Len Penzo had an excellent post he first published two years ago, 9 Important Money Tips Every Dad Should Teach His Kids. A great way to start the Father’s Day festivities. Nice work Len. Letterman would be proud of you.
Ninja explained why, “I might take out a $30,000 401k loan just to piss some of you off.” Not me. Time would tell if this was a good move or not. You see, he can borrow at 1.75% which is a bit of a savings from the 4% mortgage, but far less than the long term 10% market return (or 12% if you are a fan of the David.)
At Money Crashers, 7 Legitimate Reasons to Delay Saving for Retirement, an interesting spin on why not saving isn’t always irresponsible. In fact, sometimes it’s the wise this to do.
Will Social Security be gone before I retire? Now, that’s the question. And the answer is part of a full discussion at Five Cent Nickel. A good read that may help put your mind at ease.
And last, Finally, PROOF That Costco Prices Are Cheapest. I’ve written now and then about Costco, but now, my friend at The Wealthy Turtle offers data, hard proof that Costco is a winner.
Happy Father’s Day!