retirement plan

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?

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"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?

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

Are We on Track for Retirement?

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How do you know if you're on track for retirement? You reach out to the Jill on Money podcast! That's what Lisette from New York did. She wanted to check-in and take the temperature on whether or not she and her husband are moving in the right direction. 

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

Considering a Job Offer

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When considering a job offer, there are many factors to consider, perhaps none more important than the retirement plan. That's what we're discussing on the latest bonus call with Tom from the Bay Area.

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Investor Panic Prevention Plan

Investor Panic Prevention Plan

December has been a rough month for investors, the kind of month that makes even the most battle scarred veterans’ hold their breath and hope for a sign that the worst is over. Sorry to say that there is never such a sign, which is why the saying “they don’t ring a bell at the top or at the bottom!” came into being.

When to Sell Real Estate

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Is there ever a perfect time to sell real estate? Is there such a thing as trying to time the market? That's the conversation on the latest bonus call with Gretchen from North Carolina.

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Should I Do a Roth Conversion

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This week we're chatting with Laurie from Salt Lake City who wants to know if it makes sense to start converting some of her traditional IRA into a Roth.

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Roth IRA Conversion and Year-End Money Tips

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We kicked things off this week with Mike from Minneapolis. With a lot saved in tax deferred accounts, Mike is wondering if it makes sense to start converting some of the money into a Roth IRA? Sounds like a great idea, but there's a caveat.

Next up was Monica from Brooklyn, NY. She's only in her 30s, but Monica is absolutely killing it. Probably one of the top ten calls of 2018. Enjoy!

December is upon us, which means I basically have your attention for about another week or so.

After that, let’s face it, we’re all checking out for the rest of 2018.

So while I have you, and as the year comes to an end, it's a perfect time to review some year-end financial planning tips.

For such an occasion there's no better duo than Michael Goodman and Brenna McLoughlin from Wealthstream Advisors. And in the interest of full disclosure, not only is Michael a dear friend of mine, he's also my advisor.

We discussed a variety of financial planning topics to ponder before you shut down for the holidays, including:

Selling assets in your portfolio now versus waiting until next year: Losses offset gains that you have taken previously in the year; if you have more losses than gains, you can deduct up to $3,000 of losses against ordinary income.

Take Required Minimum Distributions: Generally, once you turn 70 1/2, you must begin withdrawing a specific amount of money from your retirement assets (there are some exceptions). The penalty for not taking your RMD is steep at 50 percent on the shortfall!

Consider a Qualified Charitable Distribution (QCD): One way to sidestep the taxation on your RMD is to make a Qualified Charitable Distribution, which allows you to gift directly from your IRA to a charity without having to include the distribution in your taxable income.

Making last minute 529 plan contributions: Money saved in these programs grows tax-free and withdrawals used to pay for college sidestep taxes, too. You can invest up to $15,000 in 2018 without incurring a federal gift tax and many states offer state tax deductions for the contributions.

Considering how tax changes could affect you: With all the changes to the tax code, there’s plenty of items to keep in mind before filing your 2018 returns.

So before you completely shut it down and wrap up your 2018 finances, you’ll want to listen to this episode to make sure there’s nothing you’re forgetting.

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

Mastering the Market Cycle with Howard Marks

It’s always a treat when we have a real Wall Street legend in the studio, and that’s the case on the latest episode as we chat with Howard Marks, author of Mastering the Market Cycle: Getting the Odds on Your Side.

As co-chairman and co-founder of Oaktree Capital Management, Howard Marks oversees a leading investment firm responsible for over $120 billion in assets.

We all know markets rise and fall, but when should you pull out, and when should you stay in? The answer is never black or white, but is best reached through a keen understanding of the reasons behind the rhythm of cycles.

Confidence about where we are in a cycle comes when you learn the patterns of ups and downs that influence not just economics, markets and companies, but also human psychology and the investing behaviors that result.

If you study past cycles, understand their origins and remain alert for the next one, you will become keenly attuned to the investment environment as it changes.

By following Marks’s insights, which are drawn from his memorable memos to clients, you might find yourself recognizing these recurring patterns to help with your own financial gain and psychological benefit.

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