Retirement, Budgeting, Buffett on Indexing, and more bits…

Today’s interesting article have to do with retirement: Can you retire at 65; asking for a discount when shopping; easy ways to create a new budget for yourself; inability to pay off old debts and the ramifications therein; Warren Buffet and Charles Schwab chime in on indexing.

The Perils of Retirement at Age 65 Age 65 is the year we traditionally associate with retirement, but this age is declining in significance. Only one major retirement benefit still kicks in at this age, and plenty of people aspire to retire at both earlier and younger ages. Here’s a look at why age 65 no longer resonates as a target retirement age…

The Art of Asking for a Discount Does it feel weird asking for discounts or perks? Does it make you nervous? I definitely feel weird about it. I don’t want to be seen as a penny-pincher, or cheap. But given my place in the world, and what I’m making, I don’t think it’s inappropriate to ask for perk here or there. Quite frankly, I rarely do it. But it’s something I take pride in and encourage people to do now and then.

6 Ways to Ease the Pain of Crafting Your First Budget Budgeting can be painful, especially for families just learning how to do it. That might explain why only 32 percent of households craft detailed monthly budgets, according to a Gallup survey. Here are six ways to ease the discomfort and shock of going on a budget and taking back control of your family’s finances.

What Happens If I Never Pay an Old Debt? Maybe you can’t pay. Or maybe you won’t pay. Either way you have an old debt hanging out there. What if you just decide to let it go, and do nothing about it? That’s what Credit.com reader Dave, who says he can’t afford to pay off the old debts he owes, asks…

Listen to Buffett and Schwab: Be an indexer Chuck Schwab, founder of Charles Schwab & Co., talked last week about the power and importance of indexing , suggesting that low-cost diversified funds that track indexes are the best approach for 95% to 98% of Americans. A few months ago, one of the few investment icons actually bigger than Schwab, Warren Buffett, revealed that if his wife survives him, his estate plan will recommend keeping 90% of her inheritance in the Vanguard Index 500 fund, with the rest in short-term government bonds.

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