Farnoosh's Tips

Featured Tip

Recently installed new smoke detectors or a security system in your home? Improvements that make your house stronger and safer can potentially lower your monthly homeowner's insurance premium. All you need to do is call your insurance company and mention any safety upgrades you've made to your house. Ask if you can lower your premium as a result. With the average homeowners' insurance premium around $800 a year, a phone call to your insurance company could save you up to 20% or more than $150, according to the Insurance Information Institute.

  • Budgeting

    • 39% of Americans plan to work past 70! My advice for those planning to delay retirement: look for senior-specific jobs at retiremenjobs.com and AARP.org and consider delaying social security until age 70 to earn a higher monthly benefit.
    • More than 30 million adults are taking care of their aging family or friends over the age of 50, including offering financial help, according to the AARP. Now may be a smart time to have an in-depth conversation with your parents about their finances, all to ensure that you would be able to assist them in case of an emergency.

    • Pay Yourself First! This is tried-and-true advice that I love to repeat. When you get your paycheck, automatically transfer 10% to your personal savings account until you have at least 6-9 months saved to cover your day-to-day expenses! This is in addition to saving for retirement. It's an important and life-saving habit to get
      into, especially with so much uncertainty in the market.

    • Best day of the week for grocery shopping? Wednesdays, according to about half of the country's grocery stores whose weekly sales kick off on Hump Day. Best to check with your local supermarket to be sure, but Wednesday is often a great deal or deals. Shopping in the evening - a couple hours before store closing - on that day may also lead to more savings. That's because many perishables from the bakery, produce and meat departments get reduced for quick sales.

    • Save money on your heating bill this winter. According to the Department of Energy, home heating oil prices will be 10.4% higher this winter. To save, call your utility company and ask about cost-saving plans.  For example, you may qualify for an income-based payment plan, which offers special rates to low-income households or seniors. All customers can also ask for a free home energy audit, where an agent comes to your house, calculates your energy consumption and offers advice on ways to cut back.

    • Recently installed new smoke detectors or a security system in your home? Improvements that make your house stronger and safer can potentially lower your monthly homeowner's insurance premium.  All you need to do is call your insurance company and mention any safety upgrades you've made to your house. Ask if you can lower your premium as a result. With the average homeowners' insurance premium around $800 a year, a phone call to your insurance company could save you up to 20% or more than $150, according to the Insurance Information Institute.

    • Attention college students and parents: A student might be able to get some extra financial aid if a parent recently lost a job, filed a foreclosure or declared bankruptcy. Call your school's financial aid office and ask for a "professional judgment review" to reassess your need for aid given your family's new circumstances. Financial aid experts at FinAid.org say that if parents' earnings have dropped by $10,000 and they have one child in college, the student could potentially get an additional $2,000 to $5,000 in financial aid through a professional judgment review. 
  • Debt Management

    • Should I refi? If you plan to live in your home for at least the next few years and have the chance to refinance your mortgage to a lower rate, now's the time to make a move. Interest rates have fallen recently. It's important to calculate how long it will take for your new monthly savings from the refinanced mortgage to overcome the closing costs. If you can recoup the closing costs in less than two years or far before you ever plan to sell the home, it's generally a good idea to refinance.

    • During challenging economic times many friends and family will lean on each other for financial support. If a loved on asks you for a sizeable loan of around $500 or more, make sure to get the agreement in writing. Sites like nolo.com and legalzoom.com offer basic legal templates.
    • Got retiring parents? The AARP suggests asking mom and dad for: bank accounts & passwords, list of accountants, lawyers & brokers, list of current monthly bills, insurance policies & tax returns...just in case of an emergency.

    • Establishing credit in your early 20s? A secured card is like a credit card with training wheels. It provides a line of credit equal to a sum you deposit with the bank. If you deposit $300, you can only charge up to $300. You're responsible for paying back whatever you use on time and consistently for about a year. After paying off the card you might qualify for a traditional credit card with a bigger limit that requires no collateral.

