Tomorrow my wife and I meet with a financial planner to help us look ahead and plan for our financial future.
Money management and retirement planning may not be a top priority for most family child care providers but it should be.
Getting practical information about financial planning, without hiring a financial planner, can be daunting. There are thousands of books on the topic and the Internet is packed with websites and blogs offering advice that can be contradictory.
Here’s my suggestion for where to start if you are a novice:
All of these books are geared towards people who don’t know a lot about financial planning.
For years I’ve read closely a blog called Oblivious Investor and I would recommend it to providers who are a little more savvy about their money. It’s a clearing house of current articles on the Internet about all aspects of investing and money management. Some of the articles are very academic, but most are easy to understand, and offer practical advice.
The author of the blog has written an excellent book, Social Security Made Simple, which is the best available book on this topic (and it’s only 100 pages).
Lastly, my book Family Child Care Money Management Guide offers help to those need help on how to save money, make better financial decisions and choose the right IRA for their retirement funds.
What book or article have you found to be helpful to you on money management or retirement planning?
Tom Copeland – www.tomcopelandblog.com
Image credit: http://www.freepik.com/free-vector/piggy-bank-background-and-growing-savings_1137663.htm#term=piggy%20bank&page=1&position=2
For more information, see my book Family Child Care Money Management and Retirement Guide.