It's contrary to the conventional financial planning wisdom I’ve
championed for years: “Don’t give Uncle Sam an interest-free loan.” But
the fact is, for no good reason other than I didn’t get around to fixing
it, we had too much tax withheld last year and now we’re due a robust
refund. So to try to make the best of my little mistake, here's what we
plan to do with the money we're getting back.
“Do you get better mutual funds when you pay sales charges?” It’s a
great question that I’ve fielded many, many times throughout 20-plus
years in the financial planning business. But it’s also a question for
which I fear objective, truthful answers are hard to come by. So I’m
going to fix that.
Despite officially ending in mid-2009, our country’s most recent
financial fiasco left countless retirement plans in ruins. Many ran up
debt, stopped saving, used their savings and investments, or in a panic,
pulled their retirement investments from the markets. Sound familiar?
Here are my six steps to get your retirement back on track.