How Much Money Do You Need For Your Retirement?

Few of us wants to think about our future; we want to live for the here and now. However, the here and now is what we need to think about because we’ll find the future upon us quicker than we were expecting it to be. Suddenly we might find ourselves not having enough money to live on, let alone in comfort, or at least in the manner we were living when we were earning our money.

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There was a report on our local news stating that most people who retire and had set up a 401K savings plan don’t have close to enough money to live the life they’re used to living. The average comes in around $149,000, which sounds like a lot of money until you think about just how long you might have to live off it.
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5 Things To Think About Before Declaring Bankruptcy

When you feel like you can’t pay your bills, the pressure is enormous; we’re all been there. Sometimes the pressure is so great that you don’t know what to do or where to start, so you don’t do anything. Trust me, that’s the worst thing you could ever do.

Bankruptcy
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At some point, when all seems hopeless, maybe you start thinking about bankruptcy. This can be a way of starting over, but bankruptcy of today isn’t like it used to be. You don’t always get everything taken care of; there are still some things you’re liable for, such as student loans and taxes. You also have to deal with that 7-year period of limbo, in some cases 10 years, where your life is pretty much on hold if you want to buy something but need credit to help you out.
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