Don't Max out Your 401(k)

If you were to get on the Internet and poll the financial
gurus, the message you would get load and clear is: Save
Money.
No matter how much you've saved, you will be woefully
short when you get to retirement.

The first suggestion of these pundits? Put money in your
401(k).
(I will use "401(k) as a surrogate for all retirement
savings plans: 401(k), 403(b), SEP, SIMPLE etc.)
I'm not against 401(k)s. Actually, I'm a big fan. However,
I
think the advice is wrong.

Here's my message: Save 10% of your income. Put your money in
a savings account. This will become your emergency fund.
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Wall Street Journal Weighs in on Real Estate Prices

The WSJ weighs in on how real estate prices are doing around the country:
Home Sales All Over the Map

And how mansions are doing versus the rest of the housing market:
High-End Homes Frozen Out of Budding Housing Rebound
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Clunkers Getting More Cash?

Cash for Clunkers is such a success that the money seems to be running out. Figure out what to do next... Read More...
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Cash for Clunkers Details

Thinking about buying a new car? Got an old one with low gas mileage? The “Cash for Clunkers” program that started this week might be for you! Also check out general financial wisdom for buying a car. Read More...
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How to Think about Real Estate Prices

Confused about real estate prices? Is now a good time to buy? Is real estate ready to rebound? I don’t offer predictions, but I do offer a way to think about real estate..... Read More...
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Bert Whitehead Weighs in on Madoff...

Bert Whitehead writes about how to avoid Madoff-type schemes, as well as other traps and rip-offs. Don’t let you or someone you know fall prey! Check out Bert’s Blog.

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Wall Street Journal Weighs in on Refinancing

Following up on my post about what to ask mortgage brokers, the Wall Street Journal has an interesting article on the current state of mortgages. A Battle Plan for Refinancing Your Mortgage
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6 Questions to Ask Mortgage Brokers

Refinancing or buying a new home? Make sure you ask the right questions of your mortgage broker BEFORE you get started. Read More...
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Don't Let Madoff Happen to You

Madoff used specific techniques to hook investors. Being aware helps! Read More...
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Save Money While On-line Shopping

Save money by looking for coupon codes online. Read More...
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