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Akron Children's Hospital CEO, wife announce $1 million gift to support research
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Woman's purse snatched after beer purchase
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Of pass interference and alleged "fake" injuries
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Seven players added to Tribe’s 40-man roster
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Flashes travel to Florida Atlantic
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Gameblog: Cavs vs. Philadelphia 76ers
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Buckeye Football – Present and Future
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All Da King's Men:
The Onion, By Any Other Name…
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Akron Law Café:
Don't Try to Have Fun if you are Depressed
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Vintage Chic
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TIME TO GET YOUR COLLECTOR CARS WINTERIZED
Let's Talk Real Estate:
Faye Dunaway to be Evicted?
Ohio Travels with Betty:
Monique asks how to get tickets for the Polar Express.
Sound Check:
Steely Dan Plays "The Royal Scam" at E.J. Thomas Hall
HRLite House:
Personal Rant – Why I am Glad I live in NEO
Akron Gamer:
Nintendo's Mario endures even as games come and go
Published on Friday, Jun 06, 2008
The temptation to shortchange your retirement to meet present financial needs could be a disastrous move in the long run.
There are other ways to deal with current economic conditions without tapping your retirement. From BusinessWeek, Ellen Hoffman provides tips:
• Control your spending. Review your spending for the last few months or even the last year.
• Consider refinancing your home. In other cases, downsizing your home — reducing both mortgage and maintenance expenses — might be the solution.
Don't fall for tricky deals — such as an interest-only mortgage or an ARM with a huge balloon payment — that have plunged so many homeowners into financial disaster in recent months.
• Create an emergency fund that, in a crunch, could pay up to six months of your expenses. Apply for a home-equity line of credit — easier to get when you are not in dire financial straits — to use if the unexpected should occur.
The temptation to shortchange your retirement to meet present financial needs could be a disastrous move in the long run.
Get the full article here.
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