Besides paying taxes and penalties, the worst part of doing this is sacrificing the miracle of compound interest. The money you cash out will never get a chance to grow. 35% of workers who left their previous employer did this last year. In a study completed by Fidelity Investments this could lead to sacrificing $470…

According to a study by Fidelity Investments, you should have saved : 1x salary at 35 3x salary at 45 5x salary at 55   Are you on track?

From the WSJ…   Meanwhile, there’s always the option of switching to higher deductible—increasing a homeowners deductible to $1,000 from $500, for instance, can save 25% on annual premiums, says Ms. Worters. That would amount to annual savings of $244.50 based on the national average premium of $978 in 2011, the latest year the statistic…

 The rule of 72 states if you divided 72 by your expected investment return, the answer will tell you how long it will take to double your money. For example if you expect an 8% return it will take you 9 years to double your money. You divide 72 by 8 which equals 9. This…

Many people will have a credit card balance that they pay 18% or more on interest each month. They may also have money in the bank earning zero. They will not pay the debt because they want the security of having cash in the bank. This behavior will cause them to lose 18% per month….

Reading a few of these books when you are young could have a profound effect on your financial  future. http://www.businessinsider.com/personal-finance-books-to-read-before-30-2014-2?op=1

 The United States has an epidemic. The name of the disease is financial illiteracy. Due to many reasons the majority of Americans would fail a basic test financial aptitude exam. One solution to the problem is to properly educate our countries youth, Three strategies are showing them their account statements, talking to them about money,…