U of R's Dr. Dan Otter is taking over the U of R official Twitter from 6-8 p.m. on Thursday, Jan. 31, 2019 to answer your questions about money matters. Thinking about using an app to manage your budget? Looking for information about retirement? Dr. Otter is a recognized expert in financial literacy and published author of two financial literacy-related books: "Teach and Retire Rich" and "Financial Literacy for the Young (and the Young at Heart)."
Ask your questions ahead of time by tweet, Twitter message or email to jennifer_dobbs@redlands.edu, or tweet them in real time during the takeover. To join in the fun, visit the U of R Twitter homepage beginning at 6 p.m. Jan. 31 and follow #URMoneyMatters.
Recommended resources:
Books
The Money Book for the Young and Fabulous & Broke by Suze Orman https://www.amazon.com/dp/B000PC71Q4/ref=dp-kindle-redirect?_encoding=UTF8&btkr=1
Work Optional: Retire Early the Non-Penny-Pinching Way by Tanja Hester https://www.amazon.com/dp/B07F666N89/ref=dp-kindle-redirect?_encoding=UTF8&btkr=1
Your Money or Your Life: 9 Steps to Transforming Your Relationship with Money and Achieving Financial Independence (fully revised for 2018) by Vicki Robbin and Joe Dominguez https://www.amazon.com/dp/B0052MD8VO/ref=dp-kindle-redirect?_encoding=UTF8&btkr=1
Budgeting
50-30-20 Rule https://www.thebalance.com/the-50-30-20-rule-of-thumb-453922
Budgeting Apps
You Need a Budget (YNAB) https://www.youneedabudget.com/
Check Your Credit https://www.creditkarma.com/
General Personal Finance Sites
The Balance: Make Money Personal https://www.thebalance.com/
Mr. Money Mustache https://www.mrmoneymustache.com/
Investopedia https://www.investopedia.com
5 Basic Insurances Policies Everyone Should Have
https://blog.mint.com/planning/the-5-basic-insurance-policies-everyone-should-have-0213/
Podcasts
List from the College Investor (investing and personal finance for millennials) https://thecollegeinvestor.com/6778/top-investing-podcasts/
* Planet Money by NPR
* Stacking Benjamins
* So Money
Student Loan Information
* Student Loan Support Center (run by Federal Government): https://studentaid.gov/help-center/contact * The Student Loan Show (podcast) http://www.studentloanshow.com/about/
2019 401(k), 403(b), 457(b) Contribution Limits https://www.irs.gov/newsroom/401k-contribution-limit-increases-to-19000-for-2019-ira-limit-increases-to-6000
2019 IRA Contribution Limits https://www.irs.gov/retirement-plans/retirement-plans-faqs-regarding-iras-contributions
401(k) Plan Information https://www.irs.gov/retirement-plans/401k-plans
403(b) Plan Information www.403bwise.com
Average Retiree Spending Per Month https://www.barrons.com/articles/what-the-average-retiree-spends-1543523737