Over Half of Americans “Haven’t Got Around” To Making a Will

Important Legal Documents

Think of all the things you own, from the money in your retirement account, to your home, your car, and your beloved stamp collection. Where will they go after you die? If you are like 61% of Americans who have not created a will, then you are leaving that question up to your home state […]

Partners in Love … and in the Boardroom

Partners in Love and Business

Can You and Your Spouse Cut it as Business Partners? When you married your spouse, you promised to create and share a life together, but does that mean you can also create and share a business? Many couples successfully helm a business together, but they also face many unique challenges. Below are a few important […]

Make a Wish This Thanksgiving and Then Make It Come True

Thanksgiving Abundance

This Thanksgiving, families and friends across the country will sit around the dinner table and consider the things they are thankful for. In a world that pushes us to want more than we have, it’s nice to actually appreciate the abundance already in our lives. Still, there is always a place for dreams in Thanksgiving. […]

How Do You Spell Success?

Ladder of Success

In case you haven’t heard, women’s financial stars are on the rise. Women now hold almost 50% of all corporate management positions and control more than half of the private wealth in America. Are you a working woman ready to step up your progress toward greater prosperity and accomplishment? Start with your own definition of […]

Holiday Shopping Tips to Keep You from Breaking the Bank

Gift Box

Here are some smart planning tips courtesy of Bills.com that can help you save $500 or more before the holidays. Budget Before employing any other savings tactics, create a holiday budget. Calculate the amount available to spend on holiday festivities, including gifts, cards, postage, decorations, entertaining, tips and travel costs. Break up with the barista  Breaking […]

Financial Planning for a May-December Relationship

couple

May to December relationships used to be about the younger woman marrying the older man, but more and more often we see a younger man marrying the older woman . Marriage between contemporaries is tough, but a 20-to-30-year age difference can make it a whole new ballgame.  For couples far apart in age considering a […]

Preparing for Tax Time

Paperwork Scrutiny

Oh, yuck, that time of the year is here.   I love new beginnings, but I sure don’t love dwelling on last year’s mess. Unfortunately, this time of year we all must sort through last year’s transactions so that we can render taxes unto Caesar (also known as Uncle Sam). Here are some tips for […]

What To Do If You Are Laid Off

To Do List

With unemployment still a problem in many locales and occupations, many people fear the possibility of being laid off. Here are some tips for coping with that prospect, courtesy of Ethan Ewing, president of free online consumer portal Bills.com. Negotiate well. If you are laid off, negotiate for a layoff package just as you would for a […]

Financial Infidelity

Financial Infidelity

Infidelity. Most couples think it’s a relationship breaker. But in many relationships a surprisingly amount of infidelity goes on every day without a word. Financial infidelity, rampant in many relationships, may go unnoticed at first. It could be as little as hiding small purchases from a spouse or as large as blatant disregard for a […]

Money Harmony and Marriage

Money and Harmony

Around Valentine’s Day, with romance in the air, what couple could imagine that they would ever fight about money? Yet disagreements over money are a couple’s most common source of conflict. Finance is as fundamental to married life as the birds and the bees—but nothing can be more damaging to marital bliss. What’s a couple […]

Test Your Marriage Money Skills

Couples and Relationships

Take our marriage money skills quiz to improve your joint understanding and communication about money. You and your partner should answer the questions separately and then compare the notes. The results may be surprise you! Download this Quiz (PDF) 1. My partner handles money: a. Like a bull in a china shop. b. According to our […]

This Is the Time of Your Life

The Dance of Life

If you’re a woman who has reached mid-life a bit dazed and crazed by the passage of time, you are not alone. No one would disagree that women experience a dizzying array of life transitions. From getting a job to getting married to having children to being divorced or widowed, a woman needs strength and […]

The Best-Laid Wedding Plans

Bride

It’s hard to stay on budget when planning your wedding-expenses can get away from you as you strive for the “perfect day”. Use the following savings secrets to keep your best laid wedding plans from going awry. Try not to make quick decisions. Impulsive decisions can lead to canceled contracts and returned items which in […]

To Prenup or Not To Prenup

Document

A prenuptial agreement (or prenup) is often more important in a second marriage than in a first. Because of obligations to children, existing assets, and prior legal commitments, a written agreement assures that everyone’s needs are clear and their financial interests protected. If your future spouse feels uncomfortable about the idea, reassure him that the […]

Are You Really Ready for Marriage?

