Financial Information
Posts tagged parents
Parents of first time college students ?
41 year ago
by admin
in Financial Management
Question : Parents of first time college students ?
My oldest, of four, starts college this Fall. Were/are you as surprised as I was about all the work involved in getting you child in. From that ACT, Fafsa, searching for grants, applying for scholarships, staying on top of financial aid in general, applying for loans, attending orientation seminar, dorm/housing application, meal plan, buying all the stuff for the dorm, ordering books, picking up books, work study program and your student getting their own job for it, parking permit, . . .
I have had a stack of paperwork on my computer printer for months that gets done and added to constantly for this. I just did not know there was so much to do, not that I/we wouldn’t have done it.
financial planning seminar
Best answer:
Answer by misscarinne
I’m not a parent, but I know my parents were always doing paperwork. It seemed I incessantly was signing things and filling things out. In addition, I did a lot of my own paperwork too. A lot of it wasn’t unexpected, medical, room mate survey, etc, but some of it was just repetetive. I almost wished they just had a person I could sit with and give all my information to for 45 minutes and be done with it.
My husband recently lost his job in a software firm now can we have medical insurance for kids nd not parents?
5Question : My husband recently lost his job in a software firm now can we have medical insurance for kids nd not parents?
Hi My husband lost his job in a software firm and we cannot afford for medical insurance now so is there an option that we can pay insurance only for the kids and not us both elders. Or there any other way that we can skip this insurance and still get medical help when required . Pls try to help me.
Thanks
We live in NJ and is there any policy for 2 kids for $ 50 a month or less than that. Thnaks
insurance software
Best answer:
Answer by AM-NM centaur
Under COBRA, I believe you can only continue the policy as originally issued by work, not cherry pick coverage. For more info, see the Department of Labor website
http://www.dol.gov/ebsa/faqs/faq_consumer_cobra.html
Question on retirement planning – my parents?
11 year ago
by admin
in Financial Management
Question : Question on retirement planning – my parents?
My parents have asked me to help advise them on their retirement planning. They have set a tentative target date as June 2011. My mom will be 62 and my dad will be 64. They earn between $ 55 – 60 K, together, per year.
My mom’s pension will pay $ 7,200 per year. Between my dad’s 401(K) and their IRAs, they have about 120K saved. I’m guessing SS payments of about 24K per year. They also own 200 acres of farm land that they rent out. After property taxes and some land improvement expenses, they net about $ 8k per year on the land rental.
I’ve figured that on their 401(k) and IRAs that if they withdraw $ 7,200 per year, and assume 5% growth, those funds will last 32 years before they are exhausted (bringing my mom to age 94, and dad to age 96).
So … that comes to a yearly total retirement income of $ 46,400. After state and federal taxes the net (I think) would be closer to $ 45,200, or about $ 3,700 per month. That’s about 80% of their current income – probably OK to retire on.
Is my thinking right? Any advice?
Assume expenses at an average of $ 3,700 per month or slightly less. My parents don’t live “high on the hog”
House is paid for.
I’m almost certain that they would both retire with medical insurance…I’ll have to ask for sure.
retirement planning help
Best answer:
Answer by Vari Lee
advice,,,,yeah…you left out a very important factor in your plan…..expenses?
the “average” is not important….
you need to calculate their exact monthly expense in order to correctly answer your question….
i assume a pro or your parents will be handling this and not you…
Want to help kids go to college why parents not talking to financial planner? Small investment?
01 year ago
by admin
in Financial Management
Question : Want to help kids go to college why parents not talking to financial planner? Small investment?
investment planner
Best answer:
Answer by copestir
Maybe they do not what to talk to a financial planner.
SheKnows has two awards at the OMMA Awards 2010 event won SheKnows has won the Award of Excellence Web site for the family / parents / Women ‘s category of interest and members cho
0Los Angeles (Vocus) 1 October 2010
SheKnows (www.sheknows.com), one of the dynamic content and online destinations for women worldwide community is proud of two wins at the event OMMA Awards 2010 in New York Monday 27 May at the Hilton New York to give in September. SheKnows has been awarded the Excellence Award in the Web site of the family / parents / rubber boots rain boots? S-class interest and the price “Members Choice for Excellence website.
primarily SheKnows has the Award of Excellence website, the website publisher and / or web developers whose outstanding content, visual design and user interface necessary to create recurring value is obtained for advertisers and consumers. In particular, the family / parents / rubber boots rain boots? S category of interest, on a website a website whose content is primarily on problems in the family, parent / child-rearing tips, family activities and other information aimed primarily at women, that granted visitors.
SheKnows
MediaPost was a community favorite by winning the award “Members Choice for Excellence website, which is voted by the members of MediaPost.com.
â? We are also thrilled and honored to win two awards at the OMMA Awards Dinner this year, â? Said Kyle Cox, CEO of SheKnows. â? We strive to ultimate destination for women information and advice, entertainment and a strong community SheKnows. We are also proud to offer the banner sponsorship marketing innovative and creative integrations that have an uninterrupted user experience while resonance with our> ????
