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Financial Wake-Up Call 3-19-2007

Financial wake-up call 83-Year-Old Builds Community Swimming Pool With Cans Collected Over 30 Years: Inspiration that shows that doing a little over a long period of time can add up. It’s also great inspiration that shows a single person can make a difference if they decide to act.

Don’t Let CDs Automatically Roll over: I’ve noticed a lot of financial articles that give both good advice and bad advice at the same time. This one is a perfect example. Yes, making sure when your CDs rollover that you are getting the highest interest rate and not the same rollover rate is good advice, but it would have been even better advice to move that money to an online bank that has more freedom and pays higher interest.

Cost-Cutting Can Ease Way To Retirement: While most of the information in this article is pretty basic, it highlights a truth that a change in life usually has a profound effect on ones expenses:

Lots of planners assume retirement expenses will be 75 to 85 percent of preretirement costs. Planners will assume, for instance, that mortgage expenses will end when the house is paid for, that kids will leave home and that you’ll no longer be socking away part of your income for retirement.

But the 75 percent-85 percent rule of thumb could be far off. And that could have a huge effect on your investing strategy as you prepare for retirement.

And for some more reading to get your week off to a good start, some carnival reading:

  • Capitalists
  • Debt Reduction
  • Green
  • Personal Finance
  • Taxes
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