Daycare Costs top In-state Tuition Fees

Having and raising a child takes a tremendous amount of commitment. Not just of time and love, but also financially. That financial commitment just got more daunting for parents of young children who have to work outside of their home. According to a new report released by think tank, New America (via an article at CNN Money):

“The average cost of full-time daycare for kids up to the age of 4 has reached $9,589 a year…. That now tops the average cost of in-state college tuition, which runs about $9,410....

No 401(k) plan? States offer a new solution

Last week, California joined Washington and 6 other states by requiring employers that do not offer a retirement plan to sign up their employees to a state-run IRA account. With this legislation, about 7 million workers in the private sector will be automatically enrolled into the state-sponsored retirement plan....

Roth IRA or 401(k)? – Do Both

Have some additional funds you’d like to save for retirement even after maxing out on your company’s 401(k) plan contribution limit? If your modified adjusted gross income does not exceed certain limits, a Roth IRA is a great place to stash the cash.


Yes, you can contribute to both a Roth IRA and an employer-sponsored retirement plan such as a 401(k), SEP or SIMPLE IRA in the same year....