- Saving for Retirement-- The government wants you to save for retirement. When the government wants you to do something they "encourage" you by giving you a tax break to do what they want. When it comes to retirement they do this by allowing you to skip or defer paying taxes on money that...
- Plan for Retirement before you need to retire-- In America most people don't start thinking about retirement until they are in their 40s. The average American will retire with about $50,000 in assets. $50,000 is hardly enough to provide a decent income. While you are focusing on getting out of debt and trying to consolidate loans in order...
- Borrow from Yourself-- If you want to consolidate your debt by replacing multiple high interest loans with one low interest note, you have several options. One option that many people overlook is borrowing from yourself. Many retirement funds are setup where you can actually borrow money from yourself and pay it back on...
- Borrow Against Your IRA-- I've seen quite a few people looking for a way to borrow against their Individual Retirement Account (IRA). Most people will tell you that it can't be done, but there is one way to do it. It is potentially risky, but it give you a way to borrow money against...
- Can You Borrow Against an IRA?-- Many people who find themselves strapped for cash start eyeing their individual retirement account as a possible source of funds. With 401Ks and 403Bs you can sometimes borrow the money from yourself and pay it back over time. Obviously this is a great way to do a do-it-yourself debt consolidation...
- Borrow From IRA-- One of the most common questions we are asked is: Can I borrow money from my IRA? The official answer is "No you can't borrow from your IRA." The real answer is, "Yes there is a way to borrow your IRA money, but only for a short period of time."...
- When Not to Borrow Money-- You will never be able to be free financially when you are paying the bank 18% interest on loans for items that are worth less now than when you purchased them. If an item is going to go down in value, you shouldn't borrow money to buy it. This simple...
- About-- This blog provides ongoing strategies and pointers for reducing and consolidating debt. Check back often for the latest in news, tips, and opportunities to help consolidate and reduce your debt. This blog is a part of the Strategy Blogs network. Strategy Blogs provides high quality information on specific topics to...
- Dangerous Credit Cards-- One of the most important strategies in consolidating and reducing your debt is to keep your debt from growing. One of the fastest ways to increase your debt is through credit card interest. Credit card companies make money when their clients don't pay off the balance. While credit cards can...
- Tips to control your credit card spending.-- Keep a check register of credit card purchases. Start with an amount that you know you will have at the end of the month and don't go over it. Use a credit card for convenience, but don't allow yourself to "write a hot check" on the card.Track your credit card...
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