Don’t Mess With Your Nest Egg.
July 3, 2008
On this day before those of us in the U.S. celebrate our freedom, there’s a great threat out there to the foundation of our financial freedom - our nest eggs.
You see, a lot of us are digging into our nest eggs to help us through these bad times. And that’s not good.
This is the subject of a great article I read today by Robert Powell on MarketWatch.com.
Rob warns us against 3 common mistakes a lot of us make with the money that’s supposed to set us free and at least support us through retirement, if not also being left as a legacy to our heirs.
These mistakes include:
Retirement Accounts
Don’t stop contributing to your 401(k) and don’t cash-in any or all of it.
Life Settlements
Don’t cash-in your life insurance for a “life settlement”.
Reverse Mortgages
Don’t try to cash-out on your house with a reverse mortgage.
For each mistake, Rob looks at both sides of the issue and gives it to you straight. So, check it out. It could be the best thing you can do for your freedom this July 4th weekend.











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