MoneyWise


20/20 Foresight on Spending

November 13, 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 Today, 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 daughter in her late 20s who is disabled and your insurance won’t cover your physician costs, are there other options?
  • If you just recently retired and have have heard that it would be wise to redirect your 401(k) to a self-directed IRA, should you consider it?
  • If you and your spouse are in your 30’s, own our home outright and I have several investments but are concerned about proper diversification, what is some good advice?
  • If your daughter has been working for a few years and will have $7,000 saved by the time she goes to college, will that money count against her on FAFSA?

Be sure to check out our new website at moneywise.org to connect with a MoneyWise Coach or access our books, videos, or any of our free helpful resources.  You can also find us on Facebook. Thanks for your prayerful and financial support that helps keep MoneyWise on the air.  And if you'd like to help, just go to the website and click the Donate tab at the top of the page.