401k’s, IRA’s and our financial world

by Kim West

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Where do we start with the recent financial mess we’re in? I watch my 401k sinking and wonder what should I do? Ride it out, right? It’s hard when that is your retirement wasting away. And with the financial world falling apart around us you have to ask what more could I be doing?

          

So, I looked at my finances. And thought about where I could start saving more to sock away a CD or two. One obvious place is my discretionary spending. Another way of saying shopping. I am a female, I love to shop. I can’t help it, it’s genetic I am sure! Anyway, one source I love and have begun to trust as well is Queercents from our friend Nina Smith. She has a fun, sometimes quirky but always humorous site that shares others’ insights into the world of being gay and financially aware. See for yourself, by checking out the site. I love their recent post Turning Spenders into Savers; Why We Buy. And I love her motto; we’re here, we’re queer, and we’re not going shopping without coupons!

2 Responses to “401k’s, IRA’s and our financial world”

  1. I would like to recommend Martha Burks’ book, Your Money or Your Life. A horrible title for a really great treatise on why this election is so important from a financial perspective for women. I think this especially goes for lesbians who may have fewer resources than the men and are more conservative in spending ( true of all women actually). Ms. Burk is Governor Richardson’s consultant on women’s issues.

  2. kim west says:

    Jane, thanks so much for your insightful and timely comment! I will take a look at the book you recommend and will ask others to do the same! Most importantly, let’s remind each other to get out and vote on November 4th!
    Thanks, Kim

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