Don te lestani: Target date funds are littered with unnecessary fees, exceptfor from vanguard. The bond index fund went down this year for the first time since 20 13. So if all bonds are going down right now, it does not mean that your bond fund is right. If he were to put some money in a target fund, some in a balanced fund and some in treasury inflation protected securities, i mean, his layering diversification on top of diversified funds.
#350: Anonymous and her husband have set themselves on the path of saving for retirement. But an old mistake haunts them: a financial planner convinced them to buy a mix of whole and term life insurance, which costs them $700 per month. Do they need whole life insurance, and where else can they save their money?
Mike has $60,000 in cash earning one percent interest. He has plans to buy a home and get married in three to five years. Where else can he put his cash to earn a little more? Is the stock market too risky for such a short time horizon?
Anonymous and her future husband are wondering: what’s a realistic amount to spend on a wedding?
My friend and former financial planner Joe Saul-Sehy joins me to answer these questions on today’s episode. Enjoy!
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