At Suburban Dollar, Kyle reminds us that Base Salary Isn’t Everything. Between, 401(k) match, pension (perhaps), and a nice list of other benefits, we can see that salary is just one component of our compensation.
Debt Hawk takes another crack at the Flat Tax. I’m always interested in reading about this when the topic is raised, unfortunately, I think it’s very unlikely for it to ever pass. No flat tax in my future.
On My Super-Charged Life I read A Debt Free Manifesto – 10 Common Sense Reasons To Live Debt Free. Just when I think I’ve heard every spin on why one should avoid debt, another post comes along with a new twist. Good reading.
I saw an article at Bankrate asking Could you be saving too much? It quotes Harvard University economist David Laibson as saying, “About 10 percent of the population is accumulating too much retirement savings in the sense that they could have saved significantly less and still retired with enough resources to continue in the lifestyle they enjoyed during their working life.” I tried to find other citations from Prof Laibson, with no success. I find such unsubstantiated generalities with no link to any data to be curious. I’d bet that in any given group 3/4 believe themselves to be above average. Are this many people really over-saving? I doubt it.
In a view that’s the exact opposite of the above, Free Money Finance is convinced that Americans [are] Not Ready for Retirement. I agree that most of us are not going to be ready, the risk of over-saving is one that few need to worry about.
Adam Baker now staff writing at Get Rich Slowly, wrote about The Curse of a Big-Win Mentality. As I’ve come to appreciate, Adam once again offers an interesting spin on the the idea that one needs to take advantage of small wins as well as the big. He suggests that balance is key, not ignoring one for other.
And last, for today, 7 Tips to Achieve Retirement Success from Redeeming Riches. The post starts by reminding us that retirement is a marathon race, not a sprint, and the post continues with advice to help keep you on a path toward long term success.
Have a great week ahead.