Using the Money to Secure the Family's Financial Future?

Paul writes, consider a single person in the early sixties who plans to defer social security until age 70. Julie says, i'm receiving the monthly child stimulus payment for my two kids. Would it make sense to use the money to open a savings account or five 29 plan for them? Paul: If you have not really started anything in your of starting to square up your overall retirement and financial planning, use theMoney to do that first.