Investments & Finance

Question by irishman1: What are the best private student loan consolidation companies?
I am getting ready to pay back my Sallie Mae student loans and they are expecting me to pay approximately 0 per month for my private loan. The only other alternative they gave me for a lower monthly payment was the Interest Only option, which I have heard is a horrible choice. Given today’s economic condition and the difficulty of college graduates finding jobs, I don’t know how they can expect people like myself to pay 0 per month. Are there any private consolidation companies out there right now that can significantly lower my monthly payment?

Thank you!

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Question by james c: What sort of savings account would be best for me in the future?
What is the best account if I am looking for a high interest rate, in which I can add monthly? Would it be best to have two separate accounts? For example a one year CD and a normal savings account, from which you can add to the CD annually, or is there a different type of account that would be better in investing in that situation?

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Answer by Josh
the one where 2012 does not end the world

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Question by Stacie P: Should we have a licensed broker handling our investments?
Currently our financial planner handles our investments. We don’t pay him any fee but assume he is paid “on the other end”. Is it in our best interest to switch to a licensed broker?

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Answer by Steve D
It is best to switch to a “fee for service” financial planner. While it may cost you more out of pocket, a fee for service broker is much less likely to steer you towards high commission investments over other investments which may be better suited for you.

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