Retirement Planning: Myself
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Money for Retirement Account
Asked by O.L. from Los Angeles
on December 30, 2011
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Hi, just wondering what a reasonable amount of money is to put into one's retirement account? What type of account do you put it in?
Answers
- I agree with the answers below, especially about needing to personalize your own situation with regard to your current income level, your spending habits, your current...
- I think you need to talk to a trusted financial consultant so you can figure out how much is right for you to be investing. Everybody is different. As for us, we...
- Shannon's advice to check out Dave Ramsey's program is a great idea; Clark Howard also has several books on financial 'smarts'. Like many of the other moms mentioned:...
Retirement
Asked by C.H. from Grand Rapids
on May 20, 2008
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My mom is turning 60 this weekend and she is also retiring this year after teaching for 38 years. I would like to get her something memorable and combine both things i...
Answers
- My mom is in a similar position and I am putting together a basket for her with things she can do now that she is home: some books (which she never had time to read), ...
- I know this is a little late, but I have 2 suggestions...I have a business with Once Upon A Family, my website is www.thelegacyoffamily.com. Anyway, we have these AWE...
- C., Your Mom is very lucky to have you. A massage would be nice along with the day spa idea but how about if you mix it up and have a "date" with your Mom to help ...
Mothers Retirement from Teaching
Asked by A.D. from Dallas
on March 21, 2011
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My Lovely Mother is retiring from teaching after 25+ years! I am in need of some ideas on places to have a retirement party for her and any neat ideas of how to create...
Answers
- When my mom retired from teaching, my dad made up some story about how he had to take her to work (fixing the car or something) so that at the end of the day after all...
- This depends on who you are planning on inviting. Most schools will do a "dinner" in her honor with current faculty and administration invited- usually a dinner for a...
- you might also check to see if the school district has a facility that could host a party to recognize her retirement. Some districts do this for long term employees....
Non Working Parents and Retirement
Asked by M.L. from Houston
on March 28, 2012
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So, having recently finished the taxes... I know there are tax breaks and such on having certain retirement funds. The one my husband has doesn't work this way. But I ...
Answers
- Yes, you should be planning for your retirement. I would suggest meeting with a financial advisor to determine how much you need to be putting aside to prepare for you...
- Yes it is important for SAHM and dads to be contrubuting to retirement funds. What you put in depends on your financial status and what you can afford. There are t...
- Absolutely! We do it. My DH has a 401K at work AND we put into a Roth IRA for him (Not tax free now, but tax free when we draw on it) and a traditional IRA for me. We ...
Retirement Gift for Teacher
Asked by J.S. from Cleveland
on May 22, 2011
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My son's 2nd grade teacher is retiring after many, many years of teaching. My son's class will be her last (my daughter also had her 2 years ago).
The class wants ...
Answers
- This might be hard to put together on short notice -- but wouldn't it be wonderful to make a poster sized collage of photos of all the classes she taught that you can ...
- We gave one of the retiring teachers a rocking chair for her front porch. She loves her neighborhood and said she loved drinking coffee outside on the front steps.. It...
- What about a bird feeder with a supply of bird food. You can use that at a house, apt or condo and everything she sees it she will think of her classes and all the li...
Attorney for Wills & Estate Planning?
Asked by S.T. from Chicago
on July 3, 2008
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Hey Mamas,
Can anyone recommend an attorney for wills and estate planning located in the western suburbs? We are in Elmhurst.
Thanks!
S.
Answers
- We just set up a will and a trust with Tom Olofsson. He is in Beverly but will travel to you. His # is ###-###-#### and his website is mytrustlawer.com. He was great t...
- http://www.elderlawillinois.com/contact.html Ben Neiburger specializes in elder law - wills, estate planning, etc. and he's in Elmhurst. He went to law school with ...
- We used Jordan Rifis in Oak Park. He's a member of our church.
Work, Maybe Stay Home, Career to Go in Just Not Sure??
Asked by D.S. from Los Angeles
on February 24, 2008
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I have a 4 year old and a 2 year old. I have stayed home for 3 years now, and I love it but would eventually like to go back to work when my children go to school. I...
Answers
- My name is M. and I too was not sure what I wanted to do until I came accross this website I highly recommend for you to check it out http://www.sitesell.com/Maria37.h...
- I have a 4 year old and my motivation was that I wanted her to start pre school. Otherwise, we would have not had enough $ if I were to continue to stay home to put he...
- Cloe, I am a single parent that had to get back into the workforce due to a divorse and I had a couple of children that have not finished school. Being a stay home mo...
Career V. SHM
Asked by S.B. from Los Angeles
on March 3, 2010
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I would love to hear insights from others who have addressed this issue. I am the very fortunate mother of a 17-month old. I have a job that let's me get home around...
Answers
- Hi S.. I am a mother of 2 toddler girls (ages 4.5 and 3) and what I wouldn't give for my husband to be able to support us without my income, even if it's tight. It p...
- Hi Sara B. - My name is P., from Simi Valley - California, and we have three children ourselves. We have a 10 year old daughter and 4 and 3 year old sons. Sometimes...
- I think you have already answered your own question simply by posting this. If you are thinking it would be better to be home with your child then do it. They are only...
College Planning
Asked by J.W. from Detroit
on January 29, 2011
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Ok - I know that this should have been taken care of years ago, but I get so overwelmed when I try to understand all of the differences between the savings plans out t...
Answers
- We set up a 529, but each state is different in their penalties for taking money out if it isn't for college. The good thing about most 529s is that you can get one f...
- I would highly recommend the MESP program. It is always highly rated with low fees, it has age adjusted programs, so you can just set it and your investments become m...
- why are you planing on paying for his college. My parents didn't pay for mine, and i don't plan on paying it for my kids. they have to learn responsibility. And the...
What's Everyone Doing to save Money
Asked by W.W. from San Francisco
on April 15, 2010
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I'm wondering what everyone's doing to save money. Tips on going grocery shopping, what are you cutting back on. I want to see if how else I would be able to save mo...
Answers
- I didn't read through all your responses, and am getting to this a little late in the game, but I don't know if anyone mentioned Angel Food? You don't have to qualify,...
- Grocery Shopping - only purchase what is on sale. Clothing - Don't go to the stores unless you have a list and then stick with the list. I purchase everything off...
- If you get your hair colored, you might want to consider doing it yourself. I am SO not the type of person who is good with hair, but out of necessity I recently star...
