Retirement

Reader Asks About Selling Home to Pay Off Debt

Readers sometimes ask for my advice, as in today’s post.  Although the advice I give might be worth what they paid for it, I strive to do my best.   Following is a copy of an actual email (without names), along with my response.  I would love to hear your thoughts on whether this family should [...]

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Should You Borrow From Your 401(k)?

Did you know you could actually borrow from your 401(k) or 403(b) and pay it back without penalty?

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Should Christians Use Faith Based Mutual Funds?

According to the Social Investment Forum, socially responsible investing (SRI) makes up over 12% of all U.S. invested funds. SRI mutual funds screen out investments in companies that are harmful to individuals, the community or the environment. With over 250 SRI mutual funds available, it’s easy to see how popular of a choice it is [...]

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How to 86 your 401(k)

  I want to thank Greg McFarlane , an advertising copywriter who lives in Las Vegas and Lahaina, for today’s guest post.  My hunch is that this post will whet your appetite for Greg’s recent book:  Control Your Cash: Making Money Make Sense, a financial primer for people in their 20s and 30s who know [...]

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5 Roth Conversion Myths

2010 is the big year for Roth Conversions. The $100,000 adjusted gross income threshold is gone forever,  allowing anyone at any income level to convert their traditional IRAs to Roths.   Also, for this year and this year only, Congress has made the conversion not so painful; you are allowed to report  half of the [...]

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How Do You Define Wealth? Hope for the Little Guy.

  Which of these two families would you consider to be wealthy?  1. Mr. and Mrs. Charles Bobbins. Charles is a forty one year old fireman. He and his wife, a secretary, have a combined annual income of $55,000 and a net worth of $460,000. Their low consumption lifestyle would enable them to sustain themselves [...]

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Should Senior Citizens Become Cry Babies Over Social Security Freeze?

Have you read the reactions of Seniors on the news that Social Security increases won’t happen next year? Here is a sampling:

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Five Steps Toward Automating Your Way to Wealth

Will power just doesn’t get the job done. Sure, on a day when you are feeling particularly noble you might set aside an extra $50 in your savings account or pay an extra $25 on that credit card debt. But, if you are like most of us, starting a plan and sticking with it gives [...]

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You CAN Afford That Baby – Ten Money Saving Tips

You have read those cost projections for raising children. MSN, back in 2001 projected a cost of $249,180 (over $350,000 in 2010 dollars) for a family with a $65,800 or greater income. The Baby Center web site tells us the cost of raising a child from baby to adulthood is $266,698. The Wall Street Journal [...]

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