The previous 2 parts of this blog focused on the decision on debt before you have taken it on. Many get confused by trying to use the same principles to decide how to treat debt they are already carrying. Whether it was a good idea or bad idea to take on the debt initially is not a factor in how to maintain it.
We have heard a lot of chatter recently about the Federal Reserve’s timing on the increase of their federal funds target rate. The media and many investors have been anticipating this increase for a while now. However, in September 2015, the Federal Reserve agreed to leave the rate unchanged.
I often times get asked the question “How do I make my money last for the rest of my life, especially if I live a long life”? This is a critical, personalized question, and especially crucial for women. Women generally live longer than men, so if a family runs out of money, it impacts the women most.