Financial advisors
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Whole Life Insurance is a Terrible Idea if You Have Student Loans
- June 2, 2017
- Posted by: Travis
- Category: Financial advisors
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Whole life is perhaps one of the crappiest financial products sold as investments that exist anywhere. This is even more true if you have student loans. I’ve seen a rash of clients lately who have six figures of student debt, and they have a whole life policy too. They’re paying several hundred dollars or more
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Most Financial Advisors Give Terrible Student Loan Advice
- November 17, 2016
- Posted by: Travis
- Category: Financial advisors
As a student loan consultant, some of the worst mistakes I’ve seen people make with their student loans have been the fault of a dishonest or incompetent financial advisor. Just today, I had a student loan consulting client using Income Based Repayment whose financial advisor told her to invest instead of pay down her 6.3%