Author- Leighton Lindstrom
Women are taking on more responsibility for their financial lives compared to previous generations. There are several reasons why this is important. In the past, women have typically worked less than men as they were the primary caregiver, which means they had fewer opportunities to contribute money in retirement plans, savings, and investments.
You’ve just spent the best day of your life celebrating your new marriage with all your family and friends. You can’t wait to start the rest of your life with your new spouse. Now that the cake is gone and the confetti has settled, it’s time to take a look at your new life together and get on the same page when it comes to your finances.
Americans are not saving enough. Despite low levels of unemployment and what looks to be one of the longest economic expansions in US history, many still lose sleep at night over a lack of emergency funding.
Most people would not complain if they got a big tax refund. After all, who doesn’t love free money?! It’s easy to think about a check from the IRS as “found” money and plan a shopping trip accordingly. However, getting a rather large check is not actually as beneficial as you might think.
Big tax refund = LOSING money
Modern advertising tells us, and the Joneses next door make us feel like we NEED a bigger home, nicer clothes, fancier vacations, luxury vehicles, and a fatter paycheck to pay for it all. In a society where bigger is better and more is more, can we find the benefit and contentment in simplifying? In particular, can the “less is more” theory apply to our home?
If you haven’t started already, it is time to plan for 2019 and for most people, you can’t just copy what you did in 2018. With the start of a new year come new contribution limits for retirement accounts. These changes are summarized in the table below, of course with a few caveats that are further explained.
Have you ever dreamed of being the next Chip and Joanna Gaines? I know I have. I love the idea of taking a dilapidated house in need of some love and transforming it into a beautiful, lively home. When that entire process is reduced to an hour to fit a television schedule, and the ending is always a good one, it really doesn't seem so hard, right?
There is no shortage of opinions on the financial future of Generation Y, or millennials. On the one hand, you’ll hear that our future is doomed at worst and bleak at best, due to some factors within our control and some without. On the other hand, you’ll hear that it’s really not so bad, that we are more innovative and educated than any generation that came before us.