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• When Income Exceeds Expenses
  Congratulations! You have savings potential. Are you currently saving money or are you spending your excess? If you aren’t currently saving money, the good news is that you have the most important thing to become a saver - -money! Instead of thinking about your excess income as money to play with (a..
• Why Should I Care About Saving?
  Saving means to put some money aside for later use. When your kids are little, you encourage them to put some of their birthday money in their piggy bank.. Saving means to put some money aside for later use. When your kids are little, you encourage them to put some of their birthd
• Saving & Investing: When, Why and How
  Saving and investing. Those two words can dredge up fear and frustration in the hearts of even the most well-educated, competent adults.. Saving and investing. Those two words can dredge up fear and frustration in the hearts of even the most well-educated, competent adults. Why? The list
• Generation X (Born between 1968-1983)
  The generation that has grown up in the shadow of the Baby Boomers is accustomed to relying on themselves. However the economic recession has sent a strong message to Generation X workers: “you may have had unrealistic expectations about the kind of financial returns you can expect on your investments..
• I don't know where to begin.
  The most important part about beginning to save and invest is just that…beginning. In fact, changing your attitude toward saving and investing may be the biggest hurdle you have to overcome.. bout beginning to save and invest is just that…beginning. In fact, changing your attitude toward saving and investing may be
• The Single Woman
  Scenario: Rosa is a 40-year old single woman living in Rhode Island. She is a manager of media development for a large Fortune 500 company.. Scenario: Rosa is a 40-year old single woman living in Rhode Island. She is a manager of media development for a large Fortune 500 company. She earns
• Before leaving your job
  Roll over any 401(k) savings you have accumulated into an Individual Retirement Account (IRA) An IRA is an investment account you can open through a local bank branch, financial services company or mutual fund.. Roll over any 401(k) savings you have accumulated into an Individual Retire
• Ready to Buy a Home
  Scenario: Malcolm and Gayle are a young couple living in Iowa. Both have full-time jobs earning a combined annual salary of 80,000.. Scenario: Malcolm and Gayle are a young couple living in Iowa. Both have full-time jobs earning a combined annual salary of 80,000. Their main monthl
• Saving and Spending
  When two families come together spending money – and intentionally saving, or not spending, money - is often an issue. Two previously single parents usually have had no one else involved in their decision-making about spending and/or saving money.. When two families come together spending money – a
• Investing in Your 20s
  Starting out in the workforce you have a huge advantage working for your retirement planning: time is on your side. By creating the habit of saving and investing for retirement now, time will enable you to reap the benefit of both compounding interest and long-term gains.. Starting out in the workf
• Start Out Smart! 7 Money Moves to Make Now
  Congratulations – you have a job! Your first full or part-time job can be exciting, overwhelming and scary…all at the same time. The biggest benefit is of course having a real paycheck! Before you run out and spend that entire first paycheck, there are a few wise financial “first moves” you should c
• Millennials (Born 1984-1992)
  If you’re a member of “Generation Y” you’re either just starting out in the workforce or have a few years under your belt. For most millennials retirement seems like, well, a millennium away.. neration Y” you’re either just starting out in the workforce or have a few years under your belt. For most millennials retire
• It's too overwhelming to figure out.
  Let's take it one step at a time. What are you saving for? Chances are you already know the answer to that question, you may have just never put it down on paper.. a time. What are you saving for? Chances are you already know the answer to that question, you may have just never put it down on paper. Here's an ea
• I have a pretty good budget, but....
  Ultimately, you'll need to decide for yourself what financial goals are most critical for you to reach. Everyone's financial planning methods are different…personal.. o decide for yourself what financial goals are most critical for you to reach. Everyone's financial planning methods are different…personal. Following
• Budgeting and Reducing Variable Expenses
  Budgeting is an important financial discipline to help plan spending, and create and invest savings. Encourage the person you are helping to . Budgeting is an important financial discipline to help plan spending, and c
• Investing is just another word for saving.
  FALSE. Both saving and investing are about putting money aside rather than spending it, but with two different goals.. FALSE. Both saving and investing are about putting money aside rather than spending it, but with two different goals. The goal of saving is to be sure
• Differences between Saving and Investing
  Saving is the process of putting money aside now—rather than spending it—so you have it when you need it later. When you deposit money in savings accounts, checking accounts, and Certificates of Deposit (CDs) in a bank or credit union, your deposits are likely to be insured by the Federal Deposit In
• My Budget Summary
  Congratulations! Creating a budget takes time, patience, and, admittedly, a little bit of courage. By taking this first step you’ve empowered yourself.. Congratulations! Creating a budget takes time, patience, and, admittedly, a little bit of courage. By taking this first step you’ve empowered yourself
• The Emotional Transition to Homeownership
  The process of looking for, negotiating and finally buying a new home can be both exciting and nerve-wracking. Being so invested in something can really change your views on some things – like how you think about making financial decisions or how you choose to spend time to care for your home..
• Ways to Save for College
  Once you choose to make saving for a child’s college education a financial priority for your family the next step is creating a plan to make it actually happen. Here are a few tips to find and begin carving out savings: Examine your budget.. Once you choose to make s
• How to begin to think about saving
  Saving money can seem impossible sometimes. But with a little thought you may be surprised that you can find ways to save money.. Saving money can seem impossible sometimes. But with a little thought you may be surprised that you can find ways to save money. And we don't mean a l
• The Young Couple
  Scenario: Marcus and Julie, both 27, live in Tennessee and have been married for a year. Julie is in nursing school and also works part-time as a nursing assistant at a local hospital.. Scenario: Marcus and Julie, both 27, live in Tennessee and have been married for a year. Julie is in
• Saving
  Saving money is not something that we, as Americans, are very good at. In fact the U.. hing that we, as Americans, are very good at. In fact the U.S. Department of Commerce reported that America’s personal savings rate is the lowest in the industrialized world. .Saving money is a critical habit to develop a
• New Student Loan Law Creates Big Changes for Borrowers
  College is expensive and according to FinAid the majority of college students (65% obtain some form of financing to help pay for their two year, four year or graduate degree programs. If you or your child has a loan for. College is expensive and according to FinAid the majority of college studen
• Creating a Location-Independent Job with Your Current Employer
  If you’re interested in having a location-independent job you may think that you have to strike out on your own, however that’s not necessarily true. Before you hand in your two weeks’ notice to find a job that doesn’t require you a commute to punch a clock you should think twice.. aving a location-independ
• First Steps
  Once you have made the choice to take back control of your financial life there are some immediate first steps you can take to feel empowered and make a significant, positive difference Get rid of the guilt. Feeling guilty or. Once you have made the choice to take back control of your financial life t
• Paying for Health Insurance Coverage
  If you have employer-sponsored insurance through your or your spouse’s work, you are still likely to have to pay some portion of the premium. Most likely premium payments will be deducted from your paycheck on a regular basis.. sored insurance through your or your spouse’s work, you are still likely to
• I don't really need to worry about saving and investing enough now for my retirement. If it isn't enough, I'll just have to keep working no matter how old I am.
  Regardless of whether you have saved enough money to retire, it is very likely that at some point in your life you simply either will not be able to work or there will be no work opportunities. Yes, people are working at jobs later into life, delaying retirement or gradually working their way into f
• The Risks of Not Saving & Investing
  There are four major risks of not saving adequately for your future needs and goals: The likelihood of Social Security benefits not providing adequate money for a long-term, post-retirement lifestyle That your life expectancy will outpace your savings The possibility of a major unexpected life or ec
• New Initiatives Aimed at Helping You Save More for Retirement
  The federal government is making changes to help you save and invest for your post-work future. The new rules are designed to help Americans save for retirement by making it more “automatic” – by having workers automatically enrolled in 401(k) or SIMPLE IRA retirement savings plans, having tax refun
• It takes a lot of money to be an investor
  FALSE. You have probably heard that it takes money to make money, and that’s true to a degree, but it does not take a lot.. FALSE. You have probably heard that it takes money to make money, and that’s true to a degree, but it does not take a lot. If your employer offers a r
• Teenagers
  Your teenage children will need to take increasing responsibility for spending and saving and learn from the natural consequences of personal financial choices. Talk with your teen about the values you and your spouse hold regarding money, how those values have shaped your financial choices as a fam
• Budgeting for Beginners
  If you’ve never used a budget before – either because you don’t like the idea or because the thought of budgeting scares or intimidates you, consider changing your perspective. At its most basic, a budget is a tool.. If you’ve never used a bu
• Handling Your Finances
  Handling money matters is intimidating for a lot of people. Maybe it is for you.. Handling money matters is intimidating for a lot of people. Maybe it is for you. You may be overwhelmed or uncertain as to how to start facing your finances. Money matters can seem like a bottomless p
• Step 2: Your Chart
  Just by answering a few basic questions you've already taken an important first step in getting a grip on your financial needs. The chart you see at right is a picture of the types of investments that you should consider based on your responses.. Just by answering a few basic questions you've alr
• Step 3: Take Action
  Now that you've got the "big picture" of what types of investments may be best for you, take a few minutes to answer a few more questions about your saving and spending habits . Once you complete this short questionnaire and click on the "continue" button you'll get a simple, personalized list of re
• 10 Tips to Protect Yourself from Investment Scams
  Everyone wants to “get rich quick” but no one will, at least not legally. Unfortunately the investment world does include a few fraudsters and con artists who try to enrich themselves by taking advantage of other people’s weaknesses, needs and desires.. Everyone wants to “get ri
• College Education Cost Planning
  Being able to pay for – or help pay for – a child’s education is one of most parents’ significant, and costly, financial goals. In fact “Money” magazine found that: 41% of parents plan to pay their child’s full college bill 54% plan to pay some costs 95% plan to pay at least something toward their c
• The Basics of 529 Plans to Save and Invest for College
  If you have children and you would like for them to attend college you need to start saving – and investing that savings so that it can grow in value - now. While most Americans cite “paying for a child’s education” as a top family financial priority, according to a December 2009 FINRA Foundation su
• In Your 40s
  As retirement becomes closer your investing time horizon is shortening; saving and investing for retirement must become a high financial priority if you want to be able to reach your retirement lifestyle goals. Here’s how: Define your strategy..
