Friday Bits: 6 signs you’re rich, even if it doesn’t feel like it

How do I turn my 401(k) into reliable retirement income? Most of us focus our time and attention on growing our nest egg during our career. By the time retirement draws near, many of us find that we’ve given little, if any, serious thought to the critical task of turning that nest egg into income we can count on to support us the rest of our lives.

The Impact of Student Debt on Retirement Savings According to www.usdebtclock.org, as of November 21, 2016, the U.S. national debt was approximately $19,865,000,000,000 and rising every second. In many ways debt has become commonplace for our country and citizens. The most recent data from the Federal Reserve Bank of New York states that as of June 30, 2016, the aggregate household debt balance is $12.29 trillion.

6 signs you’re rich, even if it doesn’t feel like it Here’s a key ingredient: live below your means. Living below your means is one of the major tenets of responsible money management: spending less than you earn, however much that may be.

Does Shopping at Costco, Sam’s, or BJ’s Actually Save You Money? In theory, a smart warehouse club shopper should be able to quickly recover their membership fee and begin saving money. The problem is that lower prices are not the only component in a money-saving equation. Paying less per item but throwing away half of what you bought, for example, does not count as saving money.

How vulnerable is your state to identity theft and fraud? Florida has the most fraud complaints per 100,000 residents, 1,510, 5.4 times more than in North Dakota, which has the fewest at 279. Hawaii has the highest average loss amount due to fraud, $2,555, 5.1 times higher than in Maine, which has the lowest at $501.

Year-end tax moves that could save you money The end of the year is approaching and between visiting friends and family and celebrating the holidays, your taxes may be the last thing on your mind. However, putting off tax preparation until later could be a costly mistake. While tax season doesn’t start until mid-January, if you want to affect the return you file in 2017, you’ll need to make some tax moves before the end of 2016.

Which insurance most car renters can just say no to Deciding whether to sign up for insurance at the car rental counter can be confusing. No one wants to be stuck with a big bill after an accident. But spending $20 or more each day for protection can be a waste of money.

The 15 US cities where residents have the healthiest finances Three of the top five cities with the most financially fit residents are in California, including San Francisco in the No. 1 spot.

How to Buy a House and Pay Off the Mortgage in Less Than 10 Years Buying a home is the biggest purchase most Americans will ever make, spending hundreds of thousands of dollars in one chunk. In addition, there are a whole host of associated costs — insurance, maintenance, taxes, furnishings, and on and on that make this a gigantic financial issue for all but the wealthiest of us. The impact buying a home can have on a family’s finances is enormous, so it’s imperative that we get it right.

 

 

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