retirement

Should I Pay Off the Car Loan Early?

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We start the show this week with Devin from Pittsburgh who is wondering if it makes sense for him to use some of his cash savings to pay off his car loan. Sounds like a no brainer, right?

Next up was Katie from Omaha, who’s wants to start increasing her retirement savings, but isn’t sure which is the best vehicle to use. A deferred comp option? Backdoor Roth? Or a plain old brokerage account?

The email purge continues in hour two. We’re making a pretty good dent and hope to be caught by early September.

Have a money question? Email me here.

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

Having the Money Talk with Your Parents

As your parents age, you may find that you want or need to broach the often-difficult subject of finances. 

In Mom and Dad, We Need to Talk: How to Have Essential Conversations with Your Parents About Their Finances, personal finance journalist Cameron Huddleston lays out the best ways to approach this issue, along with a wealth of financial and legal information that will help you help your parents into and through their golden years.

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Sometimes parents are reluctant to address money matters with their adult children, and topics such as long-term care, retirement savings (or lack thereof), and end-of-life planning can be particularly touchy. 

In this book, you’ll hear from others in similar positions who have successfully had “the talk” with their parents, and you’ll read about a variety of conversation strategies that can make talking finances more comfortable and more productive.

  • Learn conversation starters and strategies to open the lines of communication about your parents’ finances

  • Discover the essential financial and legal information you should gather from your parents to be prepared for the future

  • Gain insight from others’ stories of successfully talking money with aging parents

  • Gather the courage, hope, and motivation you need to broach difficult subjects such as care facilities and end-of-life plans

Although talking money with your parents can be hard, you aren’t alone, and this book will guide you through the process of having fruitful financial conversations that lead to meaningful action.

Have a money question? Email me here.

Please leave us a rating or review in Apple Podcasts.

Connect with me at these places for all my content:

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

How to Save for Retirement?

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Today we're talking to Jed from South Dakota who is new to the investing world and trying to figure out how to make up for lost time.

Have a money question? Email me here.

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Connect with me at these places for all my content:

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

Talking Money with Your Parents

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This week we start the show with Kimberly from Atlanta. She and her husband are doing a great job of saving but are having a difficult time taking the next step of actually investing a good chunk of their money. Do they need to see a planner? Or is this a situation where they can do it on their own? Or maybe a robo?

Next up was Mary from San Francisco who is in the running for daughter of the year. Being the good person she is, Mary is in the process of trying to help her parents get their finances in order. A problem that’s more common than you’d think.

No hour two guest this week as we try to yet again catch up on the emails. We’ll likely be doing this throughout the month of August, so if you’re a fan on the guest interviews, expect them to return in September.

Have a money question? Email me here.

Please leave us a rating or review in Apple Podcasts.

Connect with me at these places for all my content:

https://www.jillonmoney.com/
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"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.

Should I Move to Make More Money?

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We start the show this week with Aimee from Mississippi who had an interesting question. Should she stay where she is and make less, or pack up and move for a higher salary? So many things to factor when making such a decision, like the cost of living and whether or not you really want to move!

On the Jill on Money show we like to celebrate financial literacy year round.

To help us break down the ABCs of financial literacy, we’re joined by Nan Morrison, President and Chief Executive Officer of the Council for Economic Education.

The Council for Economic Education’s mission is to teach K-12 students about economics and personal finance. The goal is to reach and teach every child in every district and school so that they can make better decisions for themselves, their families and their communities.

The global economy has become so complex that the gap between what people know about economics and personal finance, and what they need to know, is widening every day.

Americans are increasingly responsible for their financial future; yet an alarming number lack even basic economic awareness. Only 43% of 12th grade students tested at or above proficient on the most recent National Assessment of Educational Progress economics assessment, and American teenagers fall in the middle of the pack globally in financial literacy.

Many parents are ill-equipped to instruct their children in economics and personal finance, and teachers, too, are often unprepared to impart this essential knowledge.

That’s why more than ever we need to be passionate about educating young people about an economy they will work in, benefit from, and ultimately, inherit.

