I was wondering what your take is on borrowing from a 401K to pay off credit cards. Everything I’ve read says not to but 1) I have an interest rate on one card that is 27%; 2) I’d be paying myself back an annual rate higher than anything I’m getting now. So why not?
Take a Loan on your 401(k)? Read More »
I would like to take this opportunity to toot my own horn for a moment. I got a promotion and a raise! Yay! More money, more to do. Good times.
What To Do With a Raise? Read More »
We have talked about automatic investments many times on this blog. I am a big fan of setting up a system that takes money straight out of your paycheck and puts it away for the day you call it quits. However, people often get nervous about investing their retirement savings. I have a couple of
The Easiest Way to Invest for Retirement Read More »
I was on the phone a few days ago with a friend who just started a new job at a big computer company. This friend is a smart girl. She has a college degree. She knows she should be investing for retirement. In our conversation, it came out that she has not set up her
Starting Your 401(k) at a New Job Read More »
Many people are getting worried and are acting irrationally because of the current economic downturn. I have some advice for people. STOP FREAKING OUT! People freaking out is what causes economic downturns. Everyone hears things are bad so they stop spending. That causes a long chain of economic events that turn into a recession. Anyway,
Using Your 401k in a Rough Spot Read More »
Everyone keeps talking about how the economy is so bad and there is a big recession and the world is going to end. I would not say it is quite an apocalypse. All of the hype is half of the cause of problems. I don’t think we are in a traditional recession, I think we
My Tips in a Recession Read More »
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