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on the radio with Paul Petillo
Join Paul Petillo, Dave Kittredge and Dave Ng every week on Financial Impact Factor Radio as they to discuss everything from retirement to insurance, investing to estate planning, from getting started to preparing to stop.
books by Paul Petillo
I just published my fifth book - this time with Smashwords! ReBuilding Wealth in a Paycheck-to-Paycheck World by Paul Petillo, copyright 2011 This ebook is available across all platforms including iPad and iPhone, Amazon and Sony.
on personal finance
In the world of personal finance, asking what's the worst that could happen is not the same as asking: "will I be able to afford this?" or "have I saved enough for retirement?"
More personal finance
on retirement
The Who, What, When, Where and Why of Retirement
If things are good, for some they won't be good enough. If it turns out that things are not so good, someone will ultimately benefit for this off-chance negativity.
More on retirement planning
on mortgages
American dream or not, the games you may have once played with financing your home are not available for the vast majority of homeowners.
More on mortgages and homes
on insurance
Insurance : Life, Health, Auto, Home
Is the insurance industry the next victim of the financial crisis?
Health Channel
on investing
The mutual fund investor has a great many more options available to them in the post-Great Recession marketplace. The question is: are they right for you as you make a retirement plan using 401(k)s or IRAs?
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your financial knowledge
"A man's errors are his portals of discovery" James Joyce
Personal Financial Literacy Quiz: Answers
1. Inflation can cause difficulty in many ways. Which group would have the greatest problem during periods of high inflation that last several years?
a.) Older, working couples saving for retirement.
b.) Older people living on fixed retirement income.
Older people tend to protect what money they have in retirement using fixed income investments. Sometimes they use CDs; sometimes bonds. But because they are no longer earning money, what money they have is deeply impacted by inflation, making it worth less.
Older working couples saving for retirement come in a close second. They are projecting future income based on how much they have saved and often make the mistake of not calculating inflation.
Inflation impacts the savings of younger workers, with or without children by whittling away at income they could be saving.
c.) Young couples with no children who both work.
d.) Young working couples with children.
back to the quiz
bluecollardollar: from the blogInvesting in Mutual Funds: Your ballot has been cast
bluecollardollar: resources
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