The newspaper interviewed Maura about the single mothers in her practice. “For women, there is often more emotion around money. Advisers need to help their clients understand their spending habits, look at what’s driving their spending, and find ways to save more. That’s the role I try to play with my clients: helping them through emotional issues with money, helping…
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New IRS Rules for Retirement Savings in 2013
The IRS increased the contribution limit for employees who participate in 401(k), 403(b), most 457 plans, and the federal government’s Thrift Savings Plan from $17,000 to $17,500. That’s one of the new IRS Rules for retirement savings in 2013. But it left the catch-up contribution limit for employees aged 50 and over in 401(k), 403(b), most 457 plans and the…
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Retirement plan for teenagers?
Did your child or grandchild have a job this summer? It’s great for them to have their own hard-earned cash, and it offers a way for you to help them save for the future, tax-free. It’s a retirement plan for teenagers. You can open a Roth IRA in the child’s name and contribute as much as the child makes during…
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Sacrifice retirement savings for college?
Should parents sacrifice retirement savings for college? As the parent of a high school senior, I understand the desire to pay for children to go to college. To help your child graduate debt-free with a degree is an admirable goal and a wonderful gift. But beware. There’s an important thing to keep in mind: students can borrow for school but retirees…
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How to Afford an Investment Adviser
The Garret Planning Network was mentioned as a good source for locating an affordable financial advisor in “How to afford an investment adviser without breaking the bank.“
