Planning for a Strong Financial Future

By Lee Baker, CFP One of my favorite things as a child was reading comic books. To be honest, if I had more free time, I would probably read them now. Like me, most of you probably remember the Charles Atlas ads in comic books and other magazines. You know the story: A bully kicks sand in a skinny kid’s face. Deciding to do something about it, the skinny kid sends for a free book from Charles Atlas that promises …

It’s Tax Day! Don’t Forget to File

If you’re rushing to get your taxes done before today’s midnight deadline, take some comfort that you’re not alone. The Internal Revenue Service expects to receive about 35 million returns in the last week or so before the filing deadline. At this point, the time for most moves to lessen your tax bite is long over, although even on this deadline day you may have one more opportunity. It’s still possible to make a 2013 contribution to a deductible individual retirement …

Let’s Give Caregivers the Support They Deserve

You get up, get dressed, cook breakfast, make bag lunches for the kids, drop the kids off at school, rush to work, prepare for a big meeting, call to check in on your mom during lunch, go to your meeting, schedule your mom’s next doctor’s appointment, race to the pharmacy after work, drop off mom’s meds on your way home, cook dinner, help the kids with their homework, check in on mom again, and – finally – go to bed. …

You’re Over 50. Now What? Carrie Schwab-Pomerantz Tells You

Carrie Schwab-Pomerantz (yep, Chuck’s daughter) doesn’t want you to lie awake at night, worrying about whether you’ll be able to afford to retire. Instead, she wants you to consult her new compendium for advice, not unlike the way patients thumb through a medical reference guide to learn about a particular disorder. The chapter titles in The Charles Schwab Guide to Finances After Fifty are similar to the questions in Ask Carrie, her syndicated personal finance column. Are you in your 60s and way …

Boomers Downbeat Over Financial Future

With her wavy long hair, bell-bottom jeans and a peace sign hanging from her neck, Rita Beck was much like other boomer women who came of age in the trippy, turbulent 1960s and 1970s. They attended college in record numbers, seized job opportunities their mothers never had and reveled in their independence. “Our parents scrimped for everything,” says Beck, 58, of Janesville, Wis.  “We boomers came on the scene and said, ‘Who needs to save for a house when you …

Is Marriage More Loving, or Boring, in Retirement?

Is marriage more boring or more fulfilling in retirement? (Hint: It’s better than you think.) Do spouses in blended families have different financial priorities for their own children than for their stepchildren? These were some of the questions that 5,415 people were asked in a study called “Family & Retirement: The Elephant in the Room.” Folks weighed in about their hopes and fears when they retire, whether they’d sacrifice their own financial security to help their adult children now, and …