You might think knowing how to negotiate salary is a skill best used by entry-level workers who are just getting started in their careers. And you’re right -- being able to secure better pay when you start a job sets you up to make more over your working years.
Let’s face it: not everyone finds it fun to sit down with a spreadsheet and pour over numbers. “Budget” is a bad word to a lot of people, and facing up to certain aspects of your financial life can leave you feeling stressed, unhappy, and worried.
Cost creep is something parents have become accustom to when paying for children’s education. For the upcoming 2018-2019 academic year average costs are exceeding $14,000 to send a child to private high school in Kansas City for the first time. While the headline number may surprise some, prices only rose 3.1% over last year.
There’s nothing like tax season to get you thinking about what kind of financial documents are important to keep on hand -- but knowing what to do with your old financial records is important no matter what time of year it is.
Thinking about hiring a financial planner -- but still not entirely clear on what you should expect?
Financial planning is an incredibly valuable service, but it can also be hard to understand exactly what happens at every stage of the planning process because so much depends on your unique situation.
You know how you seem to accumulate more stuff (and responsibilities) as you get older?
Maybe you own a vehicle or a home. Or you have various savings and investment goals you need to set, contribute to, and track. You need to maintain health insurance for yourself and your family.
529 accounts have been the most common way for parents and families to save for college. Prior to 2018 these accounts could only be used for higher education expenses. The new tax law passed at the end of 2017 allow for 529 accounts to be spent on any approved educational expenses.
Do you know the one action that will help you build a solid foundation for financial independence?
It’s nothing complicated or tricky. It’s simply developing a savings habit and saving money each and every month (preferably 20 percent or more of your income).
Take a moment and think about every major goal you want to achieve in your life.
That list might include events and milestones like sending your kids to college, traveling the world, or retiring to your favorite town that you can currently only vacation to once a year.