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When it comes to saving for retirement, time is an asset

As people save for retirement, they strive to determine how much they will need to maintain the lifestyle they live. However, saving up for retirement becomes more complicated as time progresses. People buy homes, while at the same time they are paying off student loans or paying for their children’s education. The kids sign up for chess, taekwondo or basketball and there are tournament fees and uniforms to buy. Simple living costs make it hard to save. How does one keep up with retirement savings? (more…)

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Borrow From Yourself

“A bank is a place that will lend you money if you can prove that you don’t need it.” 

-Bob Hope

It’s one of those classics that falls into the ‘It’s funny because it’s true’ category.

Really, it’s not funny.  But, it does seem to be true.  Since the Great Recession of 2008, middle income Americans are finding it harder than ever to borrow money from banks.  Tightened regulations implemented in 2009 are causing bank lenders to look for near perfect credit qualifications in order to make loans for mortgages, auto purchases and even for small business owners.  (more…)

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