When people hear the word "budget," they tend to equate it with “restrictions” – how much they can afford to spend, what they’re allowed to spend it on, and capping overall spending so they can save more. They think about recording every penny that goes out so they can see where they’ve gone over-budget and how they can make up for it.
Many students leave college with something more than a shiny new degree: they also leave with a handful of student loans. Keeping up with multiple payments can be a huge hassle, and many people want to refinance their student loans to simplify the repayment process and save money.
Have you had “the talk” with your parents yet? I’m talking about the conversation that will help you help them manage their financial future most securely.
The millennial’s retirement Pot of Gold might be held in Roth investment accounts and/or a less popular account that can help mitigate their long-term care risk while maintaining flexibility and liquidity of the assets designed to address care. Let us take a look at that less popular account here.
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