Prepare for a worry-free future

Getting involved with parents’ plans for their golden years can keep young adults from having to shell out big money later on—or at least prepare them for it.

View full post on WSJ.com: Retirement Planning

BY JENNIFER MECKLES You’re watching multisource politics video news analysis from Newsy. Its been a tough couple of weeks for disgraced Congressman Anthony Weiner. But the day after he announced he would step down — a new angle on his story. The same taxpayers who called for his resignation — will continue funding a cushy pension plan. The Capitol Hill newspaper Roll Call reports: “… the New York Democrat’s pension and a savings plan lawmakers have access to similar to a 401(k) could be worth $1.12 million to $1.28 million… At 46, Weiner will not be eligible for his pension for another decade, at which point he could begin drawing a reduced rate of $32357 a year… If he waits until age 62 to begin drawing his pension, he will receive his full benefits, or $46224…” So more than $1 million total, to be paid at either $35- or $42-thousand a year, depending on what he chooses. News of Weiner’s comfortable pay package and flexible option sent fury through the blogosphere. The Wall Street Journal’s “Smart Money” argues — that’s hardly fair: “The point here isn’t that politicians don’t deserve decent retirement plans. The last thing America needs is financially-insecure lawmakers. But Weiner is getting the equivalent of a $1.2 million exit payment after serving just 12 years on the job. Now that’s worth tweeting about.” And that’s not all he gets to keep. ABC lists the rest: “Weiner still gets all the perks reserved for former members of Congress… and a lifetime of …

The Utah Educational Savings Plan (UESP) makes it easy to save for college. We even offer an FDIC-Insured Savings Account option.

My boyfriend and I are mapping out our (house) savings plan!

1 yr. savings for loss of job : $12,000.00

6 mos. Savings for surprise emergencies : $6,000.00

Furniture, appliances, décor, &, necessities for home: $5,000.00

Closing costs, taxes, & misc fees: $5,000.00

After combat stints, service members and families can face financial challenges.

View full post on WSJ.com: Retirement Planning