• 10 Simple Steps to Start Saving Money Now
  Develop a simple, easy to implement plan with Tomorrow's Money “Personal Savings Schedule” Click here to link directly to the site’s . Develop a simple, easy to implement plan with Tomorrow's Money “Personal Savings Schedule” Click her
• 10 Smart Ways to Make a Little Extra Savings Go a Long Way
  Regardless of your age, how much or how little you already have saved, or how little you feel like you can save, it's never too late to start saving for your future Every little bit - at every stage - can add up to a significant amount.. Regardless of your age, h
• 10 Great Things to Do with Your Tax Refund
  According to the IRS nearly 75% of all Americans will get a tax refund this year, averaging nearly 2,500. Do you anticipate receiving a refund? If so, don’t just rush ahead and spend it.. According to the IRS nearly 75% of all Americans will get a tax refund this year, averaging nearly
• Dealing with a Dependence on Credit when Life Changes
  While using a credit card can be more convenient than writing a check or taking time to stop at an ATM to get cash, using credit as a supplemental source of cash can become an expensive habit which can create an even tighter squeeze on an individual or family budget if life circumstances-or larger e
• I don't have enough time to figure this all out.
  Do you have 30 minutes? Then you can start implementing a personal saving and investing plan. One of the biggest barriers to saving and investing, for many people, is the lack of time.. Do you have 30 minutes? Then you can start implementing a personal saving and investing plan. One of
• Paying for Health Insurance Coverage
• Minimum Payment Required on Credit Cards Going Up
  Credit card companies typically required customers to make a minimum payment of just 2 percent of their total card balance. That 2 percent only helped pay your interest and fees and didn’t help make a dent in the actual principal amount you owed.. Credit card companies typically required customers
• Changes You Could Make at the Office
  Just like making changes around the house, there are things you can do during your workday to feel better about the impact you and your co-workers are having on the environment. Create a recycle box.. Just like making changes
• Your Current Debt and Ways to Save for a Mortgage Down Payment
  The amount of debt you currently have and your credit score (which tells lenders how reliable you are about repaying your debt and loans) will also affect how much interest you will be charged on your loan. You should consider getting a free copy of your credit report now, early on in the home-buyin
• What difference does the interest rate make
  Even a small difference in interest rates can make a big difference in how much you'll owe or you'll earn. The key is when it comes to debt you want a low interest rate and when it comes to saving and investing you want a high interest rate.. Even a small difference in interest rates can make
• 10 Things Every Public Worker Should Do
  Read your benefits package carefully and attend any new employee orientation meetings or review resources through your organization’s internal website. Make sure you know the deadline for selecting or signing-up for benefits and when the next open enrollment period is. Talk with someone in your HR d
• Clean Out Your Wallet
  Lose a little summer weight by emptying out your wallet. Take stock of what you've got - do you really need all those credit cards? Consider cutting up a few and consolidating some of your credit card debt.. Lose a little summer weight by emptying out your wallet. Take stock of what
• Stepping Up Your Savings I.Q.
  Looking for a good beach read? Okay, so maybe flipping through a mutual fund prospectus isn't your idea of scintillating summer read. But wouldn't it be a good idea to know how to manage the money you already have? Or maybe learn how to take the first step to saving? Start small..
• Preparing Yourself for Unexpected Expenses
  When the crisis is past, try to set up even a small emergency fund that you add to if you have any extra money. Creating an emergency fund gives you a financial reserve to draw upon instead of having to consider getting a short-term loan the next time money gets tight.. When the crisis is past,
• Goal Setting
  Think of the last time you felt really proud of yourself. What was it that you achieved that you took pride in?  Was it an award that you won at work?  Losing a certain amount of weight?  Finishing coursework toward a degree?  Chances are that whatever it was, you thought about it, planned for it and wo
• Talk About Your Financial Goals
  Just as you and your new spouse probably have goals for how you as husband and wife, and your children, will merge into a new family structure, it’s important talk about what type of financial goals you want to set for your blended family. Some common financial goals for couples are: Raise a family
• Important Considerations for Saving and Investing: In Your 30s
  While retirement may still feel like a lifetime away this decade is critical for saving and investing. You still have plenty of time to save and invest and reap the benefits of compounding interest and long-term gains.. l feel like a lifetime away this decade is critical for saving and investin
• Banking and Saving
  Banking and savings are two basic building blocks of personal financial planning. Saving money is fundamental to creating the resources necessary to invest for your financial future.. Banking and savings are two basic building blocks of personal financial planning. Saving money is fu
• Important Considerations for Saving and Investing for Retirement at Every Lifestage
  Retirement is one of the single most important financial goals you’ll ever have. It’s also one of the most expensive.. Retirement is one of the single most important financial goals you’ll ever have. It’s also one of the most expensive. Retirement – the period in life when you no longer work a
• 13 Things Your Family Can Do Today
  All parents want their children to grow up knowing how to responsibly handle money – how to earn money, how to most wisely spend it, and how to invest it well for future needs. But how does that happen?  Here are 13 things that every family can do together to take control of your finances to reach im
• The Risks of Not Saving
  There are four major risks of not saving adequately for your future needs and goals: The impact of inflation on your savings The likelihood of Social Security benefits not providing adequate money for a long-term, post-retirement lifestyle That your life expectancy will outpace your savings The poss
• Saving for Retirement When You're Not Working
  When 32-year-old Eveline found out she was pregnant she began counting the months until her baby's arrival… and she could leave her full-time job as a sales representative for a pharmaceutical firm.. When 32-year-old Eveline found out she was pregnant she began counting the months until her baby's a
• Saving for Next Year’s Holidays
  Once you’ve begun to alter your plans for next year the next step is to create a plan to save over the next 11 months so you have some money on hand toward those expenses – even just 10/week adds up. Come next December you could have nearly 500 saved.. Once you’ve begun to alte
• Saving at the Pump
  To help reduce your overall gas consumption consider the following tips: Drive wisely. Aggressive driving (raking, speeding and rapid acceleration) is not only unsafe but a waste of gas – you can use up to 33 percent more gas by driving aggressively at highway speeds! Pump your tires up. By keeping
• Saving for a Down Payment for a Home
  Purchasing a home is a big financial commitment—and one that will require you to put down a significant amount of cash, typically up to 20% of the purchase price of the home, out of pocket. There are some important things to consider and steps to take when beginning to save money toward a down payment on a home. 
• Spending and Saving Decisions
  As you work through your financial goals and priorities it will become easier to reach agreement about how you will spend and save money. It seems obvious but the only way to save money is to find ways to not spend all the money you’re bringing in.. As you work through your financial goals and prior
• Financial planning, saving and investing isn’t really my thing. I believe it's better to simply live for today. You don’t know what will happen tomorrow anyway.
