Considering that she started saving three years ago, she has done well, ... I applaud her choice to put more emphasis on quality of life and her lack of debt. |
Even for middle-income and upper middle-income clients, when I tell them they are looking at sometimes half a million dollars or more they'll need to leave behind, they usually say they don't have it, |
Financial freedom is so intertwined with what a person wants to achieve in life. It doesn't necessarily mean never having to work again, but instead has more to do with realizing your own dreams. |
He needs to maximize his savings for his own retirement as well as his daughter's education, yet his debt is absorbing 43 percent of his monthly income. |
I have gotten everything from a one-page letter written in pencil to a 50-page computer generated masterpiece, |
I won't even begin to work with a client until they have completed a letter of intent, which deals with your hopes and dreams for the child, ... I tell the mom, who is often the one who writes it up, that they should write it as if they were an angel on the shoulder of the designated caregiver. She should include everything she would whisper in their ear. |
If he saves a total of $15,000 per year, assuming an 8 percent rate of return, he should have more than $1 million by the time he's 65, or even more if he can earn a higher rate of return. |
It was a typical Brandon day. |
It's difficult for some military personnel after five or six years who may be married, have kids and other financial obligations, ... If they haven't banked some on the side, it's tough. |
It's going to boil down to who lets him run track. He asked me once if anybody has ever won the Heisman Trophy and an Olympic gold medal. |
It's not easy, the money only goes so far, |
quality funds in a well-diversified portfolio that earned 9.3 percent (all accounts) in the last 12 months, whereas the S&P 500 lost 14.8 percent. |
Saving $2,000 annually in an Education IRA (starting in 2002) or a college savings plan (529 plan) earning 8 percent should provide the needed money, ... The Education IRA has the most flexibility since the new tax law allows money to be spent on computer technology, Internet access or K-12 expenses in addition to college costs. |
Saving $2,000 annually in an Education IRA (starting in 2002) or a college savings plan (529 plan) earning 8 percent should provide the needed money. The Education IRA has the most flexibility since the new tax law allows money to be spent on computer technology, Internet access or K-12 expenses in addition to college costs. |
She is off to a good start, ... and with savings discipline, she has a good chance of achieving her goals. |