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Roth IRA Conversions? Better Wait and See.

Prairie Eco-Thrifter

The money in the IRA can be used during your lifetime, but then can accumulate tax free while the next guy in line for it takes minimum distributions over his life. This is because the money is protected in the tax deferred (or tax free) account and it can build significantly over time.

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How To Recover From A Home Fire

Prairie Eco-Thrifter

We were preparing to go out of town to the grandkids house the next morning. The building and many of the things in your home may have been badly damaged by flames, heat, smoke, and water. The firefighters may have cut holes in the walls of the building to look for any hidden flames. According to FEMA. “

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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. Let me show you how to get a loan, buy a car, purchase a home, live within a budget, save/invest, prepare tax returns, use a contract and more. You need to understand what multiple income steams are and how to go about building them. No one owes you a living.

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Ways for Busy Parents to Teach Young Children About Money

Prairie Eco-Thrifter

Check the register receipt with them to show them how it lists out the items, the price and the taxes (a great opening to introduce the concept of why we have taxes). My grandkids were 6 and 3 and they really got into this! Let them buy something once in a while with their own money – making sure to count their change.

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