Illinois is mired in pension debts. Most states have them, but we have them worse. Accountants look at three main numbers when they calculate pension obligations: the number of years that people will be receiving a pension; the size of the pension payments; and the investment returns. Part of the problem is that people are… [Read More]
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Tag: college savings
Paying for College: Paying Off the Mortgage
Whenever I receive an unexpected sum of money, I divide it into four. A quarter goes to random spending (usually clothes), a quarter goes to charity, a quarter goes to savings, and another quarter goes to the mortgage principal. This is in addition to the extra principal payments we make each month. This is a… [Read More]