About SheKnows.com:
At the heart of what it really means to be a woman, SheKnows (www.sheknows.com) drew almost 45 million unique visitors (Google Analytics, March 2010). Editors with the delivery of content per day for women, advice, information and a fresh, fun company dedicated to the life, is the site a reliable source for women aged 18 to 54 SheKnows public will have access to exclusive content on entertainment, education, health and welfare, money and careers, dating, beauty and style to spare, and offered an incentive, a well-rounded experience improved online community dynamic with a forum, free games and activities and interesting blogs.
one of the fastest growing destinations on the Web, SheKnows is always one of the top 3 sites for women. For advertisers, opportunities for sponsorship and creative go far beyond the integration of banners and marketing messages continuously make part of the user experience. The company is in Los Angeles with offices in New York, Chicago and Scottsdale headquarters. SheKnows is part of Atomic Online (www.atomiconline.com) mediae Evolve? S publishing unit.
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Credit Card Debt
Iken Joy – Parents Teachers Recommend
01 year ago
by admin
in Financial Management
financial planning classes
Iken Joy Educational toys, tools and study kits have received tremendous support from all parents and teachers who have seen students interacting and innovating with their inherent creativity through these tools. Iken Joy educational toys, tools and kits can be purchased at various Iken Stores across India and at Online Iken Store. Visit www.iken.in/ikenstore/htm or www.ikenstore.com Iken Joy is a wide range of educational toys designed to help children learn the fundamentals of Science by way of play. These toys which enable applying theoretical scientific concepts in practical form, transforms learning into being fun and interactive. Iken is the flagship brand of Mexus Education which delivers the interactive learning content.
Parents, if your teen became pregnant, would you send her out of town/state to a private home for girls?
281 year ago
by admin
in Financial Management
Question : Parents, if your teen became pregnant, would you send her out of town/state to a private home for girls?
Would a loving residential setting be a consideration you’d make so that she could avoid the embarassment, shame, ridicule and gossip of her familiar surroundings? Would this be old-fashioned nowadays or would you find a home for pregnant teens (16-19) a good idea? This home would provide life skills training, budgeting and financial planning, healthy lifestyle lessons, parenting skills, social etiquette and conversation skills and planned parenthood classes. Your daughter would be required to continue her education, volunteer at a Assisted Living Home and Journal her stay at the Home. This would be her “home away from home” and she’d share a room with another female. They would have housekeeping chores and be supervised 24/7, not imprisoned but not have unrestricted freedom, either. Do you feel such an environment would be advantageous for a pregnant teen? The father of the baby could visit only with parental consent. Families could visit anytime if not interferring with school.
“Sending” her out of town/state only if she wants to go, of course. If the decision was made to give the baby up for adoption instead of terminating the pregnancy, would a loving residential home be an option for her? She would be required to continue her education, attend planned parenthood classes, volunteer at a Assisted Living Home and enjoy social and cultural events, under 24/7 supervision. How much would you pay monthly for her care? She would be taught teambuilding, social etiquette and conversational skills, budgeting and finance and required to Journal her stay while at her “home away from home.” Please elaborate as much as you’d like. Remember, she is NOT being forced to go away. The decision is made as a family in her best interest and that of your grandchild. I’m interested in your detailed comments and feedback.
I see that using the word “send” was a poor choice. The question isn’t to cast flesh of your flesh and bone of your bone into medieval times for torture because she made a mistake. I appreciate all the answers coming in as it’s helping with my survey/research. I have posed the question on a more “regulated” site and have received quite different responses. I’m not looking for answers that pleases me. I want to know what parents think. Of course, I’ve no idea if parents are answering as well as kids. A more “controlled” study is being done. Keep the answers coming!
For the uninformed, there are many residential places for pregnant teens in the US today, all paid for by your tax dollars. They are for “bad girls.” Just so you’ll know also, the question isn’t aimed at a situation I know of personally. I am sure there are teenagers who wish their parents felt as most of you feel but the reality is, not all parents support their children. Not all parents are good parents, themselves! Thanks for your answers.
financial planning training
Best answer:
Answer by boo
i would consider this only if she wants to go.
Does anyone have information on where to get small business loans for single parents?
0Question : Does anyone have information on where to get small business loans for single parents?
I have heard that there are small business loans and grants for single parents. I am a single father of a child and ive been interested in starting a business, but i dont have a large income or great credit. I was hoping someone had a link or went through the process that would be able to share their story and info. Thanks
small business loans
Best answer:
Answer by Rachel
yes we know
small business loans are right here for u
visit us now
Can I have my parents and siblings covered under my long term care insurance policy?
2Question : Can I have my parents and siblings covered under my long term care insurance policy?
I fear that the physical and financial burden of my parents/siblings care will fall on my shoulders. Can I take the necessary precautions and get some long term care insurance so that everything is taken care of, should something happen to any of them?
long term care insurance
Best answer:
Answer by Zarnev
Yes, you can get long term care insurance on your parents and siblings if they qualify, but you can not add them to your policy.
Must I include student loans in debt-to-income ratio if my parents pay my student loans?
31 year ago
by admin
in Scholarships
Question : Must I include student loans in debt-to-income ratio if my parents pay my student loans?
I am going to apply for mortgage pre-approval. My student loans are in my name, but my parents pay the monthly bill. Do I have to include the loans in my debt-to-income ratio if my parents pay the monthly bill? Will the lender accept canceled checks to prove my parents pay the student loan?
debt loans
Best answer:
Answer by Glenn S
Yes you do. Your parents are not under any legal obligation to pay the loans and could stop at any time. You can explain the situation to the lender and they may might make an accommodation, but its unlikely.