Wedding Rings

Marriage is an enormous commitment. Before you take the big plunge, do a quick check to see if there is water in the pool. The following quiz can help you and your beloved assess your readiness for the responsibility of marriage and help you communicate about important issues from the beginning. Print out two copies […]

Positive Money Messages for Kids

Children and Money

Want to give your kids a wonderful gift that will last a lifetime and help them achieve their dreams? No doubt you’ve guessed that it’s not the latest video game or computer gizmo at the mall. Those are fleeting contributions to a young person’s happiness. Give them a healthy, positive, self-confident attitude toward money and […]

Help Wanted for Teens: How to Beat the Job Market Slump

Teen Jobs

The Help Wanted sign has practically disappeared for today’s teens. Too many young jobseekers are likely to spend the summer watching TV instead of scooping ice cream or serving pizza. CNN reported a 40% drop in teen employment last June, making 2008 summer hiring for teens the lowest in 50 years. And 2009 is shaping […]

How to Manage Money — Together

Money Tightrope

“When people argue over money, the argument is likely to have little to do with money. It almost always has to do with issues of control, security, self-esteem, and, above all, love.” –Grace Weinstein, author In our lives, we are pulled in many directions. We both desire and fear the power of money, and most […]

The Love Letter: Talking to Parents About Financial Concerns

Love Letter

Women today are in the sandwich generation, trying to balance the needs of their own families as well as their parents. But not much has changed over the years. When my grandmother became ill years ago, it was my mother who took care of her. In her late 60s herself, mom put her own needs […]

529 Plans—Not Just for Kids

College Graduation

Education isn’t just for the young – it’s also for the young at heart. In the future, the changing world of work will send many mid-life adults back to school for better career options. And surveys show that retirement-minded Baby Boomers want to continue working after retirement, often in a new career, or round out […]

Prenups Aren’t Just for the Rich and Famous

Sign on the dotted line

Who had a prenup when they married, Britney Spears or Paul McCartney? Score one if you chose the blonde bubblehead over the savvy billionaire Brit. Paul McCartney lost $50 million to his ex-wife Heather Mills in their March 2008 divorce court battle.  But Britney’s preplanning paid off: she paid just $300,000 to shed Kevin, leaving […]

Is Your Home Keeping You Together?

Home Together

Home sale prices dropped during the past few years, and in many communities the market is starting to move up, with buyers outnumbering sellers. But even so, if you are divorcing, selling your home can be a challenge in dividing up your assets. Your home likely is the largest asset that you and your spouse own, and […]

A More Perfect Union

Marriage and Union

“All marriages are happy.  It’s living together afterward that’s difficult.” Anonymous  Flags, parades, picnics, and fireworks.  July is the month we celebrate those traditions and institutions that make our society strong and free. Before the Founding Fathers wrote their plan for “a more perfect union,” they did a lot of thinking, discussing, and a fair […]

Money Camps and Other Ways to Inspire Your Budding Tycoons

Money Camps

As most parents agree, financial education for children is a great idea. In fact, many parents wish that they had learned more about money management way back when. Children are happy asking for and spending the money — until the day when Mom or Dad says, “That’s too expensive” or “We can’t afford that right […]

It’s Never Too Late to Get Started Saving for College

Piggy Bank for Saving Money

The best thing you can do is start saving for college while your kids are in diapers. But it’s never too late to begin. Even if you don’t implement your strategy until your kids are in high school, you can make great strides toward meeting your savings goals. Here’s how to get started. Start a […]

How Do You Rate on the Money Conflict Scale?

Money and Balance

When it comes to money and marriage, do you and your honey talk through issues? Or scream about them? Or just ignore them? Communicating clearly about money is critical, so take this quiz to see how you score on the money conflict scale. Quiz Instructions Write the numbers 1 through 10 on a sheet of […]

Teach Your Children Well

Financial Education for Children

Giving your children the gift of a financial education will pay off year after year. Of course, teaching your children about money goes beyond practicing their math skills with your change purse. There are 10 basic areas in which your children can learn about money, and how it works in their lives. Teaching Children Responsibility […]

The Difference Between Men and Women

apples and oranges

Until recently, the world of finances has been pretty much male dominated. And men and women think and learn very differently. For the most part, men don’t enjoy group interaction and sharing. Men are more likely to go it alone, prizing independence and autonomy, while women seek interaction and chemistry. There are a number of […]

