An annuity payout might be very attractive to you if you are looking for retirement income, but you should really think twice. Even though I’m not a big fan of this idea, I have to admit it has some benefits: Immediate Annuity Payout Pros: 1. High Payout Let’s say you invest $100,000 and […]
What Should You Do with an Unexpected Windfall?
This guest post is written by Silicon Valley Blogger, who runs The Digerati Life, a general personal finance blog. I’m really honored by SVB’s contribution. Her blog was a major inspiration for me when I started Pilgrim and it still is. I’m sure you’ll enjoy reading this as much as I did. So what do […]
Four Ways to Get Cheap Senior Term Life Insurance
If you are a senior citizen and others still depend on you financially, you might need term life insurance to protect your family if you aren’t able to self-insure. Of course you should do what it takes to reduce the cost. But if you need coverage you need to do something about it. If that’s the […]
How to Survive Bankruptcy and Foreclosure
Is it possible to survive bankruptcy and foreclosure ? Seems like a tough hill to climb. Here’s how one couple did it and came out on the other side stronger. The following is a guest post by Jessica Bosarii. She writes for Billeater.com, a site devoted to providing helpful money-saving tips beyond the obvious. You […]
What Is the Best College Student Loan Program?
When it comes to a college student loan, you have two ways to go. You can go to the federal government or to private lenders. Just for the record, my preference is for you to graduate from college with no education debt, but sometimes that’s unavoidable. The federal government offers loans that are relatively easy […]
How to Convince Your Spouse You Need a Budget
You might realize that you need a budget …but how do you convince your spouse that you need a budget? And once you convince him, how do you get him to stick to it? This is the foundation of family financial planning. I could be wrong (it happens once in a while) but in my […]