rollover

My Old Retirement Plan

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You started a new job but still have a 401(k) with the old employer. What should you do with it? Roll it into the new plan? Leave it where it is? Roll it into a rollover IRA? That's what we're discussing on the latest bonus call with Molly.

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What to Do With Your Old Retirement Plan

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We've all been there. Leaving one job and starting another. But what should you do with your retirement account at the old place? That's the question from Nate on the latest BONUS call.

“Better Off” is sponsored by Betterment.

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

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Inheritance, Retirement Planning, How to Find an Advisor, Investing Extra Money

Another week of calls and emails as we try to clear out the inbox. So far we've barely made a dent.

This week we started the show with Shane from Iowa who recently inherited $500,000 and is looking for some input as to how he should invest it with the goal of early retirement in mind.

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Next up was Alison from Ohio, an awesome saver who only makes $40,000. Just goes to show you that you don't need to make a ton to save a ton. With a little extra to invest, she's wondering what else she should be doing. 

The final call of the first hour came from Jesse in Missouri. Jesse has a 401(k) plan from a former employer and is wondering what he should do with it. Keep it where it is? Or rollover into something else? 

We kicked off hour two with Aaron from North Carolina. As a recent grad with a new job, and making more money than ever, what should he be doing to prepare for retirement down the road?  

Next was Kelly from Virginia who has about $60,000 sitting in a savings account and CDs. Is there a better alternative?  

The final call of hour two was from Marilyn in New York who is having a hard time finding a trustworthy advisor she can work with. Such a great call!  

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

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100 Questions Every First-Time Home Buyer Should Ask

Home ownership has always been considered an essential part of the American Dream.

And while it may be getting harder to accomplish—especially for the millennials—it’s still pretty high on the list of goals. If you’re going to do it, make sure you do it right by doing your homework and asking the right kinds of questions:

  • What can you afford?
  • What do you want in a home, and what do you really need?
  • What does "location, location, location" really mean?
  • How do I decide what to offer on a house?
  • What exactly does the closing process look like?

While it’s hard to ignore all the financial implications of making such a large investment, there are, of course, the equally important issues related to life, family and relationships that arise in buying a home.

And quick postscript to all you millennials out there who want to buy, but feel like the cards are stacked against you...hit up the app store on your phone and put all the tools and technology at your fingertips to use to help you find the best deal possible.

And remember, the American Dream is still very much alive and achievable.  

“Better Off” is sponsored by Betterment.

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

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Inflation-Proof Your Life

Inflation-Proof Your Life

Worries about rising inflation have spooked stock and bond investors. As a reminder, inflation occurs when the prices of goods and services rise and as a result, every dollar you spend in the economy purchases less. The annual rate of inflation over from 1917 until 2017 has averaged just over 3 percent annually. That might not sound like much, but consider this: today you need $7,272.09 in cash to buy what $1,000 could buy in 50 years ago.

Better Off BONUS call: Investment Property

If there's a piece of property in the family that's on the market, would it make sense to buy it and keep in the family as an investment property? That's the question from Ryan on the latest BONUS call.

“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 Apple Podcasts!

Connect with me at these places for all my content:

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

Stock Market Correction: What to do Now

Stock Market Correction: What to do Now

We knew that a stock market correction was coming, but why then did everyone seem so shocked when it arrived on Februarys 8th? Corrections, defined as 10 percent drops from the recent highs (January 26th), usually occur every year or so. Until last week, it had been two full years since the major US indexes had corrected. In other words, we were overdue for a drop.

CBS This Morning: Why Stock Market's Recent Volatility is Healthy

A wild week on Wall Street came to an end with a small rally on Friday. I joined CBS This Morning to explain why such volatility might not be a bad thing. 

CBS This Morning: Wall Street Market Correction

Wall Street opens after the Dow suffered its second-worst points drop ever. It closed more than 1,000 points lower Thursday. The worst drop in history, nearly 1,200 points, happened Monday. I join CBS This Morning to discuss why the market is in correction territory.

CFP® Pro Tip of the Week - February 9, 2018: Side Hustle