Debt can be a little bit like your weight. If you don’t monitor it, it can sneak up on you. Rob West and Steve Moore talk about some warning signs not to ignore when it comes to debt. For example, when you’re reluctant to find out just much debt you really have, you probably have a bigger debt problem than you want to admit. If you find that these warning signs apply to you, be willing to acknowledge it. If there’s some shame involved, be truthful and be willing to be accountable.
Next, Rob and Steve answer your questions at (800) 525-7000 and MoneyWise@Compass1.org about the following:
- If you're currently 64 and planning on working until 70 and no longer have a retirement fund, how can you plan for retirement?
- What is the best plan to save for two thirteen-year-old grandchildren for their college expenses?
- How should you determine who should be the beneficiary of your will if you have no dependents?
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