Thursday, December 7, 2006

Financial Health Reality Check

By Michelle Singletary

Thursday, December 7, 2006; Page D02

The end of the year often provokes questions about your financial state. If it doesn't, it should.

That was on my mind after receiving this query from one reader during a recent online discussion: "I am 45 years old and unmarried. I own two homes worth $800,000 free and clear. I have next to no savings, however. I do have $50,000 in a 401(k) and $50,000 in regular savings. That is it. Am I in decent shape or bad shape for my age?"

Now you are probably thinking: Is this person kidding?read more

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