Wednesday, January 11, 2006

Ask Wolfie!

Dear Wolfie, I'm a 28-year-old college grad with a decent job. I hear a lot about how my generation is not saving as much for retirement as it should be and that we are all in for big trouble in a few decades. I have started saving some, but not as much as I should. How can I make my money work for me?
Thanks for your help, Wolfie.

Dear Reader,
28! A mere pup! I applaud your ruminations on future security in this age of cynicism. For years I tucked my savings (namely of leaves, twigs and some assorted dirt clods) into a discarded bedroom slipper, wedged behind my dogbed. But that's not smart. My foremost advice to you is to put as much as you possibly can into your master's retirement plan/401K, up to the company's match (but not over the match! say "no" to that!). Or you can approach financial security like me, Wolfie, and find someone else to provide you with food, water and a cushion to sleep on. Good luck, Reader! Namaste!

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