Famous quotes by Famous people

” Whether it’s fly-fishing, taking your camper to the Everglades, or just traveling, everyone has got a little retirement dream. “

” The older you are when you buy an annuity, the shorter your life expectancy will be – so the greater a monthly paycheck the same sum of money will buy you. When interest rates are higher, the size of the paycheck for the same sum of money will rise also. “

” Many people focus on the 4 percent rule, which essentially says that as long as you withdraw no more than 4 percent from your retirement accounts each year, the money should last you 30 years. “

” Just because someone will lend money to you doesn’t mean you should borrow it. “

” You’ll get the biggest bang for each buck by paying off the highest interest rate debt in your portfolio first, while making minimum payments on the remainder. It’s called the avalanche method, and it gets you out of debt cheapest and fastest. “

” There’s a laundry list of reasons why not to borrow from your 401(k). While the money is on loan, it’s not working for you – and if you leave your job, you’ll have to pay it back in 60 days or treat it as a taxable withdrawal. “

” If you’re closing in on age 62 and intend to apply for a former spouse’s Social Security benefit, don’t remarry. You have to be single at the time you apply. “

” Being charitable provides a boost to your psyche that is tough to replicate in any other way. But note that although any charity will happily take your money, you can give in other ways and still reap the same happiness reward. Volunteering and donating your old or unused belongings have the same result. “

” One way to make sure you don’t lose assets in the future is to streamline your accounts. Consider using one bank for all your banking needs and one brokerage firm for all your investments. “

” One of my rules is: If it’s good for the planet, it’s usually good for your wallet. “

” Whether you’re replacing one appliance that’s seen better days, or many because you’re moving or renovating, you probably know to look for the Energy Star label. That’s good advice. “

” To bring down your credit card balances, write down the benefits of reducing your debt. No more gnawing feeling that you’re throwing money away, perhaps. More money flowing to other financial objectives. Then consult the list when you have doubts. “

” Once you’re retired and are no longer counting on earned income to live on and supplement your nest egg, you’re done with disability insurance. At that point, though, the need for long-term care insurance – which protects you from spending that nest egg too fast – takes over. “

” Web banking lets you monitor your spending, tweak your budget, schedule payments, and more, particularly if you marry your online bank with the personal-finance management tools available online. “

” If you have had the same dishwasher for 10 years or more, don’t bother repairing it. The average dishwasher is expected to last nine years, and you’ve most likely squeezed as much life out of it as you can. “

” Where wealth is concerned, individuals aren’t stuck in little boxes. You don’t start out wealthy, stay wealthy, and end wealthy. “

” Automate your savings so that you have money taken directly from each paycheck and deposited into a 401(k) or other workplace retirement account. If that’s not an option, automatically have money transferred out of checking into savings each time you get paid. “