Retirement Solutions Launches 'Your Personal Economy' Website
MADISON, NJ, August 30, 2006 -- In conjunction with 401k Day Sept.8, Retirement Solutions Foundation has launched a new website called "Your Personal Economy" (
www.retirement-solutions.org) dedicated to help Americans maximize their household income and assets in order to build enough assets to retire securely.
"While policy makers should be concerned that people aren't saving enough for retirement, nobody has done enough to help people 'find the money' to save," said Retirement Solutions founder and President Jane White. "Our research shows that more than 32 million Americans are living in regions where the median home price is more than $350,000," said White, who first addressed the "home affordability crisis" in her 1991 book, The Cost-Conscious Homebuyer's Guide.
Why is it so important to live in a region that's a 'good investment'? "Next to your 401k savings, home equity is your most important retirement asset," said White.
Retirement Solutions chose six regions where homes are affordable, high-paying jobs are plentiful, and there's lot's to do: Orlando, West Palm Beach and Fort Meyers, FL, Phoenix, AZ, Madison, WI and the Camden Metro Area, NJ.
In addition to detailing affordable relocation destinations, Your Personal Economy helps people save on college, not just for college. "The price of a sheepskin has increased 300% over the last 20 years, greater than any other consumer expenditure," said White. "What's infuriating is that colleges could use more of their endowments to subsidize tuition; the median endowment per college is more than $71 million." Along with offering tips on finding low-cost quality college education by considering extension schools, "for-profit colleges," and community colleges, Your Personal Economy also offers tips on cutting down on credit card debt and warns against taking adjustable rate mortgages, whose terms can potentially cause monthly payments to double in just a few years. For more information, check out http://www.retirement-solutions.org.
About Retirement Solutions Foundation
Founded in 2002, Retirement Solutions aims at establishing Best Practices for 401k advisers; among them: offering only low-fee funds that have a long-term track record of beating an index, defining a target nest egg as a multiple of final pay and conveying the risks of having a too-high allocation in company stock. Retirement Solutions received a grant in 2004 from the Calvin K. Kazanjian Economics Foundation Inc. for its small-business 401k education project, which employs founder Jane White's unique KI$$ Approach teaching finance by using metaphors that connect new information to known concepts.
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