Our children are not the same.   No matter how we slice it, there is no equality when it comes to the kids, especially about money. There’s a tendency by most people to automatically give equal amount to their children.    This is one of the worst things that you can do especially...

If you’re a stay at home mom or dad, did you know that you can still be contributing to your own retirement account? Even if you aren’t currently employed (which is debatable, really, because raising kids is a very difficult job), you and your spouse can file a joint tax return....

A law has been proposed that would automatically deduct 3% of your paycheck into a Roth IRA.   Senator Jeff Bingaman – D New Mexico – sponsored the Automatic IRA Act of 2010 . The basics of the act would require all businesses including those small businesses with as few as 10...

A mutual funds manager recently told me not to waste time trying to educate people about finance.   He said “you’re not going to help them be successful because they will not take action”.     I was offended at first, but upon reflection had to admit his statement had...

With the recent losses caused by the recession and the market downturn, you are dealing with a reduction in your savings and in some cases, disappearing advisers.  You probably feel that you could do a better job of investing or planning on your own than using a professional.   There are a...