  Many people fear dealing with financial issues, feel overwhelmed at the thought of managing their money, are convinced that they don’t have the skills needed to create their own financial security, or don’t think it will matter anyway. The truth is that not only do you have the basic abilities neede
• Repayment Plan Options
  While you might not like the idea of having to repay your student loan, the good news is that most likely you do have some choices about how you repay it. Let’s look at each type of loan and what repayment plan options are available: Direct Loan Program If you have a Direct Loan under the Stafford L
• Catching Up on Retirement Savings If You Start Late
  Bob’s budget was tight when he first began working but he put a little bit aside each paycheck into his employer’s 401(k) He figured it was a good way to save some money on taxes if nothing else.. en he first began working but he put a little bit aside each paycheck into his employer’s 401(k) He
• Similarities between Health and Money
  Let’s consider some of the similarities between your health and your money, and then address small ways that you can begin making positive steps in both areas. Barbara O’Neill and Karen Ensle at Rutgers University have identified some interesting, practical similarities between money and health and
• Utilities and Appliances
  Ask most people what the single largest contributor to global warming is and you’re likely to get a variety of opinions. But the answer is the production of electricity.. Ask most people what the single largest contributor to global warming is and you’re likely to get a variety of opinions. But
• Rethinking How You Plan, Save and Invest for Retirement
  You commit yourself to saving for retirement. You take steps to understand how long your financial resources must last in retirement years so you don’t outlive your savings; you test guideline amounts needed to retire using an online calculator; you start contributing to 401(k) or IRA or SEP or othe
• More about Debt Financing
  Although banks and financial institutions may advertise how much they enjoy lending to small businesses, do not expect to qualify for a loan without a solid business plan and some track record of success. Small business loans from banks usually have at least a 50,000 minimum because the banks canno
• Planning Your Exit
  Setting clear goals for your business involves having some end in sight, even if that’s your own retirement. You may want to build a business that can someday be sold to a competitor or even taken public in a stock offering (in which case it has to be quite big and quite stable).
• Adapting to Long-Term Temporary or Independent Contract Work
  Since the recession of 2008 employers have been slow to re-hire people for positions that they cut. If you lost your job, you may have started working with a temporary staffing firm or working as an independent contractor, or freelancer, to help make ends meet.. 08 employers have been slow to re-hire people for
• When You Lose Control of Your Finances – How to Get Back on Track
  Jessica was scared. She had a full-time job and thought she made enough money to cover her bills. However after an unexpected car accident and subsequent repairs, a higher-than-expected insurance premium increase and a flurry of bills she began to worry that she wouldn’t have enough money in her che
• Resetting Your Retirement Clock
  With market volatility, economic downturn and financial uncertainty people are increasingly unsure of what they can expect from their employers and if their savings plans for retirement will produce what they need. Many workers are also rethinking how long they will need to work.. conomic downturn and fina
• Tax Changes that Could Affect Your 2009 Tax Bill
  Changes to the tax law in 2009 could affect your federal income tax bill. It’s important to know what tax law changes could affect you personally and how those changes could trigger either an increase or decrease in the amount of money you owe – or the amount of money you could be refunded by – the
• Tips to Maintain Financial Stability
  Life changes. And you, with a fluctuating income, probably know that better than most. There are some things to keep in mind that can help you stay on track with your plan to create more personal financial stability.. Life changes. And you, with a fluctuating income, probably know that better
• Moving Forward
  After you have taken the first steps to identify the source of your financial problem(s) and your current budget the next step is taking action Talk to your creditors. If you’re behind on bills or if something has changed (i.e.. After you have taken the first steps to identify the source of your financi
• Looking Ahead
  Once you have succeeded in getting your finances back on track, improve your chances of not falling back into financial difficulty by taking these preventive measures Figure out your “triggers. An important first step to regaining control of your financial. Once you have succeeded i
• Welcome to Tomorrow's Money
  Wouldn't it be nice to look forward to the future confident about your finances? The truth is that most women aren’t. In fact, three-quarters of all American women are worried about their financial future but not sure about what to do about it.. ok forward to the future confident about your fina
• Estate-Planning
  While married couples have the benefit of estate related laws that ensure, for example, that a surviving partner can remain in the home you share after you pass away, unmarried couples don’t. Without adequate legal protection, the courts will use. While married couples have the benefit of estate-r
• I'm too busy paying off debt.
  Congratulations! You've already begun taking charge of your financial future…maybe without even realizing it! Paying off debt, particularly debt that carries a high interest rate such as credit card debt, is for many the best first step to begin saving and investing for your future. That said, you s
• It's too late for me to start.
  Nonsense. You know the tired bumper sticker “It's never too late to have a happy childhood” Well, it's true that it's never too late to start saving and investing.. red bumper sticker “It's never too late to have a happy childhood” Well, it's true that it's never too late to start saving and investing. Sure, your
• I don't know where to turn for help.
  Once you're comfortable knowing your own financial situation, and have begun making some small, but very important steps, toward saving and investing you may want to get additional help. There's a wealth of good, easy-to-understand, free help available by going online or doing some simple research a
• No More Excuses
  If you're feeling guilty or panicked for not already having a personal financial plan in place, you're in good company. Would it help you to know that most people who haven't begun saving and investing for their future have the same excuses for not doing so? This section is designed to help you face
• I live in a large, multigenerational family. We pool pretty much all of our money to take care of one another so I don't really need to worry about managing money.
  The number of multigenerational families - households with three or more generations living together - is on the rise. Many multigenerational families choose to regularly pool their resources to help care for one another and shoulder the financial burdens of everyday living.. tional families - househo
• I've already declared bankruptcy, my credit is ruined, and I know I'll never really be able to get ahead--so what's the point?
  Failure is not final, so the saying goes. The same is true for bankruptcy.. the saying goes. The same is true for bankruptcy. Every year hundreds of thousands of Americans file for bankruptcy and have to begin the road back to repairing their financial life. Regardless of how disappointing or even de
• I could never be an investor.
  FALSE.   You already are an investor even if you do not yet own a single . FALSE. You already are an investor even if you do not yet own a single stock , bond or mutual fund . If you’ve ever spent time on raising kids, learning to cook, or improving
• When to Begin Taking Benefits and How Benefits are Calculated
  You have three options when to begin receiving your Social Security benefits: you can elect to take your benefits early, you can wait until your “normal retirement age, or you can wait until later. If you need to begin receiving benefits early you will earn less; if you can wait to take benefits, th
• Managing Maternity/Paternity Leave
  You may need, or want to, take leave before the baby is born – due to medical or other reasons, and you will certainly want to take at least some time off after delivering your child. You’ll want to check with your employer to learn about their maternity/paternity leave program.. take leave before the ba
• After you've left your job there are a few important steps to take
  Open an IRA. Even if you don't have any accumulated retirement savings through your previous job, open an IRA to begin banking some savings through small or moderate lifestyle changes. . Open an IRA. Even if you don't have any accumulated retirement savings thro
• Before You Go Back to Finish Your Degree or Get Another
  Before Caroline had finished her undergraduate degree she knew that she wanted to go to grad school and get her Master’s degree…maybe even eventually get her Ph.. hed her undergraduate degree she knew that she wanted to go to grad school and get her Master’s degree…maybe even eventually get her Ph.D. in psycholo
• Learn More
  Financial confidence comes from continually building on and applying the knowledge you have that is relevant your particular situation. If you’re interested in learning more about this topic the following sections can provide helpful information, tools and tips.. s from continually building on and applying the kn
• Take the Right Steps
  We all need to start somewhere. Taking a little time to follow these steps will help you to honestly evaluate your situation, accurately identify your options for financial improvement, and quickly learn how to take action to ensure a more secure financial future.. We all need to start some
• How Much Should You Save?
  FIRST, THE BAD NEWS: If you have dreams of sending your newborn child to Harvard, you'll have to raise a small fortune to foot the bill. Now, the good news: Thanks to the emergence of 529 plans, saving for college is easier than ever.. FIRST, THE BAD NEWS: If y
• Your Potential Investment Chart
  Just by answering a few basic questions you've already taken an important first step in getting a grip on your financial needs and how that relates to your possible investment choices. The chart you see at right is a picture of the types of investments that you should consider based on your resp
• Asset Allocator
  ASSET ALLOCATION is a crucial first step in creating a well-diversified portfolio. The worksheet below will help you tailor your asset mix to your own particular needs.. ASSET ALLOCATION is a crucial first step in creating a well-diversified portfolio. The worksheet bel
• Small investors never succeed.
  FALSE. How do you think big investors got to be big? Unless they inherited a ton of money or won the lottery, they started as small investors and let a little money make more money until it became a lot.. FALSE. How do you think big investors got to be big?  Unless they inherited
• 401(k)
  What is a 401(k) and Why Should I Have One? Enron. Six months ago most Americans wouldn't have recognized the name.. What is a 401(k) and Why Should I Have One? Enron. Six months ago most Americans wouldn't have recognized the name. Now we're painfully familiar with
• Financial Aid Implications
  Just because you have saved and invested for a child’s college education through a 529 plan you may find that you don’t have all the funds needed when s/he arrives on campus. Most parents look for supplemental college financing by applying for financial aid.. Just because you have sav
• About SIFMA FIE
  The SIFMA Foundation is an independent 501c3 organization that develops and directs initiatives to promote financial and investor education for all ages, spurring greater economic independence for individuals and enabling them to better access the opportunities inherent in our global marketplace. Th
• About The SIFMA Foundation
  The SIFMA Foundation is an independent 501c3 organization that develops and directs initiatives to promote financial and investor education for all ages, spurring greater economic independence for individuals and enabling them to better access the opportunities inherent in our global marketplace. Th
• Seasonal Stories
  Fall Home Buying 101 Want to become a homeowner? Wonder what it will take to get there? Click here to check out our new series on "Home Buying 101" - a step-by-step monthly guide to turning the dream of homeownership into a reality . Open Enrollment It's fall - the "open enrollment" season for thous
• Sources of Possible Aid
  In addition to saving and investing for college there are numerous sources of free or low-cost aid for college. It is worth the time it takes to investigate options to supplement your current savings for your education or even possibilities for full funding.. In addition to saving and
• How can I make interest rates work for me?
