Friday, April 2, 2010

It's Time for Some Retirement Housecleaning

Every Friday morning, Paul Petillo of Target offers his take on the world of finance and investing on MomsMakingaMillion radio.  This informative show offers listeners a unique look at the journey of retirement, the task of wealth accumulation and some simple explanations for those of us who are utterly confused.

Here is a brief excerpt from the show on 04.02.10 with a link to the entire script below.

MomsMakingaMillion: For some reason, spring is the time of year when we want to clean out the winter dreariness and usher in the new season.  This is also a good time of year to take a look at your financial house and see whether it too needs a little sprucing up.  Today, we are going to discuss the how-tos and what-fors of that task.

Paul Petillo:  There is nothing like the feeling of spring.  And we should use it to trigger some financial house cleaning.  A lot like figuring out what in your closet you should toss or give to charity, using this spring-cleaning feeling to look at your finances can and should become a regular habit.

MomsMakingaMillion: The toughest thing is figuring out where to start.

Paul:  Surprisingly, it doesn’t take that long.  None of us goes a day without thinking about where we are in terms of how much money we have, where it is going and how do I get more.  So we already know some of the answers to the question: does this old financial plan still fit?

It probably doesn’t.  Most of us are mid-career and probably have a house, kids, a job or a business (which is like a job only you get to pick the sixty hours a week you work).  Some of us have parents who may or may not live with us.  So basically, this spring financial cleaning is a way to reorganize that closet, reprioritizing what your will need to do sooner rather than later.  More...

Paul Petillo is the Managing Editor of

No comments: