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What Makes a Saver?

Prairie Eco-Thrifter

A smile or a word from a parent or teacher, seeing someone enjoying their savings, a chance combination of a happy conversation, a sun shiny day and an increased amount in the piggy bank – all may result in one child’s brain being wired towards the pleasure of saving. Included here is peer pressure.

Making 124
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Seniors – Keep Your Allocations

Prairie Eco-Thrifter

What YOU need in YOUR asset allocation model may well be very different from their generic recommendations. Examples of financial advisor suggestions that would have steered my family wrong: An estate trustee at a bank recommended selling off Chevron stock that my Aunt owned “because it is too risky”. I’m keeping my allocations.

Money 170
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Investment Methods

Prairie Eco-Thrifter

When I retired, I used this method to re-invest the proceeds from my company 401K (that I had rolled into an IRA). It caught me by surprise that the stocks/mutual funds in which I invested while in the 401K could not be transferred in kind to my IRA. Instead, they had to be sold within the 401K and the proceeds reinvested in the IRA.

401K 100
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How Long Should You Keep Financial Documents

Family Balance Sheet

Bank Statements - One nice thing (among many) about the electronic age is that banks keep statements online up to a couple of years. Our personal bank has statements online all the way back to 2006. Keep the quarterly statements for your 401k or other IRA accounts until you receive the annual statement.

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Should You Invest In A Rising Market?

Prairie Eco-Thrifter

.” Rice Edelman (of Edelman Financial Services ) reported a similar prediction by Jeffrey Hirsh that the Dow will reach 38,820 by 2025, saying: “Hirsch is editor-in chief of Stock Trader’s Almanac, a well-known publication within Wall Street circles. My Predicament. I retired in 2010 (yeah!).

Economy 187
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P.E.P. for the Week of January 24-28, 2010- Adjustment Edition

Prairie Eco-Thrifter

Well, I signed up for 2 of the 3 I need to complete which are to take place this weekend and one other weekend in February. Well, plans have had to change. Moolanomy tells us how we can reach our savings goals by using virtual bank accounts. Personal Finance by the Book askes if we should borrow from our 401K?

January 124
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Carnival of Personal Finance #316- Family Edition

Prairie Eco-Thrifter

Crystal from Stupid Cents talks 401k Allocation and where to put your money. Glen Craig from Free From Broke asks Are Banks Ratcheting Up Their Profiling Efforts? , “In family life, love is the oil that eases friction, the cement that binds closer together, and the music that brings harmony.&#.