Determining the best way to ensure your financial security can seem overwhelming.
For James and Michelle Bethe, deciding what to do with the $200,000 they had in savings had them at a standstill. As a teacher, Michelle, 36, has a pension for retirement and James, 38, has some money in a 401(k) plan.
For Michelle, the money is best kept in the bank for emergencies. James, however, wanted to get rid of their car payments and pay down some of their mortgage.
“The ultimate peace of mind is to be financially free,” said James, who lives in East Brunswick, New Jersey with his wife.