MoneyWise


20/20 Foresight On Spending

December 1, 2018

They say hindsight is 20/20 but that’s small comfort when you’re trying to fix some mistake you’ve already made. Too often these errors involve money - money you wish you’d kept in your wallet. Wouldn’t a little foresight be better?  Rob West and Steve Moore share a list of things you’ll almost certainly regret doing with your money. 

Next, they answer your questions at (800) 525-7000 and questions@moneywise.org about the following:

  • If you have a disabled daughter in her late 20s for which you've located a physician who will treat her but our insurance won’t cover the treatment, are there other options?
  • If you just recently retired, would be wise to redirect my 401(k) to a self-directed IRA?
  • How do you know you're properly diversified?
  • If your daughter will have about $7,000 saved up by the time her school starts, will that count against her on a FAFSA application?

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