Getting the Most Interest for Your Money
Retirement Age Workers Are Not Retiring
401k In-Service Withdrawal: Good Idea or Bad?
I recently ran into a situation where an employee withdrew money from their 401k in order to buy a home that he had been renting. Certainly, owning a home is part of the American dream, but is it a good idea to use your retirement savings? In this case, he took an ‘in-service withdrawal’ instead […]
Early Withdrawal From Your 401K
Simple Money Management System
New Rule: Pay Off Your Home Mortgage!
For as long as I can remember, having a home mortgage was considered ‘good’ debt. The reason was that you were borrowing money to buy something that’s expected to increase in value…AND you received a tax deduction for your interest payments! What’s changed? In 2017, 32 million taxpayers were eligible for the mortgage interest deduction. […]
Paying Off Your Home Mortgage
Setting Priorities as a Young Couple
For young couples, it is often hard for them to make sense of the various financial challenges they face and to set priorities. While each person is different, below are my Top 5 Priorities for Young Couples! Improve Emergency Cash Situation A typical rule of thumb is to take your monthly income and multiply that […]
Top 5 Priorities for Young Couples
Why I Prepaid My Funeral Expenses
Most people don’t think about their own funeral expenses…ever! It’s only after they die that another family member steps up and handles the details, often under emotional duress. Personally, I’ve had two experiences that shaped my decision to prepay my funeral expenses: Story #1 Years ago the wife of a friend of mine, who is […]