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The Broken 401(k) Solution

Over 5 years ago, I wrote Fixing the 401(k) loan. It was in response to the number 1 reason to avoid the loan, the fact that it’s a risk. One day, you are working, paying all your bills, funding your 401(k), and doing it all right. The loan was to clean up the 18% credit [...]

Leaving a Job? What to do with your 401(k)

I was listening to my local news station when a segment came on, a 5 minute bit of money advice with a local author and financial planner, Jonathan Pond. I like his conservative approach. What’s unfortunate is that a quick few minutes to discuss any financial topic is going to miss some important details. In [...]

Retired, With Mortgage

I’d always thought, and advised others, that to retire, one should have their mortgage paid in full. And that was always my own plan. But, anyone who knows finance knows that you can’t plan on an exact stock market return, you can’t plan on your own health being excellent, nor your marriage outlasting your mortgage. [...]

A 401(k) is not an investment

Have I lost my marbles? I hope not. Let me explain by starting with an analogy. There’s a difference between treasure and a treasure chest. It’s not just a pedantic picking apart of words. Not understanding the  distinction is costing people a lot of money. A 401(k) is a retirement account typically sponsored by an [...]

Save or Pay Off Debt?

If you read enough different Personal Finance blogs, you find that there are a number of popular recurring themes. Ways to save on various purchases, how to plan for retirement, etc. The one that’s been haunting me lately is, as the title today says, saving vs paying off debt. There are some obvious choices to [...]

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