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Ask Dave

Dave has answered thousands of money questions over the years.
Find the answer to your question here.

Saving

Pausing For Adoption

Tim and his wife can't have a child. They would like to adopt. Tim has $16,000 in a 401(k), and he and his wife are wondering if they should use that money to pay off some of the $40,000 student loan debt.

Stop the Snowball For the Wedding?

Miles's son is getting married in February, but the wedding is in China. Miles and his wife are in an investment club with $15,000 in it. Should they take $5,000 out to go on this trip?

Emergency Fund in Bonds?

Ryan asks what Dave thinks about putting his emergency fund in bonds. Dave thinks it's stupid.

Are Online Banks Okay?

Raphael asks what Dave thinks about using an online-only bank for his emergency fund. Is it a bad idea?

All About Ratios

Sandy is on Baby Step 2. She made plans more than year ago to finance a birthday trip for her 40th birthday. It's been canceled, and her husband wants to take her to a fancy dinner instead.

Why Choose the ESA?

Jimmy asks why Dave recommends an Education Savings Account (ESA) versus a 529. Dave recommends checking with an ELP to find an ESA and explains why he recommends them.

Keep the Emergency Fund Where?

Tiffany asks if it's better to have your money in a certificate of deposit (CD) or a money market account. Dave explains what they are, but talks about why the interest rate is nothing to get excited about.

Private School Versus the Mortgage

Molly has twins about to begin eighth grade. She could sell her home to move into a better school district, but that will cost an extra $250,000. Should she continue with private school or move?

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Get a FREE Customized Plan for Your Money! 

Answer a few questions, and we'll create a plan tailored just for you. It only takes three minutes!
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Get a FREE Customized Plan for Your Money! 

Answer a few questions, and we'll create a plan tailored just for you. It only takes three minutes!
Take the Free Assessment