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Financial Planning

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Asked over 5 years ago

If we set up a 529 plan, I am trying to better understand what my son will be able to use the funds for, in terms of his college expenses.

Asked over 5 years ago

I am considering our alternatives to start saving for our son and it looks like the only option is to use a 529 plan, is that correct? Is this the best way to start saving for college and what are the disadvantages? Thank you

Asked over 5 years ago

I want to start being more discliplined about saving money, so I want to start a habit of saving a certain amount each month. However, I have heard different rules of thumb for how much I should save or invest, what do professionals recommend?

Asked over 5 years ago

I was recently married and I am the one responsible for managing the money for our household, do you have any tips that would help us same money and get on the right track? Thank you!!

Asked over 5 years ago

I have heard bits and pieces of what I should be doing to make sure my financial life is in good shape, such as start an emergency fund, make sure I have a will, or start a budget. Does anyone have a recommended financial checklist with all the most important things I should consider in my financial life? I want to make sure I understand what is most important, maybe limited to the top 10 or 15 things I should think about for my money? Thank you very much.

Asked over 5 years ago

I am 33 yrs old and live in a rent stabilized apartment at Spanish Harlem, New York. I pay $750/monthly for 2 bedroom apartment. Electricity/Gas = $100-150/monthly. My credit card bill average $500-600/monthly. I also give $400 to my parents each month. Total monthly expenses is $1900 plus/minus ~ 23k/year

I work 2 jobs. First is a full-time job earning 78k/year, where the job is not stable. Second is a part-time job earning 23k/year, where the job is stable. After tax, insurance, etc, I bring in 62k/year.

I get to save close to 39k a year. Half of the saving is invested in stocks/mutual funds.

I am wondering if i should leave this apartment and buy, or stay and continue saving money. I have 55k in savings and 38k in stocks and mutual funds.

Asked over 3 years ago

I am 54, married and have one grown child. I have several different retirement accounts (401k, brokerage accts, etc.), but don’t feel extremely prepared for retirement. My advisor is recommending an annuity, but I’m not convinced. Can someone recommend the right questions I should be asking to determine if this is truly a product I should be purchasing?

Asked over 5 years ago

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