The 10-year average inflation rate for college tuition is right around 5%, according to Savingforcollege.com. This 5% might not sound like much, but if you carry on that average for 18 years, you end up with a very expensive education for one child.
Though I have never personally ran a marathon, I could imagine that there are moments during the race that you feel the best you ever have! Then, I am sure there are moments you are questioning your logic for entering yourself into something so painful and fatiguing. You may be wondering at this point why I am even discussing running on a financial radio show. I am here to tell you that running a marathon is a lot like saving for retirement.
There are a lot of individuals that John McCann and Michael Clark work with on a daily basis that are a part of the Florida Retirement System and they often have many questions about this popular topic.
In this episode of the Let’s Talk Future Show, Michael Clark has guest Geoff Hoatson on the air and the popular topic is all about Trusts.
It is widely known that in order to completely retire, in most cases, the person retiring needs to have some amount of money set aside. Though it seems as simple as socking money away for that time when you decide you are no longer going to work, it is not actually that easy most of the time.