  Again, the key is to make sure that you're earning the most interest possible on money you're saving and investing and that you're paying the least interest possible on money you're borrowing. Before you deposit your savings in a savings account or before you invest your savings, you'll want to call
• What Type of Bond Do I Want to Buy?
  Most bonds are issued by one of three groups: the U.S.. Most bonds are issued by one of three groups: the U.S. government or federal agencies; state and local governments, and corporations. Here's a breakdown of the types of bonds
• Borrowing Against Your Current Assets
  If you have explored all the other options in putting together a “package” of ways that your family will pay for your child’s education—and you get to the point where you are looking for additional sources of income or assistance to help fund your children’s college tuition, you may want to, or need
• Financial Advisor-Related Questions
  Once you have a grasp on your basic financial picture, you may decide to look for some outside help in managing your finances or making decisions involving your finances. To find the right financial professional, it's important to first ask what type of help you're looking for..
• Who Can Help Me with My Taxes?
  If you’re like millions of Americans, you may be overwhelmed at the prospect of preparing your tax return. Maybe you’re considering getting some professional help at tax time so you know what papers to collect and what forms to complete.. If you’re like millions of Americans, you may be o
• Steps to Take in Your 30s and 40s
  At this stage of your life you have probably settled into a career and have a few thoughts about where you would like to be personally, professionally and financially in your future. This is also a stage where you may begin making some significant choices and investments such as returning to school
• Before re-entering the work force
  Research your potential future employers. Look for an employer offering a defined contribution (401(k) or defined benefit retirement plan (pension). Research your potential future employers. Look for an employer offering a defined contribution (401(k) or defined benefit retirement plan (pension) Cl
• Who are annuities good for?
  Any investment choice depends on many factors including your personal circumstances, your age, the amount of risk you feel comfortable taking, the amount of time you have before you need the money, and your other assets, investments and financial realities. When you are young, it’s typically better
• Making My Budget Work
  Every January 1 millions of Americans make a resolution to take control of their finances in the New Year. But what does that really look like? Most people know that tracking their income and expenses by making a budget is the first, best place to start.. Every January 1 millions
• Help! I don't know how to get a handle on my finances.
  No matter how lost you feel, or how behind in your bills you are, there are a few simple things you can do to begin getting a handle on your finances: Step 1: Identify your income. Don't overlook all your potential sources of income: Paycheck from your full-time job Income from a part-time job or oc
• What is interest?
  Interest is a fee. It's the amount of money you either earn on an investment or the money you owe on a loan.. Interest is a fee. It's the amount of money you either earn on an investment or the money you owe on a loan. When banks or other financial institutions give you credit, such a
• Planning for Retirement While You’re in the Military
  Whether or not you, or your spouse, are considering a full career in the military, it is important to think about, prepare and plan for your retirement years. While it can seem like it is very far off and your everyday needs and wants are more important, starting to save for retirement now – even in
• Power of Compounding
  Everyone knows that “a penny saved is a penny earned. But through the magic known as “compounding, even a penny can become a substantial sum of cash.. Everyone knows that “a penny saved is a penny earned. But through the magic known as “compounding, even a penny can become a substantial sum of cash.
• Myths About Investing
  You work hard for your money, and your money can work harder for you too when you save and invest it well. The world of investing may seem like a scary place, but knowledge and skill building can help reduce your fear.. You work hard for your money, and your money can work harder for you too wh
• Debt Investments - Bonds
  A bond is a loan you make to an institution. Governments, municipalities and corporations raise money by issuing bonds.. A bond is a loan you make to an institution. Governments, municipalities and corporations raise money by issuing bonds. A bond is like an IOU – you, as an investor, loan an or
• Long-term
  Long-term in the investment world is generally 8-10 years or longer, although different people have different definitions. It can refer to the maturity of a bond: long-term bonds usually offer higher interest rates and involve higher risk because they require investors to commit money for longer per
• Can I get help if I don't speak English well?
  If you don't speak English well or if you prefer to have services provided in another language, or if English is not your first language, there is help out there for you. Sometimes companies such as banks, savings and loans, credit unions, and mortgage companies have services in different languages,
• Setting Goals
  List your goals and then decide how long a period you have before you want to achieve the financial ability to meet this goal. For example, if you want to buy a home and you want to invest your savings to create a significant down payment amount, when would you want to become a homeowner?  If you wan
• Check Your Progress and Readjust as Necessary
  When Seth left his job at a graphic design firm to work as a freelance graphic artist he loved the flexibility that self-employment offered and the idea that he could be his own boss. He also enjoyed being able to set his own schedule and take on jobs that really interested him..
• Set a Course for Where You Want to Go
  Once you have evaluated where you are financially – what income, savings, expenses and debt you have – you are now able to begin setting a course for where you want to go financially in the future, and take steps in that direction. Following are a few tips for thinking about your financial goals: Ac
• When Income and Expenses Are Pretty Close
  You’re in a pretty good place! Consider making a few small lifestyle changes to be able to build up some savings, if for no other reason than to have some funds set aside for an emergency. Read on for .
• I can't do anything different financially for the future because I need every penny I make now for my kids.
  While it’s true that most families feel financially stretched, there are ways to make simple changes in your everyday spending and budget to create savings. It can be very encouraging to realize that small changes can create significant savings.. While it’s true that most families feel financiall
• Budgeting on a Military Salary
  Budgeting can seem very difficult on a military paycheck, especially if your servicemember is not earning a lot and if you, as a spouse, are unable to bring in steady additional income to supplement the military pay. Often it can be difficult for a military spouse to earn additional regular income b
• Create a New Budget
  A budget provides a commonly-agreed upon set of priorities from which you and your new spouse can make decisions. Be patient – it may take a while to learn how you each view and use money.. A budget provides a commonly-agreed upon set of priorities from which you and your new spouse can ma
• Paying for Child Care
  As you think through what type of child care you would like to secure, plan according to your finances. If you don’t already have one, start by . As you think through what type of child care you would like to secure, plan
• Paying for Child Care
  As you think through what type of child care you would like to secure, plan according to your family’s finances. If you don’t already have one, start by . As you think through what type of child care you w
• Budgeting for Healthcare Costs
  Budgeting for future healthcare costs is important so that you’re not caught off guard by unexpected bills, forcing you to put them on a credit card or dip into savings. When thinking about and planning for future healthcare costs think through potential future needs including: Co-payments for docto
• Law Protects Military Members from High-Interest “Payday” Lenders
  A law to help protect military families will cap interest rates set by payday lending companies for military borrowers and their families at 36 percent. Payday lenders, many of whom set up shop near military bases across the U.. A law to help protect military families will cap interest rates set by payd
• Recovering From Bankruptcy and Re-Establishing Your Credit
  If you have filed for bankruptcy you have been through a very stressful, and probably humiliating, time in your life. It can be traumatizing to realize that you have hit rock bottom financially and you may feel panicked or shaky about what this means for your future.. If you have filed for ban
• Thinking About Your Student Loan(s), Credit Cards and How You Spend Money
  While there are some exciting benefits about entering the “real world” – like having new measures of independence like a job, possibly a place of your own to live, a car and freedom over your schedule – there is also the reality of work and bills and deadlines, which for some graduates, whether they
• Integrating Your Student Loan into Your Financial Lifestyle
  Getting out of school can be an exciting time. Perhaps for the first time you are living on your own, earning your own money and choosing what to spend your income on.. Getting out of school can be an exciting time. Perhaps for the first time you are living on your own, earning your own money
• Changing Your Thinking about Credit for Everyday Expenses
  If you are bridging financial gaps by using credit as a supplemental source of income it's important to remember that unlike income, credit is not simply an always-available source of free cash but rather a loan. Every time you use credit you are, in essence, taking on a loan and you will be require
• The Dangers of Accumulating a lot of Credit Card Debt
  Tania and Juan got married when they were 23. They always intended to be wise with their money but let their credit card spending get out of control quickly.. Tania and Juan got married when they were 23. They always intended to be wise with their money but let their credit card spen
• Green Transportation
  Motor vehicles are responsible for almost a quarter of annual emissions of carbon dioxide, the primary global-warming gas, in the U.S.. Motor vehicles are responsible for almost a quarter of annual emissions of carbon dioxide, the primary global-warming gas, in the U.S. You can minimiz
• The Benefits of Using a Bank Instead of a Check-Cashing Store
  Besides paying less overall for services, you can get a variety of benefits and services from a bank that you can’t get when using a check-cashing store: Your money can earn interest. Unlike when using a check-cashing store for a one-time transaction (i..
