No doubt the face of financial planning will be much impacted by the ever-growing presence of legally recognized same-sex married couples and families across the country. In many ways it will be simpler, but in others more complex.
The past decade has been a time for personal reflection and growth. I've learned many important lessons and gained new insights, probably more so than in any other decade. I often find myself saying, "If only I knew then what I know now."
Trying to retire without any savings in the bank can be difficult, and that difficulty is compounded by other factors senior citizens need to keep in mind as they age, like health issues and mobility.
If you want to retire rich, and maintain that wealth, you should be looking at important regional factors, such as taxes, local living expenses and the affordability and accessibility of health care.
When you're researching your options for retirement or work abroad, it's not unusual to run into indexes and rankings of the relative cost of living in different countries. These can be excellent guides when comparing various locations.
As the global financial situation continues to deteriorate - a slowdown in China, loan default by Greece, disarray in the European Union, and weak energy prices - people are becoming increasingly concerned about how they will protect their money in the event of another financial meltdown.
For those trying to save on a low income, the savings tips they can actually apply are few and far between. It can be difficult to find examples of low-income saving success and get ideas on how to start saving in a meaningful way when your paychecks are puny to begin with.
I am grateful that he taught me a few financial lessons in the 21 years I lived with him. I didn't know it at the time, but a lot of what my Dad said, did stick with me into adulthood and my financial practice.
Standing knee-deep in clear Caribbean blue water looking back at the white-sand beach and the swaying palms, I thought it over. I was on vacation, but what was stopping me from living here? Rent here was a fraction of what I paid for my apartment in Washington, D.C.
When it comes to saving and investing for retirement, many recent grads opt to put it off in favor of repaying their loans first. Between living expenses, student loans, and recreation, it's tough for young adults to find any money left over to invest in their future.
I keep my father's bat to remind me of two of my father's most important lessons -- one good, one bad and I'm not sure he intended to teach either one. He certainly wasn't conscious of it if he did. It doesn't matter, though, I learned them just the same.
While the dangers of trying to do your own electrical work are more evident, do-it-yourself (DIY) investing also carries risks for those who aren't careful.
The ruling's goal, protecting retirement savers from high fees and poor performance, is both admirable and desperately needed. However, the firms actually responsible for investing 401(k) assets -- the financial services industry -- should be accountable for the performance of their investment products, not employers.
Baby Boomers are making mistakes every day when it comes to their money investments, and it's costing them big-time in their retirement.
Ageism is rampant, and many of us are burdened by debt, and costs of caring for elderly parents. Management and personal growth gurus advise us to be pro-active; to be bold in engaging with and dealing with our problems. But in this confusing world, where do we start, and what do we do?