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Plan Well, Retire Well

Saving and investing your money
found money

Found Money

Have you ever noticed that as soon as you have a good chunk of money saved, things happen that cause you to spend it? I started this day excited. I checked my banking accounts to find that my income tax refund check had been deposited overnight.  While I advocate that people not use the federal government as a savings account and to adjust withholding to get more money in each paycheck. Th...

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Child and Dependent Care Credit – for Summer Camp Costs

Now that school's almost out, do you have plans for child care? The cost of child care during the summer can be quite the budget-buster! However, you may be able to cut the costs if you can use the Child and Dependent Care Credit. If you're sending them to summer camp, did you know that the money you pay for that may help you qualify for a tax credit on next year's tax return?...

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Dear Young Friend: IRAs Offer Tax Breaks on Your Long Term Money

Dear Karen, You mentioned that putting my long term savings into an IRA could save me some money on income taxes. How would that work? Your Young Friend ________________ Dear Young Friend,...

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Sasha Learns: How to Buy a House - The Hunt

So far in this series we've talked about renting verses buying, credit, and finding a realtor. Today's blog post will be slightly more fun as we'll briefly talk about the pre-approval process and the house hunt!! The Pre-Approval Process Getting pre-approved is an important step in buying a house. It gives you a dollar amount that you shouldn't go over as well a...

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Financial Education: Not Enough for All Financial Problems

I believe in the importance of financial education; I am a financial educator. I believe with good information people can avoid many costly errors and utilize their money to reach their dreams and goals. But it's not enough! And, as I talked to people during Money Smart Week I realized that it may sound like I think it is. However, it's clear to me that before people can make educated decisions...

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Buckets for your money larger

Dear Young Friend: Investing Your Long Term Money

Dear Karen, We've talked about the need to keep some money handy for expenses, and some more where I can get to it in case of an emergency. So what do I do with Bucket #3. I'm still a little uncomfortable with the idea of investing. It seems like the stock market has been a bad place to have your money pretty often over the last few years. Your Young Frien...

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Choose what you want to learn during Money Smart Week, April 18 - 25

Money Smart Week is coming, April 18 to 25, 2015. It's the best time of year to learn anything you want about managing your finances. Why is it the best time? It's all free. There will likely workshops near you . Over a thousand programs will take place across Illinois. There are also programs in about...

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