    • Struggling to afford your federal student loans payments? See if you can qualify for the Income-Based Repayment program, which helps borrowers keep their loan payments capped based on their income and family size. For most qualifying borrowers IBR loan payments will amount to less than 10% of their income. The
      program will also forgive any remaining federal student loan debt after 25 years of making payments. Check out IBRinfo.org to see if you qualify.

    • You should monitor your credit activity regularly. The Federal Trade Commission lets us get a copy of our credit report from each of the three major credit-reporting agencies each year, which you can do by visiting annualcreditreport.com, the only authorized site to obtain your free credit reports. You can also call 877-322-8228 to order. This report will include summaries of your credit record to which lenders and employers have access, including your credit activity, your payment and default histories.

    • Save and pay your bills automatically. You'll sleep better at night knowing you did. It's less painful than taking money out of your paycheck yourself and depositing it in a savings account or handing it to your utility company. According to a recent survey by the Consumer Federation of America and the Financial Services Roundtable, 83% Americans say the most effective way to build personal savings is to automatically transfer funds from your paycheck to a savings account. Research also finds that people with the highest level of well-being had a high level of financial security. Many of them automated their payments so they didn't feel the sting of the pain of payments.

    • Negotiate a lower credit card rate. If you are a long-standing customer and have always paid your bills on time there's no reason you should have an annual interest rate on your card that's more than the national average of 15%. Call and ask for a reduced rate. Let's say your APR is 20% and you have a $5,000 balance on your card, reducing that to say 12% you will save more than $3000 in interest over the life of the loan.

    • College Versus Retirement? College is not cheap, to say the least, but your child's college savings account is not the most important savings bucket to fill. The fact is college typically lasts four to five years, while retirement lasts more than 30. Between attending an affordable school, getting scholarships and grants, and working part-time, your child can find ways to help pay his or her way through school. The financial burden should not be entirely yours. Do as much as you can, but don't compromise your other financial needs because of it.

    • Some employers review applicants' credit reports, especially if they're being considered for financially sensitive positions. Before applying for any job, make sure you've reviewed your credit report. A 2004 survey by U.S Public Research Interest Group found that 80% of reports contained some kind of error, with 25% having "serious" errors. You can download a free copy of your credit report from all three major credit-reporting agencies once every 12 months. If you find mistakes, write a letter to the credit-reporting agency.
  • Discounts

    • Check in with your local massage therapy schools or clinics to see if students are offering free massages. For example, the Illinois Valley Community College's Advanced Massage Therapy class of licensed massage therapy students will host a free massage clinic for those with certain conditions — such as diabetes, high blood pressure or chronic pain — during certain days this month and next.

    • The cost of water poured through a carbon filter comes out to about 31-cents per gallon, which is 12 times lower than the typical cost of bottled water. Your monthly trip to the drugstore is the perfect time to stock up on the filters, sold for anywhere from $6 to $8 each.

    • You could also take advantage of the added savings a drugstore rewards program, such as CVS's Extra Care Rewards or Duane Reade's FlexRewards where you could earn cash back
      for purchases and discounts on products. A rewards program is your key to saving at a drugstore because even a dollar or a few cents in discounts will add up as you shop, especially if you're a regular customer.

    • While prescription drugs aren't always the cheapest at drugstores, do take advantage of some of the other health services provided by your pharmacy, such as flu shots. Flu shots here tend to be about the same price or less than at your doctor's office, and if you're unemployed or uninsured, your flu shot might even be free. For example, last year CVS Caremark offered 100,000 free seasonal flu shots to the unemployed.

    • The modern-day drugstore or pharmacy has become a one-stop-shopping destination for household products, beauty items and groceries. You can find deals on common pantry staples like brand foods, spices, condiments and canned goods. Check out 5dollardinners.com, Sunday Saver.com and DealSeekingMom.com for updates on drugstore specials.
    • Get your family and friends together and visit a National Park on June 21, the first
      day of summer. Visit the website for other fee-free days in 2001. http://www.nps.gov/findapark/feefreeparks.htm

    • Is your teenage son or daughter looking for a summer job? It's a tough market out there, especially as they compete against many more adults. One lesser-known tip for teen job seekers is to look into federal jobs. Government jobs pay at least $10 an hour, according to a spokesperson for the U.S. Office of Personnel Management. Visit USAJobs.gov to search by city and state.

