Check your credit reports to confirm that you owe no debts before taking action against debt collection calls
Engaging with a collection agency can potentially trigger increased collection efforts, especially if you owe money
Since you don't owe any money, you can send a letter to the agency stating that you don't owe the debt and request them to stop contacting you
Seek advice from debt experts if you owe money, can't afford to pay it back, and are concerned about potential legal action
Age is not a restriction for contributing to a retirement fund; your teenagers can start their own retirement accounts if they earn enough
Make sure to hire a financial advisor who acts as a fiduciary and prioritizes your interests over their own
Some advisors may operate under a lower "suitability" standard, potentially recommending investments that benefit them more than you
Consider target date mutual funds offered by your investing firm, as they adjust the investment mix based on your retirement date
Robo-advisors can also handle investment management using computer algorithms, eliminating the need for a human advisor
If you have broader financial questions beyond investment management, seek the assistance of a fiduciary advisor for a fee or through your discount brokerage