Anna Helhoski

Yeah, this falls under the category of don't believe everything you read, watch, or hear just because someone has a big following.

Yeah, this falls under the category of don't believe everything you read, watch, or hear just because someone has a big following.

Yeah, this falls under the category of don't believe everything you read, watch, or hear just because someone has a big following.

Yeah, Tess, that's too many influencers if you ask me. Now, as we all know, an influencer's job is to entertain and inform, even if the information isn't all that accurate. Finance TikTok, more commonly known as Fintalk, has some particularly egregious advice from influencers.

Yeah, Tess, that's too many influencers if you ask me. Now, as we all know, an influencer's job is to entertain and inform, even if the information isn't all that accurate. Finance TikTok, more commonly known as Fintalk, has some particularly egregious advice from influencers.

Yeah, Tess, that's too many influencers if you ask me. Now, as we all know, an influencer's job is to entertain and inform, even if the information isn't all that accurate. Finance TikTok, more commonly known as Fintalk, has some particularly egregious advice from influencers.

Hmm. Sounds a little fishy to me, Tess, but let's ask someone with a little more expertise in that area. Fortunately, we have Alana Benson, an investing writer here at NerdWallet, to talk us through it. Alana, welcome back to Smart Money. Thanks for having me. So first off, set the record straight for us. Is life insurance considered an investment? And how does it differ from a 401k?

Hmm. Sounds a little fishy to me, Tess, but let's ask someone with a little more expertise in that area. Fortunately, we have Alana Benson, an investing writer here at NerdWallet, to talk us through it. Alana, welcome back to Smart Money. Thanks for having me. So first off, set the record straight for us. Is life insurance considered an investment? And how does it differ from a 401k?

Hmm. Sounds a little fishy to me, Tess, but let's ask someone with a little more expertise in that area. Fortunately, we have Alana Benson, an investing writer here at NerdWallet, to talk us through it. Alana, welcome back to Smart Money. Thanks for having me. So first off, set the record straight for us. Is life insurance considered an investment? And how does it differ from a 401k?

And Alana, are there any types of life insurance policies that do grow like an investment account? I'm thinking of the whole life insurance policy that my parents took out for me when I was really young that I've been paying for annually since my early 20s. There is a cash value account in it.

And Alana, are there any types of life insurance policies that do grow like an investment account? I'm thinking of the whole life insurance policy that my parents took out for me when I was really young that I've been paying for annually since my early 20s. There is a cash value account in it.

And Alana, are there any types of life insurance policies that do grow like an investment account? I'm thinking of the whole life insurance policy that my parents took out for me when I was really young that I've been paying for annually since my early 20s. There is a cash value account in it.

So if the argument is that life insurance can earn interest from the stock market like a 401k does, then other than fees, why is it bad advice?

So if the argument is that life insurance can earn interest from the stock market like a 401k does, then other than fees, why is it bad advice?

So if the argument is that life insurance can earn interest from the stock market like a 401k does, then other than fees, why is it bad advice?

Do you have any advice for people who are getting investing or other personal finance advice off TikTok? How do you know what's good advice and what's not?

Do you have any advice for people who are getting investing or other personal finance advice off TikTok? How do you know what's good advice and what's not?

Do you have any advice for people who are getting investing or other personal finance advice off TikTok? How do you know what's good advice and what's not?

Now, as a reminder, GDP measures the output of all goods and services across the economy. And in part, we can pat ourselves on the back for the boost in that number. Consumer spending was up 3.7%, adjusted for inflation.

Now, as a reminder, GDP measures the output of all goods and services across the economy. And in part, we can pat ourselves on the back for the boost in that number. Consumer spending was up 3.7%, adjusted for inflation.