What if people in your age and income brackets put an average of 8 percent of their salaries into their 401(k) plans, and the top 10 percent squirreled away 15 percent—and you could see it all on your plan's website?
If you’re the parent of a student who’s attending college at least 100 miles from home, and who won’t be bringing a car along, call your insurance agent pronto. You may be due for a break on your auto policy.
Most insurers will either recalculate your premiums or give you a discount, says Jeanne Salvatore, chief communications officer at the Insurance Information Institute, an industry organization. Allstate, for example, says the discount can be as high as 30%.
Even if your student will be taking a car to college, you might still save, depending on where that college is. Insurers look at where a car “resides” in determining premiums, Salvatore notes.
So, if the car will be moving from a busy city to a quiet college town, you could see a reduction in your premium.
Purchasing a home can be an involved, complex and expensive
investment with no specific guarantee of a sizable rate of return on the
investment---unless you buy the home in a classified historic district
in the community.