Jill on Money with Jill Schlesinger Planning for Our Financial Future
Jan 7, 2025
Explore innovative retirement strategies and essential tips for navigating family finances. Dive into proactive planning methods like Roth IRAs and 529 accounts for children's education. Discover how to optimize college funding while considering family income's impact on scholarships. Delve into the benefits of job flexibility in nonprofit careers and reassessing life insurance policies. Learn about vital estate planning tools like wills to secure your family's future against uncertainties.
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Start a Roth IRA
- Start a Roth IRA for yourself as soon as your mortgage is paid off.
- This helps build a habit of saving and provides tax-advantaged growth.
Consider a 529 Plan
- Look into a 529 plan for your children's education after establishing your Roth IRA.
- Prioritize the Roth IRA, but a 529 can offer tax benefits for college savings.
Seek Full-Time Work
- Seek full-time employment for better benefits, especially health insurance, as you get older.
- Explore nonprofit options, which often prioritize benefits and flexibility.
