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How to Have Difficult Financial Planning Conversations with Aging Parents

Success

With age may come wisdom, but it also comes with a variety of questions around lifestyle and legacy. Estate planning documents should be reviewed regularly—every one to five years depending on changes within the family—to ensure they’re up to date. By 2029, all 76 million American baby boomers will be 65 or older.

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How to Budget Your Money as a Teen

Success

Consider asking your parents or guardian to help you set up a custodial individual retirement account (IRA). While it may seem weird to save for retirement before you enter the workforce full time, the more time your money is invested, the more time it has to grow. This can be a great way to dip your toes into investing.

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What Leslie Jordan’s Legacy Can Teach Us About Pivoting to a Third Act

Success

And in life, often your first act is devoted to childhood and education, your second to career and family and your third, following retirement, is how you choose to fill your golden years in service to the legacy you wish to leave. Novels have a beginning, middle and end. Leslie Jordan was likely familiar with third acts.

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Do You Know Your Lifestyle Ratios?

Stephanie LH Calahan

It might be fun to come up with a few lifestyle ratios to help you measure and move toward your personal goals.  In the example below, this person is well on their way to retiring. Your Lifestyle Goals. What are your lifestyle ratios?    Here are a few for your consideration: Passive vs. Active Income.

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Do I Need to Buy Life Insurance?

Success

To help you determine the amount of life insurance you should be looking for, start by reviewing your finances. Others say to multiply your annual salary by the number of years you have before retirement. Deciding how much life insurance you need can be daunting. When would those resources become available?

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44 Ways to Kick-Start Your New Year

Success

I want my financial future to be bright and to have no worries when I’m older and ready to retire. Review your expenses as a couple. Put those things on your not-to-do list and pay people to help you with the stuff that doesn’t produce the sales and lifestyle success you desire. Brandy Jules , former SUCCESS staff writer.

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The Societal and Small Business Impacts of Economic Uncertainty

Small Business Labs

Another recent New York Times article, If Marriage Moves Beyond Our Means , reviews the book Marriage Markets. This book focuses on how marriage rates vary by income, a topic also covered in two interesting book we've reviewed - Is Marriage for White People and Coming Apart.