For the Love of Your Family

Articles to LIFT Your Family

How can I help my grandchild with college without jeopardizing financial aid?

Q: How can I help my grandchild with college without jeopardizing financial aid? — Worried Grandparent A: Dear Worried: It is wonderful that you have built the financial security to be able to provide a gift to your grandchild, and it is wise that you understand that doing so could impose a financial hardship on […]

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I know I need to make a will, but somehow planning for death makes it seem so much more real. How can I overcome my fear?

Q: I know I need to make a will, but somehow planning for death makes it seem so much more real. How can I overcome my fear? — Financially Fearful A: Dear Financially Fearful: Even people who normally have it together can struggle when it comes to dealing with financial issues that relate to death. […]

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Do savings bonds still have a place in my financial portfolio?

Q: Do savings bonds still have a place in my financial portfolio? –Curious Investor A: Dear Curious: Savings bonds, also known as Treasury bonds, can be a valuable tool in your financial portfolio.  When you buy savings bonds, you are essentially loaning money to the U.S. government. They can preserve principal, diversify your portfolio, and […]

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How can I preserve my assets for my kids and loved ones?

Q: How can I preserve my assets for my kids and loved ones? –Caring Parent A: Dear Parent: With tax time right around the corner, you may be thinking about how you can minimize what you’ll pay to Uncle Sam and your state in taxes, so as much goes to your family as possible. Every […]

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What is the Best Way to Save for My Child’s College Education?

Q: What is the Best Way to Save for My Child’s College Education? –Concerned Parent A: One of  best ways to save for your child’s college education, assuming the child will definitely go to college, is through a state operated “529” plan. These plans provide tax benefits and are named for Section 529 of the […]

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Will I Ever be Able to Save Enough For Retirement?

Q:     Will I Ever be Able to Save Enough For Retirement? — Approaching Middle-Age A:      Dear Approaching:   Articles that are written about retirement savings needs usually paint a picture that leaves the reader asking this very question. These articles are often unrealistic in that they 1) assume an excessive retirement spending level, and […]

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My elderly parents don’t have much in the way of resources and their health appears to be failing. They mainly get by on Social Security. Will I be responsible to pay their medical bills or other debts later on? – Very Concerned Adult Child.

Q: My elderly parents don’t have much in the way of resources and their health appears to be failing. They mainly get by on Social Security. Will I be responsible to pay their medical bills or other debts later on? – Very Concerned Adult Child. A: Dear Very Concerned Adult Child: While most people know […]

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The Gift that Keeps on Giving

Q: With all the new gadgets and toys out this year, I’m struggling to come up with gift ideas for my friends and family. Can you give me any unique gift ideas? ~ Thoughtful Gift-Giver A: Dear Thoughtful: The best gift you can give your family this holiday season is the gift of Family Wealth […]

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