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The Pitfalls of Your Parents’ Finances
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The Pitfalls of Your Parents’ Finances

Have you had the financial independence talk with your parents? (No, I don't mean the one about college costs and student loans, or the one about helping out with your down payment on your first house.) I'm talking about the one where you hope they'll talk about their health and tell you how to manage their ...

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Start a Roth IRA For Your Kid
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Start a Roth IRA For Your Kid

Now that the 2013 tax planning is over, let's talk about 2014. A reader asks: I think you mentioned before that you set up an IRA for your daughter. How did you account for wages and a W-2? Did she work for you or earn income from someone else? I've set up a Roth IRA for our teen for work done around the house, but ...

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How I Cost My Dad Over $2000 in Medicare Benefits
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How I Cost My Dad Over $2000 in Medicare Benefits

It's been a few months since I posted about Dad. He's still happy and healthy in the care facility, and he's a little deeper into mid-stage Alzheimer's. (In his mind, he's consulting on-site about their electrical engineering needs-- just as he did in his career for nearly 30 years. He says he's happy that they ...

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Protecting Your Military Benefits In A Divorce
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Protecting Your Military Benefits In A Divorce

A reader writes: "In my divorce decree I was awarded part of my husband's Reserve "disposable military retirement pay". My portion is 50% of the time for which we were married, and only for the Reserve points that he earned during our marriage. But the problem is not only figuring out how much I'll get in dollars ...

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Divorce And A Military Reserve Pension
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Divorce And A Military Reserve Pension

A reader writes: My husband was commissioned after ROTC in August 1966, placed on an educational deferment, and did not start active duty until February 1968. How many retirement points did he earn over that period and where is a regulation that addresses this? After some more questions, I learned: The time from ...

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I Tried 23andMe Genetic Testing & Here’s My Review
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I Tried 23andMe Genetic Testing & Here’s My Review

Very long post today (3000 words) but you have the time to read it-- and it's worth reading. Especially if you're interested in genetic testing. Here's my 23andMe Genetic Testing Reviews. A genetics researcher and director of the National Institutes of Health once said: "Genetics loads the gun and environment ...

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Sea story: the Admiral Rickover interview
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Sea story: the Admiral Rickover interview

Wow. Over six months since the last sea story? Unsat. Here we go: In late 1981, one of the new SECNAV's first acts was to persuade SECDEF and the President that it was time for Admiral Rickover to enjoy his military retirement. Over 80 years old, the Admiral had been on active duty for 63 years. He had also ...

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Interview: What’s Wrong With Long-term Care Insurance?
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Interview: What’s Wrong With Long-term Care Insurance?

A few weeks ago I received an e-mail from a representative of the nonprofit organization LIFE: "As more and more Baby Boomers enter their retirement years, there are new financial concerns they need to consider as they plan the rest of their lives. One that’s often overlooked is long-term care. Nearly 70% of ...

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Geriatric Financial Management Update
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Geriatric Financial Management Update

Along with FINCON12 I've visited my Dad and worked on his finances.  I'll talk about how he's doing now and then I'll review the latest financial lessons. Alzheimer's is relentless. Dad's mid-stage symptoms are worse and his brain is losing control of his emotions. He has trouble remembering faces and aphasia is ...

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Sea story: Titanium toilet valves
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Sea story: Titanium toilet valves

    It's hard to believe that it's been weeks since the last sea story, but our daughter just finished a month on the USS LOUISIANA for her Navy ROTC summer training.  She was at sea for all 30 days, qualified to stand a sonar watch, ran a lot of drills, earned herself a deterrent patrol pin, and is pretty ...

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