PRETIREMENT Stage A – The 7 years before actually laying down the shovel and sleeping in.*Study everything you can find. Make sure your investments are balanced. Make sure your types of accounts are balanced. Double check your future needs and wants. Stay married or get married (it can be a financial boost). Consider MOVING to another state… (FL, MS, PA, …
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GUEST POST from Don – Sinking Fund
SINKING FUND Businesses and organizations often create “sinking funds.” That’s a fancy way of saying “We’re saving up for a huge expense.” This they do to reduce future financial problems, such as needing so much cash they have to take out a loan. It also saves them on interest (business loans are a higher interest rate than …
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GUEST POST from Don: Negative Equity
NEGATIVE EQUITY FACT: Nearly 25% of new car buyers right now are trading in a car that is worth LESS than they owe (the average is $6,000 upside down). Don’t be one of those! If the bank will allow you 6 years…don’t take it. Pay it off in 5. If you can’t afford to pay it off in …
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GUEST POST from Don: The I.R.A. Problem(s)
THE I.R.A. PROBLEM(S) I don’t know everything that I should … which causes me to suspect there are others who also don’t know. I could be wrong. But I can’t imagine how, then, it hurts to remind them. Here goes… An IRA, Keogh, 401k, or SIMPLE (or other similar) retirement plan is a very good idea which can turn …
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GUEST POST from Don: Unconscious Views of Money, part II
UNCONSCIOUS VIEWS OF MONEY, part II Last time Bat Man was at risk of being separated from himself. Will he survive the buzz saw? We said that your view of money may be unconscious. It is hidden from casual view. However, that does not mean it cannot be discerned. Second, we said that your view of money can hurt …
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GUEST POST from Don – Dec 31, 2023 Edition: Unconscious Views of Money, Part I
UNCONSCIOUS VIEWS OF MONEY, part I Many articles talk about the “4 unconscious views of money.” I read a few and came away dissatisfied. It only took a few minutes to figure out what was causing that lack of ease. They missed two more underlying views. Why? I have some guesses … the first missed view is represented by a …
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