I’ve often lamented the fact that practical personal finance skills are something very rarely taught at any level of education. In light of this I am passing on the following list created by Richard Barrington from MoneyRates.com. He hits on the most basic, but no less important, money lessons parents should endeavor to impart to their children. This is especially pertinent for those parents sending their kids off to live on college campuses, where for some it will be their first taste of “living on their own.” A college freshman armed with this little bit of knowledge really would be one step ahead...

In the article below, Sandra Block provides a succinct breakdown of the tax consequences people face when it comes to tapping retirement income. One thing I’ve often advised is to make sure to have diversified sources of income, as this makes your ability to plan for taxes in retirement more flexible. Roth IRAs, taxable brokerage accounts, 401(k)s – don’t be afraid to sock money away in all of these if you have the ability...

Here in the Bay Area, we constantly bemoan the fact that the cost of living is so high relative to other parts of the country. That fact was quantified last week by the Tax Foundation. An article originally posted by Mandi Woodruff succinctly summarizes the findings. I though readers would find it to be interesting pieces of data...

Last week I posted the chart below regarding how much of a nest egg you would accumulate at various savings rates ranging from 5% to 20% and with different start dates for saving, ranging from age 30 to age 50. As was expected, the higher the savings rate and the earlier the start time, the more money you would likely accumulate...