Archive for February 7th, 2008

Is retiring early unpatriotic?

Thursday, February 7th, 2008

Want to do something truly patriotic to help preserve the American way of life?- advertisement -

Don’t retire. At least not yet.

That’s the advice of Andrew Yarrow, vice president and director of the Washington, D.C., office of the nonprofit, nonpartisan research organization Public Agenda.

Yarrow urges the nation’s 78 million baby boomers to forgo traditional or early retirement and work for a few more years, for their own sake and the good of the country.

If boomers all turn in their keys at age 55, 62 or 65 and head for the Tuscan hills, that great sucking sound you’ll hear is untold amounts of taxpayer dollars being leached from the economy. That is money heirs will either have to replace or do without.

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No magic can bail out delinquent driver

Thursday, February 7th, 2008

Dear Terry,
I purchased a Honda Element in May 2007, when I had a great-paying job. I have lost that job due to having to move because of domestic abuse. I am living in a small town with two boys and I am having a very hard time finding a job.
In short, I can no longer afford my car. My monthly payment is $495. My mother signed on the loan with me and I have ruined her credit now due to the fact that I have fallen behind on my payments.

How do I get out of my loan and still save my mother’s credit? I truly cannot afford a $500 car payment. I still owe $22,000, yet my Blue Book value is only $14,500. Please, can you give me any advice?

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