Another year down and a new one on the horizon. As with any year ending, we like to compile a wealth of information for you (our readers) in order to make your financial life a little easier in the new year. You see, I believe knowledge is power and you can do anything if you just set your mind to it. This translates into sound money management as well.It wasn’t long ago where I was staring at a $75,000 mountain of debt created by my … [Read more...] about Reach Financial Success This Year With These Money Tips
Just in time to celebrate National Save for Retirement Week, my good friends over at Personal Capital put together a little study of how 'ready' our retirement savings might be compared to our age. Since I'm not only a fan of Personal Capital, but also a user, I find this data fascinating and I was a part of the aggregate data. To be fair and honest here, I know my retirement savings are not up to where they should be. The main reason for this is … [Read more...] about How “Ready” Is Your Retirement Savings?
September is Life Insurance Awareness month and this post is in partnership with TermLifeInsurance.com, which helps spread awareness of the importance of term life insurance. Learn more about how you can protect your family and your finances. If you don't know me, then I have a small confession to make. I'm a planner. I research and plan things until I can't do it anymore. While there are some good things about it, there are also bad things. I … [Read more...] about Giving the Financial Cold Shoulder to What We Can’t Predict
There are some of you who caught me when I put up the post about buying my dream car. It was a BMW 750Li and it really is my dream car. I've wanted a 7 series BMW since I first laid my eyes on one. While a few of you caught me, more congratulated me about buying the car. Obviously they didn't realize this type of car is in the upper five digits price range. Yes, the one I said I bought was over $80,000 and was used! The sad thing that little … [Read more...] about BMW or Retirement? The Dream Versus Reality
According to the US Bureau of Labor Statistics, the average American worker only stays at the same job for 4.6 years. Over the course of your career it is likely you’ll change jobs at least a handful of times, and each time you do you’ll need to decide what you want to do with your 401(k) retirement plan. You have four options: Take a lump sum This is almost always a bad idea. First of all, you’ll miss out on any potential gains you could … [Read more...] about What Are Your 401(k) Options When You Leave Your Job
The question of how one invests in a retirement account while carrying a debt burden is becoming more common. According to a survey by Fidelity Investments, almost half of all baby boomers will retire with debt. Today, the average American carries $15,000 in credit card debt alone. While saving towards your future does become more complex with debt, knowing what you’re retirement needs are and understanding the nuances of your debt profile can … [Read more...] about How to Contribute to Your Retirement Plan If You’re In Debt