomer generation.
So how does a thirty-year-old become a millionaire?
Retirement folklore seems to have everyone believing you need $1 million to be able to retire.
Listeners tell me they’re not worried, they’ll have their Social Security, but Social Security was never intended to be your only source of income in retirement.
The average 401(k) balance came in at $80,600 at the end of the second quarter of this year (2013) according to a report released by Fidelity, which represents 12.4 million U.S. workers.