Listen Money Matters - Free Your Inner Financial Badass. All The Stuff You Should Know About Personal Finance.

It’s time for your questions.  We’ll cover brokerage accounts, car payments, and credit card fraud.  You know where to come for the answers. 1.  Why us Betterment over Vanguard S&P 500 for index funds? Betterment has a much lower minimum for investing.  To get into that Vanguard fund, the minimum is $10,000. 2.  Is it worthwhile to have more than one brokerage account?  It depends on your goals and how involved you want to be.  Betterment is the hands off option.  A good reason to have multiple accounts is SIPC protection.  Each account is guaranteed up to $500,000.  If you have more than that in an account, you could lose that amount.  Spreading the money out in $500,000 increments is safer. 3.  Why is Matt investing when he has a car loan he’s paying interest on?  Matt’s interest rate is 2% so he’s making more in investments.  As long as your interest rate is very low, keep the money invested. 4.  If I have fraud on my credit card and have to receive a new account number, does that negatively impact my