Posts Tagged ‘Finances’

DIY Estate Planning: Wills and Durable Powers of Attorney

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Having a new baby ranks right up there with the world’s most disruptive personal transitions. There’s just nothing like major new responsibilities, sleeplessness, arguing with your spouse, placating your other children (and pets) and dealing with caring for someone 24 hours a day who can’t even hold up her head.

Dad’s Rules for Talking with Kids about Money

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This Father’s Day, you may want to spend some time with your kids having a family conversation about money and values. If this makes you feel a little uncomfortable, don’t worry — you’re not alone. Many parents feel uneasy talking with their kids about the family’s finances. “But once we talk to the kids about […]

Trusteed Accounts

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There are so many decisions to make when it comes to financing and long term planning. One of the more popular options available is a trusteed account. The main difference with the trusteed IRA vs a regular IRA is that all assets are held in a trust rather than a custodial account. Both accounts

Behavioral Insights: Risk Tolerance & Decision Making

Photo courtesy of  www.SeniorLiving.Org

Although I grew up in a family with a business in accounting and finance, being an “investor” never crossed my mind. I learned the basics of balancing accounts and the importance of savings. I learned how to manage a budget in college and most certainly put that skill to use when real life began. But investing was […]

Financial Impact of Life Changes

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Having a child is one of the top five most stressful life-changing events. Changing jobs is also in the top five. If you are going to do both at the same time, you may want to consider consulting an advisor about your financial picture in order to reduce stress. You may decide that being at […]

Can I Make a Living as a Freelancer?

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Every working parent I know has had an ongoing struggle with the conflicting demands of parenting and the workplace. We want to be great parents and great workers, not to mention keep up with our friends, make room in our lives for our parents and occasionally get a decent meal on the table. Somehow, we […]

It Takes a Village to Save for College

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Tired of the toy that makes obnoxious sounds all day? Is that outfit for your little one just another that you would rather your in-laws resist purchasing? Give them something else to spend their money on — an education! Costs for post-secondary education have been rising over the last decade. By 2031, estimates that […]

Best of the Forum: Sell, Rent or Buy new home?


We are seeking any advice from this wise community. We are trying to upgrade from our starter home. Given that most sales are zero contingency and many are all cash (!), it will be impossible for us to do so without first selling our home, then renting temporarily while looking for our next home. We […]

Preparing for Unexpected Life Changes


As a parent, you know that life can change in an instant, and that’s why you take steps to minimize your children’s risk or exposure. You invest in the very best car seats, cabinet locks, helmets and other protective gear—all in the name of keeping your children safe. Yet the most important protection for a […]

The Facts About Maternity Leave

Photo by Rebecca Alison

There are enough things to worry about when you’re pregnant. Figuring out when and how you can take maternity leave shouldn’t be one of them. Your human resources (HR) department should be able to tell you everything you need to know, but HR may not always up to speed. To ensure you receive the maximum […]

10 New Year’s Resolutions to Turn Your Finances Around in 2012


Coming up with New Year’s resolutions is an annual tradition that forces people to reflect on which areas of their lives need improvements. If you’re considering what aspect of your finances you should tackle, there is no shortage of goals, challenges and things you could resolve to do better – or to simply do, once […]

9 Situations In Which a 529 Plan May Not Make Sense


As a parent, you’ve probably by now heard the conventional wisdom: If your children plan on college (or you’re planning on college for them), a 529 college savings plan is a great way to save for tuition and expenses. In many states, contributions to 529 plans win you a tax deduction for state tax purposes, […]

Are You Really Prepared for A New School Year?


You’ve shopped for new clothes, bought their school supplies, enrolled them in after-school activities and arranged the carpool. Congratulations, you’re well on your way to starting the new school year on the right track. But what about next year and the years following? If your back-to-school checklist doesn’t include a plan for future education needs, […]

Time Flies. Who’s Navigating?

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You’re constantly on the go, worrying about nutrition, the right way to discipline, how to enrich your kids’ lives and finding time to make your marriage hum. You might not be taking enough time for yourself. But this article isn’t appearing in Working Mother—this is PAMP! So perhaps the best I can offer are quick […]

Financial Intelligence for New Parents


Having a child impacts most parts of your life. Sleep deprivation and the abolishment of any “me” time are perhaps the most immediate and directly felt impacts, but there is also a significant change to your finances. As with all major life changes, being aware of the financial implications and having a plan for addressing […]