Student Debt: What Now?

Talking Real Money - Investing Talk

Don McDonald

Education, Investing, Business, How To

4.5 • 811 Ratings

🗓️ 6 July 2023

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

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Summary

With the US Supreme Court ruling against the student loan, elimination plan, what can students do now to help reduce the burden of their education debt? Plus, we talk about special people and their special financial treatment. Then, listeners ask: Should they go ahead and annuitize a variable annuity or move it into an IRA Is this work 401(k) plan diversified enough? Learn more about your ad choices. Visit megaphone.fm/adchoicesQuestions? Comments? Click!

Transcript

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0:00.0	Reality Radio for a really great future.
0:07.9	We're talking real money.
0:10.7	Well, I must admit, I have mixed emotions.
0:13.0	My emotions are mixed.
0:14.4	They're all mixed up.
0:15.6	Hello, everybody.
0:16.3	I'm Don McDonald, Tom Cock over there, and why are my emotions mixed?
0:20.1	It's this whole business of the
0:22.0	student loan forgiveness plan that was overturned by the Supreme Court recently. And the reason I have
0:29.3	mixed feelings is because my daughter stood to get $10,000 forgiven. And I was all for that,
0:36.4	particularly considering she's unemployed and now
0:38.8	pursuing a master's degree so what happens from here that's one of the things we're going to talk
0:44.1	about today plus plus as an added bonus we have a topic that you've you've always known and loved
0:51.4	these special people um and people and I get special favors programs made just for them
1:00.5	so stick around for another edition of Talking Real Money. We love trying to help you with money
1:07.3	and we take your questions at 855935 Talk Talk or online at talking realmoney.com.
1:13.8	Today, though, let's start with student loans.
1:16.4	Was it legal? Was it not legal? Apparently it wasn't to just forgive student loans.
1:21.6	So what do these kids do? They have these massive, and I'm talking kids in a very large sense because there are people in their in their 40s still paying on their student loans.
1:36.6	And what, it's a huge burden on a lot of kids.
1:40.7	They took on these loans in college.
1:43.2	They, a lot of them were just awful. They are,
	...

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