Thursday, February 17, 2011

15 Ways to Never Run Out of Money

Savings, investment, and lifestyle strategies for all ages.

The American economy may be moving like molasses in January, but have no doubt, it is moving. Between late 2008 and 2010, the Standard & Poor’s 500 index rose in healthy double digits to the point that many investing stalwarts who stayed in stocks recouped the money they’d lost in that period, and then some. The national savings rate — income minus taxes and household expenses — rebounded from a negative number in 2006 to almost 6 percent in October 2010, according to the U.S. Bureau of Economic Analysis.

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For many, the economic recovery isn’t so much crawling as stalling. But regardless of the state of your finances, now is a good time to begin planning a future that’s secure. That means creating a plan to ensure you don’t run out of money in the near term or far in the future. And paradoxically, it may mean creating a lifestyle that doesn’t place money at its core.

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