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Archive for March, 2010

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Better Get to Saving if You Want to Become a Millionaire

Wednesday, March 31st, 2010

Going back to 1926, the average monthly total return for the S&P is .78%. When you factor in inflation, that number drops to .53% per month*. To put that in perspective, had you been able to invest $1 in the S&P at the beginning of 1926, it would have been worth $2,424.82 at the end […]

Retirement Plan Assets by Age

Monday, March 29th, 2010

As several people pointed out, there was a flaw to the information source in my last post. I went back and found plan balances by age range. The only problem is, these balances are as of the close of 2008. Most likely, these numbers would be significantly higher (or at least I hope they would […]

77% of American Workers Have Less Than $100,000 in Savings & Investments

Monday, March 29th, 2010

I spent some time this weekend reading over the Employee Benefits Research Institute’s 2010 Retirement Confidence Survey (PDF). This graphic found on page 16 of the report worries me: Seventy-seven percent of American workers have less than $100,000 in savings and investments. Only 11% have more than $250,000 in savings and investments. Even more troubling […]

This Probably Comes as No Surprise…

Friday, March 26th, 2010

From Bloomberg: More than half of U.S. borrowers who received loan modifications on delinquent mortgages defaulted again after nine months, according to a federal report. The re-default rate of loans modified in the first quarter of 2009 was 51.5 percent by the end of the year, the Office of the Comptroller of the Currency and […]

Rush – “Something for Nothing” Lyrics

Thursday, March 25th, 2010

There’s a good message in these lyrics and one of the reasons why I love Rush: Waiting for the winds of change To sweep the clouds away Waiting for the rainbow’s end To cast its gold your way Countless ways You pass the days Waiting for someone to call And turn your world around Looking […]

NY Times Editorial on the Passage of the Health Care Bill

Thursday, March 25th, 2010

I was out of town for the first part of the week. I went to San Antonio for a few days with the family. I was there when the health care bill passed. I picked up a copy of the NY Times (the official paper of the left) on Monday, which contained an editorial praising […]

What to Do If Your Medical Bills Go to Collection

Thursday, March 18th, 2010

This is a follow up to the guest post from two weeks ago, which you can read here. Thanks, Don, for your work on this. When your medical bills go to collection. As a rule, you do not want you medical accounts to go to collection. However, it is my experience that even if you […]

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