Some articles that caught my eye this week.
What could you accomplish with an extra $1600 a year?
There are many kinds of insurance that are critical: a good term life policy, health insurance, home and auto insurance, long-term disability. But there are also lots of types of insurance that are really just rip offs.
I love the Roth IRA. It is a terrific way to save for retirement. While you do not get an immediate tax benefit, you might save tens of thousands or even hundreds of thousands of dollars in the long run.
Your bank accounts are insured for up to $250,000 by the FDIC (NCUA if it is a credit union). It is important to understand though what is and what is not covered by the FDIC.
Did you know these 5 items were taxable?
Hopefully, none of you are currently dealing with debt collectors. If you are though there is power that comes from knowing your rights. There are federal laws that govern what collectors can do. Unfortunately, some collectors (especially some credit card collectors) don’t obey those laws. If you owe a debt you need to do what you can to pay it, but you do not need to be abused.
Fun link of the week:
Saw this video this week. Not financially related but if you are a Christian I think you’ll find it very amusing and perhaps just a little bit disturbingly convicting.