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Your Parents’ Financial Advice Is Probably Wrong (for You)

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Debbie Heffernan Gallant followed her dad’s advice to invest in his favorite mutual fund when she opened an IRA in 1984. “The great part of the advice was opening an IRA at age 21 before I even had graduated from college, plus putting money in the stock market,” she says. The not-so-great part: Mutual funds…


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