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Tag Archives: retirement

The Saddest Avoidable Mistake People Make When Getting Out of Debt

Every day wasted is money wasted. Make the tough choices young so you don't wind up broke, old, sick, and counting pennies.

It is painful for me to watch people make the same ignorant and stupid mistake time and time again when getting out of debt. And what is the number on mistake that screws up their financial future in an effort to repair their financial past? Keep reading to find out. People make all sorts of emotional decisions when faced with ... Read More »

My Store Lost Money and Left Me With Debt. I’m Retiring. – Dave

tunnel

“Dear Steve, Lost 1165.00 income from sale of store and I was the bank…total 54,000.00 I am retired and have 1500.00 SS and 500.00 company retirement. Problem is I ran up credit card dept trying to keep the store going and have paid off all bank loans except I have around 30,000.00 credit card debt. I am not late and ... Read More »

Should I Keep Investing in My IRA or Pay Off My Home?

retirement

“Dear Steve, Bought a home a year ago after finishing paying off students loans (am currently 27). I started contributing to a Roth about 6 months before I purchased the home and am now wondering if I should continue to max out the Roth or pay off the house faster? M” Don’t miss our free Get Out of Debt – ... Read More »

What Repaying Your Debt Will Cost You in Retirement – Calculator

What Will Debt Repayment Cost You in Retirement?

This calculator demonstrates the future retirement financial loss you may experience when electing to repay your debt with an extended repayment program offered by creditors, credit counseling or debt settlement, rather than intervene on your debt with solutions like bankruptcy which terminate the debt quickly and allow you to resume saving again for retirement. Calculate how much repaying your debt ... Read More »

Debt Snowball is Reducing Our Debt But What Next? – Doris

retirement

“Dear Steve, We owe 172,000.00 on our house and live in CA. We are in our late 4o’s with a net worth of 200,000.00 not including my pension. We both have another 20 or so years to retire. My husband is self employed as a painter therefore we have to put away extra retirement for him. We have life insurance, ... Read More »

We Are in Financial Overload but Getting Ready to Retire. – Tomasita

retirement

“Dear Steve, My husband and I are having financial overload. we would like to get rid of debts as soon as possible he es the only one woks and we are close to retire. What do you recomend us to do what ever is better for us. Tomasita” Don’t miss our free Get Out of Debt – “How To” Guide ... Read More »

American’s Freaking Out About Having Enough Money to Retire

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A Pew Research study just out paints a disturbing picture of what lies ahead for many in retirement. Let me summarize the results of the report for you, half of people better start enjoying dog food. According to the survey results, about four-in-ten (38%) adults says they not confident they will have enough income in retirement. That’s up from 25% ... Read More »

Should I Drain My 401K So I Can Pay Off Debt And Retire? – Cathy

justball-144x125

“Dear Steve, I am 65 yrs old, still working and my husband 71, retired. Our income is $51k (me), and my husband’s SS benefit of $10k. I used to have $250k Line of Credit/ c card debt. We’ve been diligently tried our best to pay and now the it’s down to $140k of Line Of Credit Debt on a home ... Read More »

Will Baby Boomers Have Enough to Retire?

justball-144x125

It’s no secret that the housing bubble and recession of the last four years has caused financial heartache for many of us. One group that has been especially hard hit is the baby boomer generation. For years boomers have believed that they would retire in their mid-sixties and enjoy their golden years playing golf and traveling. They planned to fund ... Read More »

Chances Are You WIll Live Long Enough to Be Broke

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Photo Credit: Rosie O’Beirne I just read that the life expectancy for people in the United States and Canada continues to rise. Seems like a real blessing, doesn’t it. We get to live a longer life. But how are we going to afford medical care and to feed ourselves if life far exceeds our ability to work and earn? Unless ... Read More »

More People Preparing to Eat Dog Food in Retirement

eatdogfood

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 »

Planning to Buy Foreclosed Nevada Home for Retirement. – Danel

justball-144x125

Husband is retiring next year. Plan to buy a foreclosed house in Nevada for retirement. My husband got meager amount of money saved at Tiaacref. He wanted to take out $80,000 from that retirement fund, give daughter $30,000 to buy her own house and use $50,000 to put down or buy a foreclosed house in Nevada. My question is: Can ... Read More »

All Aboard The Fraud Express! $1 Billion Ticket To Ride!

There’s not many fraud stories that cross my desk now that make me drop my jaw. I mean, really, a scam is a scam is a scam. But this doozy, oh this one has me sitting here looking like the kid from the Home Alone movies: hands flat on the sides of my face, jaw dropped and eyes wide. Charges ... Read More »

Chapter 7 – The Attributes of Internal Prosperity in Action

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Chapter 7 – The Attributes of Internal Prosperity in Action Brian and Nancy had lived a fabulous life full of everything everyone wants. They had beautiful friends, sensational parties, the right guest list, the right address and fabulous cars. And all throughout their marriage, life had been…great. Brian had spent many years working closely with his father and played an ... Read More »

Should I Draw On My Retirement Before or After I File Bankruptcy? – Ryan

justball-144x125

“Dear Lewis, Recently divorced, left financially and emotionally wiped out, decided to resign and take a year off for travel and healing. Currently have 40K in unsecured debt and about 7K in savings. Was planning on drawing on my retirement (about 50k) of it, to finance the upcoming year. Question is, can I file for chapter 7 bankruptcy, and still ... Read More »

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