Boomer Travel Tips, Destinations, and Trends
Travel is alluring in every sense: it’s a chance to see the unknown, explore, and grow as an individual. Unfortunately, the everyday demands of work often prevent people from traveling as much as they’d like. Of all the things to look forward to about post-work life, travel is one of the most enticing. According to […]
Home Remodeling and Buying
Is owning a home right for you?Owning a home may be a common dream, but it's not for everyone. And whether you're contemplating buying your dream home, your first home or simply your next, your first step should be to figure out whether the cost of home buying—including taxes, insurance, home remodeling and maintenance—outweighs the […]
Kids and Money, Part 2: Explaining the Basics to Teenagers
Teenagers and money. The two go hand in hand, and if you have a teenager living in your house, chances are you've had more than a few conversations about money. If you want to increase your chances of having a positive and open dialogue about money with your teenager, bring up the subject often and […]
How to Raise Kids With Good Spending Habits
Now more than ever, it's important to teach good spending habits to our kids early on, and teach them the value of money throughout childhood. By modeling good behavior and making the most of teachable moments, you are more likely to raise kids who will have good spending habits now and into adulthood. To begin […]
Money Market Accounts vs. Bank CDs
CDsWhen you open a certificate of deposit (CD), you agree that you will not withdraw the funds until the maturity date, which varies from a few months to several years after you open the account, depending on the term you choose. You can close a CD before the term ends, but you typically will pay […]
You’ve Won Money, Now What?
If you're lucky enough to enjoy a financial windfall, from lottery winnings or a business investment, it can be tempting to spend it on things you don't really need. But if you do your research and weigh your options, you might make better financial decisions and discover a great opportunity to make that money work […]
How Financially Agile Are You?
Personal financial liquidity is a relative concept: some liquid assets are more liquid than others. Certificates of deposit (CDs), for example, may be more difficult to convert to cash because you usually have to pay an early withdrawal penalty if you withdraw money from the account before the maturity date. At the other end of […]
Kids and Money, Part 1: Explaining the Basics to a Young Child
Financial experts agree that it's good for kids to start learning about money at a young age, but how do you know when to start teaching your kids? There's some debate about that, but it always comes down to what's right for your child’s needs and abilities. If he's a natural Warren Buffet or she's […]
Using Youth to Your (Financial) Advantage
Youth has its advantages when it comes to compounding interest. Here’s how it works. Let's say you deposited $1,000 in a 12-month certificate of deposit (CD), and your balance is $1,010 at maturity. Then, instead of withdrawing the $10 in interest earnings, you renew your CD for another 12 months under the same terms. Now […]
Grandparents’ Gift Guide: Is a 529 College Plan Better Than a CD?
It’s no secret that college costs are soaring, so it makes sense that grandparents and parents might want to help out by starting a college savings account. A 529 college plan, legally known as a qualified tuition plan, is sponsored by a state, state agency, or educational institution. These savings plans can be good options, […]
