“An investment in knowledge pays the best interest.” Benjamin Franklin said this, not me. And it’s a great quote. Remember that Franklin needed money for printing presses, so he went back to England and set up his “Payday Loan” company and raked in...
Most often people are told to maximize their 401(k) first before doing anything else. But I want to make a point that a person needs to be saving money into a simple interest-bearing savings account BEFORE they try to max-out their 401(k) investment account. Why?...
The retirement “red zone” is the age bracket of 55 to 65. It’s the last ten years before you plan to quit active work. This period of time is critical to your retirement success. If you lose money during this time, you may not have enough time to...
Recently the CEO of Mass Mutual Life was interviewed about what he saw happening with young people in the work force. He said they have become spooked and do not trust the stock market. He went on to say that these younger people are saving more money than any other...
Taxes have such a subtle, yet profound effect on our money. That’s why it’s important to organize retirement funds based on how those funds will be taxed (Money Mastery Principle 8). By doing so, it becomes easier to see how taxes will affect retirement money over...
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