Five Money Myths That Can Keep You Apart

Genie in a bottle

Managing money with your significant other is difficult enough. Don’t burden your relationship with half-truths that can make it even harder. Make sure these five money myths aren’t keeping you apart.  The partner who earns more, knows more. Your earnings are only a measure of how much you earn right now, period. They don’t represent […]

10 Sweet Ways to Say “I Love You” — on the Cheap

Picnic Basket

Use these ten sweet ways to say I love you without breaking the bank. They will improve your relationship more. Leave him a love note in his lunch box. Leave her wildflowers at the breakfast table. Call him at work and tell him to come home for an emergency-you. Show up at her work with […]

Helping Creates Happiness and Health

Happiness

Give your abundant life a hearty boost this fall—find a giving opportunity! Shelve books for the library, work the community health fair, bake cupcakes for the nursing home’s monthly birthday party. Choose a way to give back that pleases you—and see how good doing good can make you feel. Amazing new research shows a direct […]

Success Is Contagious – Catch Some Today!

Contagious

Attention, ladies! Don’t let yesterday’s negative perceptions dim your financial hopes. In case you haven’t heard, financial stars are on the rise for today’s woman. Almost half of Americans with assets greater than $500,000 are women, and women control more than half of the private wealth in America. Women hold almost 50% of all corporate […]

Change Your Habits, Change Your Life

New Habits

“Bad habits are easier to abandon today than tomorrow.” –Yiddish Proverb Habits start out like cobwebs but end up as strong as steel cables.  In his classic book, The 7 Habits of Highly Effective People, Stephen Covey describes the good habits that keep us on track in our life endeavors.  In working with many successful investors, we’ve […]

Finding Your Passion

Career Olympics

  Sometimes a job just isn’t enough. Your career should reflect your passions and your deepest values. The following worksheet can help you get started identifying the passions that can lead to a fulfilling career. Finding Your Passion Worksheet To figure out what you like to do and get someone to pay you for doing […]

Top Ten Signs that it’s Time for a Career Change

graphdown[1]

You keep hitting the snooze button because don’t want to get out of bed in the morning. You wonder if why you didn’t join the Peace Corps when you had the chance. You wish you were someone else. You have bad dreams about work. You over-eat, over-drink, over-exercise, or over-analyze to escape. You have frequent […]

Tailor Your Career To Your Lifestyle

Tailor Your Life

Whether or not you have children, you need to strike a balance between pursuing your professional goals and feeling fulfilled on an emotional level. Let’s take a closer look at some of the ways that women are balancing their career pursuits with their personal lives.  Flex-Time Because so many women are in the workplace, employers […]

Taking the Kids to the Beach?

Beach pail and shovel

We create our lives each day by choosing what we focus on. But too often what we focus on doesn’t advance our lives or accomplish our goals. We are too caught up in our daily living to even figure out our goals, never mind taking steps to accomplish them. Let us illustrate this with a […]

Make a Difference: Capture the Power of the Three E’s

Energize, Engage, Enhance

What can you do to make a difference? How can you use your time, talents and money most effectively? When we started WIFE twentythree years ago, we developed five guiding principles to make sure that we were using our resources in the most effective way. We continue to use these principles today. And so can […]

If I Had A Million Dollars

A fistful of dollars

What would you do if you won a million dollars in the lottery? Never mind that your chances of winning are just slightly better than the chances of being abducted by aliens. But still, winning the lottery is a favorite daydream for a lot of us. So what would you do? The answer depends on […]

Feeling Philanthropic? Read This First

Charitable Donations

There are thousands of worthy causes that could benefit from a donation of your time or money. In fact, there are more than 800,000 charities in the United States alone. So how do you decide which organizations to support? Think about two or three areas or causes you want to assist, and make this your […]

What Matters Most

Meditation

What matters most to you? Is it having the best, the shiniest, the most expensive new-fangled thing? Having it before everybody else? Or is it… To awaken each day relaxed and happy and not dreading the day to come, to have the time to enjoy your children, to watch your garden grow, to be free […]

What Do Women Like More Than Chocolate?