    • Movie lovers will be happy to know that Regal Movies runs Summer Movie Express, a 9-week festival at select theatres across the country offering G and PGrated movies for only a dollar on Tuesdays and Wednesdays at 10am.

    • Get Discounted Movie Tickets. At Costco and through AAA. They're usually 40% off the ticket window price and valid for ANY movie at the theatre. If you and your husband or your kids go to the movies twice a month that's almost a $100 savings a year – leaves more money for popcorn and candy!

    • Savings Tips For New Parents. Connect and network with other parents to generate savings on everyday expenses. For example, swapping children's clothes through a site like thredup.com can yield a savings of more than $1,400 a year. Exchanging babysitting duties with other parents for free can save $1,200 a year, according to babysittingcoop.com. And buying gently used baby gear can save you close to $500 in the first year of a baby's life, according to babycenter.com Just check the safety ratings on all equipment before buying second hand. What are some ways you save on child costs? 

    • Being in academia - either as a student and educator - can earn you some serious savings in stores. I find that the list of retailers offering discounts to those who flash their student or school ID is growing. At J.Crew, for example, students and teachers with a photo ID or ".edu" e-mail address get 15% off.  At Apple students and educators at all levels can still get lower prices on every day Apple products. Go to the Apple Store for Education and see what deals are available based on your school. I looked up Penn State, my alma mater, and found I could save around $50 on MacBooks. At Amazon.com students can sign up for a free Amazon Student account and get free Amazon Prime membership for one year (a $79 value), for free shipping on all orders. And at Borders teachers receive 25% off any classroom-related purchases made in Borders stores.

    • Planning a sunny escape from this winter chill? With airfare on the rise, keep these tips in mind: Call the Airline Directly. Ask for specials. Sometimes being friendly with an agent earns you extra savings. Work with a Travel Agent. They're still around and can come in quite handy when planning a trip. These experienced travel experts know a thing or two about where the discounts are. And Fly When It's Cheapest. Many airline websites show fare options for alternate dates. For example: Many families travel on President's Day weekend, so prices tend to jump between Feb. 19 - 26; you'll likely do better by traveling in early Feburary. And for well-traveled itineraries, Bing Travel (the site formerly known as Farecast) also predicts whether airfares are likely to rise or fall.

    • Save money on dining out with Facebook. More restaurants are establishing Facebook Fan Pages where they'll list exclusive deals and specials, like happy hours, buy-one-get-one free meals and all-you-can-eat specials. Sometimes all you need to do is tell your server that you are a fan on Facebook and that'll get you a free round of drinks or free dessert.  

    • Save Using Daily Deal Sites. Web sites like Groupon, LivingSocial, SocialBuy and BuyWithMe provide online coupons offering discounts of 50 to 90% on dining, hotel rooms, spa treatments and recreation in various cities and towns across the country. It can be a great way to save. But before going for the deal, make sure that it's actually worth it. For example, if you find a coupon on Groupon offering a hot air balloon ride for 50% off, it's only worth it if you were actually in the market for that specific activity. Otherwise, you're just wasting money you weren't planning to spend. What's something you recently purchased on a daily deal web site that was totally worth it?

    • Summer's here and there are more than a few ways to save on family activities. Target sponsors free and reduced-priced events, concerts and art exhibits all year as part of the retailer's Arts + Culture campaign.
  • Market Note

    • Good news! You'll be able to invest $500 more tax-free dollars to your 401(k) starting in 2012, a total of $17,000.

    • Curious about your Medicare premiums and coinsurance rates in 2012? Check out http://questions.medicare.gov/app/answers/detail/a_id/2309/session/L3NpZC9HMzNveDFKaw%3D%3D
    • Saving for retirement is especially critical for women. On average, women live longer and earn less than men. And most women – roughly 90% - will be on their own, financially, at some point in their lives. Contributing to your 401(k) should always be a priority!

