If you’re starting to feel fretful about this time of the year (end of March, beginning of April), you’re not alone. Tax deadline is near. Have you done what you promised your new year’s resolution you’ll be doing? Have you put your financials in order for the upcoming year?
Have no worries. We’re here to help. Continue reading “Money Smart Week 2017”
Last month, I suggested some books to get you started on investing. This month, we move on to the different but related topic of retirement planning. Those of us who are fortunate enough to be employed for a significant number of years expect to retire at some point. The choices that we make years – sometimes decades – before retirement can have a huge impact on our standard of living when we are no longer working. Investments can be a valuable part of planning for retirement, and I encourage you to check out the blog post on investing, but there are many other moving parts to retirement: homes, debt management, pensions and 401Ks, Social Security, and insurance. Here are some books to help make sure your retirement years will be your best years.
How to Retire with Enough Money: And How to Know What Enough Is by Teresa Ghilarducci. A great overview for anyone who is starting to think about retirement, this book briefly covers many important topics such as 401K’s, saving, spending and debt, investments, and even the role of civic involvement in creating a better retirement system for the future. It also has an excellent resource list at the end to help you delve deeper into some of the topic covered. Continue reading “Retiring With a Plan”
The reference librarians at Seattle Public Library are pretty darn amazing. They don’t know everything, instead they know where to find everything. As part of an irregular series of posts we salute the talented and dedicated reference staff at your local library. Names and other identifying information have been removed from the questions we showcase. Got a stumper? Click on Ask a Librarian. It’s what we do.
“What is $161,000.00 in 1987 dollars worth in today’s dollars?”
We found a calculator on the web at http://www.measuringworth.com/uscompare/
that gives the answer to your question using various measurements. Be aware that current data is only available through 2007.
In 2007, $161,000.00 in 1987 dollars was worth:
$293,856.18 using the Consumer Price Index
$263,229.41 using the GDP* deflator
$378,036.94 using the Continue reading “April Question of the Month: An irregular series”