We recently ordered the pictures taken at the hospital for our newborn. While ordering I was thrown a sales pitch on buying life insurance for my child. Last time I checked life insurance was to replace lost income. My children, while I love them dearly, are not really contributing to the bottom line of our [...]

I received the following question from a reader:
I recently got married, and have been wondering how my spouse and I can determine the amount of life insurance we need in order to be financially secure, in the event that something would happen to one of us. -Summer
Great question Summer! Glad you are thinking ahead and [...]

As the end of the year approaches, it’s time to think about any last minute tax strategies. At the same time, I have a checklist of things to prepare for the upcoming year. It’s more efficient to do them at the same time as many of the strategies impact calculations for next year.

In response to Strategy to Contribute More Than Roth IRA Limit Allows I received feedback from a reader, Tony. He thought it would be beneficial if I mentioned some of the rules for Roth IRA conversions.

Right now I’m driving a 2005 Mercedes Benz C230. I got it as a birthday present from my husband 2.5 years ago. I love it! And I want to keep it forever…. but there’s two things that bug me about it.