Once in a while at work I hear one of my coworkers talking about their retirement portfolios, usually about how badly it’s been hit the past couple of years. One particular time I was cleaning out my lunch dishes and was overhearing a friend and another coworker talking. Her portfolio had taken a hit (like … Read more
The Simple Dollar recently offered up a post on retirement planning for a low-income career, aimed at people like some of his friends who have “made the financially difficult choice to follow their heart” into careers that are very fulfilling, much needed and, perhaps consequently, low-paying. The advice he offers, in broad strokes, is (a) … Read more
As I was scrolling through my feed on Facebook I was intrigued by the title of this post over at Debt Free Adventure: Financial Retirement – How to Get There Faster The post slug suggests what the post is actually about: being a laborer vs. being a capitalist. The idea is to make the transition … Read more
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 this US Debt Clock … Read more
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 ends the post with … Read more
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 new. A synopsis of … Read more
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 lots and lots of regrets; … Read more
“For which of you, intending to build a tower, does not sit down first and count the cost?” Luke 14:28 First off, Happy Independence Day to my American readers. Happy July 4th to others. 😉 Gary North’s Tip of the Week (subscribe for free in the upper right of this page) was on outsourcing. He … Read more