Inflation as Retirement’s Silent Killer
Here’s some eye-opening statistics for you: At a conservative inflation rate of 2.5%, your dollar today will be worth about 78 cents in 10 years. That same dollar will be […]
John and Jane Average
How much money does the average American earn? How much do they owe? And (since it’s the Tax Filing Deadline Day) how much do they pay in taxes? The Motley […]
Small increases in retirement savings go a long way
The chart below illustrates the difference between steadily saving 5% of income, and starting at 5% but increasing contributions 1% annually until the recommended goal of 15% of income. It […]
Financial Literacy Is a Lasting Legacy
Financial literacy involves understanding fundamental financial concepts, such as compound interest, the time value of money, the use of consumer credit, diversification, tax-preferred savings vehicles, consumer rights, and more. Having […]
Savings vs. Investing – Which is More Important?
Passing along this excellent article by Charlie Bilello. In it, he makes the case as to why focusing on saving is a far more powerful way to secure your financial […]