Time Value of Money
Avoid Cashing Out Your 401(k)
Sunday, July 13th, 2008Check out this quote from a recent Wall Street Journal article by Andrea Coombes:
…about 40% of workers in their 20s and 30s said they had cashed out their 401(k)s or 403(b)s when they switched jobs, according to an online survey of about 1,200 people conducted in January for Fidelity Investments by CMI, a research firm.
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College Funding Math - Part 2
Tuesday, February 21st, 2006With the last post, we figured out that four years of college was expected to cost $105,655. Now we need to know how to reach that goal.
How to Calculate the Time Value of Money
Monday, December 12th, 2005It is amazing how the math we all thought was useless back in high school is really pretty useful today. Understanding mathematical concepts is very important in understanding personal finance. It is also very liberating to be able to do different “complex” calculations with the aid of a spreadsheet.