Today’s Debt Free Story comes to us from a reader in Iowa, who paid off her debt to make retirement a reality. I appreciate her taking the time to write her story and for allowing me to share it with you. How one couple became debt free to retire Tell us about yourself. I am 64 and my husband is 67. We live in Iowa. My husband has been retired for a little over a year. I am still working 3 days per week. How much debt did you have? We have always had mortgage debt until 2 years ago....
Moving abroad for your retirement years can be an amazing experience. However, to what extent do you consider how much this will affect your pension? For many British expats the reality is that the impact can be quite significant. In total, around £10.6 billion is lost from British pensions. As this infographic created by HiFX points out, expats living in South Africa are the best off while those living in Switzerland experience the worst impact. It’s important t be aware of the implications of moving abroad when it comes to claiming your pension, but there are things you can do...
What does national financial literacy month mean to you? Well for my wife and I, we have set up a plan to pay down some of our debt. We have accumulated some debt over the past few years. It was by choice so that she could stay home with our two beautiful children. I wrote a post the other day asking you to take a moment to review your situation because April is National Financial Literacy Month. Did you take a few moments to see where you stood? Are you going to do anything about your situation? Our goals are...
What a great success the Roth IRA Movement was. In a few days we are going to enter National Financial Literacy Month, what a great month to celebrate it, ohhhh the coincidence it also happens to be my birthday in April too! National Financial Literacy Month came about in 2004 when the Senate passed Resolution 316 which officially recognized April as my birthday National Financial Literacy Month. Originally started as youth financial literacy, it was realized that we all need to be well versed money and personal finance. For my Canadian friends sorry we will have to wait until November...
Shhhhhhhh…..can you hear that….that’s right baby it’s the Roth IRA Movement. So here is how the movement got started; Jeff Rose went to speak at his alma mater and polled the soon-to-be graduating seniors, and not a single one of them raised their hand when he asked if they heard of the Roth IRA. Here we are today a group of about 150 bloggers preaching to the nation and hoping they listen. For my friends following along on twitter it’s: #RothIRAMovement In case you were one of the ones polled, here is what a Roth IRA is: The Roth IRA...
Sure we would all choose take it today, but there is a finance theory behind why you may want to take it today. Ever heard of the expression a dollar today is worth more than a dollar tomorrow but less than a dollar yesterday. Well if not, now you have today we look at the time value of money. What the time value of money calculation and the principle means is that a dollar today is not equivalent in value to a dollar tomorrow or a dollar yesterday. It is a very simple principle to understand, but can have big...
