Money

Money advice from Dave Ramsey

Dear Dave, My husband and I are on Baby Step 3b, and we’re saving for a house. We’re out of debt and both of us make good money, plus we each have 20-year level term life insurance policies with coverage equaling 10 times our individual incomes. We also have an emergency fund equal to six months of expenses. I recently received a promotion at work, with a subsequent raise of $10,000. Should I update my life insurance policy to reflect this new income? —Maria

Money through the decades

Planning for retirement is a long-term program. A well-prepared retiree shouldn’t just turn in his key card after only a week, a month or even a year of analysis and planning for post-career needs. Retirement requires decades of making down-the-road decisions about investments.

Tips on raising charitable children

Many of us take the opportunity during the holiday season to reinforce to our children the concept of giving. But are we doing enough to make sure this concept gets woven into their everyday behavior? Sometimes it’s tough to involve children, particularly young ones, in charity.