Women and Chocolate

What do women like more than chocolate? Lots of ideas might be coming to mind, but the surprising answer is that women like cooperation even more than chocolate! A recent study at Emory University used an MRI brain scan during an experiment that involved alternating cooperation and conflict. The (male) scientists thought that conflict would […]

Magic Wands and Roadblocks

Magic Wand

Here’s the good news you’ve been waiting for. You have a Magic Wand, and when you wave it you can have anything you truly want. Do you dream about winning the lottery? You’ve got it. Now what? The luxury cars and magnificent life-styles are nice, but what lottery winners relish most is the financial security […]

Is Money More Important Than Sex? Most Women Think So

Love and Money

An excerpt from the seminar “Investing in the Future: What Every Woman Needs to Know” by Gail Buckner, Senior Vice President of Putnam Mutual Funds. Men think more about sex than money. Women think more about money than sex. Those were the surprising results found by Money Magazine in its 1996 survey. Why do men […]

A Five-Step Blueprint for Growing Your Money

5-Step Bluepring

Mutual funds are supposed to make inventing easy, but picking and managing mutual funds is bewildering for most novice investors. Fortunately, you don’t have to know a great deal about investments to make money in mutual funds. All you need is a reasonable knowledge of your own financial situation and goals, and some basic guidelines […]

The Utility Scam and Three Days to Cool Off

Electric Light Bulb and Utility Bills

The Utility Scam A member tells us that she was recently contacted by a utility company about an overdue electric bill. Her estranged husband had agreed to pay the utility bills, and she was surprised to learn that he had not. The caller threatened immediate disconnection and pressured her to send a check right away, […]

Signs of a Healthy Approach Toward Money

Money Tree Nourishment

Your financial future is up to you. No matter what your past financial history has been, you can begin today to build a solid financial foundation. With a healthy approach toward money you can cultivate sound financial management. How many of these traits do you have? You feel in control of money rather than being […]

Your Relationship with Money

Relationship Masks

Writing your money history can be helpful in identifying which money issues from your past were most important to shaping your attitudes today. Use these questions to begin exploring your relationship with money. Take one page and don’t worry about making it perfect. Write what you think and feel and get it down on paper […]

Your Money Style Quiz

Right On Target

Printer Friendly Format 1. You lucky devil! Upon arriving in Las Vegas for a week-long vacation, you win $1,000 on your first bet. What do you do? a. Wire the money to your tax-free bond fund immediately and stick to your pre-arranged spending plan for the rest of the trip. b. Put it all on […]

Five Financial Fixes for Tough Times

Nurture your Finances

1. When the surf’s up, ride the waves. Dramatic fluctuations in the stock market allow you to “buy the dips”. With stock prices so volatile, prices may be down next payday when you contribute to your 401(k) plan. This means that you’ll be getting more shares for your money. Let’s say that you contribute $500 […]

How Do You Really Feel About Money?

Feeling About Money

How we feel about money-whether fearful and constricted or open and generous-greatly affects how we approach our financial lives. Use this exercise to identify your money attitudes and develop a positive approach toward your financial life. Circle the words that best describe your feelings about money and finances at the moment. Circle as many as […]

Facing Your Money Fears

Look in the mirror

Let’s clean out the old subconscious, shall we? People hang onto their money fears long after the danger has passed, and they worry about things that will never, ever come to pass. How much of what you worry about actually happens? For this one, you’ll need some paper and a timer. Set the timer for 15 […]

Choose Your Budget

Which direction to go?

When it comes to budgeting, one size does not fit all. A detailed budget will help you control every expense. But if you tend to overspend in just one or two categories, you may not need an elaborate budget. Here are five different types of budgets, one of which is right for you: A Comprehensive […]

Long-Term Care is a Woman’s Issue

Elderly and mature Women

Women! Hear us!  We know you don’t need anything else to worry about, what with working, caring for children, and being the only one who replaces the toilet paper roll when it’s empty. But there is a crisis in long-term care coming to America that will affect you and your family profoundly. According to US […]

Finance 101 for New Graduates

Graduation

It’s June is the traditional month of graduation, a time for new beginnings. As you join the world of work, realize that you have a tremendous power to shape your financial future.  That’s because you hold the greatest of all assets—time!  The ability to set goals and know what needs to be done to reach […]

Clean Up Your Credit

Clean Up

Spring is a good time to check your credit report and clean up any problems. But don’t sweep any dirt under the rug. That’s what Katherine learned the hard way. Katherine is an ambitious, intelligent business woman who had never missed a payment in her life. But when she reviewed her free credit report, available […]

Start Your Tax Planning Early

Tax Planning

If you start your tax planning early you’ll  have plenty of time to work on strategies to lower your tax “bite” for the coming year. Review your investments If you have taxable income from investments, consider investments that are tax-deferred (retirement plans and deferred annuities) or tax-free (municipal bonds, Roth IRAs, 529 education plans).  Match […]