    • The maximum Social Security benefit a worker retiring at full retirement age can collect in 2012 will be $2,513/month. Source: http://www.ssa.gov/pressoffice/factsheets/colafacts2012.pdf
    • Historically, our country's averaged a periodic downturn (lasting anywhere from a few months to a few years) nearly every five or so years since the Panic of 1797, which was a nationwide credit crisis. The takeaway? Recessions are cyclical and that is why saving is so crucial – and why any money you absolutely need to achieve your goals and fulfill your needs in the short term, such as in the next five years, should not be exposed in the stock market.

    • If you permanently leave your job and have a retirement plan, the IRS states that your employer must provide a written explanation of your options, 30-90 days before the deadline to take action. Unfortunately, a lot of people take unnecessary losses and penalties by withdrawing the funds. This can set your retirement back years. You do have several options for consideration.
      - Tip #1 Do Nothing. If your account totals $5,000 or more, you can sometimes choose to maintain your money in your old employer's 401(k) plan with the allocations you'd
      previously set. The money will continue to grow tax-deferred and your plan provider will still send you quarterly statements. Eventually you may want to roll over the investment into
      an IRA or your future employer's plan. If you're not sure where to roll over the money yet, this can be a fine short-term decision.
      - Tip #2 Rollover to a new 401(k): If you're new employer offers a 401(k) savings plan, transfer your account directly to your new employer's managing institution. Make sure it's a
      direct move and that a check doesn't show up in your mailbox. Otherwise, again, it's considered a distribution and you could get slapped with tax penalties.
      - Tip #3 Rollover to an IRA: If you've yet to get a new job or your new boss doesn't offer a 401(k) plan, consider shifting your account into an individual retirement arrangement, or IRA
      account. Again, do a direct rollover to avoid the hefty tax. Many financial institutions offer various types of IRAs. It's always a good idea to consult your personal tax and/or financial
    • No matter what your age, it's always smart to keep some of your retirement plan savings safely invested in low risk fixed-income assets, which take some of the guesswork out of your investment return. The closer you are towards retirement, the more you want to invest in these types of fixed-income investments. Of course, you should review your specific situation with a financial advisor.

    • I think now is a smart time for everyone to review their 401(k)s and other retirement
      investments and make sure they're still balanced and well-diversified, and that they're
      adjusted for an appropriate level of risk – which is determined by your age and when you expect to retire. If anything, one could argue that it's a great time to buy stocks.
    • Farnoosh discusses 401ks and ways to protect your retirement portfolio in uncertain times. http://www.farnoosh.tv/financial-basics/saving-financial-basics/today-keeping-your-money-safe/

    • As we learned in the previous recession and in 2008, emotion-driven, knee-jerk reactions tend to be irrational, so avoid impulsive changes to your portfolio when you see stocks drop. You
      don't want to pull out now only to miss out on the rebound. Remember: stocks have pretty much doubled following the market crash in 2008. Most 401k investors who stayed the
      course managed to recoup their losses.
  • Smart Spending

    • Many Americans are dealing with the surprise expense of having to support a loved one during retirement, such as an adult child or grandchild. If this becomes you, avoid sacrificing your retirement. Be a resource to your loved ones by offering your free advice and guidance first, money second.
    • Did you know you can negotiate prices with your doctor? Many physicians will schedule meetings – outside of a medical appointment -- to discuss budgets. Ask about alternative procedures or generic drugs that are just as effective but half the price.

    • Americans plan to spend less in the coming months on things like dining out, entertainment and travel. How about you? What might be some of your tradeoffs?

    • Want to avoid bank fees? A new survey by Bankrate.com says many banks will waive fees as long as you sign up for direct deposit.

    • Travel-size items can be great alternative if your budget is tight this month, and you just need a little bit of a product to tide you over. Travel-size shampoos, lotions, and shaving cream sometimes cost less at drugstores than elsewhere and can last longer than you think. Buying travel-sized products can also help you save when you're testing new products. And
      there is less waste if it turns out it's not for you!