• The Single Male
  Scenario: Steve is a 32-year old single male, working as an accountant for an oil drilling firm in Texas. He has been with the company for 2 years and currently earns 48,000 about 39,000 after taxes.. Scenario: Steve is a 32-year old single male, working as an accountant for
• The Retirees
  Scenario: Roy and Helen are both 67, retired, and live in West Virginia in the same house they raised their kids. Their kids and 4 grandchildren just live down the road from them.. Scenario: Roy and Helen are both 67, retired, and live in West Virginia in the same house they raise
• Getting Married
  Scenario: Jennifer and Kevin are a newly engaged couple, living in Colorado, beginning to plan their wedding. Jennifer is a 25-year-old teacher earning 28,000 a year.. Scenario: Jennifer and Kevin are a newly engaged couple, living in Colorado, beginning to plan their wedding. Jennifer is a 2
• Caring for Dad
  Scenario: Bill is 54, married with 2 kids and living in Michigan. His father, John, a widower, suffered a stroke 6 months ago and had to be moved to a nursing home.. Scenario: Bill is 54, married with 2 kids and living in Michigan. His father, John, a widower, suffered a stroke 6 months ago
• A Single Mom
  Scenario: Candy is struggling right now. She works at a local super mart.. Scenario: Candy is struggling right now. She works at a local super mart. She has two kids and wants to do the right things but just can’t seem to get things to go her way. She can’t make ends meet, there is more month than m
• A Divorcee
  Scenario: Jill is a 30 year old public relations assistant living in Massachusetts. She is in the process of getting a divorce from her husband of 4 years.. Scenario: Jill is a 30 year old public relations assistant living in Massachusetts. She is in the process of getting a divorc
• The Financial Effects of Divorce
  In most cases blended families arise from at least one, and usually both, spouses being previously divorced and remarrying after living as single parents. Divorce creates financial hardship for both spouses, but most glaringly for the wife/now-single mother.. In most cases blended fam
• What Does Earthquake Insurance Cover and What Does It Cost?
  This is very important to clarify. Earthquake insurance policies typically cover major property damage or loss due to earth movement – sinking, rising or shifting.. This is very important to clarify. Earthquake insurance policies typically cover major property damage or loss due to earth m
• Trip Insurance
  Imagine that for you have been saving and planning for a special family reunion at a wonderful location but at the last minute your spouse or child becomes so ill your family cannot go. Or an approaching hurricane or forest fire forces the event to be cancelled.. Imagine that for you have
• Signs that It May Be Time to Move
  If you or your aging loved one, live independently - whether it's in a single-family home, apartment, condominium, townhome or mobile home - how can you best determine when and if it may be time to explore different housing options? Desire This is the best situation - when you, or a parent or family
• Keeping Your Job in Tough Economic Times
  If you are thinking about delaying retirement because you lost savings and investments that you were counting on to help with your post-work lifestyle, your focus should be on maintaining your current job. As an older worker you are likely earning more money than other, younger employees at your wor
• When You Need to Delay Retirement or Go Back to Work
  According to the Rand Corporation and the National Institute on Aging, the number of older workers choosing to stay in the workforce has consistently grown since the early 1990s. The trend is accelerating.. According to the Rand Corporation and the National Institute on Aging, the
• Strategies to Drawing Down Your Retirement Savings and Investments
  From the time you begin working you read and hear about the importance of saving and investing for your eventual retirement. But how do you create a plan for spending it once you reach retirement?  With a current average life expectancy of 77 and an average retirement age of 62 most retirees will hav
• Managing Child Care as a Single Parent
  If you are a single working parent, you have a lot on your shoulders. If you have young or school-age children, you, like millions of other women, probably also have to constantly manage your family’s need for high-quality childcare given your financial resources.. If you are a single worki
• Starting Your Marriage Off on the Right Financial Foot
  Planning to get married is an exciting time. But it also involves making a lot of decisions – where to get married and when, who to choose for the wedding parties, which cake and invitations…the list of choices and things to discuss with your significant other can seem endless..
• Critical Habits Single Women Need to Develop for Financial Independence
  What most of us secretly want is someone to say “this is the big picture and here’s how to get there. While there is no “magic formula” (and steer clear of anyone who promises you that there is! there are some guiding principles that you can adopt to increase your financial confidence and security. 
• Life Insurance
  Does anyone depend on your ability to work and make money? What financial resources would they have if you died and suddenly weren't there to support them? Are you married? In the U.S.. Does anyone depend on your ability to work and make money? What financial resources would they have
• How to Balance a Checkbook
  Elise dreaded paying bills. By the time she was finished she was so grateful to have the job done that she didn’t want to tackle balancing her checkbook.. Elise dreaded paying bills. By the time she was finished she was so grateful to have the job done that she didn’t want to tac
• 8 Simple Steps You Can Take Today (without Breaking Your Bank)
  It is possible – you and your family can begin reducing your impact on the environment without breaking the bank. Take some small (inexpensive) steps such as: Think about what you throw away.. It is possible – you and your family can begin red
• Financial Issues and Concerns
  One of the top reasons that most families give for merging households is economic pressure and an inability to afford more than one household. This situation is compounded if families are suddenly faced with an additional setback such as a divorce or a family member getting ill, losing a job or beco
• Children’s Allowances and Spending
  Not only will you and your new spouse need to discuss how you will personally manage your family’s finances but you will need to talk about your children’s experience with money and, more specifically, their allowances and spending. Parents hold a wide variety of thoughts toward how their children s
• Discuss a Prenuptial or Postnuptial Agreement
  Prenuptial agreements are becoming more common, especially in second marriages (which fail at an even faster rate than first marriages) and not just for the very rich. While it may not seem very romantic, bringing up the subject of a prenuptial or postnuptial agreement can be viewed as a wise way of
• Bill-Paying Tips
  You have a lot to juggle and make time for – kids, work, maintaining a home, etc. Consider processes that can reduce the time it takes to pay your bills and make it easier to create savings automatically for your future.. You have a lot to juggle and make time for – kids, work, maintaining a home
• Preteens or ”Tweens”
  As children reach their preteen or “tween” years they need to begin taking greater responsibility for their spending and saving choices. Show your children your family’s budget and then help your child create his/her own personal budget Consider having your child sit down with you on a monthly basis
• Elementary-age school children
  At this age children can begin to take a more active role and grasp bigger concepts regarding money. Reinforce the concept of coins and paper money and introduce the concepts of checks and credit cards.. At this age children can begin to take a more acti
• Your Money Mindset
  Managing your money means choosing to take responsibility for earning, spending, saving and investing money according to your own personal and financial priorities. While there are a lot of actions involved in managing money, the common thread through all of those decisions is that they are things y
• My family never had money when I was growing up, but my parents did okay.
  All of us have a “financial past” and for most of us our present-day views on money were, to a smaller or greater extent, built upon that past. But times change.. All of us have a “financial past” and for most of us our present-day views on money were, to a smaller or greater extent, bui
• More about Debt Financing
  Although banks and financial institutions may advertise how much they enjoy lending to small businesses, do not expect to qualify for a loan without a solid business plan and some track record of success. Small business loans from banks usually have at least a 50,000 minimum because the banks canno
• Setting Reasonable Goals
  Like many major life steps, the decision to start your own business begins with a review of where you are, where you want to be, and what you need to get there. Some questions to ask yourself include: Are you more interested in money or in being your own boss?  Do you want to build a business you mig
• What Does Financial Peace of Mind Look Like For Your Family?
