The financial difficulties that we’ve experienced in recent years should both reinforce the need for financial education and give you a sense of the exact types of skills you need to pass on to your child.

Ask yourself, “Are my investments working to meet my financial goals and needs for each stage of life?” If you can’t easily say yes, then maybe it’s time to re-evaluate or create a written investment plan.

Rather than creating one portfolio that is set to mature when you reach a certain age, let’s say 65, create multiple portfolios with different target or maturation dates.

The lead article in the October 2010 issue of Money magazine is titled 7 Secrets to a Richer Retirement. After reading through the article, I thought it would be worth reviewing and sharing some of the valuable points.

First, let me say that I’m a big fan. Ever since seeing Tim Allen and Martin Short duel for your position, I’ve felt a renewed vigor and belief. So I thought I would drop you a line this year and make a few requests.

I’m certain that we all hope to be living on the beach sipping a cool drink in the shade. But if the financial markets in the last few years have taught us anything then it is that the unexpected happens.

Buy term and invest the difference is a very popular piece of financial advice, but is it really a good idea? Here are a few things you should consider before practicing this strategy.

Ultimately, you are responsible for creating your nest egg. So take time now to research, understand, and actively create a great retirement portfolio.