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How to Have Your Cake and Eat It Too

Prairie Eco-Thrifter

The Smiths then decide to take 4% per year from the calculated (every year) value of assets in the trust. According to the New York Times , Jackie Onassis put the bulk of her estate in a charitable lead trust that paid out for 24 years, following which, anything left would go to her grandchildren. percent I.R.S.

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What Is National Financial Literacy Month?

Prairie Eco-Thrifter

Less than half of workers (42 percent) in the United States have tried to calculate how much they need to save for retiremen t (according to the 2011 Retirement Confidence Survey conducted by the Employee Benefit Research Institute). Share what you know and do with those around you to help the nation become more financially literate!

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11 Things I learned After Owning a Vacation Property

Prairie Eco-Thrifter

I wanted a place for our family to gather – adult children and grandchildren along with us. Although my spouse and I did our own taxes for more than 30 years, we found that with the rental property and recent tax changes here, it was almost impossible to keep up, so we use a tax accountant to calculate our income taxes.

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Roth IRA Conversions? Better Wait and See.

Prairie Eco-Thrifter

You do the math, but my calculator shows that is $400K a year. That money has to come from somewhere and unfortunately we all just keep kicking it down the road to my grandchildren. Lets say you accumulated a couple of million in your IRA and it is there at the time of your death. There are two problems with that in my mind.

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Seniors – Keep Your Allocations

Prairie Eco-Thrifter

We need to make sure our base grows over his lifetime, especially since we hope to leave a legacy to our children and grandchildren. They have a decent calculator to help you get close to your asset allocation model goal. My spouse will live a long time, his Mother is going strong at 91 and his Father lived to 85.

Money 170
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Ways for Busy Parents to Teach Young Children About Money

Prairie Eco-Thrifter

As I prepared to hold a Money Camp for my young grandchildren last year, I researched various educational standards to review what kids can learn at various ages. Have younger kids help you find the items, have older kids compare prices, or track them on a calculator as you go through the store. At the grocery store.

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