At its core, cash flow planning is about helping us make better decisions. It involves organizing our financial life into something comprehensible and then looking into the future to understand the range of potential outcomes.
For employees with access to a pension plan, there is a choice between managing their own pension assets for maximum flexibility or delegating responsibility to their employer for maximum certainty.
Plans rarely come with a guaranteed outcome. However, the process of planning reduces uncertainty and increases the likelihood that you will arrive at an outcome that aligns with your values and priorities.
There are four primary avenues to paying for college: scholarships, student loans, work-study, and savings. Many families' college cash flow plans include several of these options, and each has different lessons for parents and children.
A successful transition to retirement must express your values. Understanding the motivation behind your decision, and being prepared for how you will spend your time post-retirement, are key steps to achieving a fulfilling retirement.
July is the new April! At least as it applies to tax filings and deadlines. Among the many changes that coronavirus has brought, one is the extension of a variety of tax filing and payment deadlines for 2019 and 2020.