Not Too Late To Get Your Nest Egg Rolling

If you are like most people, you are behind on saving that retirement nest egg.  It's not too late but you have to get rolling, asap.

To get a picture of where you are now, no need to pay someone for what is a few simple calculations that can be done in five minutes.  I call it the realistic retirement calculator at the top of the page or here.

Here are few things you can do to get rolling;

• track your spending, use a credit card for everything one month and you will see what you really are spending and I will be you it's alot more than you think
• automate your savings into your 401k or IRA and choose the lowest cost fund or ETF
• start to think about where you want to retire and contemplate the increase/decrease in costs
• re-evaluate all your insurance needs including long term care

How To Invest With The Debt Ceiling Debate

With the fiscal cliff looking more like a fiscal bump, the big debate is coming.

The DEBT CEILING.

Up until the last few years, the United States ability to borrow was rubber stamped by Congress.  That it failed to do so a few years ago led to the USA's downgrade of debt largely because of the fact that the US govt looked disfunctional.

Well, in March 2013, the USA will need to increase the debt ceiling or it could be deja vu.

I believe any President should have the ability to raise the debt ceiling, he or she shouldn't be held hostage by congress in times of distress, war, etc.

I think the fiscal bump will be reactively worked in february/march with a grand bargain to include the debt ceiling.  Call me an optimist but that's the way I see it.

Until then, the stock market will surely go down and sideways at best.  I think caution is the word of the day and boomers especially should be careful.  Nothing wrong with being in cash during times of uncertainty!