Archive for the ‘Retirement’ Category

Here’s the one thing you can absolutely count on in this economy

Wednesday, October 28th, 2009

This economic downturn hasn't been kind to a lot of people.  Jobs that haven't been taken away from people have had their hours cut, their workload increased, or their cost of living allowances taken away.  Jobs that people used to be able to count on are on very fragile ground. If ...

Don’t worry about not being able to contribute more to your 401(k)

Monday, October 19th, 2009

Sun's Financial Diary reported that the 2010 contribution limit for 401(k) accounts will remain at $16,500.  The announcement came from the IRS Thursday.  There had been speculation that the contribution limit could be reduced in light of a decreasing CPI (and, indeed, the CPI is down from a year ago.) Sun ...

News flash: Dave Ramsey’s stock market defies the law of gravity!

Sunday, August 30th, 2009

Over at the MBN Forums there was some discussion about a short video presentation called Drive Free, Retire Rich over at Dave Ramsey's website. The first part of the presentation (up through Slide 11) was very well put together, and showed perfectly the value of buying used over borrowing and buying ...

Don’t fear hyperopia and go into debt

Wednesday, July 22nd, 2009

This month's Wired magazine (subscribe) had a review of a couple dozen rules for tech-savvy folks, and one of them dealt with the subject of hyperopia.  Hyperopia means "excessive farsightedness" and describes people who sacrifice today for gain tomorrow more than most people do.  The negative consequences of hyperopia are ...