No one is immune to the smell of new leather and the excitement of new technology. But auto debt is a big roadblock on the road to financial freedom. Steve Moore and Rob West tackle the issues that lead so many into unnecessary auto loans. The key is to buy a used, reliable car and drive it for a long time. Next, they answer your questions at (800) 525-7000 and MoneyWise@Compass1.org about the following:
-My daughter wants to buy my second home. Should I sell it to her and finance her myself? Or should I ask her to go through a bank?
-My wife and I are looking for a house, but we feel that we’re further and further away from the reality of being able to purchase one.
-I am paying in the highest income tax bracket. What’s the best retirement plan option for me? Traditional or Roth IRA?
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