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The Personal Finance Podcast
My Advisor Told Me to Get Out of My Low-Cost Index Funds- Money Q&A
Aug 12, 2024
Ever wondered whether to trust your advisor's advice on index funds? Dive into the debate on low-cost options versus traditional investments. Discover the ins and outs of mortgage recasting versus refinancing, especially with changing interest rates. Students are encouraged to invest early while ensuring emergency funds are in place. Finally, learn how to protect your financial data when using third-party budgeting apps—keeping your information secure is key to financial peace!
42:18
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Quick takeaways
- Evaluating investment options requires careful consideration of the long-term implications of shifting from low-cost index funds to higher-fee managed accounts.
- Understanding mortgage recasting versus refinancing is crucial, as each option serves different financial goals and circumstances for homeowners.
Deep dives
The Importance of Life Insurance
Life insurance provides critical financial protection for families, especially after the birth of a child. Policies from companies like PolicyGenius can start at a low cost, offering significant coverage without the need for extensive medical exams. This accessibility and ease of online application streamline a process that can otherwise be daunting, ensuring peace of mind for new parents. Moreover, relying solely on employer-provided life insurance may leave families vulnerable if coverage doesn’t carry over after leaving a job.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode