Car payments have morphed from a temporary nuisance into a permanent part of many people’s budgets. Whether that’s a bad thing depends on what you do with the rest of your money.
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By Liz Weston The Associated Press
Your mother’s maiden name is probably not a secret. Neither, necessarily, is your high school mascot or the size of your car payment. But some banks and brokerages still pretend this is information only you would know, and that could be putting your money at risk.
Most retirement advice has a flaw: It’s being given by people who haven’t yet retired.
So I asked money experts who have quit the 9-to-5 for their best advice on how to prepare for retirement.
They still faced curveballs when it was their turn. Making the right financial moves is important, they said, but so is getting ready mentally, emotionally and socially.
Three key decisions about retirement benefits can help couples make their money last or dramatically increase the chances the survivor will end up old and broke.