Folks have been very generous in sharing money mistakes. At the work shop last week folks shared some interesting mistakes that many of us have made.
The lifestyle portrayed for a 30-year-old single is one of extravagance. Dinners out, clubbing a couple of nights a week, trendy clothes, gym membership and SUVs, great vacations and upscale apartments. Can you afford all that?
These are money mistakes employees often make with their retirement plans.
In speaking at a workshop last week, I was very surprised at how few of the attendees had checked their credit reports after the recent Equifax hack.
When you own an asset such as a retirement plan, an annuity, or life insurance, you get to decide who should get that asset if you should die
Here again some listeners tell of getting screwed. They borrowed from their plans, left their employment, and the money was owed back within 30 days or it became a withdrawal.
Just for the record, I’ve made my share of money mistakes. No one does it right all the time.
We are all going to die. We just don’t know when. So it’s not what you have done, it’s what you didn’t do that your heirs will regret.
For the most part money mistakes are self-inflicted wounds!
If your kiddo is in high school you may not have much time to fix this money mistake.