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Charlestons Largest Money Fair Offers an Entire Day of Personal Finance Classes to Lowcountry Residents Ready to Improve Their Financial Capability, Sponsored by NFEC

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Charleston, SC (PRWEB) March 30, 2012

Money management affects everything lifestyle, healthcare, education, even employability. To help Lowcountry residents better manage their money and take steps toward financial freedom, on April 14, 2012 from 10AM – 4PM at the Mt. Moriah Family Life Center, Increasing H.O.P.E Financial Training Center will host Money Fair 12, which offers an entire day of free financial management classes. The National Financial Educators Council is the media sponsor and will assist Increasing H.O.P.E further its secondary goal to raise awareness about the financial literacy movement.

The financial training offered at Money Fair 12 will cover a broad range of money management topics, from credit improvement and homeownership to retirement planning and entrepreneurship. However, Dorothea Bernique, Executive Director of Increasing H.O.P.E. Financial Training Center, has placed a priority on financial freedom this year.

The National Financial Educators Council commends the efforts of Increasing H.O.P.E. Their commitment to sharing a practical financial literacy education can provide benefits to the individual, community and Country as a whole, states Cecil Abad of the NFEC.

Were focusing on the basics at Money Fair 12, says Bernique. We want to equip the community to have the fundamental skills necessary to change their attitudes and behaviors about money and begin to put some strategies in place to change their financial future overall.

Increasing H.O.P.E. is partnering with local businesses as both sponsors and vendors for Money Fair `12. Insurance companies, banks, realtors, tax specialists, stress management professionals, doctors offices, and more will all be present to provide information and services to attendees.

This is a community wide effort – we are all coming together to help the residents of the lowcountry take control of their finances and begin to create a life and a legacy for their families, says Bernique.

The event will be held at the Mt. Moriah Family Life Center at 7396 Rivers Avenue, North Charleston, SC 29406. Doors will open at 10AM. There will be a KidsZone with fun finance training for children, so families are welcome. The event is free to the community and is sponsored in part by the Financial Educators Counsel. For more information about Money Fair 12, contact the Increasing H.O.P.E. Financial Training Center at

(843) 225-4343 or email at info(at)increasinghope(dot)com.

The Increasing H.O.P.E. Financial Training Center is located in Charleston South Carolina and offers monthly money management courses and comprehensive financial training programs, along with boot camps, packaged products and counseling services. The center’s mission is to help individuals and families mange their income, reduce debt, build financial wealth and achieve financial freedom.

The National Financial Educators Council supports the efforts of individuals and organizations that are empowering citizens in their community with financial literacy training. The NFEC provides comprehensive financial literacy education resources and awareness campaigns to increase the visibility of the overall financial literacy movement and the organizations that represent the best practices in financial education.





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What is an acceptable amount of money to have allocated for retirement at 25-years of age?

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Question by JRockLC25: What is an acceptable amount of money to have allocated for retirement at 25-years of age?
Wanting to have a large nest egg when I retire, what is an amount I should have right now tucked away in my Roth IRA and how much should I be putting away each year? I do not have a 401k at the moment, but I do save outside the Roth IRA in a taxable account.

So…How much should a 25-year old have right now, removed from college for a handful of years?
EDIT: Just to add a few things…The Roth limit is only 00 and I meet that the past few years and put remaining funds into my taxable account. Is staying status quo with a Roth IRA for the next 30-40 years going to cut it?

Best answer:

Answer by GMAN
You want to save as much as you possibly can. The Roth is great. When you get a 401k put as much as you can afford to but not so much as your quality of life suffers. Think of your lifestyle when you retire. What do you want to do? Fishing, traveling, etc. Then you can save accordingly. Even thinking about retirement at 25 is a good step. There is a maximun amount you can put away in a Roth anyway so you should be able to hit that target.

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Do i have to file my taxes if my parents send me money for my living expenses from overseas?

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Question by : Do i have to file my taxes if my parents send me money for my living expenses from overseas?
i am a permanent resident in the United States, i heard that people have to file their taxes every year, but i am not sure if this would apply to me or not, i don’t work,my parents send me money via wire transfers to my bank account 3 times a year, so the total amount of money that i get from them is about ,000-,000 a year, does that count as an income that i need to report, or i don’t have to file any taxes, i am very confused, i’d appreciate any help or advice regarding that matter, thank you

Best answer:

Answer by ?
You had to pay taxes & you should register.goverment takes the taxes from all

What do you think? Answer below!

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How much money would I need to save for retirement?

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Question by : How much money would I need to save for retirement?
Hello I am only 18 and not even had a job yet of any kind. My dad is going to be 66 soon and he saves he has not got enough more so he can retire, this has got me worried about my future and when I get older. I live in England by the way and how much money do you think I will have to save if I want to retire at about 65 years old?

Thanks in advance everyone for all the helpful comments.

Best answer:

Answer by Judy
Just make wise financial decisions.
Know that by making loans you are only making banks rich and you poor.
Live beneath your means and always save.
Try to make goals – such as buying your first car in cash and never financing anything but a small home.

I would tell you to google “retirement calculator”
But the number will just scare you to death at age 18.
Should be about 2.8 million saved in order to live the poverty level.
The number is high – remember inflation
Just live cheaply and save, save, save.
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What do you think? Answer below!

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How much money is enough to get into a retirement home?

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Question by Midna: How much money is enough to get into a retirement home?
How much money would you realistically like to retire with?
The retirement home has to do with getting to old to take care of yourself.

Best answer:

Answer by Iffy
Today’s retirees can make do with 1.5 million. In 30 yrs a retiree will need 3 million

Give your answer to this question below!

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