AI

Traditional or Roth 401(k)?

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We start the show this week with Shirley from D.C. who’s wondering if she should be using the Roth 401(k) that’s available to her. Most large companies nowadays offer the Roth option, the problem is that many employees aren’t familiar with what it is or how it works.

Next up was Laura from Seattle who has one main question: is our financial picture solid and sound? Sounds simple, but you guys know there’s a lot more to it than that.

Since 1973, our productivity has grown almost six times faster than our wages. Most of us rank so far below the top earners in the country that the "winners" might as well inhabit another planet.

But work is about much more than earning a living. Work gives us our identity, and a sense of purpose and place in this world. And yet, work as we know it is under siege.

Joining us today to discuss is Ellen Ruppel Shell, author of The Job: Work and Its Future in a Time of Radical Change.

Through exhaustive reporting and keen analysis, The Job reveals the startling truths and unveils the pervasive myths that have colored our thinking on one of the most urgent issues of our day: how to build good work in a globalized and digitalized world where middle class jobs seem to be slipping away.

Traveling from deep in Appalachia to the heart of the Midwestern rust belt, from a struggling custom clothing maker in Massachusetts to a thriving co-working center in Minnesota, Shell presents evidence from a wide range of disciplines to show how our educational system, our politics, and our very sense of self have been held captive to and distorted by outdated notions of what it means to get and keep a good job.

Work, in all its richness, complexity, rewards and pain, is essential for people to flourish. Ellen Ruppel Shell paints a compelling portrait of where we stand today, and points to a promising and hopeful way forward.

Have a money question? Email me here.

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"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.

Target Date Funds and Robots, AI, and Automation

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We're kicking things off this weekend with Susan from Chicago who is in the process of reevaluating her 401(k) and is wondering which target date fund she should be using? Should she even be using a target date fund? Or are there better alternatives? 

Next up was Katrina from Alabama who is trying to game plan for retirement. Up until now almost everything has been saved in traditional 401(k) plans...should she and her husband start using the Roth feature?  

The robots are coming, the robots are coming!!

Okay, so maybe we’re not yet living in a world that looks like the movie Terminator, but it’s safe to say that changes are coming to the workforce as we know it. Robots, artificial intelligence, and driverless cars are no longer things of the distant future. They are with us today and will become increasingly common in coming years, along with virtual reality and digital personal assistants.

That’s what we’re talking about today with Darrell West, a decades-long connection of mine who is vice president and director of Governance Studies and the founding director of the Center for Technology Innovation at the Brookings Institution. In his latest book, The Future of Work: Robots, AI, and Automation, West explores the current state of the workplace, how technological innovation will disrupt it and why government policy needs to change to help workers adapt to it.

If companies need fewer workers due to automation and robotics, what happens to those who once held those jobs and don't have the skills for new jobs? And since many benefits are delivered through employers, how are people outside the workforce for a lengthy period of time going to earn a living and get health care and social benefits?

Throughout the pages of this book, West argues that society needs to rethink the concept of jobs, reconfigure the social contract, move toward a system of lifetime learning, and develop a new kind of politics that can deal with economic dislocations.

West presents a number of proposals to help people deal with the transition from an industrial to a digital economy:

  • Broaden the concept of employment to include volunteering and parenting and pay greater attention to the opportunities for leisure time
  • Workers will need help throughout their lifetimes to acquire new skills and develop new job capabilities
  • Political reforms will be necessary to reduce polarization and restore civility so there can be open and healthy debate about where responsibility lies for economic well-being

It’s a fascinating read about what faces us in the days ahead...a discussion that should take place sooner rather than later.

Have a money question? Email me here.

Connect with me at these places for all my content:

https://twitter.com/jillonmoney

https://www.facebook.com/JillonMoney

https://www.instagram.com/jillonmoney/

https://www.linkedin.com/in/jillonmoney/ 

http://www.stitcher.com/podcast/jill-... 

https://apple.co/2pmVi50

"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.

Robots, AI, and Automation with Darrell West

The robots are coming, the robots are coming!!

Okay, so maybe we’re not yet living in a world that looks like the movie Terminator, but it’s safe to say that changes are coming to the workforce as we know it. Robots, artificial intelligence, and driverless cars are no longer things of the distant future. They are with us today and will become increasingly common in coming years, along with virtual reality and digital personal assistants.

That’s what we’re talking about today with Darrell West, a decades-long connection of mine who is vice president and director of Governance Studies and the founding director of the Center for Technology Innovation at the Brookings Institution. In his latest book, The Future of Work: Robots, AI, and Automation, West explores the current state of the workplace, how technological innovation will disrupt it and why government policy needs to change to help workers adapt to it.

If companies need fewer workers due to automation and robotics, what happens to those who once held those jobs and don't have the skills for new jobs? And since many benefits are delivered through employers, how are people outside the workforce for a lengthy period of time going to earn a living and get health care and social benefits?

Throughout the pages of this book, West argues that society needs to rethink the concept of jobs, reconfigure the social contract, move toward a system of lifetime learning, and develop a new kind of politics that can deal with economic dislocations.

West presents a number of proposals to help people deal with the transition from an industrial to a digital economy:

  • Broaden the concept of employment to include volunteering and parenting and pay greater attention to the opportunities for leisure time
  • Workers will need help throughout their lifetimes to acquire new skills and develop new job capabilities
  • Political reforms will be necessary to reduce polarization and restore civility so there can be open and healthy debate about where responsibility lies for economic well-being

It’s a fascinating read about what faces us in the days ahead...a discussion that should take place sooner rather than later.

