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Carnival of Personal Finance #316- Family Edition

Prairie Eco-Thrifter

Hello and welcome to the 316th Carnival of Personal Finance- Family Edition. This week I am reminding you all about those special people in your life- your family. It was during this rather taxing weekend that I was reminded of how great a loving family can be. Families are our rock, our support system, and our fans.

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Money and Life in Your Forties

Prairie Eco-Thrifter

I loved being home with my birth family as a kid, going to elementary and high school, finding new found freedom at college in my teens and early twenties, striking out on my own in my twenties, having and raising my babies in my twenties and thirties. You may have been part of a couple and a family for 15 or 20 years by now.

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Yakezie Carnival October 16, 2011- Growth Edition

Prairie Eco-Thrifter

Stock Market Basics: How Does 401k work Understanding 401k is a must to help you save money for retirement purposes plus it also helps you save taxes and get more cash in your hands. Family Money Values: Who Manages Your Money? Teach your child about making money through money making activities for the whole family.

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Why We Left Traditional Health Insurance

Family Balance Sheet

Instead I’m writing about my family’s experience with traditional health insurance and how it has affected OUR finances. But I went back to Facebook to ask local friends for recommendations and found a participating family practice for all four of us. We are a fairly healthy family who rarely sees a doctor for illnesses.

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4 Financial Lessons Your Parents Forgot to Teach You

Saving Cents With Sense

This is especially important if you get a 401K match from your employer, as that’s free money. Guest Post by Andrew Kaufman – Andy left the financial services industry to run his family’s carpet installation business. Car Buying. If you live outside of a major metropolitan area, chances are you need a car.

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How Long Should You Keep Financial Documents

Family Balance Sheet

Keep the quarterly statements for your 401k or other IRA accounts until you receive the annual statement. Medical records should be filed by family member. Keep records permanently for nondeductible contributions to an IRA to prove that you already paid taxes on this money when it is time to withdrawal. Check for any discrepancies.

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Seniors – Keep Your Allocations

Prairie Eco-Thrifter

Examples of financial advisor suggestions that would have steered my family wrong: An estate trustee at a bank recommended selling off Chevron stock that my Aunt owned “because it is too risky”. Vanguard’s Personal Financial Planner thought I should change invest all my retirement money in bonds when I moved it from my 401K to an IRA.

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