help debt problem?

I don't know anything about this organization, but it DOES look interesting!

http://www.consumercredit.com/index.html

TFH, If you're spending more than you're making, you've got a BIG problem. The whole trick is to save 20 percent of your earnings for retirement from the first time you draw a paycheck. Allocate your savings through your employer's 401k; one-third to equities, one-third to bonds, and one-third to CD's. When the war is concluded, transfer forty percent of your CD's into stocks and bonds, but always have three months cash in your savings for emergencies. As you accumulate your retirement assets, while you're still under 55 years old, increase your investments in stocks. Between 55 and 65 years old, begin to reduce your investments in stocks, and keep more of your investments in bonds. You don't want to risk losing your savings just before you plan to retire. c.i.

c.i.- One of the things that my husband and I have always done is to live somewhat under our income. In this way we were able to save and invest quite a bit. There are many retired people that I know, because of the stock market, who have had to go back to work, because their investments tanked.

Phoenix, We have family and friends who have lost 75-80 percent of their retirement savings during the past four years because of the stock market crash. As a matter of fact, my brother in law is a dentist who started practicing when I was still trying to earn a college degree. I retired five years ago, and he's still working. Just before I retired, I transferred some of our stock investments into bonds, because I knew that it was a gamble to keep it in the stock market. Our stocks are all mutual funds, so our loss has been minimal. I can still travel two or three times a year to any place in this world, and not worry about money. It's a comfortable feeling, because we come from a very modest background. Our assets are still worth about 75 percent of our total earnings. Not bad for a kid from the wrong side of the tracks. c.i.