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Ask Paula: Is Mom Getting Ripped Off by Her Investment Advisor?!
Dec 27, 2023
Nicole worries about her mom's investments; Paul wants to lower his income for financial aid; Nick considers long-term care insurance rates. Former financial planner Joe Saul-Sehy and Paula tackle these topics in today's episode.
01:10:55
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Quick takeaways
- Pre-paying expenses can help reduce future financial burdens and can be done through mortgage payments, car loan payments, and advanced tax payments.
- Investing in unlisted REITs carries significant risks, and inexperienced investors should be cautious and fully understand the risks before investing.
Deep dives
Pre-paying Mortgage and Car Loan
To pre-fund expenses, you can consider pre-paying your mortgage by either paying it off completely or making advanced principal payments. Similarly, pre-paying your car loan by covering the next three years' payments can help reduce future expenses.
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Listen to the best highlights from the podcasts you love and dive into the full episode