Financial Planning

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Many Older Workers Lack Retirement Funds

Americans near retirement age are still paying off debt rather than saving for retirement

Written by Shaun Plum
MoneyTips Contributor

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Financial Planning Investing & Retiring Retirement

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Millennials Find It Hard To Save Money

Many younger consumers find debt and rising prices make it impossible to save

Written by Shaun Plum
MoneyTips Contributor

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Financial Planning Investing & Retiring Retirement Student Loans

Q&A

Asked by Ashley Soto

I just signed up for Acorns knowing that investing early = a good thing to do, but don't know anything beyond that. Where is my money going?

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Answers 1

Answered by MoneyTips Writing Staff
Financial Adviser in Los Angeles, CA

Acorns invests in portfolios of Exchange Traded Funds depending on the level of risk you choose. You can learn more about Exchange Traded Funds at http://www.moneytips...

Financial Planning Investing & Retiring Mutual Funds

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Asked by Dana

I am 43, and have $15,000 in savings - and approx.$20,000 in credit card debt (with low interest.) Should I pay off debt before adding more money to savings?

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Answers 2

Answered by Phillip Christenson
CFA in Plymouth, MN

It all depends...what are you earning on your savings? If it's close to zero then yes you should pay off the credit card debt. If it's in the stock market which histor...

Borrowing Financial Planning Investing & Retiring Credit Cards

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Millennials Are Not Saving Enough For Their Children's College Education

Many want to cover their child’s college costs to avoid student loans

Written by Shaun Plum
MoneyTips Contributor

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Borrowing Financial Planning Investing & Retiring Student Loans

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Paying For College – More Planning, Less Borrowing (Infographic)

Sallie Mae infographic reveals how Americans pay for College

According to a national study by Sallie Mae and market research firm Ipsos, scholarships and grants played a greater role in paying for coll...

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Borrowing Financial Planning Student Loans

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Asked by an anonymous user

I am receiving an inheritance from my mother's estate, should we use it to buy a house?

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Answers 1

Answered by Kim Miller PRO+
CFP® in Redmond, WA

Hi - let's see what I can do for you. The first order of business with an inheritance is to pay off any existing debts. If your only income is disability payments, g...

Home Purchase Loan Borrowing Social Security Financial Planning Medicaid Medicare

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Asked by Crystal

Should we really take financial advice from Donald Trump?

Answered by Rob Jupille
Financial Adviser in Santa Monica, CA

If his advice is 'inherit a large sum of money from your father, use a ton of leverage then utilize the bankruptcy laws when necessary then absolutely take financial a...

Financial Planning Investing & Retiring

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