People come to my office expecting to talk about making and saving money. But more and more lately, the conversations we have are about their need to get out of debt. I’m starting to see a trend of retirees, people in their early 60s and even mid-70s, who are in debt up to their eyeballs.
Daniel writes in with one of those reader mailbag questions that had an answer that kept growing and growing and growing until it became clear that it deserved an article of its own. Here’s the question: Hi! Struggling a bit with changing around my food budget and thought you might help. I have a “side
Then: Breighanne and Devon Eggert appeared in our December 2007 issue, when they were recent law-school graduates with $350,000 in student loans. They both landed jobs at Chicago law firms that paid well, and they continued to live like students, devoting more than half of their take-home pay to loan payments. Their plan was to
Quite often, big financial changes (or other life changes) can feel absolutely overwhelming or even impossible. When you have debt that’s bigger than your salary, it can just feel like this mountain that you’ll never overcome. When you read about the retirement savings that you should have in order to be able to retire, it
There is a misconception about newly-graduated millennials. The older generations would argue that millennials are having the time of their lives: living with little to no care, going to parties every night and eating delicious, unhealthy food. Though that may be true for some, the reality for most can be stark. For most millennials post
Are you saving for retirement? Great. Are you planning for retirement? That is even better. Planning for your retirement and other long-range financial goals is an essential step–one that could make achieving those goals easier. Saving without investing your savings isn’t enough. Since interest rates are so low today, money in a typical savings account