Archives for April 2007

Apr 30 2007

Rollover Your Retirement Plans – Don’t Touch the Money!

ShareTweet The other day a buddy of mine was asking about what to do with his 401k – he had recently switched jobs and wanted to move all of his money from the old company’s plan to the new company’s plan. Simple enough. However, when he told me how he planned to do this, I […]

Apr 28 2007

Why the “10% Rule” is Actually a Good Thing

ShareTweet The other day I was reading an article by Walter Updegrave, Money Magazine’s senior editor, in which he states that the “10% Rule” – the notion that you need to save 10% of your salary each year in order to have enough money when you retire – isn’t a very good savings plan. Updegrave […]

Apr 24 2007

Most People Believe They Are Fiscally Responsible

ShareTweet According to a recent poll on Saving Without A Budget, nearly 60% of people believe that they are doing a good job with their personal finances and would deem themselves “fiscally responsible.” When asked, “do you consider yourself to be fiscally responsible,” 59% of respondents stated that they are fiscally responsible, 38% stated that […]

Apr 23 2007

The Squeaky Wheel Gets the Grease

ShareTweet This past weekend, aside from enjoying the nice weather, I did something that I’ve done before – I went back to a company that had “done work” for me, told them that I wasn’t satisfied with their work and that I would like to be reimbursed for the costs I incurred for fixing their […]

Apr 22 2007

Financial Urban Legends Dubunked

ShareTweet The other day I came across a rather humorous/somewhat scary article on MSN Money regarding common financial urban legends. I thought the article was funny because so many of the situations were completely absurd and unlikely. However, the scary part is that many people actually believe these urban legends to be true statements. Considering […]