  Would you describe yourself as financially stressed? Money is a leading cause of stress for millions of Americans, and that stress is heightened during periods of economic uncertainty such as high unemployment rates and a national recession. If you would like to have more “financial peace of mind” t
• Managing Finances When You Are Working More than One Job
  According to the U.S. Census Bureau 5% of all American workers – or nearly 8 million people - hold multiple jobs. While more women than men (5.5% vs. 4.7% work more than one job, the reality is that anyone who has more than one employer has to deal with potential increased stress on several levels,
• What's New
  This section will list new articles, features and tools to the Tomorrowsmoney.org suite of sites as they are posted. Refer back to this section regularly to see what new information we have to share to help your audiences gain control over their personal financial planning to create a more financial
• 16 Warning Signs You Could Be Heading for Financial Trouble
  We’ve all done it before – forgotten to pay a bill on time, charged more on our credit cards than we should, etc. But there are some financial “red flags” you should pay attention to realize that without a course correction, you’re headed for financial trouble.. – forgotten to pay a bill on time, charged more on
• Tax Changes that Could Affect Your 2010 Tax Bill
  There are a few changes to the tax law that could affect your 2010 federal income tax bill. These changes are important to know about especially if you’re preparing your own taxes. The good news is that most of these changes have the potential to reduce or even eliminate the amount you owe the feder
• Managing Your Grocery Bill When Food Prices Rise
  Climbing grocery prices have caused millions of Americans to reconsider purchases. Unfortunately, according to the US Department of Labor, food inflation is expected to continue.. Climbing grocery prices have caused millions of Americans to reconsider purchases. Unfortunately, ac
• Staying in Financial Control While You’re in College
  Going to college can be exciting, fun…and expensive. And we’re not just talking about tuition, room and board.. Going to college can be exciting, fun…and expensive. And we’re not just talking about tuition, room and board. There can be a lot of unexpected, small expenses that can add up
• Ways to Invest and Grow Your Savings for College Tuition
  It’s not enough to want to help your child afford college you need to have a plan to make it actually happen. However, putting money into a savings account at your bank or credit union won't earn enough interest to foot the bill.. It’s not enough to want to help your child afford
• Story File
  The SIFMA Foundation for Investor Education seeks to provide you with the best information, tools and resources available to help your followers become more financially literate. We have compiled this story file based on year-round evergreen topics.. Investor Education seeks to provide you with the b
• Living on Less: What to Do When Your Pay is Cut
  Every day workers of all types, across all industries, get the bad news from their boss that their pay is going to be cut. Whether it’s because your company is going through a tough financial stretch, or because the economy at large is making it impossible for your employer to make payroll, or becau
• 15 Useful Tips for Entrepreneurs
  1. Believe in yourself.. 1. Believe in yourself. If you don’t, your customers won’t either. 2. Set clear goals. If you don’t know where you are going, you will never get there. 3. Practice your elevator pitch. That’s the 30-second description of your business that you can use to let someone know who
• Government Loans
  The U.S.. nt’s Federal Student Aid (FSA) program is the largest source of student financial aid in the country. FSA programs provide more than 60 billion a year to students. The Department makes two types of student loans: Federal Perkins Loan. This is a fixed, low-interest loan (5%
• Types of Federal Student Loans
  So you got a loan to go to school. Maybe it’s a Perkins loan, or maybe a Stafford Loan.. o school. Maybe it’s a Perkins loan, or maybe a Stafford Loan. Maybe you’re too embarrassed to admit that you don’t know what kind of loan you got! If you’re out of school, or you’re about to be, it’s time to figure out what
• Buying a Foreclosed Property from the Government
  When homeowners default on their Federal Housing Administration (FHA) or Veterans’ Administration (VA) mortgage loans the federal government repays the lender for the unpaid balance on the mortgage, assumes the title, and then seeks to resell the property. Several government.
• First-Time Homebuyers Can Use Tax Credit for Down Payment, Closing Costs for FHA Mortgage
  If you, like many potential home buyers, are leaning toward buying a home in part due to the 8,000 federal tax credit you may be in for a very nice surprise. Instead of having to purchase a home, file a federal income tax return and only then get the tax credit, buyers who choose to apply for a.
• A New Family Budget and New Financial Decisions
  In many ways, your newborn’s arrival is just the beginning. In addition to all of your child-rearing duties there are important financial decisions to make and action steps to take as well.. n’s arrival is just the beginning. In addition to all of your child-rearing duties there are important financial decisions to
• Insurance Benefits
  It can be easy to think that it’s not financially possible for your family to afford insurance. But with some work and help from the staff in your family support center you may be able to find affordable forms of insurance to provide for and protect your family’s future.. hat it’s not financially
• Investing
  One of the most common questions single women have as they begin taking control of their finances is “how do I become an investor? Too often women are under the wrong impression that there is some sort of “one size fits all” way to invest. There isn’t.. estions single women have as they begin taking con
• Step 1: Start Here
  Everyone wants to look forward to their future with confidence, but it's difficult to know how to save and invest until you know three things: How much money you currently have How much money you'll need, and What type of investments to look into given your own personal needs. This calculator is the
• Step 1: Begin Here
  Everyone wants to look forward to their future with confidence, but it's difficult to know how to save and invest until you know three things: How much money you currently have How much money you'll need, and What type of investments to look into given your own personal needs. This calculator is the
• To Rent or to Buy?
  THINGS BEING EQUAL it's almost always better to own your home rather than to rent. After all, you build equity and get to write off your mortgage interest.. THINGS BEING EQUAL it's almost always better to own your home rather than to rent. After all, you bu
• To Buy or to Lease?
  SHOULD YOU lease or buy? Conventional wisdom says if you lease you'll have nothing to show for your money when the term is up. But that ignores the opportunity cost inherent in buying: after all, the money you pay up front for the car could be invested instead..
• Writing a Check
  Checks provide a convenient way for you to make purchases and pay bills. When you open a checking account you will order checks.. Checks provide a convenient way for you to make purchases and pay bills. When you open a checking account you will order checks. Your check will proba
• Should You Borrow from Your 401(k) or 403(b)?
  These days more than 85% of workers with 401(k)s can borrow money from their retirement plans. And a growing portion of 403(b) plan participants can too.. These days more than 85% of workers with 401(k)s can borrow money from their retirement plans. And a growing portion of 403(b
• Bonds are boring and too hard to understand.
  FALSE. You can learn more about bonds.. FALSE. You can learn more about bonds. Bonds pay interest at the coupon interest rate and, because their values usually do not change all that much, they add stability to your overall investment portfolio. High quality, inves
• A Guide to Using a Bank and Bank Services for the First Time
  If you don’t use a bank, credit union, or thrift/ savings and loan institution you are like nearly 10 percent of the American population. There are a wide variety of reasons that people don’t use banks.. If you don’t use a bank, credit union, or thrift/ savings and loan instituti
• Ending the Year on the Right Foot
  Only a couple more weeks before we ring in the New Year. But there's still time to make a few decisions that will minimize your taxes for this year and help you start out on the right foot financially next year.. Only a couple more weeks before we ring in the New Year. But there's still
• If a Beneficiary Does Not Attend College
  Even the best-intentioned plans can change.  If the beneficiary of your 529 prepaid tuition or savings plan chooses not to attend college you have several options for your funds.. Even the best-intentioned plans can change. If the beneficiary of your 529 prepaid tuition or saving
• Comparing Plans
  Once you have made the decision to begin saving for a college education, you understand that 529 plans offer a way for your savings to go farther, and you have thought about both your risk tolerance and your child’s age relative to their college entrance date, the next step is to compare possible pl
• Spousal Benefits if You are Divorced
  If you and your spouse have divorced you may still be eligible for spousal benefits. To qualify: both you and your spouse are at least 62 years old (or 50 if you are disabled or, if you are caring for a child eligible for benefits the age requirement is waived) you must have been married for at leas
• How It Works
  While you work you are building your future Social Security retirement benefits. You pay into Social Security through a payroll tax which is deducted from your paychecks, or you pay as part of your quarterly estimated or year-end tax bill.. While you work you are building your future Social
• Transferring Military Homeowners to Get Expanded Assistance
  Military service members, their families, and federal Department of Defense (DoD) civilian employees who stand to lose a lot of money on the sale of their home as a result of a transfer order may be able to get some much- needed financial assistance. The U..
• How Your Credit Score is Calculated
  There are different methods to determining a credit score. The “gold standard” of credit scores – the one that most lenders use when making credit-related decisions - is called the FICO score, named for its developer, the Fair Isaac Corporation (FICO). There are different metho
• Distressed Homeowners May Get Foreclosure Postponement Help from Project Lifeline
  Homeowners at risk for losing their homes may be eligible to receive help through a “Project Lifeline” program. Through the program six major lenders – . Homeowners at risk for losing their homes may be eligible to receive help through a “Project Lifelin
• Questions to Ask About a Policy
  When you are ready to begin comparing policies there are some basic questions you will want to ask, including: What do you require for me to qualify for your policy (i.e.. When you are ready to begin comparing policies the
• Financial Tools
  In addition to insurance benefits your employer will likely offer various financial tools that you can use to reduce your taxable income and save for your short-term needs and long-term goals. Health Spending Accounts Healthcare spending accounts provide you with a way to pay for health care expense
• Questions to ask when considering buying an annuity
  Does buying an annuity fit in well with my overall retirement savings plan that includes IRAs and employer-sponsored 401(k) plans first? Am I maximizing my contributions to other tax-free retirement investment options first? Unless you have a special need that only an annuity can fill, such as a dea
• What are the costs and risks involved in annuities?
  The costs of owning an annuity can include: annual fees for the insurance company’s guarantees and administrative services annual or periodic management fee charged by the mutual funds or other underlying investments and the sales commission paid to the salesperson. These fees will usually be quoted
• Medicare Part B
  assists with medically-necessary outpatient health care services and expenses i.e.. assists with medically-necessary outpatient health care services and expenses i.e. doctor’s office visits, lab work, etc. Medicare Part B is optional and you will pay a standard monthly premium for th
• What do titles like CPA, PFA and others mean?
  There’s a veritable alphabet soup in the financial services industry. Here’s a list of common abbreviated financial credentials: CFA - chartered financial analyst CFP - certified financial planner CFS – certified fund specialist ChFC – chartered financial consultant CIC – chartered investment counse
• Why Invest in Bonds?
  There are numerous benefits to investing in bonds including: Financial Security - There's a reason that a bond is called a “fixed-income” security – not only are you highly likely to get back your principal but you can also count on receiving interest on your investment. Portfolio Balance & Dive
• What to do when Downsizing?
