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Our economy has undergone unreal changes in the last 2 years. Our unemployment rate has increased dramatically. Conventional wisdom has changed from a decade ago is now challenged based on the events of our economy and the actions of our government. These events speak to us about a new set of rules regarding retirement. Below are …
There's been a lot of press given to the financial reform package completed by Congress this past week. Our government thinks they can solve financial problems and prevent them from happening again. My question to you is: Are your finances reformed? Are you comfortable where you are financially? Are their any financial issues that keep …
Americans are way behind the ball when it comes to being prepared for retirement. According to the 2010 Retirement Confidence Survey, "Fewer workers report that they and/or their spouse have saved for retirement (69 percent, down from 75 percent in 2009 but statistically equivalent to 72 percent in 2008). Moreover, fewer workers say that they and/or …
It frustrates me how our government continues to keep the blinders on regarding the needed revamp of social security. The Baby Boomers are already beginning to draw their benefits and the unreal toll on the system will only get larger. A forty something like me is probably looking at 1) higher payroll tax; or 2) …
You work hard for your money. You should want to get the most out of it. Below are some ways to make your money work hard for you.
Seek the best rates. This applies to savings accounts, investment accounts as well as your mortgages. You need to be aware of what you're being charged. You also …
Why do we need to save? What's the point? Here are some reasons I think are important.
Family Vacation. You need to plan out and pay cash for your vacations. There's nothing good about slapping your vacation on VISA and having to pay for it the next year.
Retirement. Your working life will end one day. What …
The stock market drop of 2008 will forever be remembered. A steeper decline has not been witnessed since the Great Depression. The steep retraction resulted in a negative impact on the portfolios of millions. I read in Money magazine that most economists believe the recession ended in the middle of 2009. Has your asset allocation …
"I owe, I owe, it's off to work I go." I saw it on a bumper sticker years ago. Ever wonder what you're working for? Are you closer to choosing work on your terms or does ever-mounting debt make stepping away seem like an eternity away? Today's choices affect your future choices. Living paycheck to paycheck can make …
The market plunge of 2008 created a lot of anxiety with investors. Many faced the decision to pull money from their accounts or leave them alone. What action did you take? DId you pull 10%, 20%, 50%, or do nothing. As for me, I pulled 10% of mine out and put it in an online savings …
If you don't work in the career field of finance or business the word "retirement planning" can be intimidating. How do I start? What is the best way to do it? What is the risk involved? How much will it cost? How much will I need to retire? Your first step toward retirement is to …