Monday, April 27, 2015

Feds latest budget: help for seniors...



Margaret Wente and others are noting the buzz around the federal government's tax breaks for seniors and others in the latest federal budget. But this above article rightly states that the really important issue here isn't getting a higher tax-free limit on a non-existent savings plan, it's the too-high debt levels that are swamping most families in the country. Improving the rules for savings isn't helping those who can't do any of it. The trick, like the man says, is to learn to live below your means, so that your back isn't constantly to the wall financially. It took me too much of my lifetime to learn how to do that, but better late than never. The best finance plan in the world is "100% down and nothing left to pay."

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