What are your personal finance goals for 2012?
Will you be paying off debt in the New Year, boosting your retirement savings or both?
Photo: 401K/Flickr - Increase retirement savings to 15 percent of our gross income
- Boost non-retirement savings until I have a nine-month cushion
- Pay off my student loans
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Comments
I really need to figure out my daughters' college savings plans. We have some money squirreled away here and there but I need to figure out what type of account is best. Have you written any posts about this?
Hi Jenn - I do have a post about college savings here: http://www.mnn.com/money/personal-finance/blogs/kids-and-money-paying-fo...
Since it sounds like you've already answered the first question on my list - will you help pay for their college - you're ready to do a little more research.
Here's the rest of my post (silly enter key) - There are quite a few options out there - Educational Savings Accounts (ESAs), 529s, prepaid tuition plans and more. I'd seek out a financial advisor that can guide you in the decision-making process - not someone that says do a, b and c because I say so but someone that says a, b and c are good ideas and this is why. Knowing what you're doing with your money and why you're doing it is so important these days.
Good luck!