    • If you want to know how to put on a birdcage wedding veil (I did last week), or how to mount your new Pottery Barn shelves to the wall (the directions weren't clear), you can search YouTube, HowCast and VideoJug to find thousands of free how-to videos.
    • The Why Behind the Buy consumer survey finds Americans are spending less on groceries. How are they saving? More than half of shoppers are paying closer attention to what they're putting in the carts, 43% are buying less food and 22% are shopping at cheaper stores.

    • Save money at the grocery store by opting for private-label brands (such as Target's Archer Farms and Costco's Kirkland Signature) rather than national brands like Tide, Kellogg's and Kraft. It makes sense: Private-label goods save consumers about 30% per shopping trip, according to Consumer Reports: If you spend $500 a month on groceries, private-label products could help you save $1,800 a year.

    • Save Money on Gas With Your Phone. There are new smart phone applications that help you track your fuel consumption. For example, there is a free application made by the creators of GasBuddy.com.  It's called "Find Cheap Gas," and helps you with exactly that. Gas Hog costs 99 cents and calculates your car's fuel economy and provides tips on ways to make your car more fuel-efficient.
    • Did you know buying groceries can help you save money on gas? Thanks to national programs like FuelPerks and individual gas rewards program at supermarket chains, shoppers can earn discounts on fuel (sometimes up to 20 cents off per gallon or more depending on what you spend). What's the highest discount you have gotten for gas just for buying groceries?

    • If you're a coffee shop devotee, you may have noticed that prices are on the rise. Bad weather in South America and growing demand has sent bean prices soaring. One way to save (besides brewing from home), consider buying discounted coffee gift cards. At GiftCardRescue.com, I recently found a slightly discounted $20 Starbucks gift card selling for $18.20. Be sure to click on the free shipping option.

    • Staying with the topic of saving on coffee, you may also be able to snag deals on daily deal sites. For example in March, Groupon Orlando sold $19 vouchers worth $39 of organic coffee beans from The Bean Coffee Company, an online store.

    • Turn a Passion or Pastime into a Paycheck. Who doesn't want to make more money in the New Year? One of the best ways to do that is to identify a skill or hobby that you're passionate about and turn that into a revenue stream – teaching a foreign language, designing web sites, making jewelry. When you work a job you love, it won't feel like work.

    • Unplug appliances and save money. Even if you're not using your computer, TV or DVD player, appliances still use electricity when plugged in. It's called "vampire power." Unplug your laptop or computer and save an average $35 per year, according to researchers at Good Magazine.  Your VCR?  $10 savings per year.  Your game console?  Nearly $26 a year in savings per year.

    • Pay attention to packaging. When shopping for groceries, the best way to price compare is to figure out the per unit cost of each item. Take the price and divide it by the unit size (gallons, pints, etc.) Note that with rising food costs, some manufacturers are shrinking packaging (and thus, volume) but leaving prices the same. One savings solution is to buy in bulk – but only sometimes. Buying perishable goods like fruit and veggies in bulk can go to waste unless you have lots of mouths to feed!

    • Text For Free. Most adults send and receive 10 text messages per day. If you're on a pay-as-you-go plan costing 10 cents a text, that'll run you $365 a year. Even if you sign up for an unlimited plan through your carrier, your bill could still be $20 a month or $240 a year. But thanks to new mobile applications, smart phone users can text for free. TextFree Unlimited and TextPlus 4 are both compatible with the iPhone. Blackberry users can download Blackberry Messenger and send free texts to other Blackberry users. And Android customers can use textPLUS. Also, by downloading Facebook or Twitter applications you can send FREE direct messages to friends in your social networks. What are some ways you text for free?

    • Save Money on Gas With Your Phone. There are new smart phone applications that help you track your fuel consumption. For example, there is a free application made by the creators of GasBuddy.com.  It's called "Find Cheap Gas," and helps you with exactly that. Gas Hog costs 99 cents and calculates your car's fuel economy and provides tips on ways to make your car more fuel-efficient.