The Taxing Aspects of Moving

Moving to a new location

When it comes to federal income taxes, it doesn’t matter where in the country you live – everyone is taxed the same. But state taxes, including income tax, sales tax, property tax, excise taxes, gasoline tax, and licensing fees, can be vastly different depending on where you choose to live. Most people select a community […]

Improving Your Knowledge May Be Tax-Deductible

Back to School

Going back to school or taking courses to enhance your knowledge for your job may be tax deductible. You may deduct the cost of all education you acquire to maintain or improve your existing job skills or to meet the express requirements of your employer to keep your job. But you can’t deduct the educational […]

IRA and 401(k) Mistakes

Error!

Avoid these pitfalls when investing for retirement. As a financial planner for over 20 years, I’ve seen a lot of money mistakes in my time. But the worst seem to come with retirement plans. Something about them just makes people do silly things I guess. One of the biggest mistakes is simply investing too conservatively. […]

Tax Deductions for Refinancing or New Home Purchase

Home Icon

With the real estate market in the slump and interest rates falling, many people are refinancing their homes or buying new ones at bargain prices. If you have taken out a new home loan recently, you can deduct points that you pay on your new loan, and possibly points that you paid in the past […]

Get Wired, Says IRS

Wanted: Compatible computers for online communication. Objective: electronic transfer of tax data and refunds. That’s the lonely hearts message being sent by the IRS, which wants your computer to cuddle up to its computer for electronic filing. The IRS is gung-ho about encouraging taxpayers to file electronically, but some taxpayers aren’t sure, and so far […]

Picking The Right Mutual Fund

Stock Picking and Mutual Funds

Your e-mails tell me time and again that one of the most daunting tasks you face is picking mutual funds and monitoring their progress. I’m so busy, you say – how can I make this task easier and less overwhelming? People often take a hodgepodge approach to their investments – even those who read the […]

The All-American Yard Sale

Yard Sale

Summer is a great time for taking a deep breath and a good look around. If you cast your eyes on the old homestead—the yard, the garage, the closets, and the cupboards—and see way too much stuff, you’re not alone. Americans have more stuff than they can handle. Think about those self-storage facilities appearing everywhere. […]

Save Money This Summer By Staying Home

Happy Sun Shine and Happy Times

Are your vacations so hectic that you need to get back to work to relax once you return?  Are you still paying off your last vacation while booking your next one?  Here’s a way to abandon the stressful vacation payment treadmill, and relax on the cheap this summer. Get away without going away Whenever my […]

It’s Harvest Time for Tax Losses

Harvesting Money and Wealth

It’s harvest time –for most of us that conjures thoughts of picking apples and nuts, but if you are an investor, the final months of the year are the time to harvest investment losses to offset capital gains and minimize income taxes. It will take a little effort, but you’ll thank yourself come tax time. […]

Home Improvements — A Good Investment or Not?

homeimprovements

Making changes to your home can disrupt your life, and it can be harmful to your finances as well. Before you decide on your next home improvement project, check out how much it will improve your home’s value. According to figures from the National Association of the Remodeling Industry, remodeling your kitchen or bathroom is […]

Should You Refinance?

Once you have a mortgage, you’re set, right? Not really—though your parents might have kept the same mortgage for 30 years, today’s fluctuating mortgage rates keep you on your toes. So when should you refinance? If you can get a no-cost loan at a rate that’s lower than you are presently paying, why not refinance? […]

Shopping for a House

Home for Sale

Is it time to go house hunting? If so, here are eight great tips to help you get the best deal: Start with the basics. Read the classifieds, visit open houses, and let brokers know what kind of housing you’re seeking. Apply to a lender for preapproval so you’ll know exactly how much home you can […]

Top 10 Tips for Successful Investors

Top Ten

There are volumes written about how to become a successful investor, and the advice is often quite complex. Here are some common-sense tips that will improve your investment success, no matter what your level of financial sophistication. 1. Come early to the party, and stay late. Begin investing as soon as you can, be patient, […]

Do Interest-Only Loan Pique Your Interest?

Home ownership has many benefits, but figuring out financing can be tricky. Many people are turning to interest only loans, touted as a way to buy more house for less monthly outlay. Interest only loans come in many variations, but in general you pay a fixed rate of interest but no principal for the first […]

The One, Two, Three of Investing

123

From what we’ve seen over the past 20 years, women are more likely to be better investors than men. Here’s why: They tend to research their investments more thoroughly and invest to meet specific long-term goals. They are inclined to hold onto their investments longer than their male counterparts, and panic less easily, even when […]

What’s Your Risk Factor?

