Ask An Expert
Q: I’ve been paying extra on my student loans to pay them off faster. I just became eligible to contribute to my company’s 401(k) plan. Should I continue with the extra loan payments or start contributing to the 401(k)? — T.L., Orlando
A: I would start contributing to the 401(k). The sooner you start building your retirement savings the better. Aim to at least contribute enough to get the company match is your company provides one. — Derrick Chandler
Q: I work for a large home-improvement retailer and they are offering me a brokerage account from a national firm. I want to be able to purchase CDs & treasury bills. If this firm can’t or won’t do that for me, where can I purchase them? — L.J., Longwood
A: Most independent financial planners & national firms have the ability to purchase the investments for you. There is a good chance that based on your employer’s size as a publicly traded firm that they have negotiated a very good deal for you from a fee basis with this firm. Check with another investment firm that you trust then make the best decision for your family. — John Cash III