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Creating a Post-College Plan

Creating a Post-College Plan

I firmly believe that in the realm of risk and reward, there’s no better investment than a college education, even if it means taking out student loans. This is especially true if families do their homework and research the schools that will deliver the best bang for the buck. (For some background, see my recent post on Money Magazine’s college rankings.) But there’s another step I think students and their families should research when choosing a school:
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Investing: A Classic Case of Risk and Reward

Investing: A Classic Case of Risk and Reward

Not too long ago I wrote a post about the approach that young adults—who are saving more for retirement earlier than previous generations—were taking in securing their financial future. I made the point that while saving is certainly the first concrete step, a long-term financial strategy needs to go beyond keeping the money in a savings account in a bank. And then it occurred to me that this is a classic case study in risk and reward.
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Life Insurance Can Be a Useful Tool for Foreign Nationals

Life Insurance Can Be a Useful Tool for Foreign Nationals

When we talk about the role of life insurance as part of a financial safety net, the default thinking seems to be to consider it as a tool to help protect families from economic stress in the event of death, or if optional riders are purchased, accident and illness as well. And, in truth, those are its most common uses. But there are many more ways that life insurance can be used in planning for the future.
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The Money Wisdom of Millennials

The Money Wisdom of Millennials

Millennials have gotten the message about saving and planning for their own financial futures, but now they need more tools. Survey after survey has noted that young adults were paying attention to the financial ups and downs—mostly downs—going on during the Great Recession. In fact, you could go as far as saying that they learned some very valuable lessons that will pay off down the road.
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The Risk of Not Taking Risks

The Risk of Not Taking Risks

I think two of the most self-defeating clichés you can hear in the workplace relating to risk are “If it works, don’t fix it” and “why reinvent the wheel?” The underlying sentiment is: don’t take a chance on something new; stick with the tried and true. As reasonable as those two sayings may seem, they are false logic.
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