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Retirement Funds

Odds Are You Are Going to Retire Hungry and Poor

If your 75 year old self could talk to you today about making retirement saving a priority, what advice do you think you'd hear?

Americans can be in as much current day denial as they want to about their future and what retirement will look like but recent studies show a significant number of people are not at all confident they will be able to retire with adequate income and savings. According to the Employee Benefit Research institute, 49 percent of workers surveyed said ... Read More »

    Here’s Why a 401(k) Loan to Pay Off Debt Can Cost You a Massive Amount in Retirement

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    Over the years I’ve been asked time and time again about if a 401(k) loan is a good idea to take out to pay off debt. I typically say the same thing, in most cases it makes no sense to touch the money in the 401(k) that is protected from creditors if you can qualify for a chapter 7 bankruptcy. ... Read More »

      More People Preparing to Eat Dog Food in Retirement

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      To make it through tough times more Americans have borrowed, stolen or raided their small retirement funds to make ends meet. Loans from retirement funds jumped 20 percent last year. This really can’t be a big surprise to many. Faced with difficult financial decisions people will tend to gravitate towards the oath that seems easiest and less painful immediately. It’s ... Read More »

        How Much Of My Annual Pay Should I Be Saving For Retirement?

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        Over the past few weeks I’ve been noticing quite a few searches coming to this site with people putting together their financial strategy for the new year, and asking one important question. How much annual pay should I be saving for retirement? It seems like a lot of folks are just unsure about how much they should be saving, and ... Read More »

          401(k) Loans Rising to Make Ends Meet. Spells Big Future Trouble for Consumers.

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          The bad news is out, more people are raiding their 401(k)s for cash to address current financial needs. While the ability to reach into a 401(k) might be perceived as a good thing, after all isn’t it our own money, it’s not. When you steal from your 401(k) you are really taking money from your 81 year old self who ... Read More »

            Boyfriend Cheats Me Out Of Money To Feed His Debt Habit

            Photo Credit: crnewbedford

            I’d like to follow up with my previous article, How Do You Value Your Quality of Life? Debt Solutions to Fix The Future In this article I showcased a friend of mine, Michael. I should point out that Michael was much more than a friend to me, we had been in a very serious relationship for a year and a ... Read More »

              How Do You Value Your Quality of Life? Debt Solutions to Fix The Future

              Photo Credit: Cayusa

              Debt doesn’t just affect the people actually in debt, it often affects the ones around them, near and dear to them. I know this from first hand experience as someone who has loved and lived with someone so deep in debt they could not see a way out. Not only is the emotional toll hard on the debtor but also ... Read More »

                How to Survive a Job Loss

                Example 1

                If you’ve ever lost a job, you know how devastating it can be. It doesn’t really matter how you lost it — a company reorganization, merger, forced retirement or simply being fired — the results are the same. It probably feels like everything you’ve worked for is gone, including your income. And because losing a job is often unexpected, you’re ... Read More »

                  How Should I Borrow? The Pros and Cons of Different Types of Loans and Debt Solutions

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                  If you’re in debt you may have considered borrowing to consolidate your payments, lower your interest costs or even to stay afloat a little longer. Before you borrow, consider your options carefully. No matter how attractively some loans are marketed, they can’t solve your debt problems. The only way to do that is to spend less, earn more and develop ... Read More »

                    Where to Find Free Cash in an Absolute Emergency

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                    An article in the Wall Street Journal was bolder that I might have been about the realities of the best place to find cash in an emergency. When I read the article I broke out in a huge smile for ear to ear. Amen. People make the same chronic mistakes when they get into a financial bind if they have ... Read More »

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