It's not a free lunch, but it's free advice

There’s something ironic about government giving “trustworthy” advice about finance, but San Francisco, seems to believe it has the chops. This weekend Mayor Gavin Newsom will team up with The City’s treasurer at an all-day event where residents can get free financial advice.

The mayor’s “Financial Planning Day” will be Saturday at UC Hastings, where all residents will get free private consultation from one of 60 professional financial planners there. You can ask your most pressing questions – from retirement savings, savings for homeownership, debt, student loans to children's college savings.

True, the average American household has over $8,000 in credit card debt, the average college student has over $21,000 in student loans and one out of seven adults aged 41 to 54 has zero in savings: Still, you should always be skeptical of anything that’s free.

 

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