Money Books to Read with Tweens


It is quick, easy and usually fun to read books about money, saving, spending, giving and managing to our little ones under the age of 7. But once kids enjoy reading on their own, it can be difficult to wade through those longer chapter books without all those colorful pictures in a read-aloud environment. The books must be engaging, teach a relevant lesson, be easy enough for ages 7 - 9 to read, yet not so simple that the middle schoolers feel insulted. Tooth Paste Millionaire by Jean Merrill This is a classic book written in 1972 touches on many…

How to Have Enough Money for Retirement


Did you know that we are living longer, more active lives?  While you might not feel it in the morning, but today’s 70-year-old male has a high probability to will live well into their 80’s – maybe even your early 90’s. If this is the case then having enough money for retirement is going to a big challenge.  Here is why.  If you are like most people, then you probably expect to retire sometime in your 60’s.  However, living a longer, more active life means that you will be retired for 20 or even 30 years. As such, you need…

Little Know Facts About Retirement Distributions


You've been religiously contributing to your retirement funds for years. Your employer 401K may be your largest investment account. Understanding what you can do and should do with it are huge factors in your successful use of the retirement funds. I retired in 2010. Here are a few things that surprised me when deciding how to take my distributions. Background My company retirement funds were divided into two plans. When I first started, the company made all the contributions and it was all in company stock. Later, when they switched to a combination profit sharing/401k plan, the company shares just…

4 key money habits to impact to your children when young


Who we become when we are adults always stems from what we were taught when growing up and especially what we learnt from our parents. As your children grow, they are always observing how you earn, spend, save and invest your money. To ensure that they grow into being financially free individuals, you should start teaching your children the right money habits and attitudes from their tender age. This will result to them being more prudent in personal budgeting and financial planning when they grow up; and avoid the rat race of earning to pay monthly bills without saving and…

Helping Your Aging Parent Deal With Their Finances


If you have elderly, but still healthy, parents, grandparents or other relatives who rely on you - now is the time to think about your role with their finances in the event that you may need to help them manage at some point in the future. Even if your senior is fully functional mentally, other factors may impede them from properly taking care of the business of life. For example, my 94 year old Mother-in-law lives in a senior living complex, but is not on assisted living of any sort (other than she gets meals and laundry help). She has…

Forget About Early Retirement. Instead, Embrace Mini Retirements


The whole FIRE movement is endlessly fascinating, at least to me. I agree with the first half of the acronym, which stands for Financial Independence Retire Early. Financial independence is my ultimate money goal. I'm quite looking forward to the day when I can tell my bosses to shove it. I have no intention to do so--in fact, I quite like my bosses--but I do want the option of knowing I can be fired and not have to worry about where my next meal is going to come from. In fact, I'd argue that employees who are financially independent are…