debt

Women in Retirement: 60 Percent Not Saving Enough
Team SummitEmployee Outcomes, Employer Resource CenterComments are off for this post
In November 2016, the Texas Conference for Women surveyed attendees about their retirement savings and found that almost a whopping 60 percent weren’t socking away enough. In fact, many weren’t even sure if they were going in the right direction. One person responded, “I don’t know if I’m on track, and that’s the worst part.”  Read More →
Retirement Plan Loans: To Borrow or Not to Borrow?
Team SummitBudgeting & Debt, Employee Financial Resource Center, Retirement PlanningComments are off for this post
Although you may have the ability to borrow money from your retirement plan in the form of a loan, please proceed with caution! If you borrow from your retirement account, you may end up causing harm to your financial future. Below are a few of the drawbacks to taking a loan from your retirement plan:  Read More →
The Psychology of Debt
Team SummitBudgeting & Debt, Employee Financial Resource CenterComments are off for this post
Using loans or credit to buy things is not a new concept. In the 1800s, some people bought food and other basic supplies from the general store using credit—the storekeeper handwrote the buyer’s name on a list, keeping track of the total owed. When the buyer came back into town the following week, he paid  Read More →

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