Saturday, February 05, 2005

Saving for the Future

Friends and Family -

If you have not actively started saving, then please read. Currently, the government provides several options for you to invest money in the market and save for a variety of purposes, with tax incentives. If you are saving for retirement, you can start a Roth IRA and your earnings will be tax free. If you are saving for a child's college tuition, you can start a state-sponsored savings plan that also has tax shelter.

The bottom line for saving is this - the earlier you start, the more money you will have in the long run. I am nowhere near being an expert on the subject, but if you want to start saving (even a mere $50 a month can turn into something special) and want to know how to get going, throw me an email.

Retirement and college tuition - I can't think of any better reasons you'd need to start saving now.

Friday Night Lights

"Friday Night Lights" starring Billy Bob Thornton is a story about high school football in Odessa, Texas. It's your standard football movie with all the accompanying cliches documenting the high place the town's Premian Panthers play in the lives of the local people. So-so movie with one funny note - the film is based on a true story (so what?) set in 1988. I didn't know it was set in 1988 - based on what I know of present day west Texas (having lived there against my will for 2.5 years), the bad hair, dated clothes, and beat up cars looked pretty recent to me. I assumed it was a current day flick until the credits rolled. That's pretty much what the place looks like today.