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• What They Didn't Tell Ya About Money In High School Part 1
• What They Didn't Tell Ya About Money In High School Part 2
• What They Didn't Tell Ya About Money In High School Part 3
• What They Didn't Tell Ya About Money In High School Part 4
• What They Didn't Tell Ya About Money In High School Part 5
• How to Stop The "N.F.L. Syndrome" From Stealing Your Retirement
• To those who want to save more money in 2009 and beyond...
• To single mothers who need to salvage their 401K's...
• How to Save $100 a Week In Three Easy Steps

About Retirement Calculator, Inc.

CBS The Early Show

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• How to Grow A Strong 401K For Your Retirement
• Why 20% of Top Earners Get More Out Of Their 401K Plans
• The "Red Zone" 401K Game Plan To Score in Retirement
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• How to Stop the "Pension Pirates" from Stealing your Retirement
• The 7 "Deadly Sins" Of Retirement You Can't Afford to Make
• To 30 Something Married Couples...
• How Raising Your Money IQ Can Give You A Richer Retirement
• To single mothers who need to salvage their 401K's...
• The Nervous Retiree
• Why You Need Retirement Calculator Software
• Analysis of the Economics of Early Social Security Withdrawal

• FREE Retirement Calculator recommended by Ray Martin on the CBS Early Show - Watch the video clip
• FREE Retirement EBook written by Bill Losey, America’s Retirement Strategist
• FREE Retirement Intelligence Information Services Newsletter
• FREE New Social Security Calculator
• FREE Consultation with a certified financial advisor in your area

Bad Credit Debt Consolidation Loan

What's More Effetive Than a Bad Credit Debt Consolidation Loan?

When you are looking for the chance to get out from under the debt that you've accumulated over time, one of the things that you're likely to look into is a bad credit debt consolidation loan. However, before you make the choice to apply for a bad credit debt consolidation loan ? even if that loan is coming from a non-profit organization, you may want to make an effort to explore some of the other options that are available to you. That way, you can be sure that the choices you make really are in your best interest.

Here's why:

• Many people find that when they simply apply for a credit debt consolidation loan they are just acquiring another unsecured debt. The money that they borrow in order to repay their other debts ? while it may be at a better interest rate than the payments that are due on their major credit cards, store credit cards and even medical bills, student loans and other ?bad debt? ? is still an unsecured debt, and one larger debt can look worse on your credit report than several smaller ones.
• When you do take out a loan to repay your debts, you do not actually reduce the amount of money that you owe to your creditors. On the other hand, when you are working with a credit counseling service that's focused on debt consolidation, you will find that you're in a position to take away late payment charges and interest fees altogether ? over time, this actually reduces the amount that you owe, rather than allowing it to continue to increase.
• If you simply use a bad credit debt consolidation loan to repay your debt ? especially if you have fallen behind on your payments ? there will be a less positive impact on your credit score than if your past debts are brought current. Similarly, you won't receive the support that you need to learn to live within a set budget.

In other words, taking out a loan in order to consolidate your debt is only going to change the way that your debt looks on the surface. On the other hand, if you look into credit counseling services in which a counselor will work with your creditors to get their needs met and work with you to make sure that you are able to stay on top of the process, you will be able to learn the skills that you need in order to reach your financial goals and to change the way that you think about money. More importantly, you'll be able to improve your overall credit.

Ultimately, what you will find is that if you want to be sure that you are reaching your financial goals and establishing a secure future for yourself and your family, you are going to want to look beyond bad credit debt consolidation loans and focus on credit counseling and debt consolidation programs that will help you change the way that you approach spending and saving. By doing so, you will be able to eliminate your debt and create a financially secure future.

Find a Qualified Financial Planner in Your Area

Do You Know the Answers to These Important Retirement Questions?

• Are you retired or thinking about retiring?
• Do you have enough money to comfortably live throughout your retirement years?
• Would you like FREE face to face advice or retirement consulting from a trusted local financial advisor?
• Are you looking for help to achieve your long-term financial goals?
• Would you like to learn more about Annuities, 401's, Life Insurance and Long Term Care?

Would you like to retire, but aren't sure you can?

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Analysis of the Economics of Early Social Security Withdrawal

Robert J. Phillips
Chief Retirement Consultant

Deciding whether or not to take the early withdrawal of social security at age 62 can be difficult. If you need this income at 62 to fund your retirement the decision is fairly straightforward. Take it early! On the other hand, if you have another source of revenue to fund your retirement your decision will be primarily based on lifestyle, health and investment preferences.

Several factors can affect your decision. First is your life expectancy. If you are in good health and have a family history of living beyond 90 then waiting for full benefits may be best. Two other factors impact this decision. First and most important is the value of money or your expected return from your investments. If you are using other investments instead of social security to fund your retirement you should use the rate of return of these investments as your value of money. There is another way to look at the value of money. If you do not require the social security money to live, you can invest the distributions for the future. The rate of return of this investment is your value of money. If your investments will make larger returns such as stocks this would favor taking the early withdrawal.

The last factor impacting your decision is inflation. Social security includes an annual adjustment based on inflation. You cannot control this variable but you should be aware of its impact. If future inflation is significant it will favor a later full distribution

FREE Social Security Calculator:

We developed a calculator to assist in analyzing the impact of taking early benefits at age 62 or waiting for full benefits at age 66 to 67 depending on the year you were born...If you were born in 1960 or later your full benefits will begin at age 67 and your reduction for early benefits at age 62 will be 30%. If you were born between 1946 and 1960 your full benefits begin as early as age 66. We have included a chart that summarizes information.

To use the calculator you need to input your year of birth. You also need to input a value of money up to 10% and a projected inflation adjustment. The calculator analyzes income generated over time from both the early and full benefit investments. It calculates the age at which full social security will catch up and breakeven with the early withdrawal. If you were born before 1960 your breakeven age will be impacted by the year you were born. An early breakeven age favors waiting for full benefits.

The social security calculator is not the final answer whether to take an early withdrawal but it does give you additional economic data to assist in that decision. Ultimately you must balance income, investments and lifestyle to optimize your enjoyment during your retirement years.