” 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. “


” 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. “


” 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. “


” 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. “


” After two decades of personal finance reporting, I’ve heard every excuse in the book for not saving money. That said, none of them really hold up – at least over the long term. “


” 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. “



All 8 Jean Chatzky Quotes about Money in picture


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
There
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.
To bring down your credit card balances, write down the benefits of reducing your debt. No more gnawing feeling that you
After two decades of personal finance reporting, I
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
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