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Twitter Takeover: Money Matters

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/

Mint https://www.mint.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://studentloans.gov/myDirectLoan/contactUs.action * 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