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You Are in Charge of the Mission Control of Your Financial Future

You Are in Charge of the Mission Control of Your Financial Future

One of the macro trends I’ve written about is the shift of responsibility from large institutions, such as businesses and government, to individuals. Of those shifts, one of the most important areas that we should pay attention to is that of planning for retirement.
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End of the Year To-Do List

End of the Year To-Do List

The end-of-the-year holiday season is a busy time: a mashup of parties and get-togethers with family and friends, shopping and traveling. But be sure to set aside some time to review some financial matters before the clock strikes midnight on New Year’s Eve.
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Old Student Loans Can Come Back to Haunt Retiring Seniors

Old Student Loans Can Come Back to Haunt Retiring Seniors

The New York Times recently reported that the number of older Americans with student loan debt has almost tripled in the past nine years from 700,000 to more than two million and, during that time, that the outstanding debt grew from $8 billion to $43 billion.
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Baby, That’s a Lot of Money Part 2

Baby, That’s a Lot of Money Part 2

I recently posted about the U.S. Department of Agriculture’s estimate of the costs associated with raising a child born in 2013; the average was close to a quarter of a million dollars, not including college. According to an article in usatoday.com, parents may need to spend as much as $245,340 to raise a child. But what if you had invested that same amount over 18 years (at $13,630 a year), at an average annual return of 8.00%, it could grow to a little over $600,000.
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Baby, That’s a Lot of Money!

Baby, That’s a Lot of Money!

The numbers from the U.S. Department of Agriculture are in and they pack a wallop: the average amount of money to raise a child born to a middle-income home in 2013 to age 18 is estimated at almost a quarter of a million dollars. And that’s the average, in metropolitan areas of the Northeast and West, the numbers top that quarter of a mil at $282,480 and $261,330 respectively. And these numbers do not include the cost of college.
Filed in: Preparation, Retirement
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