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Roth IRA Conversions? Better Wait and See.

Prairie Eco-Thrifter

Because traditional IRAs require the recipient of distributions to pay regular income taxes on all (if the IRA was built with pre-tax contributions) or part (if the IRA was built with after tax contributions) of the money received, many have converted from traditional to Roth in anticipation of a lower total family tax bill.

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How is Your Vacation Rental Doing?

Prairie Eco-Thrifter

Gathering supplies, deep cleaning, locating companies to clean between rentals, posting information on advertisement sites, responding to queries, billing clients, and many more tasks eat time. My Grandkids have grown up visiting the lake condo and love it. I don’t track time spent closely, but it is significant.

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

Penny Pinchin' Mom

Health insurance: This is a must; should someone get critically ill, mountains of medical bills can bury you very quickly. 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.

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What If We All Only Had One Child?

Prairie Eco-Thrifter

We had only one daycare bill, so we could afford to send our child to a private language school, which our last two children didn’t benefit from because it was so expensive for multiple children to attend. I am over a thousand miles away from my mom, and I feel bad that she can’t see me and her grandkids more often.

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Ways for Busy Parents to Teach Young Children About Money

Prairie Eco-Thrifter

They start to recognize money and to be able to tell the difference between different coins and bills (but probably won’t be able to understand that the coins have different monetary values). My grandkids were 6 and 3 and they really got into this! We used real coins and Monopoly bills and their toys as store merchandise.

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