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Teaching Your Children About Money

Teaching Children About MoneyWhether to your children, grandchildren, nieces and nephews, or the children of close friends, one of the most important things you can teach is how to manage money and invest for the future. The Three-Jar Allowance To learn how to manage money, children need some money to manage. Typically this money comes from from an allowance or …

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50/30/20 Rule

50/30/20 Rule The 50/30/20 rule is a practical rule of thumb for individuals who want a budget that is easy, yet effective, to implement. It offers guidelines for enjoying your income while putting savings on autopilot. Humans are fallible—sometimes we just need guidelines. If you struggle making sense of a sea of budgeting systems and mobile apps, consider the 50/30/20 …

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Transitioning to Retirement

On the other hand, you may not need the money right away. Then your goal is figuring out the best way to continue to take advantage of the potential for tax-deferred growth. Most plans offer a number of alternatives, and it’s smart to investigate what they are. While you don’t have to decide until you’re actually ready to stop working, …

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Planning Ahead for Taxes

If you plan ahead, you can make decisions that will reduce or at least postpone the tax you owe. The only catch is that you usually need to get everything taken care of by December 31. As anyone who has ever filed taxes knows, tax season is in high gear from January to April. In January, you’ll get a tax …