Risk

To help you figure out your relationship to risk, we’ve created a short quiz. Take a few moments to complete it, choosing the answer that best describes you. The results should give you a good idea of how much comfortable you are (or aren’t) with taking risks. When taking this quiz: Answer all questions (guess if you’re not sure) Only check ONE box for […]

Will the Bull Market End?

We have now reached a milestone – the Dow Jones Industrial Average has reached 13,000, and prosperity continues. But economic indicators are mixed, and eventually the economy will slide into recession. Here’s how future economic developments may affect you. Q: If we have a recession, does it mean the stock market boom is over for […]

A Wise Risk Today Brings Good Fortune Tomorrow

wiserisk

Perhaps it was Confucius who said, “Nothing ventured, nothing gained.” Investing for the future is always a game of chance and risk-taking is part of the game plan.  The goal is to make your money grow—keeping ahead of inflation, using interest rates to your advantage in saving and borrowing, riding safely through the ups and […]

The Growing of the Green

Growing Wealth and Prosperity

If this March finds you wondering where to get a little more of the green stuff to cover life’s expenses, you’re not alone. Stories of rising prices and falling income fill the news—as if we hadn’t noticed.

Spring Cleaning Can Uncover Tax Deductions

Sweep into Spring Cleaning

In the springtime a person’s thoughts turn to — spring cleaning! We have to admit that spring cleaning is one of our favorite chores. Why?

Together in life – in taxes too?

Together in Life

If you are married, should you file a joint return with your spouse? Most couples do file a joint return that combines their income and deductions. But before you join that majority, you might want to re-examine your situation.

Choosing the Best Investments for Your 401(k)

Nest Egg

To make choosing easier, begin by grouping the available funds. Stock funds include large-company stocks (including ”growth and income” funds), small-company stocks (including ”aggressive growth” funds) and international stocks. Bond funds are categorized by length of the bond — such as short-term, intermediate or long-term — and by the kind of bond, such as government, […]

To Roth Or Not To Roth

Indecision

To Roth or not to Roth, that is the question. At least, that is the question on many people’s minds this year. Beginning in 2010, Uncle Sam lifted the income limits on Roth IRA conversions. Here are the answers to some of the questions you’ve been asking about the Roth IRAs. Why are Roth IRAs […]

Saving For Retirement On $5 A Day

What do you think is the most important factor for making your investments grow? Is it what you buy, or when you buy, or when you sell? In truth, it’s none of these. The most important factor for wealth-building is the steadiness with which you invest, year after year, starting right now. Let’s say your […]

Making up for Lost Time

Ready, Set, Go!

Almost 60% of Baby Boomers admit being behind in saving for retirement, and there are untold others who don’t even know where they stand. So if you’ve procrastinated you are not alone, but there’s hope. Here are some tips for catching up, even if you are off to a late start. Save MoreWould you really […]

PrimeTime Women

Prime Time Women

Have you noticed that more and more advertising is aimed at you lately? In Marti Barletta’s book, she says that’s because PrimeTime Women™  stand at the intersection of the two most powerful and prosperous consumer segments in the world today: 1.  The so-called “Mature Market” whose numbers are growing exponentially and who enjoy above average income, wealth, and spending power. […]

Rich Mom, Poor Mom

Mother and Child

We inherit many things from our mothers. Mom our first source of nourishment, love, and security, and she’s also a role model for many of the values and beliefs that shape our lives. Knowingly or not, Moms influence their children’s feelings about money, abundance, and prosperity—their sense of whether the glass of life is half-empty […]

A Famous Father’s Money Model for Kids

Dad- Reaching for the Stars

If you’re looking for a “Rich Dad” role model, you can’t do much better than the popular motivational speaker and best-selling author, Dr. Wayne W. Dyer. Wayne is rich in every sense of the word—in funds, in family, in friends and fans, and in fantastic life experiences. Father of eight and grandfather of five, Wayne […]

The Next Survivor Series

THE NEXT SURVIVOR SERIES   Six married men will be dropped   on an island with 1 car and 4 kids each, for 6 weeks. * * * Each kid plays two sports and either takes music or dance classes. There is no access to fast food. Each man must take care of his 4 kids, […]

