financial planning

The first thing to realize about financial advice is that it's not free — and it often costs more than you think. That's what Morra Aarons-Mele found when she decided to find a financial adviser after she inherited an IRA from her father.

"I felt like I wanted an adviser because I was uncertain about — I never had any money before, frankly, and I really wanted to be a good steward of it," Aarons-Mele says.

In the first segment:

A recent study by the Consumer Financial Protection Bureau (CFPB) found that 25 times more money is spent advertising financial products then on educating people on what these products are. Anyone who is up watching TV past 9 p.m. knows this is especially true of reverse mortgages.