401 - Not OK?
The 401K is perhaps the most popular savings tool today. It comes with impressive sounding benefits such as ‘tax deferred savings’, and ‘no fee management’. Unfortunately, there are many factors you may not have realized when you signed up. Whether you currently have a 401K or are considering one, Jay Beattey’s book is a ‘must read’.
Look – debt is nasty stuff. After the ‘shine’ wears off of the stuff you bought – the payments linger and begin to smell – bad – really bad. Debt is a financial drag. It shifts priorities away from the things that are most important (like our families) – to things...read more
Recently, my daughter and her husband undertook a complete – and expensive – renovation of their kitchen. It was a long project – and with a toddler running around, the inconvenience of living without a kitchen was – well - a bit trying. What made it worse was that...read more
Who would have thought – way back in March when this whole thing took over our lives – that this tiny virus would still be impacting our lives so significantly at Thanksgiving? Well – here we are. So we’ve put together some year-end thoughts about how you might clean...read more
When a bank loans money – it charges interest for the use of that money. Think of interest as rent. Say we borrow $12,000 – and agree to repay it over 10 years at an interest rate of 5.46%. Based on those loan terms, our total interest charge will be $3,600, and...read more