retirement

(March 2014) 1/3 of American have saved $1000 or less for retirement. More on this later.

Retirement calculator
AARP retirement nest egg calculator

Finra Retirement Calculator

myNestEgg ~ the retirement calculator (made by uudaddy, aka yours truly).

The following two, along with the AARP retirement calculator (the top one), are recommended by Consumer Reports Feb 2011 issue “15 ways to never run out of money”.
AnalyzeNow

T. Rowe Price

529 plans

I have created collegeFund app for college savings calculating.

Youd kid(s) shall know the truth and truth will make her/him free*. When I grew up in China (1970s, 1980s), we did not have much, but my parents tried their best to send us (3 kids) to colleges.

Tax deduction:
federal income tax (same for all state plans); state income tax (varies from state to state)
State tax break for 529 plan (Peterson’s)

Other good sources:
SEC 529 plan intro:

College Savings Plan Network:

The Pros and Cons of College Savings Plan (Peterson’s)

FinAid | Saving for College | Section 529 Plans

Continue the discussion on college cost. The following are from “Paying for college – PBS NBR special”

planning 101 paying for college

coping with college costs (100402)

College Savings Calculator
SavingForCollege

Finra.org

Ultimate List of College Cost Calculators

Guidebook to College Savings and 529 Plans

Financial Aid for Online Colleges

Guide to College Savings Plans

Student’s Guide to Affordable Schools

Financial Aid for Online Schools

Guidebook to Saving for Retirement

Credit card offers 529 rewards
Fidelity Investments 529 College Rewards® American Express® Card

Earn 2% on purchases to invest in one or more Fidelity 529 accounts, and the money will have the potential to grow tax-deferred toward your college savings goal. Family members can link cards to your Fidelity-managed 529 account – great for grandparents.

Other Credit Card offers
US Airways up to 50,000 miles (40,000 miles upon first purchase, 10,000 miles from balance transfer).

Chase Sapphire Preferred 40,000 points. (mymoneyblog)

NFL Extra Points Card 40,000 points. (Fatwallet)

Difference between United Mileage Plus Select card (the original UA credit card) vs. United Mileage Explorer card (previously Continental One Pass card):
UA purchase: 3x miles for Select card vs. 2x miles for Explorer card
2x miles for grocery for Select card
5,000 miles annual bonus for Select card
First checked bag free (2nd checked bag free for international) for Explorer card
Priority boarding and 2 UA club passes for Explorer card

*…shall know the truth and truth will make her/him free…This is inspired the similar slogan I saw at UT-Austin tower: You shall know the truth and the truth will make you free.

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