Convince Your Kids to Save in a Language They Understand: Beer

Posted on 08/21/2012 by | Money Essentials | Comments

Money & SavingsOver at LifeTuner, we were pretty proud of our infographic that depicted the power of compounding interest, but we may have just been outdone. The folks over at have put together a great graphic that shows how saving small early can lead to big gains by converting dollars into a more attractive retirement goal: a giant tower of beer. The savings rate is a little on the small side ($1/day), so throw in a tidbit about being able to …

Why Retiring Abroad Could Save You Money

Posted on 08/1/2012 by | Retiring Overseas | Comments

Money & SavingsIn a previous blog post, I wrote about one of the key perks of living in Latin America – affordability. I wrote that you can live quite comfortably in Latin America on your Social Security benefits, despite the fact that those benefits have only risen 3.6 percent in the last three years. For a retiree in 2012, the average Social Security benefit is $1,230. One of my favorite treats, I mentioned, is that in Ecuador, I can afford to hire …

The 7 Things Your Kids and Grandkids Need to Know About Money

Posted on 08/1/2012 by | Money Essentials | Comments

Money & SavingsOver at LifeTuner, we have a series of seven rules designed to help get your kids and grandkids financially fit and keep them that way that we call the “7 Smart Money Essentials.” Some are hard-and-fast rules (Save at Least 10%), others are general guidelines (Limit Your Debt), and while we’re proud of how effective they can be, they were looking kind of…, well, blah. Personal finance can be mundane, but it doesn’t have to be. To help us shake …

Jane Lynch Helps Launch Student Debt Website

Posted on 07/18/2012 by | Money Essentials | Comments

Money & SavingsJane Lynch, best known for her portrayal of sometimes-sadistic cheerleading coach Sue Sylvester on Glee, is lending her star power to help stop the student loan crisis by participating in a series of public service announcements to launch the National College Finance Center (NCFC) website. The NCFC site is a one-stop-shop for student loan information, offering calculators, repayment action plans, and loan guides to help borrowers get step-by-step instruction on how to pay back student loans in what can be …

The Takeaway: Americans Borrowing–and Not Repaying–Billions from 401(k)s

Posted on 07/17/2012 by | Brooklyn, NY | Comments

Bulletin TodayWhat’s a worse financial plan than taking a loan from your retirement savings? Taking a loan from your retirement savings and not paying it back. Yet a growing number of Americans are doing just that, according to a new study from financial services firm Navigant Economics. Defaults on 401(k) loans totaled $37 billion in recent years.

The Takeaway: Parents Helping Less With Education Costs

Posted on 07/16/2012 by | Brooklyn, NY | Comments

Bulletin TodayMark this as one more way in which the Great Recession has affected Americans’ financial planning: Parents are contributing less to their children’s college costs than they did just a few years ago, according to a recent poll. In addition, more college students are living at home with parents to save money.