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Do your kids a favor: Pick retirement savings over tuition

Most financial planners advise never tapping retirement savings to pay for your kid's education. Even as college costs climb, there are still options to borrow that cash, whereas it's often noted that you can't borrow for retirement. Yet about one-third of Americans with kids under 18 say they plan to use retirement savings or "could…
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Why You Haven’t Saved Enough for Retirement: 5 Excuses Financial Planners Hear

This is a great article I came across on US News, written by Geoff Williams on 10/30/18 While everyone knows it's important to save for retirement, not everyone heeds that well-worn advice. Data suggests that many Americans have saved little or nothing for their golden years. In fact, Northwestern Mutual's 2018 Planning & Progress Study, which surveyed…
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The Bad Things About Retirement That No One Talks About

Working and saving for retirement is what we are all programmed to do from our college years, and for some people, even earlier.  Being financially independent is the glamorous future we all look forward to one day.  No bosses to report to, no time clock to punch in and out of, nobody but yourself dictating…
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The Student Loan Bubble May Be About To Pop

This is great short read that was published in the Washington Post today.  Written by Kate Hardiman, with a few additions of my own. Amid headlines of record-low unemployment and a bullish economy, millennials and many older graduates are burdened with student loans lurk behind the scenes. Their vast sums of debt are not reflected…
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How To Clean Up The Student Loan Mess

This is a great article written by Susan Dynarski, a University of Michigan professor. Student loans are central to financing college educations, yet millions of borrowers are in default. That is clear evidence that the system is in dire need of improvement. In fact, new research on student loans is reinforcing a key lesson of behavioral economics:…
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If You Move To This State, They’ll Help You Pay Off Your Student Debt

Maine is offering student debt relief to graduates who live and work in the state. Known for its lobster and lighthouses, Maine also has one of the oldest populations in the U.S. — the median age in the state is 43, around five years older than the rest of the country. To attract younger workers, Maine is providing…
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Protecting Yourself From Long-Term Care Costs

The cost of healthcare has been a big topic in the media for many years now.  But a big part of healthcare that doesn't get talked about very much is long-term care.  Long-term care is part of healthcare, but it's not really medical care.  It's for people who need help with the activities of daily…
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5 Ways To Beat Taxes

Winston Churchill said, "We contend that for a nation to try and tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle." Unfortunately, many of our government officials today don't see it that way.  Now don't get the idea that I'm against taxes.  I agree…
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