Start a Retirement Fund Now!     Start a retirement fund.  If you work for a corporation that has one, use the 401(k) plan.  If employed by a firm with no pension plan, open an Individual Retirement Account.  As a rule, both the contributions to these plans and the earnings are untaxed until you withdraw […]

Living Far Below     The only way for you to provide for your later years is to live below your means.  If you want to have any hope of achieving financial independence you must live far, far below your means.  This is not a difficult concept to understand.  Although it is very simple, few […]

  “Preparation for old age should begin not later than one’s teens. A life which is empty of purpose until 65 will not suddenly become filled on retirement.”   Dwight L. Moody (1837-1899) Founder of the Northfield Schools, Moody Church, and Moody Bible Institute     Your thoughts on this subject?  Your comments appreciated!   […]

Retirement Issues & Musings & Random Thoughts I’ve created numerous budgets for possible retirement scenarios.  The one thing that seems to always jump out at me, is that I need to work more, save more, spend less and prepare for the unexpected. For all of you who are in the state of denial, consider these […]

Build a Huge Nest Egg     You can build a huge nest egg for your later years simply by living below your means.  Does it mean driving a car that should be abandoned in a junkyard?  Not really.  Does it mean eating oatmeal seven days a week and drinking only water?  Not really, but […]