My parents grew up during the Great Depression and the lessons they learned shaped their money management philosophies. My generation seemed to have forgotten these lessons. However, the financial crisis of 2008 is painfully providing us with the same lessons to be re-learned again.
Optimistically, I expect this crisis will pass too, as did the Great Depression. However, I hope my children will remember and benefit from the lessons re-learned.
For more on Crossing Generations, check back every Thursday for a new segment.
This is not financial advice. Please consult a professional advisor.
Copyright © 2008 Achievement Catalyst, LLC
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Creating a Retirement "Paycheck"
Since retiring in 2007, we typically have withdrawn funds monthly from our taxable accounts to pay for living expenses. Last year, I decid...
Thursday, November 13, 2008
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