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When Parents Can’t Say No: Financial Enabling

“Pleeeeeze?” Your nine-year-old daughter has spent her allowance but is begging you to buy her a toy she “just has to have.” “I really will pay you back this time. I promise.” Your 30-something son, despite a history of non-payment that would make a banker flinch, is asking for another loan to get him out […]

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Annuities Do Not Belong In 401(k) Plans

Several weeks ago I wrote about the Setting Every Community Up for Retirement Enhancement (SECURE) Act, which will reform various aspects of US retirement laws. The Act was passed by the House in May and is currently stalled in the Senate. One of the most troubling of the SECURE Act’s 29 provisions is that it […]

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Resources and Services for Your Aging Plan

A few weeks ago I wrote about the importance of having a “Plan B” for aging when life events take an unexpected turn. Among the most common of these events are sudden and unforeseen health challenges that leave you unable to fully care for yourself. The day after that column ran, I received a call […]

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Inequity of Federal Minimum Wage

The House of Representatives recently voted to nearly double the national minimum wage from $7.25 per hour to $15. Democrats are rejoicing that this change, if passed by the Senate, will lift 1.3 million people out of poverty. Republicans are complaining it will cost 1.3 million people their jobs. According to the Congressional Budget Office, […]

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Polarizing Money Beliefs

“Money is meant to be spent!” “Money is meant to be saved!” We may not hear talk-show participants shouting these opposing views at each other with the same level of anger that characterizes some of our political rhetoric. Yet the core polarization that pervades so much of today’s society also shows up in people’s beliefs […]

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