There are some things in life you just can’t plan for: an unexpected illness, job loss, death of spouse, disability. And while experiencing one of these major events can drastically impact your life, having an effective financial plan can help ensure that it doesn’t ruin your financial well-being.
When I began saving for my children’s education I never realized the impact that dollar cost averaging would have over a long period. As I discuss in my book “Financial Planning Made Personal”, I started saving in 1998 for my kids’ education, four years before my older son was …
Health care costs in retirement aren’t going anywhere. Naturally, as our bodies get older, it costs more to keep them running. And with U.S. health care spending expected to rise at a rate 1.1% faster than the annual GDP, this cost will come home to our pockets. Statistics like this m …
Estate planning is a crucial task in our financial lives that tends to drain us emotionally and take a backseat in our busy lives. This type of planning is sometimes confused as something that only the wealthy or the elderly need to think about and the reality is it is a process that every …
Estate planning may feel like something you don’t have to worry about quite yet. The truth is that ample planning now can make everything easier for your loved ones when the time comes to put an estate plan into action.
Stocks aren’t the only way you can invest your retirement savings, at a time when it’s safer to be as diversified as possible. As part of Yahoo Finance Live’s Retirement Readiness series, Mitlin Financial Inc. Founder and Wealth Advisor Lawrence Sprung, CFP®, who is also t …
As college students head to campus, many will face the lure of credit cards for the first time. Credit cards are not a problem, but uneducated spending with them can be an issue. If you’d like to help your kids understand money, check out this interview with our founder and wealth adv …