  Most people cite "being able to stay in my home" as one of their top financial priorities. If your finances are tight, you might want to do a little math to figure out how your current monthly mortgage compares to your current income.. Most people cite "being able to stay in my home" a
• Restoring Financial Sanity
  The first step toward successfully paying off your holiday debt is taking it out of the emotional realm. Beating yourself up or throwing up your hands in surrender won’t solve the problem.. The first step toward successfully paying off your holiday debt is taking it out of the emotional re
• Which way to file?
  Once you've finished getting all your paperwork in order, you'll need to decide HOW you want to file - electronically or by mail. If you want to get your refund as quickly as possible, file online.. Once you've finished getting all your paperwork in order, you'll need to decide HOW you want to file
• Educational Benefits
  The military offers a variety of educational benefits for active duty servicemembers, members of the National Guard and Reserves, college students preparing for military service, veterans and military spouses and dependents. Let’s first look at educational benefits specifically for servicemembers: M
• Tax Issues
  While none of us particularly enjoys having to file and pay taxes it is an important part of our financial planning. Our Tomorrowsmoney.. While none of us particularly enjoys having to file and pay taxes it is an important part of our financial planning. Our Tomorrowsmoney.org website pr
• Help If You are Concerned about Being Able to Pay Your Mortgage
  If you own your own home but still have a monthly mortgage payment that is probably one of your highest financial priorities. If you find yourself in a situation where your finances are so tight or that you have such quickly mounting debt that you are having difficulty making your mortgage payment i
• How Much Coverage Do I Need?
  As with other forms of insurance a key question you probably have is “How much life insurance coverage do I need?  The answer is…it depends. While life insurance professionals advise that a good rule of thumb is to purchase at least 5-8 times your current income in life insurance coverage, the answer
• The 4 Types of Car Insurance Coverage
• The 4 Types of Car Insurance Coverage
  What is Car Insurance? Car insurance is actually one policy that can provide four different types of coverage. Let’s look at the four types of coverage you can get with auto insurance.. What is Car Insurance? Car insurance is actually one policy that can provide four different types of
• The Financial Side of Homeownership
  Buying a home is the single largest financial commitment that most people ever make. By taking some time to think about and plan how you will maintain your investment and stay current on your mortgage, you can create some good financial habits at the outset of homeownership that will pay off for yea
• Planning for Health Costs
  Part of improving, or maintaining, your physical and financial wellness is preparing for future needs and making plans to meet those needs. Physically that involves keeping an eye on the food you’re eating, the calories you’re taking in, making time to exercise and getting regular checkups..
• Refund Anticipation Loans
  If you watch TV, you’ve seen ads for them. If you use a tax preparation center for help in filing your taxes, you’ve heard about them.. If you watch TV, you’ve seen ads for them. If you use a tax preparation center for help in filing your taxes, you’ve heard about them. What are they?
• All About Long-Term Care Insurance Benefit Payouts
  If you need to use your long-term care insurance to pay for needed care and services, it’s important that you know when your policy will begin paying for care, how it will pay for services, and for how long. Let’s look at each component: What Your Insurance Will Pay We’ve already discussed what type
• What Happens When Your Debt is Discharged Under a Chapter 7 Bankruptcy
  Once your non-exempt property is sold the court will appoint a trustee to take the money raised to pay off your “dischargeable” debts. You will still be responsible for paying your non-dischargeable debts.. Once your non-exempt property is sold the court will appoint a trustee to t
• Key Considerations for Withdrawing Money from Retirement Savings and Investments
  Gone are the days when experts encouraged retirees that they could safely withdraw 10% of their personal savings and investments each year to bankroll their post-work lifestyle. Most financial planners now suggest withdrawing no more than between 3-5% of your total retirement portfolio each year and
• Your Blended Families’ Financial Reality
  Eight out of 10 people who divorce remarry, and, according to U.S.. Eight out of 10 people who divorce remarry, and, according to U.S. Census Bureau statistics they usually do so within three years. But in addition to having some marriage “experience, divorced men and women with children who
• Term Life Insurance
• Term Life Insurance
  Term life insurance is so named because it offers a set coverage amount for a limited “term” or period of time, typically between 1 and 30 years. That means that if you keep current on your policy premiums and you die within the term of the policy, your beneficiaries will receive the set death benef
• Single Moms and their Money
  It’s often been said that being a single parent is one of the hardest jobs on the planet. Without another adult to share responsibilities for parenting, running a household and financially caring for a family, the burden can be weighty.. It’s often been said that being a single parent is
• Making the Decision to Go Back to School
  Frances felt stuck. She had been with the same company for 10 years and had worked her way up to a position in internal sales.. Frances felt stuck. She had been with the same company for 10 years and had worked her way up to a position in internal sales. But with two children a
• When You Need Money Fast: Are Payday Loan Companies The Way to Make Your Money Stretch Until Payday?
  You have probably seen them as you drive past strip malls; storefronts with names like "Fast Cash," "Cash Express," or "QuikCash." Or maybe you have seen their ads pop up while roaming the Internet.. You have probably seen them as you drive past strip malls; storefronts with
• What Is Mortgage Foreclosure
  Sadly some people end up having their homes foreclosed upon simply because they were too embarrassed to contact their lender, or didn’t know what foreclosure is and what options are available to them to avoid foreclosure. Let’s start by getting clear on what foreclosure is: Foreclosure is a legal pr
• Choosing an Account
  When you find a bank that you feel comfortable using, the next step is determining what type of an account, or accounts, you would like to open. The most common types of accounts are: Checking Accounts.. When you find a bank that you feel comfortable usi
• Financing Your Computer Purchase
  Buying a computer may be one of your very first “large” purchases. Take a few minutes to really consider how you’re going to pay for this purchase so that you’re not paying more than you want to and for a longer time than you expect.. Buying a computer may be one of your very first “l
• Negotiating, Bargaining and Working with Salespeople
  So you’ve done your homework, thought about buying vs. leasing and new vs.. So you’ve done your homework, thought about buying vs. leasing and new vs. used, and looked into your financing options. Now you’re ready to talk seriously with a seller. If you decide to buy through a dealership, before you
• Rising Prices, Fewer Financial Choices
  It's not just families that have suffered an unexpected job loss that are using credit to make ends meet. More and more American families are finding that their income doesn't go as far as before.. It's not just families that have suffered an unexpected job loss that are using credit to make ends
• Borrowing Against Your Retirement Savings
  While experts don’t recommend tapping into your retirement savings for any reason- because you are putting savings and potential interest and growth opportunities at risk- you may be considering this as one of your only options. Before you do anything, let’s look at what’s involved in borrowing agai
• Your Child’s School
  While at college your child may be able to obtain financial aid and income assistance through tuition waivers where a portion or all of a student’s tuition is dismissed or “waived” if he/she can demonstrate financial need. These are more commonly found at private universities that charge higher tuit
• Earthquake Insurance for California Residents
  In addition to obtaining standard earthquake insurance through private insurance companies, California residents also have the option of obtaining California Earthquake Authority (CEA) sponsored earthquake insurance. The CEA is a state-sponsored public-private partnership to provide earthquake insur
• Your Family’s Financial Health
  With the pace of day-to-day life, trying to find time to focus on and manage your money could seem too difficult. But taking time now – even just carving out 10-15 minutes a day or every other day – to learn about how to set financial goals, manage your money, save money and invest that savings for
• The Difficult Financial Reality Facing Single Mothers
  The reality can be difficult to acknowledge: single mothers have often more than double the workload and yet financially typically have far less than half the income and assets than their married or single father counterparts. Most single working mothers are faced with the sobering reality that they
• Comparing Mortgage Costs
  There are several costs associated with borrowing money to buy a home including the interest rate you’ll be charged to borrow the principal (loan amount) points, mortgage insurance closing costs and the down payment. Interest Rate One of the most important pieces of information you need from a lende
• Stretching Your Retirement Spending Dollar
  During retirement you are going to have to make your income and savings stretch further than before to reduce the risk of outliving your financial reserve. To do that you will need to start with a plan for how to strategically draw down your retirement savings and investments , and then mindfully ma
• Eleven Steps Single Moms Need to Take
  Single moms have mastered the art of multi-tasking. Working, making phone calls, vacuuming, paying bills, feeding kids and taking them places, responding to emails …. Single moms have mastered the art of multi-tasking. Working, making phone calls, vacuuming, paying bills, feeding kids and ta
• When There is a Gap Between Income and Expense
  That’s another way of saying that you’re spending more than you’re earning! Instead of feeling automatically overwhelmed or fearful, consider it just as a piece of information that can help you determine what you’re fearful of or concerned about. Even though the thought of having more debt/expenses
• What Happens to Homeowners Holding Interest-Only Mortgages When Interest Rates Rise
  Starting in early  2001 millions of Americans took advantage of record low interest rates and bought a home. But the down side of that good news is that while interest rates were at record lows, housing prices soared to record highs.. Starting in early 2001 millions of Americans took
• How to Improve Your Credit Score
  Your credit score is not set in stone; it changes over time as you use, manage and maintain your credit. If you have recently learned that you have a low credit score, the good news is that there are things you can do to improve your score: Request and review your credit report on file with each of
• Managing Your Income During Retirement
  In retirement, perhaps more than any other time in life, you will need to take control of your personal finances.  If you are fully retired (meaning that you are not doing any type of paying work) you will not have a consistent income stream from work or employer-based benefits.. re than any other time in
• How Unemployment Benefits are Calculated and What Happens When They Run Out
  When you lose a job you may be eligible for temporary unemployment benefits which can help you bridge the uncertain – and often financially worrisome period – between jobs. If you qualify, unemployment benefits will provide you with a percentage of your take-home pay for a specified period of time,
• Adapting to an Unplanned Retirement
  Most of us have a vague idea of how our work life will progress – we’ll spend a few years deciding what we really want to do, get established in our careers, move companies or organizations a few times, progress up the pay scale and then - at a point of our choosing in our sixties or seventies - we
• Other Factors Influencing or Affecting Your Investments
  As with most things in life, becoming an informed investor takes a little time, learning and self-education. In addition to knowing what type of investment options there are – in other words, where you can invest your money to hopefully make a return – it’s important to know how money works in an in
• The Importance of Opening and Acting On Your Retirement and Investment Account Statements When the Financial Markets are Volatile
  With the wild fluctuations in the financial markets Americans are, understandably, nervous to see how their own investments have fared. What do you do when your retirement or brokerage account statements come in the mail?  While it can be tempting to file them away or even toss them out, it’s actuall
• Shopping for a Mortgage
  As the song goes, "My Momma told me, you better shop around." When it comes to buying a home, shopping around means not only finding the right home, but also finding the right mortgage.. As the song goes, "My Momma told me, you better shop around. When it comes to buying a home, shoppin
• Finding Money to Pay Down Your Debt
  After you have listed all your debts – credit cards, medical bills, department store bills, mortgages, car loans, etc. - you may be tempted to panic and say “But I just don’t have any money to even begin paying my debt off! Realize that you may have options you’re not aware of..
