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Your Money


Money can’t buy happiness but a well managed and secure

financial life can certainly help you do the things that make you happy. Gone are the days of living off pensions and social security. Modern retirement involves wise investments, diversified portfolios and your new best friend the financial planner. MySeniors promises to be a resource of useful advice and suggestions on how to put your money to work. You spent many years earning it so you should spend many years enjoying it.

Don’t forget that MySeniors is an interactive website. We encourage you to email our columnists questions. Each month we will select a few of those questions and post the answers.

03/24/2008 Ready, Set, Go: Get Out of Debt
If you are making only the minimum monthly payments toward your credit card debt, carrying a second mortgage, or both, it is time to regroup. Take action before eroding that nest egg. Here’s how.
 
03/24/2008 Ready, Set, Go: Are You Saving Enough for Retirement?
Chances are your savings rate was calculated some time ago with assumptions that have now changed. It is a good idea to periodically run the calculation with updated assumptions so that you can keep your savings rate on track.   Here’s how:
 
03/24/2008 Lower the Interest on Your Credit Cards

All those credit card offers you get in the mail want to offer you credit at a substantially lower rate than your current cards are carrying. Should you switch credit card companies and forfeit your credit history to a new company? Before making that move, try to get your current credit card companies to lower your rate. Here’s how.


 
03/24/2008 Is a Section 1031 Exchange Right for Me?
Cabin on the LakeYou can swap one piece of investment property for another and avoid paying the capital gains tax. Read on to find out if your property qualifies for the exchange and how you can make the exchange.
 
03/24/2008 Making Your Savings Last

ExpensesNow that you’ve retired you have all the time in the world to travel or to pursue hobbies and interests you didn’t have time for while working.  But leisure time costs money.  Read on for some tips on how to enjoy yourself without burning through your savings.