A Penny Saved is Millions Earned

A Penny Saved -- Investment is a long-term process

Benjamin Franklin, one of our founding fathers, was a very savvy guy.  He said that a penny saved is a penny earned, but he proved that it really can be worth millions. In his will Franklin left the cities of Boston and Philadelphia 1,000 pounds each (the equivalent of $4,444). He asked that the funds […]

Your Investment Rights and Responsibilities

Invest Wisely

Today’s investments are steps toward tomorrow’s dreams. Whether it’s real estate, stocks, bonds, or another financial product, we buy in hopes that our investments will prosper and help us reach our financial goals. But all investments carry risk. It’s risk that provides the opportunity for money to grow. We as consumers have rights and responsibilities […]

Words of Wisdom from the Founding Fathers

Founding Father's Words of Wisdom

Bring on the picnics, parades, and fireworks—it’s time for our nation’s annual celebration of faith! July Fourth marks one of the world’s great acts of faith when a bold group of American patriots signed their names to the Declaration of Independence and risked everything for the dream of a free and just society. Of course, […]

9 Things Your Great Depression Grandparents Knew About Saving

Stretch Your Dollars

Are we heading into a Great Depression? Probably not. “While today’s situation does not necessarily imply another Great Depression, the economic downturn and those comparisons can encourage us to turn worry into a positive,” said Ethan Ewing of Bills.com. “Consider the lessons learned from the Great Depression and apply some of your grandparents’ financial knowledge […]

Mortgage Troubles: Options to consider

Mortgage

Foreclosure proceedings threatened over two million Americans last year, and almost 900,000 homes were repossessed in 2008. If you are having trouble paying your mortgage, here are seven options to consider, courtesy of Bills.com. 1. Determine if you Qualify for Hope for Homeowners HUD’s Hope for Homeowners program may be able to help you refinance […]

Financial Workout Tips

Financial Fitness

If you vowed to lose weight and get more exercise this year, you aren’t alone. But how about extending that fitness regime to your finances? Here are some financial workouts tips to get your finances in shape. 1.  Put Your Spending On A Diet Carrying too much debt is as exhausting as carrying extra weight. […]

Financial Advice: Four Good Reasons To Save Money This Year

Savings

It isn’t hard to find financial advice on how to save money. But have you ever thought about why saving money matters so much? Sure, it’s important to set aside money for retirement, for the kids’ college education and for those unexpected life expenses, but there’s another reason why it’s more blessed to save than […]

Uncommon Sense: Some Money Rules That Might Surprise You

Uncomon Sense

Most money wisdom is pretty straightforward. You simply have to use your common sense to figure out that it’s good to save for a rainy day, spend wisely on things you really need, and keep a hopeful outlook for your financial future. Sometimes, though, a money rule comes along that calls upon your “uncommon sense” […]

Is Bankruptcy the Answer?

Weight of the World on Your Shoulders

Are you considering bankruptcy as a solution to your financial woes? Bankruptcy is a very serious issue, so consider all of your options before you take action. Here are some steps to take before you file, courtesy of Bills.com. Pull a credit report first.  Visit www.annualcreditreport.com to get your free credit report. Confirm that all information is accurate […]

Holiday Money Tips

Credit Card Shopping Spree

The holiday season is fast upon us.  Just as it’s easy to overeat during the holidays, it’s easy to overspend, especially if you buy on credit. People spend about 15 percent more on purchases paid with a credit card. To help you through the holiday rush and keep your spirits bright, here are seven tips to […]

Stretch Your Legacy

Stretching Your Money

When Janice’s husband died suddenly at age 56, she was left with overwhelming shock and grief plus mounds of paperwork. We helped her deal with the paperwork as she made decisions, such as rolling over and investing the proceeds of her husband’s retirement plan into an IRA in her own name. But then her situation […]

Protecting Income in Retirement

Protecting Your Income

What keeps you awake at night? For most adults, it’s the fear they will outlive their money. The transition from regular paychecks to full-blown retirement can be downright scary. With traditional pensions going the way of the Model T, and the Social Security platform growing rickety, most of us will need ways to generate a […]

Retirement Truths and Myths

Myths

When it comes to retirement, people have some peculiar ideas, some of them just plain dangerous. Here’s what two recent surveys by Met Life and Employee Benefits Research Institute found. A full 43% of those surveyed think they can withdraw at least 10% of their retirement savings each year. That might work if you plan […]

