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Saving For College - 5 Accounts You Use to Diversify Savings


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College is expensive: $35,720 per student, according to data from educationdata.org.
Many personal finance experts follow the airplane oxygen mask rule: Make sure your own finances are in order before saving for your children. Before you go all in saving for your child’s future college expenses, make sure it isn’t interfering with your own savings, retirement funding, and ability to pay down high-interest debt. ....

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PFI newsletter: 5 high-impact financial tasks that take 10 minutes


Name beneficiaries. After years of thinking I d named a beneficiary on my 401(k), I recently checked my online account to find it blank. Take a few minutes to ensure all your retirement or investment accounts have the right beneficiary listed (note that you ll need your beneficiary s Social Security number to make it official). This isn t fun to think about, but it s a small task that, if ignored, can cause more than a headache for your heirs. 
Revisit auto-save (or set it up!). Automatic savings is a smart strategy because it doesn t require any ongoing effort. But don t forget to revisit the amount you re saving, especially if your income has gone up or your goals have changed. ....

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