My take on the “appeal” to invest in Gold
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Archive for October, 2009
Your 401(k) could supplement, but not replace your retirment income planning. Here’s why...
The Financial Media is always looking for the next “Hot Tip”, listen to Mark’s response to Alexis’ question.
You know the “Itch” right? After the new car smell fades and the tires have been replaced, the “itch” for a new car surfaces. My wife still gets that itch and it took awhile to learn to say “No.”
If you took a moment and considered what the money you are now spending on car payments can do for you in the future, you just might hold onto that vehicle a little longer.
By paying yourself that car payment (Once the loan is paid off), say for example, $500 a month at a conservative rate of return of 6%; you would have over
$84,400 in your account after 10 years!
When we consider that the average person between the ages of 48 and 62 has less than $60,000 saved up for Retirement, $84,400 makes a huge difference.
Something to think about……..
