credit: epicharmus Assuming you are investing for future retirement, you should seriously consider the Roth IRA (Individual Retirement Account). I am already a huge fan of the Roth, but as the national debt increases with federal bailouts and stimulus packages, the Roth is looking better all of the time. Let me explain. With the traditional […]
Readers’ Input Requested…Am I Too Tough on My Strategic Default Stance?
When I wrote the post What is “Strategic Default” and Should You Consider It?, I was tough on those who have used this tactic. First, a definition: Strategic Default, according to Wikipedia, is “the decision by a borrower to stop making payments (i.e. default) on a debt despite having the financial ability to make the […]
How Has The Economy Changed You?
A recent article in Money Magazine provided some interesting statistics. A group of people was asked how they felt the economy would impact their lives. From questions about children to retirement and family life, the results were interesting to read. 53% of Americans aren’t sure their kids will be better off than they are. How […]
Difference Between Debt and Deficit
I can’t tell you how many times I’ve heard the words debt and deficit thrown around on the news this year. It seems like every time I turned on the TV or read an economic article, people would make it a point to talk about our nation’s debt and the budget deficits. But what’s interesting […]
Why America Is Doomed to Debt
Fixing the national debt is not about politics or economics; it is about human nature.