Will Social Security run out of money?
By Eric Reich Many people are skeptical when I discuss their Social Security benefits as a part of their retirement plan. The common refrain is that they don’t want to count on Social Security because “it’s going to run out of money soon.” Today, I thought we should...401(k) student loan match
By Eric Reich There has been a lot of talk lately about the government forgiving student loans. For those hoping for it to be a financial windfall, don’t hold your breath. It is incredibly unlikely that student loans will ever be forgiven for the masses. In my...Power of attorney: The missing estate planning piece
By Eric Reich We have been conditioned to get a will drafted for us when thinking about our estates, but we often overlook the other crucial documents that compose a complete estate plan. These include a power of attorney (POA) an advanced health care directive (or...Is an inheritance demotivating?
By Eric Reich My kids are at an age where they are now working during the summer. With hard work comes the realization that decisions have to be made about what to do with their money. In my house, we require a spend/save/share approach. They must do all three with...
