Remove Expenses Remove Gifts Remove Retirement
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The 8 Biggest Financial Mistakes to Avoid in Your 60s

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People in their 60s often face the decades in two parts: the run-up to retirement and retirement itself. Although retirement may have a date on the human resources calendar, it can—and perhaps should—involve years of transition. They’ve been in this accumulation mode of building up their assets,” she says.

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How to Know If You’re Financially Ready to Start a Business

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After all, without cash flow and a solid financial plan that includes costs and expenses, you won’t be able to get your business off the ground. For example, if a relative gives you an intrafamily loan, they’ll want to charge a minimum interest rate so it doesn’t count as a gift (which would trigger gift taxes).

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5 Smart Money Hacks to Help You Budget for the Holidays

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With the economy making everyone extra cautious about spending , I really wanted to give myself the gift of not worrying about money this holiday season. Consider it my gift to you, my fellow budgeters. I honestly love gift-shopping. They also double as a kind of mini gift to yourself when you file your tax return in April.

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8 Pieces of Financial Advice for New College Graduates

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You may need to create rules for yourself, like that a percentage of your paycheck needs to go toward retirement savings before you can buy something just for fun. If you received money as graduation gifts, that is a perfect start to an emergency fund. You may not get your expenses to match the 50/30/20 percentages.

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What Are I Bonds and Should I Buy Them?

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In some instances, federal taxes may be waived if you use the money for qualified higher education expenses. Plus, you can only invest through the Treasury Department, not your brokerage or retirement account. Your heirs may have to pay estate or gift taxes. They’re low risk. What about EE bonds? Be sure to do your research.

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Housesitting, Pet-Sitting and Work Exchange Programs Help People Travel on a Budget

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And many have left thoughtful gifts that we cherish, including a beautiful drawing of our landscaping and birds.” This allows pet parents to travel without having to worry about their furry friends at home, and it allows pet sitters to stay in a new place without lodging expenses.

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44 Ways to Kick-Start Your New Year

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I want my financial future to be bright and to have no worries when I’m older and ready to retire. I want to evaluate my cost-of-living expenses and see where I can cut back. Review your expenses as a couple. I graduated from college, and I needed to start planning out my financial future. Build value every day. Get a leg up.

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