The second image links to www.thepennyhoarder.com site’s article about common retirement mistakes.
Many of you have a retirement strategy that is simply not going to work. Too many of you are counting on Social Security Benefits to see you through your retirement years. Social Security was established to cover only 40% of your retirement income. The remaining 60% is up to you. Some of you might think […]
I am sure you’ve heard the term Emergency Fund before. What is an Emergency Fund? Who should have it? When do you start it? Where should you save it? Why do you need it? How do you start it? These are the questions that I am going to address today. What is an Emergency Fund? An Emergency Fund (EF) […]
Howard Hughes was once asked, “How much is enough?” (referring to his billions of dollars). Hughes’ reply was, “Just a little bit more.” You see as humans we are never satisfied with what we have. We always want just a little bit more. When you receive your paycheck, you might wish you had a little […]
I bet you never thought of your children’s allowance as welfare. Think about it welfare gives you money when you don’t work, so does an allowance. In the US it’s common practice to give our children money as an allowance. You might be saying,” What’s wrong with that? I love my children, a few dollars […]
If your employer offers to match your 401(k) and you do not take advantage of the program, you are throwing away money each paycheck! You need to contribute money up to the match in your 401(k). If you are a federal government employee and are not putting money into your FERS retirement up to the […]
IRA stands for Individual Retirement Arrangements. It’s a savings account with big tax breaks. Thus, making it an ideal way to save cash for your retirement. An IRA itself is not an investment. It’s just the “basket” in which you keep stocks, bonds, mutual funds and other assets. In 2011, you can contribute up to […]