Eight ways to get Money from an IRA penalty-free

Free Bird

When you lose your job or have unexpected expenses, unless you have a substantial emergency funds you are left scrambling for funds to cover life’s emergencies, and money in IRAs is an obvious target. Funds withdrawn from an IRA are taxable, and if you are under 59-1/2, you also will pay a federal penalty of […]

Last Minute Tax Tips

Tax Filing Federal form 1040

Hey, tax procrastinators! With just a few days left until taxes are due April 15, here are some last minute tips to help ease the pain. 1. Don’t Rush Just because you are filing at the last minute, don’t get flustered and overlook deductions. Take time to review last year’s activity to be sure you […]

Funny Tax Quotes and Facts

Stand-up Comedienne

Tax Quotes I’m proud to be paying taxes in the United States. The only thing is, I could be just as proud for half the money. – Arthur Godfrey The trouble with the profession of tax collecting is that 90% of its members give the rest a bad name. – anonymous Day in and day out, your […]

Where to Stash Cash For College

Mattress Savings Account

How old are your kids? How much have you saved for their education? If your answer is “not enough,” you are not alone. Most people don’t really start to save for college until their kids are teenagers, and a third of parents who intend to send their kids to college have saved less than $5,000. […]

Why Women Need Retirement Planning More Than Men Do

Golden Nest Egg

The good news for women: they live longer, so they will have longer to enjoy their retirement. The bad news: they live longer, and so their retirement will be much more expensive than for their male counterparts. Women tend to outlive their husbands. Only one-third of women over sixty-five are married, and on average women […]

This Is the Time of Your Life

Dance like nobody's watching

If you’re a woman who has reached mid-life a bit dazed and crazed by the passage of time, you are not alone. No one would disagree that women experience a dizzying array of life transitions.  From getting a job to getting married to having children to being divorced or widowed, a woman needs strength and […]

Can You Do Your Own Divorce?

Q&A

My husband and I are talking about getting a divorce after six years of marriage. We don’t have any children, and he thinks we can do it ourselves. What do you think? Doing your own divorce makes sense if your case is not complicated, your marriage was of short duration, you and your spouse have […]

Where to Search for Hidden Assets During Divorce

Searching for Hidden Divorce Assets

My husband just told me he wants a divorce, and he says he’s been thinking about it for quite a while. I’m afraid that he’s taken steps to hide money so that I won’t receive a fair share of our property. It’s smart of your to be suspicious. Although by and large people are pretty […]

Benefits for Widows a Tad Confusing

In the old days, widows were forced to live with their companions rather than get married, because if they married, they would lose their survivor Social Security benefits. But under current law, women can keep their widow’s benefits at long as they are at least 60 years old when they remarry. But marriage still has […]

Financial Advice: Lessons from Scrooge

Lessons for Scrooge

When Charles Dickens wrote “A Christmas Carol” in 1843, he was driven as much by financial desperation as inspiration. The story met with instant success, selling six thousand copies within a week, and it has never been out of print since it was written. Dickens wrote and published the classic tale to pay off crippling […]

Divorce Mediation: An Alternative to High-Cost Litigation

My husband and I are discussing divorce, but we are both afraid that once we get involved in the legal system, it will be very costly and we will lose control of the process. Do you think that mediation would work for us? We asked Genell Greenberg, MSW, who is an experienced divorce mediator and […]

New Year’s Affirmations

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New Year’s resolutions have a well-deserved reputation for failure. Instead of making resolutions, why not consider a New Year’s Affirmation this year? By repeating a positive affirmation over and over, you internalize your goal, and train your subconscious mind to transmute those thoughts into actualities. If you believe it, you can achieve it – it’s […]

Mr. Grinch Meets Mr. Claus

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It’s been more than 50 years since Dr. Seuss penned the beloved tale about that mean-spirited, cranky pessimist—the Grinch, a bitter creature with a heart two sizes too small. From his high mountaintop home near Whoville, he hears the happy Christmas festivities of the Whos. Envious, he steals their Christmas presents and decorations to prevent […]

Social Security and Divorce

Silver Lining

Here’s some good news about divorce, for a change. If your marriage lasted at least ten years, you can claim social security benefits on the entire earnings history of your ex-spouse.

The Secret is Out

The Secret is Out

With almost a million people visiting our WIFE.org and MoneyClubs each year, it is not unusual to get emails from people like Sharon, who contacted us last year. She wrote, “I am interested in changing my mind about money, and attracting it to me effortlessly. I want to live a life filled with wealth and prosperity, a life of […]