Financial compatibility is right up there with having a sense of humor as a top trait that couples look for in a partner, according a new poll on “Love and Money.” But there can be some major differences in how partners manage money that can have serious ramifications in a relationship, and that could impact your own financial security.
Read MoreOne of my first real jobs out of college was as an analyst at a large investment bank. I was the only woman on our entire team of 50. As this was one of my first real jobs, it was also my first opportunity to start investing in my 401(k).
Read MoreAs we tell our nieces and nephews, goals are important in all areas of our life – they show us where we are going and give us the motivation to keep moving forward toward the things we really want to achieve in life.
As a Savvy Auntie, do you have money goals? Do you know how much you are earning now and what you want to be earning in a few years time, or where you want to be financially in a few years time? Money goals are just as important as all the other goals we set for our lives.
Read MoreSavvy Aunties know that the end of the year and beginning of a New Year is one of the most stressful and busy times of year.
I read recently that the average American eats out four times a week, and that we spend 40% of our food dollars on food eaten away from the home. This amount increases from December to January. Most of us do not plan to eat out so often, but there’s a delay a work, an appointment takes longer or the subway is running slowly. We are tired and hungry; there is no time to cook, so we end up calling for take-out or running next door for a quick restaurant meal.
Read MoreTax season is right around the corner, Auntie. Use this time to prepare for your financial future and make sure that those you love will be taken care of. Here are some issues you should consider and discuss with your tax adviser, financial planner and attorney:
Consider exemptions and tax rates – during your life, or at death, you can transfer up to the exemption amount free of federal gift and estate taxes. If your taxable estate is equal to or less than the exemption and you have not already used any of the exemption on lifetime gifts, no federal estate tax will be due when you die. If it exceeds this amount, it will be subject to estate tax.
Read MoreMy husband and I are in our late thirties, and we’re not sure how much we should be saving for retirement. How can we estimate what we’ll need and how much we should be putting aside each year to cover it? We both want to retire in our sixties. — Stephanie, Virginia
Read MoreNow that the kids are back in school, we may be asking ourselves—yet again—where the summer went. Each year, summer seems to pass by more quickly than the last.
Jill Tipograph, founder and CEO of summer programs and teen/college enrichment coaching firm Everything Summer, advises that parents take a moment with their kids to reflect on the past few months.
Read MoreToday’s generation of kids has been labeled the “me, me, me” generation. Let’s face it: Today’s technology fosters a culture of narcissism.
Our digital existence allows us constant access to the Web, text messaging, instant messaging, Facebook, Twitter and more. Young people are constantly tweeting, blogging and Snapchatting. So how can we flip the screen and get kids to pay more attention to the actual world around them?
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