Plan Well, Retire Well 2014

You retired. Or changed jobs – maybe several times. So did I. And at many of those jobs, we had a 401(k) or some other type of retirement plan. If your account held less than $5000, you may have been forced to make a quick decision about what to do with the money. Otherwise, you probably did what...

A short while back I wrote about a co-worker's quest to pay off their credit card debts (a very worthwhile goal) and how she characterized it as being the "year of suck" because of all the sacrifices they were having to make not using as well as paying down their cards. Several of you wrote with...

Recently the Consumer Economics Team of Educators were discussing the Go Banking Rates Financial Tip Summer Challenge. They wanted to be apart of the contest but were unsure of what...

Last month, Americans were dismayed to learn that one of the biggest retailers, Target, had their computers hacked and the financial information of millions of customers was at risk for fraud. According to official releases from www.Target.com , payment cards (...

Diversification is the first rule of investing. You knew that, right? But have you thought about tax diversification? Yep. Smart investing isn't just what you own, it's where you own it and how it gets taxed when you take it out. From a tax standpoint, you have three different types of accounts:...

Do you have door weatherstripping that has been chewed off by a puppy? Do you have windows that don't seal completely? Perhaps you have holes going from the outside to the inside of your house from old pipes or wiring? If so, money is slipping out of your house! According to the U.S. Department of...

Earlier this year I wrote a blog post about creating a 2014 Financial Goal and I challenged our readers to write and share their goals with us. At the time of the posting, I deliber

It's happened to every one of us. Whether they were calling for you, your spouse or your neighbor down the street, we've all encountered the dreaded call from a debt collector. In a former life, I was a debt collector. Here are a few tips and tricks of the trade on how to deal with one if you ever...

The New Year often brings a feeling of renewal and rejuvenation. Most of us talk or even write down our resolutions such as "I want to lose 20 pounds" or "I want to eat healthier." But this year I want to challenge our readers to make a financial goal for 2014. Below are some tips to help you get...

Last month I wrote about Vacation Getaways and one of the options that I discussed was the concept of a "Staycation." So, what is a "Staycation?" A "Staycation" is a vacation in whi

Money is more than dollars and cents. We choose how we manage our money based on our personal values. Values help define who we are and what we do. During the holiday season our values about money are highlighted: how much do we spend on treats; do we use credit; do we give to charities? Many of us...

Congratulations to all new college graduates! Your accomplishment is significant and wonderful! Once you've had a chance to celebrate your accomplishment, the next step is to figure out how you plan to repay your student loans. Even if you can't repay now, you need to take steps so that you don't...

While I was in my 30s and 40s, retirement planning meant planning travel to exotic places! Oh sure, I'd need money for food and other basics, but mostly I was saving money so that I could do LOTS of traveling. But now that I'm in my 50s I realize that retirement planning is a little more complex....

Way back in July I first wrote about cutting the cord on our paid TV. I talked about looking at our options and deciding how we "use" TV and what we watched (what were must watch and what we had on just for background and distraction). Several readers commented on how they too cut the cord and were...

Before my fiancé and I planned for our honeymoon, we never realized just how much work goes into planning a vacation! Though it may not seem like it, vacation planning can become a time consuming and strenuous task. Whether it is a weeklong vacation, staycation or weekend getaway – without proper...

I was talking with a coworker the other day about her family's financial goals and plan for the coming year. "We have decided not to use our credit cards-we want to pay them off." Great plan I said but as she looked glum, I asked what was wrong. She replied that she and her husband were calling...

I come from a long line of habitual expense trackers. Growing up, there was always a legal-sized ledger book in the drawer. A new page was started for each month. Every receipt was entered. There were often a few loose receipts tucked into the book, waiting to be logged. When my mom passed away and...

Dear 17 Year Old Me, I am writing to you in 2014 and we are now 27 years old. A decade has gone by since I was in your shoes and I have some financial advice just for you. Although you may not understand it now, please believe me – I have your best interest in mind! Save Every Penny You...

A recent report by the Consumer Financial Protection Bureau (CFPB) indicates some of the business practices of large student loan lenders may be making it particularly difficult for borrowers to repay their loans. In the last year, the CFPB handled approximately 5,300 private student loan...