• Improve Your Finances with a Little Math
  Math. Whether you were good at math in school or not, you can make math work for you…and not necessarily the way you think when it comes to money.. Math. Whether you were good at math in school or not, you can make math work for you…and not necessarily the way you think when it comes to money. The
• Financial Pressures and Your Health
  Stress is an accumulation of mental and physical tension. Stress can: distract your mental focus drain your energy impair your immune system and increase susceptibility to illness or disease create real physical reactions such as heart palpitations, panic attacks, nausea, headaches and sleepiness ca
• Baby Boomers (Born between 1946-1967)
  Baby boomers that already were planning and ready to celebrate retirement were perhaps the hardest hit by the recent recession, and now are the most disillusioned about when they will be able to exit the workforce. The MetLife Mature Market Survey found that of the 11% of boomers born in 1946 who pl
• Planning to Manage Wedding Day Costs
  According to a Conde Nast Bridal Group survey, the average cost of a wedding is approximately 27,800. Nearly one-third of all American couples pay for their own wedding and laying out that much money (or accumulating that much credit card debt) early on in the marriage can have a significant im
• Ways to Avoid Becoming a Victim of Elder Financial Abuse
  What is elder financial abuse? Simply put, it’s a crime. It is when someone – an individual, company or organization – wrongfully takes a senior citizen’s money, property or other financial resources.. What is elder financial abuse?  Simply put, it’s a crime. It is when someone
• Benefits of 529 Plans
  There are numerous benefits to investing in either a 529 prepaid tuition or savings plan: Federal tax advantages. Although you can’t deduct your 529 plan contributions from your federal income taxes (the way you can deduct the interest you pay on your mortgage, for example) the money you invest in e
• Scholarship Information and Sources
  Many returning adult students may not think that scholarships are available for them. The good news is that as the number of adult students returning to earn, or complete a degree, is increasing so is the number of scholarship opportunities.. Many returning adult students may not think that s
• What kinds of annuities can I invest in?
  There are many different kinds of annuities designed for investors: of different ages with different life goals, with different investment needs and in different tax brackets. Most annuities available today have some combination of these features: Single Premium or Flexible Premium With a single pre
• The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005
  The Bankruptcy Abuse Prevention and Consumer Protection Act significantly changes how, and under what conditions, individuals can file for bankruptcy. The most significant changes to bankruptcy law apply to Chapter 7 bankruptcy because under Chapter 7 debtors are able to discharge, or not have to re
• Who Will Be Helped Under the Making Home More Affordable Program
  The Obama Administration’s 75 billion “Making Home Affordable” housing plan is designed to help approximately 9 million people who are at-risk for either defaulting on their mortgage loans or going into foreclosure. The plan is part of the 400 billion “bailout” package approved by Congress in Fall
• ATMs and Debit Cards
  Using an ATM or debit card (that automatically withdraws money directly from your account) is an increasingly popular way of accessing and sending money abroad. There are two international ATM networks that can be used to withdraw money from an account overseas – the VISA/PLUS ATM network or the Mas
• What the Housing Recovery Bill Could Mean for You
  The housing recovery bill that went into effect on October 1, 2008 has the potential to help millions of American homeowners and homebuyers. There are several ways that you or a loved one may be able to qualify for financial assistance through the bill.. The housing recovery bill
• Reverse Mortgages
  If you are 62 or older and own your home you have access to a special type of financing that can help you turn your greatest asset – your home – into supplemental income, enabling you to meet your other financial obligations and reach important life goals. A reverse mortgage is a financial tool that
• Mortgage Center: Frequently Asked Questions
  What is an ARM? An ARM is an acronym for "adjustable rate mortgage. That refers to a home loan where the interest rate charged on the amount of money you're borrowing to purchase the home adjusts, or changes, over time as the government raises or lowers the rate of interest that banks charge each ot
• What to Do When It Becomes Difficult to Pay Your Mortgage
  Change happens. When you bought your home you may have budgeted carefully and never anticipated having difficulty making your mortgage payment.. Change happens. When you bought your home you may have budgeted carefully and never anticipated having difficulty making your mortgage payment. But ma
• Parents Dealing with their Single Adult Child’s Deployment
  Most often deployment information and support is directed to the servicemember’s spouse. But what about the single servicemember?  What happens when he/she is deployed?  After being out of the family home and living on his or her own, suddenly he or she needs family members to help with the paperwork
• Condos and Co-ops
  Housing stock, meaning the type of housing available, varies across the country. In some markets, including large cities such as New York, Boston and San Francisco, cooperatives, or co-ops, are popular housing options.. Housing stock, meaning the type of housing available, varies across the cou
• Finding the Right Home
  What words come to mind when you think about finding a new home? Exciting? Scary? Overwhelming? The truth is that finding a new home can be all of those things. The way you feel about finding a new home can depend on why you're moving and how much time you have to find a home.. What words come to mind w
• Your Home Mortgage - A Financial Tool
  As you pay off your mortgage you are building up equity, or savings, in your home. As your savings accumulate and your needs change, or outside economic factors change, you may want to make changes to your mortgage.. As you pay off your mortgage you are building up equity, or savings, in you
• What's New This Month
  July '09 : IOUs Issued by the State of California Strapped for cash, the state of California has started issuing more than 3 billion in IOUs to businesses, individual tax payers and county governments to whom it owes money. California state government officials have indicated that the IOUs – which
• What to Do When the Deployment is Extended
  Imagine learning that your spouse has 24 hours to report for duty and be deployed for combat. Now imagine that the day before the scheduled homecoming, you are notified that he/she won't be coming home for another 12-15 months.. Imagine learning that your spouse has 24 hours to report for duty and be de
• Rising Interest Rates and the Mortgage Crunch and What It May Mean to You
  The initial housing boom began in early 2002 - 2003. Interest rates were falling to all-time lows.. The initial housing boom began in early 2002 - 2003. Interest rates were falling to all-time lows. A surge of homebuyers eager to take advantage of the low interest rates on mortgages began pushing ho
• Dealing with Deployment
  Deployment is a stressful time for every member of the family. By taking time to talk together as a family, and separately as a couple, you can better manage both the emotional and logistical aspects of being apart from your servicemember.. Deployment is a stressful time for every member of
• Refinancing
  When you buy a home you obtain a mortgage, also called a purchase loan by mortgage professionals. It’s simply a loan to purchase a home.. When you buy a home you obtain a mortgage, also called a purchase loan by mortgage professionals. It’s simply a loan to purchase a home. The bank or f
• Long-Term Disability Insurance
• Long-Term Disability Insurance
  A long-term disability can be financially devastating. While you may be able to use personal savings to cover your expenses temporarily while not working, most people are financially unprepared to be suddenly out of work for an extended period of time, or be permanently unemployable..