    • Some Saving Advice For Pet Owners. The American Pet Products Association estimates we spent nearly $48 billion on our pets last year – an increase of nearly 70% since 2001. Want to learn ways to cut back? For one, you probably don't need to buy as much food. Pet owners spent more than $18 billion on pet food last year – more than any other basic pet expense. Meantime, more than 50% of cats and dogs in this country are either overweight or obese. Keep in mind: maintaining your pet at an ideal body condition reduces the risk of higher medical costs related to obesity, as well.

    • Should Parents Pick Up the Wedding Tab? TheKnot.com recently unveiled its 2010 wedding survey and found that one in 5 brides is spending more than $30,000 on their wedding, and 12% of brides are spending more than $40,000. Historically, my parents would host and be the ones footing the entire ceremony and reception costs. But my fiancé and I have decided to cover all the costs ourselves. What do you think? Should brides and grooms always ask their parents for a contribution? Etiquette experts tell me it's always worth it to have the conversation. Do you agree?

    • Reduce Your Wedding Costs. When I first got engaged last fall, I picked up a book called "The Anti-Bride Etiquette Guide" by Carolyn Gerin and Kathleen Hughes. So far I've already learned that we don't "need" to have any silly party favors (savings: $3 to $4 a pop) or even a cake (savings: $12 a slice)! What are some wedding expenses you think are down-right frivolous? Or what are some of your cost-saving tips? Would you, say, throw a wedding on a Friday instead of a Saturday to save money? Some vendors have told us we could cut costs by 25% that way. 
  • Taxes

    • This year employees can pocket more of their paycheck, thanks to the payroll tax holiday -- part of the tax deal signed in December — which will reduce workers' social security taxes this year from 6.2% to 4.2 %. If you earn, say $75,000 a year, that's an extra $1,500 in your pocket. Here's a tip: Use that extra cash to boost your retirement savings. And if your employer offers a contribution match, you may effectively earn even more. What do you plan to do with your 2% raise?

    • Sticking with the 2% payroll tax holiday, if you're trapped only making minimum payments on your credit card, use this tax reduction to help get you out of debt faster. If you earn $75,000 a year, you can expect an extra $125 back in your monthly paycheck from this tax reduction. Now, let's say you owe $5,000 on your credit card, which carries an interest rate of 15%. The monthly minimum is $112.50 (equal to interest plus 1% of your balance). But if you tacked on an extra $125 to that minimum and made fixed payments of $237.50 each month, by the end of the year you'd have chopped $2,250 off that balance — four times more than had you just paid the minimum of $112.50 a month.

    • File electronically to save time and small errors. You can choose from a variety of affordable online software to help you file your taxes online. Or, if your adjusted gross income was $58,000 or less in 2010, you can file electronically for free through the IRS web site at freefile.IRS.gov. Believe it or not many of us forget the very basics when filing a return. Whether we forget to sign our names or carry the one in our calculations, small errors can sometimes delay our refund. But e-filing helps to avoid many of those mistakes. In fact, electronic filers see an error rate of just 1% versus 20% for those who file on paper, according to the IRS. Another perk to filing electronically is that if you're expecting a refund, you can get your check sent directly to your savings account. And because you avoid snail mail you can probably get paid much sooner.

    • Accurately deduct auto mileage. Like charitable contributions, the IRS lets you itemize many other deductions, including business-related mileage. But be mindful. Experts say this is one area tax filers tend to fudge and the IRS keeps a close eye on the claims.  It's actually considered to be an auditing red flag. The rules for deducting mileage are very clear. You need to verify how far you've drove, the business purpose and have the physical documentation. Documentation is key. The more, the better, the safer.

    • Running out of time? Get an extension. If you absolutely can't make the April 18th deadline this year, you can request a six-month extension by filling out the IRS Form 4868. You will then have until Oct. 17 to file your 2010 tax return. Keep in mind though, if you owe money, you must pay that amount by April 18. The IRS doesn't allow extensions on tax payments. If you miss the due date interest and penalty charges will be applied.  

