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Are you kidding us?! Not long ago, we bemoaned that fact that many Americans during these difficult financial times are using their 401(k) plans as piggy banks, withdrawing money to pay their bills. They are jeopardizing their retirement. And now, we hear about a number of financial institutions offering 401(k) DEBIT cards! No need to make that pesky call to you broker to withdraw your retirement money. Just hit your local ATM with your new 401(k) debit card in hand and you're off to the races. No muss…no fuss…and… NO RETIREMENT! You’ll then receive a monthly bill that will include a minimum payment due (plus interest, of course!), a service charge and, probably, a fee or two to the card company. Hold on. Time for a little Straight Talk here: First, these fees will come on top of the already complicated taxes and retirement-busting penalties that could cost you a ton of money. Click here for the details. Second, there are certain instances where you can withdraw from a retirement account without penalty. In times like these, you need to know exactly what they are. We’ve made it easy and provided the answers for you here. I (Daria here) do most of the shopping for us, and if you're like me, soaring food prices are enough to make you sick before you even set foot in the supermarket! Cereal costs have skyrocketed 10 percent in the last year. Dairy products have jumped 9.2 percent, and vegetables are up 7.6 percent. That's a lot of extra money to work into your budget. Here in Italy, the costs of pasta, cheese and basic food staples have also skyrocketed. You can’t quit eating, of course, but you can hang on to more of your hard-earned money when grocery stopping. We have some inside savings tips for you from our own experience as well as an actual store manager: Take a walk with us down the aisle and start saving now with our brand new video. You’ll even discover what Ken’s two favorite “health” foods are. (Even the rise in prices hasn’t slowed down his appetite for these!) While we continue to enjoy our visit to Italy, we’re also trying to keep up with the Summer Olympics. Did you see the opening ceremonies? Weren’t they absolutely spectacular? The events themselves are just as inspiring. Every one of these athletes had a dream, worked hard to make that dream come true, and is now living it. They can’t all take home a gold medal, but they are all winners in our book. We believe in following your dreams, and we want to help you realize yours. Click here to learn about a few other folks we know who have followed their dreams. You may even know some of them! Don’t give up on your dreams. And remember, we’re here to help! Sincerely,
Ken & Daria Dolan P.S. We encourage you to visit Dolans.com every day for our very latest advice on stories in the news. We’re always checking the headlines, and we know you have questions and concerns about everything from funding your IRA to your credit card to the stock market. We’re here to help, so be sure to visit Dolans.com every day and see what's new! |
We sent you a special e-mail last week asking for your help, and you responded in droves. We’ve literally heard from thousands of you! If you haven’t responded yet, it’s not too late. We want to make sure we're helping you as much as possible in these tough times, so we want to know:
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