2008 was one of those years where saving and investing part of your paycheck was an uphill battle for many. Contributing each pay period to your 401(k) and then seeing your statement with a lower balance than before is downright discouraging. Nevertheless, you need to keep socking it away. You under fifty-somethings don’t want to have to depend on a Social Security check for your retirement. I’m not saying the check won’t be there. But it may be smaller and less able to meet your retirement needs than it is for your parent’s retirement. Continue Reading…
40-Somethings, Mind Your Parents!
Remember back as a youngster when you got that first job and started earning a few bucks? My first job was an entrepreneurial effort at raising fishing worms. It’s a tough job digging worms. They grow even lower than cotton and your back starts hurting pretty quickly. I then moved on to the big money of drilling water wells — $15 per day and all the water I could drink. Continue Reading…