Have a money question? Email me here.

Please leave us a rating or review in Apple Podcasts.

Connect with me at these places for all my content:

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

What Should the Priority Be?

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If you're saving for retirement, establishing an emergency reserve, and trying to pay off student loans, what should the priority be? Should you be doing all three at once? That's what Ryan from Philadelphia wanted to know.

Have a money question? Email me here.

Please leave us a rating or review in Apple Podcasts.

Connect with me at these places for all my content:

https://www.jillonmoney.com/
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"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.

Can We Retire?

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We kick things off this week with Richard from New York who is wondering if it makes sense for him to start doing some Roth conversions? By far one of the most frequent questions to hit the inbox.

Next up was Liz from Buffalo who’s wondering if she and her husband have enough saved to call it quits when they hit 65 or so.

The summer travel season is officially upon us which means millions of Americans will be hitting the roads and taking to the skies to enjoy their long awaited vacations. 

Whether you want to hit the beach, blaze a trail off the beaten path or explore one of the major tourist destinations, there’s a smart way to do it. That’s where Seth Kugel, our latest guest, enters the picture.

With many credits under his belt, including the Frugal Traveler columnist for the New York Times, and author of Rediscovering Travel: A Guide for the Globally Curious, Seth is full of tips and suggestions to help you get the most out of your latest travel experience. 

Where to go? Where not to go? Drive, train or fly? From Brazil and Prague to India and Italy, we circle the globe with Seth and provide you with useful tips to easily reach your destination, with a few bucks left in your pocket.

For the tight-belted tourist and the first-class flyer, the eager student and the comfort-seeking retiree, Seth Kugel is all about showing how we too can rediscover the joy of discovery.

Have a money question? Email me here.

Please leave us a rating or review in Apple Podcasts.

Connect with me at these places for all my content:

https://www.jillonmoney.com/
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"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.

Roth IRA or 403(b)

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Having options is a good thing, especially when it comes to your investments. That's what prompted Lauren from New York City to reach out. Should she be contributing to her 403(b) or her Roth IRA? Or should she be using a regular brokerage account?

Have a money question? Email me here.

Please leave us a rating or review in Apple Podcasts.

Connect with me at these places for all my content:

https://www.jillonmoney.com/
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https://apple.co/2pmVi50

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

Are We in Good Shape for Retirement?

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As is often the case on the show, somebody calls up asking one thing and the discussion turns into a full-blown retirement planning call. That’s what happened with Bill in Illinois who did a great job of saving for retirement, but what about his asset allocation? Is it where it should be?

Millennials want to learn how to start investing. The problem is that most have no idea where to begin. There's a significant lack of information out there catering to the concerns of new millennial investors, such as:

  • Should I invest while paying down student loans?

  • How do I invest in a socially responsible way?

  • What about robo-advisors and apps, are any of them any good?

  • Where can I look online for investment advice?

That’s why we’re happy to have Erin Lowry back on the show to discuss her latest book, Broke Millennial Takes On Investing: A Beginner's Guide to Leveling Up Your Money.

In this second book in the Broke Millennial series, Lowry answers those questions and delivers all of the investment basics in one easy-to-digest package.

Tackling topics ranging from common terminology to how to handle your anxiety to retirement savings and even how to actually buy and sell a stock, this hands-on guide will help any investment newbie become a confident player in the market on their way to building wealth.

Have a money question? Email me here.

Please leave us a rating or review in Apple Podcasts.

Connect with me at these places for all my content:

https://www.jillonmoney.com/
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https://apple.co/2pmVi50

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

Do I Need a Life Insurance Retirement Plan?

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Yet another call from a listener who's being pitched an insurance product as an additional tool for retirement. This time it's Avi in California asking about a LIRP, a life insurance retirement plan. Does he need it?

Have a money question? Email me here.

Please leave us a rating or review in Apple Podcasts.

Connect with me at these places for all my content:

https://www.jillonmoney.com/
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https://apple.co/2pmVi50

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