    • Attention married couples: in most cases, it's better to file your taxes jointly, as opposed to separately. It may mean paying less to Uncle Sam. That's because the so-called "averaging effect" of filing your taxes as a couple may bring you to a lower tax bracket. If, however, one of you has significant medical expenses, casualty losses or various itemized deductions, you may want to file separately. That's because those expenses can be used to reduce your taxable income. Also, the amount you are allowed to deduct is based on your adjusted gross income (AGI). If your AGI surpasses a certain threshold you may no longer be qualified to earn the full deductions.  

    • As you prepare your 2010 taxes, don't overlook your deductions. Some lesser-known tax deductible expenses include: student loan interest, out-of-pocket donations and charitable contributions, moving costs related to a job relocation, travel costs related to a charitable activity and certain out-of-pocket medical expenses. Refer to www.irs.gov for a full list of qualifiable deductions

    • If you freelanced, had a side job or made some extra income outside of your full-time position in 2010, make sure you report all earnings. All income is taxable unless specifically excluded by law. That means even if there's no paper trail tracking the money earned from freelance work, you're required by law to report it.  Under the tax law, if you are self-employed, you must file a return, in general, if your annual net earnings from self-employment total $400 or more. Qualified filers should fill out Schedule C or Schedule C-EZ attached to Form 1040 or use e-file.

  • Raising Financially Savvy Kids

    February 29, 2012, 12:00 PM (EDT)

    Personal finance journalist, best-selling author, and Generation Y money coach, Farnoosh Torabi, is back to discuss "how to raise financially savvy kids". We'll cover:

    • Leading by example - actions speak louder than words
    • Teaching children to save and plan for the future
    • Implementing an allowance system that works
  • Money & Marriage: Strategies for Couples

    August 15, 2012, 12:00 PM (EDT)

    Join us for an online presentation featuring Farnoosh Torabi, best-selling author, personal finance journalist, and Generation Y money coach. We'll cover:

    • Identifying your financial role in a relationship
    • Maintaining a healthy and active money dialogue
    • Establishing a financial plan together


  • Envisioning a RetireSmart Retirement

    How do most Americans picture their retirement?  Find out the questions that everyone should ask themselves when planning their financial future.
  • Getting an Early Start to RetireSmart

    How much of a difference can a few years really make when it comes to saving for retirement?  Learn the advantages of starting early.
  • Getting Help to RetireSmart

    Where do most people turn for retirement planning help?  Learn about tools and resources available to you to help make taking action easier.
  • How Much Will You Need to RetireSmart?

    What is your magic number for the golden years?  Find out how to determine if your current retirement strategy will get you there.
  • RetireSmart by Keeping Tabs on Credit

    Ever wonder what is a credit score and why it's important? Learn how you can benefit from managing your credit and how to get a free credit report.
  • RetireSmart by Staying On Track

    Are you on track to reach your retirement goal?  Learn where your potential retirement income will come from and how to calculate if you will have enough.
  • RetireSmart Strategies

    Are you on track to reach your retirement goal?  Learn where your potential retirement income will come from and how to calculate if you will have enough.
  • RetireSmart Tips to Affording Healthcare

    Do you have a strategy to reach your retirement goal?  Discover some basic ideas that everyone should know when planning for retirement.
  • RetireSmart Ways to Pay for College

    Do you have the medical coverage you need?  Get some tips on how you may be able to obtain access to the healthcare coverage you need.
  • Understanding Mutual Funds to RetireSmart

    Do you know what a mutual fund is?  Sometimes having a general understanding can help you take full advantage of opportunities such as investing in your retirement account.

About Farnoosh Torabi

Farnoosh has appeared on NBC's Today Show, MSNBC, CNN, FOX News. She is an accomplished author and has also written for Glamour and Money Magazine. Her advice has been featured in People, The Wall Street Journal and The New York Times. Follow and learn more about our speaker at www.farnoosh.tv.

To access planning tools and additional resources visit www.retiresmart.com
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