“Better Off” is sponsored by Betterment.

Have a money question? Email me here or call 855-411-JILL.

We love feedback so please subscribe and leave us a rating or review in Apple Podcasts!

Connect with me at these places for all my content:

https://twitter.com/jillonmoney

https://www.facebook.com/JillonMoney

https://www.instagram.com/jillonmoney/

https://www.linkedin.com/in/jillonmoney/ 

http://www.stitcher.com/podcast/jill-... 

https://apple.co/2pmVi50

"Better Off" theme music is by Joel Goodman, www.joelgoodman.com.

#336 Money, Pop Culture and Technology with the 404 Guys

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Yes, this is still here, and it will be for a while longer to serve as a reminder that there's a new place for Jill on Money content - YouTube!  Seems like a no-brainer, but sometimes it takes a little outside help (h/t to JOM friend, Joe A!) to recognize the obvious.  So don't freak out.  Going forward, we're going to put all our radio and podcast content on YouTube! It'll be easier for you to navigate and listen to past shows, because everything will be in one place.  Just click any of the links below and you'll be able to listen to this week's show as well as anything else you see that might interest you, including all the Better Off podcast content if you haven't been listening. Let us know what you think by emailing us at askjill@jillonmoney.com.

CLICK HERE FOR LATEST SHOW ON YOUTUBE

Aug 12 Download Hour One Here

We started the show with Kevin from California, who wants to know what he and his wife should do with money that they were recently gifted. We kept the action in California with Allison, who wanted to know if she made a mistake by retiring early. We finished up with Dwayne, who had a mortgage question.

CLICK HERE FOR LATEST SHOW ON YOUTUBE

Aug 12 Download Hour Two Here

Hour two saw the return of Aunt Jill or #AuntJill to those in the know!  When it comes to money and personal finance, I like to think I know a thing or two. But when it comes to technology and gadgets, I turn to experts Jeff Bakalar and Russ Frushtick. Jeff and Russ host The 404, the longest running podcast on CNET that focuses on pop-culture, tech, movies, comics, video games and more.

It’s a good arrangement: When Jeff and Russ have questions regarding their financial lives, they know who to call—and they really do, from time to time. When I need help purchasing a new phone or want to understand what lies ahead on the tech landscape, I return the favor.

The technology world changes so fast it’s almost impossible to keep up with it. Every week, there’s some new announcement—a hot app, a hopeful tech IPO, a disruptive innovation—it’s never ending. We touched on a variety of topics that we once thought we’d only see in a Hollywood movie:

  • Artificial intelligence (AI)
  • Virtual reality (VR)
  • Self-driving vehicles
  • UPS using drones to deliver packages

We also talked about current issues:

  • Uber versus the cab companies? Is the competition a good thing? Will it force the cab industry to reinvent itself?
  • Will buying an Amazon Echo cause me to become incredibly lazy? Call me old fashioned but I actually like turning on the lights myself.

I think I get points for being active on Twitter and Instagram...though I’m not sure you’ll see me wearing a virtual reality headset anytime soon. That said, give this hour a listen, especially if you’re wondering if you really need to upgrade your phone every year or two.

Thanks to everyone who participated this week, especially Mark, the Best Producer/Music Curator in the World. Here's how to contact us:

  • Call 855-411-JILL and we'll schedule time to get you on the show LIVE 

Ep. 030 - Pop Culture and Technology with Jeff Bakalar and Russ Frushtick

When it comes to money and personal finance, I like to think I know a thing or two. But when it comes to technology and gadgets, I turn to experts Jeff Bakalar and Russ Frushtick. Jeff and Russ host The 404 Show, a popular CNET podcast that focuses on pop-culture, tech, movies, comics, video games and more.

It’s a good arrangement: When Jeff and Russ have questions regarding their financial lives, they know who to call—and they really do, from time to time. When I need help purchasing a new phone or want to understand what lies ahead on the tech landscape, I return the favor.

The technology world changes so fast it’s almost impossible to keep up with it. Every month it seems, there’s some new announcement—a hot new app, a popular gadget, a hopeful tech IPO, a disruptive innovation—it’s never ending.

In this latest episode of “Better Off,” we touched on a variety of topics that we once thought we’d only see in a Hollywood movie:

  • Artificial intelligence (AI)
  • Virtual reality (VR)
  • Self-driving vehicles
  • UPS using drones to deliver packages

We also talked about current issues:

Uber versus the cab companies? Is the competition a good thing? Will it force the cab industry to reinvent itself?

Will buying an Amazon Echo cause me to become incredibly lazy? Call me old fashioned but I actually like turning on the lights myself.

I think I get points for being active on Twitter and Instagram…though I’m not sure you’ll see me wearing a virtual reality headset anytime soon.  That said, give this episode a listen, especially if you’re wondering if you really need to upgrade your phone every year or two.

“Better Off” is sponsored by Betterment.

Have a finance related question? Email us here or call 855-411-JILL.

We love feedback so please subscribe and leave us a rating or review in iTunes!

Connect with me at these places for all my content:

https://twitter.com/jillonmoney

https://www.facebook.com/JillonMoney

https://www.instagram.com/jillonmoney/

https://www.linkedin.com/in/jillonmoney/ 

http://www.stitcher.com/podcast/jill-... 

http://betteroffpodcast.com/

https://itunes.apple.com/us/podcast/b...

"Better Off" theme music is by Joel Goodman, www.joelgoodman.com.