Last night I was trying to figure out what the balance on one of my credit cards that I had done the transfer for my unsecured student loans was and I found out that it was much less than I thought. Originally, I thought it was about 1600 and then on the voice machine it said that it was only 890 dollars. I was pleasantly surprised. I somehow thought that it would be more than that but I must have made some payments in there somewhere that really knocked the balance down. So finishing that bill off should be an easy feat for the second half of this month since there seems to be quite a bit extra in the checking account right now. Once that is done, more than half of the balance of that loan will be paid off. Now I just need to get my No Credit Needed chart updated again. :)
This morning I've watched an interesting video on Consuelo Mack: WealthTrack. Here, Consuelo's guest, a longtime contributor, Christine Benz, a personal finance expert from Morningstar joined Consuelo for a discussion on issues related to retirement, in particular in the current market environments. This conversation is even more interesting against the backdrop of The Great Resignation. I found Christine's advice to be particularly interesting on a couple of fronts. Her advice in dealing with talking about retirement in general, in particular for people who are in the process of thinking about retiring early gave me pause. She is considering the traditional advice of a 4 percent withdrawal rate to be dangerous and indeed, actually concerning. According to the recent research she cites, a 3% withdrawal rate is a better option. Even more than the four percent rule, I think that her comments on annuities are particularly interesting. While annuities have been given a bad nam
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