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Tag: Cash Flow Planning

Bad Reasons To Retire

Watch this video on YouTube Carl was 62 when he decided it was time to retire. I asked why. He said all his friends were retiring and he figured he wasn’t getting any younger and thought he would, too. The next time I saw Carl, I asked how he was enjoying retirement....

New Credit Card Rules for Parents

I recently helped my 13-year-old daughter open her first bank account, complete with checks and a debit card. We have agreements in place on her use of the card and the checking account, and we will go over her statements monthly. This is a first step for her in...

A Timeline for the Health Care Bill

One of the challenges of trying to plan for the consequences of the health care bill (or, to call it by its formal name, the Health Care and Education Affordability Reconciliation Act of 2010) is simply sorting out when its various provisions will kick in. Here is an...

Teach Kids About Money – Be An Example

Good money habits start in childhood, says ParentDish.com in an article written by Meredeth Cardona. She states, “a survey from the bank HSBC found most people who described themselves as “active savers” started young: 57 percent said they had been...

How to Save for the Future on a Budget

In a couple of recent columns, I have suggested that building long-term financial health means developing the habit of living on as little as 30% to a maximum of 70% of your gross earnings. I can hear the comments now: “Rick, you’re a fat cat financial...