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Roth IRA Conversions? Better Wait and See.

Prairie Eco-Thrifter

First, if I had managed to convert everything to a Roth, the grandkids would be swamped with hundreds of thousands of dollars a year. Your heirs will have to take all of that out within 5 years. You do the math, but my calculator shows that is $400K a year. There are two problems with that in my mind.

Converse 176
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The 5 Most Important Personal Finance Lessons to Teach your Child

Prairie Eco-Thrifter

Here, told as I would tell it to my Grandkids, are my top 5 lessons. I hope to show you how to use debt wisely. There are lots of ways to get into to debt. High interest credit card debt can really drag you down, yet you might want to take out a business loan to start up a really great business idea.

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Is the Building of Experiences and Memories Worth the Cost?

Prairie Eco-Thrifter

He thinks most vacations are a waste of money (even though he seems to enjoy and remember fondly the ones we have taken), and doesn’t see the point in consciously building memories with the kids and grandkids by traveling together. The other wants to pay off some student loan debt and would really rather go elsewhere anyway.

Building 100
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Managing Family Finances: Tips and Strategies for a Better Financial Future

Penny Pinchin' Mom

Term life insurance: These insurance benefits can help with household income replacement, debt coverage, educational expenses, funeral and final expenses, and estate planning. It can also cover some of those massive medical bills that tend to come with accidents. Here are some of my favorite long-term investment options.