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double-your-money

Gifting an Inheritance at Birth

In my article Building Generational Wealth I discussed how I plan to contribute $16,000 to my grandchildren at birth in order to give them a huge jump start on wealth building.  Using the rule of 72 and an assumed 8% annualized return,  $16,000 will become $74,000 at 20, $161,000 at …

Building Generational Wealth2

Building Generational Wealth

I want my children, my grandchildren and my great grandchildren to be financially successful.  I want them to be wealthy.  I also want them to be smart, hard working, and kind.  I want them to have enough resources that their predominate goal in life isn’t the accumulation of assets.  I …

Pell Grant Table A

How To Qualify For A Pell Grant

I’ve researched several ways to make college more affordable, including going to community college, using tax credits, and using CLEP exams.  I’ve generally discounted the idea of getting a Pell grant, because this government program that gives up to $5,815 per year to students is geared towards low income families. …

is-70-the-new-retirement-age

Is 70 The New Retirement Age?

I just came across this article entitled “Is 70 the new retirement age?” and I imagined that it would be an article focused on baby boomers who didn’t save any money or on people who love their jobs and don’t plan to retire until they are essentially forced out. It …