Entries by Suzanne Kimball

Here’s How to Plan a Great Retirement

Hopefully you have a nest egg for retirement.  It should be growing as you save 10 percent of your income for life.  With the assets you have set aside for retirement, make sure you lock down some of that income… this is the first and most important way to plan for a great retirement. Second, […]

The High Cost of Not Tracking Your Spending

Spending according to a plan and then tracking that spending can be both pleasurable and rewarding when you know where and when you need and want to spend. You will be able to predict how much money you will need to retire, how much you will need in case of emergencies, and how much you can spend […]

Know the Rules of Credit Card Borrowing

The Federal Trade Commission (FTC) has said the following about credit card borrowing: Before you submit a credit application, get a copy of your credit report to make sure it’s accurate. Contact the credit bureaus because more than one credit bureau may have a file on you, call each until you locate all the agencies maintaining your file. The three major national credit bureaus are: EQUIFAX:  (800) 685-1111, www.equifax.com; […]

Understanding the Risk of Putting All Your Eggs in the “Social Security Basket”

Did you know that according to the Social Security Administration, by 2029 the Social Security trust fund will not have enough money to pay benefits to the wave of aging Baby Boomers? In 1951, there were 20 workers for every one person retired. Today the ratio is 1 to 1. A USA Today article also states that […]

What It Really Means to Have a Mortgage…

Did you know that the word “mortgage” is Latin and means “death grip?” So if you have a mortgage for your home, you are literally in the grip of death while you work to pay that thing off.  Scary, huh? Most people don’t think of house debt in such a way, since “everybody does it” […]

How Big Is Your Debt Problem?

Too afraid to find out? Well, knowledge is power and it’s always better to know how bad things are so you can make a plan to deal with them. Plus, the Power Down approach to eliminating debt gives hope and makes it possible in under 10 years to get out of ALL debt, including a […]

A Quick Overview of Financial Basics and How to Apply them in the Right Order

Many people get caught in the trap of wanting to do things out of order when it comes to finances. They are tempted to invest their way out of debt, for example, rather than getting out of debt first, then investing the interest money they save by being out of debt to make more.  Knowing […]