Making You a Winner at Money and Life
Posts tagged as:
A 401(k) is NOT a piggy bank
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 nothing about money. Buy the book here (physical) or here (Kindle) and reach Greg at Greg at ControlYourCash dot com. [click to continue…]
{ 12 comments }
A friend recently sent me the following email:
“… here’s a question to challenge your finance column. I’ll make it a little hypothetical. “Our son graduated from 
college and is working to save money for graduate school. In college, he accumulated over $20000 in student loans (avg. 7%) and desires to pay them down ASAP by paying more then the minimum payment while at the same time saving money to attend graduate school. He recently found out that the company he works for has a matching 401K plan which in effect results in a 100% return. It so happens that a person can use money from a 401K to finance continuing education—paying a 10% penalty and normal income taxes. [click to continue…]
{ 3 comments }
