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Archive for November, 2011

Listen to any advice on retirement planning, and you hear: Dollar Cost Averaging, it’s good for you. Most personal finance software support it in one form or another. It goes like this: if you accumulate equities (stocks) for your retirement account, and spend a fixed amount each month, you will be ahead of someone who [...]

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Borrowing Like a Pro

Advice on debt usually states: pay the highest interest debt first. Personal finance software gives the same advice – prioritize paying off the most expensive debt. The question is – why take on expensive debt when cheaper debt exists? Consider John: he has a 200K mortgage at 5% (tax-deductible, so it’s really closer to 4%), a [...]

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