E100 Parents: Pay for College or Seed their IRAs?


Thought experiment: is it better to spend $100,000 towards paying for your kid’s college education, or using that $100,000 to seed their IRA?

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E98 Where to Save Your Money First

E98 Where to Save Your Money First


Even if your ready to be responsible and start saving,it get that it can be confusing.

Where to start? Which is more important: 401k or IRA? Here are some answers.

Links:

https://www.nerdwallet.com/blog/investing/prioritize-your-saving-and-investing-goals/

https://money.usnews.com/investing/investing-101/articles/2018-10-26/how-to-prioritize-ira-and-401-k-accounts

https://www.forbes.com/sites/lizfrazierpeck/2017/11/07/the-top-three-priorities-for-savings/#4b61fdba6060

https://www.cnbc.com/2019/02/25/buffett-remains-bullish-on-index-fund-investing.html

https://www.fool.com/retirement/retirement-step-8-your-house.aspx

https://www.nerdwallet.com/blog/investing/using-retirement-savings-college-think-twice/

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Or subscribe to our YouTube channel at http://www.youtube.com/c/anthonyspark?sub_confirmation=1

E97 2 Free State Colleges youtube

E97 2 Free State Colleges


Don’t stress out so much about saving for kids’ college. There are plenty of free options. Here are 2:

Links:

https://blog.prepscholar.com/florida-bright-futures-requirements-sat-act-and-more

https://www.ny.gov/programs/tuition-free-degree-program-excelsior-scholarship

https://www.hesc.ny.gov/pay-for-college/financial-aid/types-of-financial-aid/nys-grants-scholarships-awards/the-excelsior-scholarship.html

https://www.nerdwallet.com/blog/loans/student-loans/tuition-free-college/

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“How Probate Works” on Amazon https://amzn.to/2Eld2DF

 

“How to Buy Your Perfect First Home” on Amazon https://amzn.to/2EjdDH9

 

All my books at https://www.amazon.com/-/e/B07KY2JDGR

 

Or subscribe to our YouTube channel at http://www.youtube.com/c/anthonyspark?sub_confirmation=1

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E95 How to Open a Brokerage Account for Your Kid

E95 How to Open a Brokerage Account for Your Kid


Teach your kid to be rich, or to settle for 2% per year?

Crack open that piggy bank, get the cash out from under the mattress, and show your kids (and yourself) how to invest like a grownup.

Links:

https://www.nerdwallet.com/blog/investing/set-kids-brokerage-account/

https://www.investopedia.com/ask/answers/can-someone-not-yet-legal-age-open-brokerage-account/

https://www.rothira.com/roth-iras-for-kids

https://personal.vanguard.com/us/whatweoffer/college/ugmautmaatglance

https://www.fidelity.com/open-account/custodial-account

https://www.fidelity.com/retirement-ira/roth-ira-kids

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“How Probate Works” on Amazon https://amzn.to/2Eld2DF

“How to Buy Your Perfect First Home” on Amazon https://amzn.to/2EjdDH9

All my books at https://www.amazon.com/-/e/B07KY2JDGR

Or subscribe to our YouTube channel at http://www.youtube.com/c/anthonyspark?sub_confirmation=1

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E92 The SAT’s New Adversity Score Will Accelerate Its Irrelevance youtube

E92 The SAT’s New Adversity Score Will Accelerate Its Irrelevance


What happened to the SAT? It used to be this super-intimidating, need-it-for-college and a decent future, stress-inducing test. Now, it’s kind of a joke, no?

Links:

https://www.forbes.com/sites/petergreene/2019/05/18/the-real-story-behind-the-college-boards-sat-adversity-score

https://www.zerohedge.com/s3/files/inline-images/2019-05-16_11-07-40.jpg?itok=5nbyyPZn

https://www.dailymail.co.uk/news/article-7041345/College-board-president-SAT-adversity-score-mastermind-controversialCommon-Core.html

https://www.edweek.org/ew/articles/2017/05/24/in-race-for-test-takers-act-outscores-sat–for.html

==========

“How Probate Works” on Amazon https://amzn.to/2Eld2DF

 

“How to Buy Your Perfect First Home” on Amazon https://amzn.to/2EjdDH9

 

All my books at https://www.amazon.com/-/e/B07KY2JDGR

 

Or subscribe to our YouTube channel at http://www.youtube.com/c/anthonyspark?sub_confirmation=1

==========

E91 Would You Trust ACS with Your Kids? 956x423

E91 Would You Trust ACS with Your Kids? (Reminder to Name Guardians)


If you don’t have a plan in place, what happens to your kids in an emergency? If the police can’t locate next of kin immediately, your kids may be off to ACS, or foster care.


A recent probe revealed concerning facts about ACS.

Links:

https://nypost.com/2019/05/05/acs-is-often-careless-when-handing-kids-to-foster-parents-probe/

http://lauraecowanlaw.com/

https://www.wpaslaw.com/

6 Things High School Students Can Do Now To Save On College Costs

6 Things High School Students Can Do Now To Save On College Costs

Want to start teaching your teens some financial accountability now?

They should start figuring out how they can reduce, mitigate, or chip-in for ridiculous college costs.

E82 5 Ways to Calculate How Much to Save for Retirement

5 Ways to Calculate How Much to Save for Retirement

Everyone loves rules of thumb. So here are some easy rules of thumb for calculating how much you need to retire.

Your Kids Are Messing Up Your Retirement

Your Kids Are Messing Up Your Retirement

They take and take and take … and take. Will it ever end? The statistics say it’s getting worse, and parents are supporting kids later into adulthood.

That’s terrible for your retirement, don’t do it, here’s what to do instead.

5 Eye-Opening Retirement Savings Facts and Stats

5 Eye-Opening Retirement Savings Facts and Stats

Even I was surprised by some of these numbers. Find out how poorly we’re saving for retirement. What a downer.