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Better Off with Jill Schlesinger

Better Off with Jill Schlesinger

Description

Host Jill Schlesinger, CFP®, tackles sometimes uncomfortable and even controversial money and investing issues, without the financial jargon, to get to the heart of what’s important for anyone to know. Jill takes listener phone calls and interviews informative and entertaining guests each week to uncover surprising insights and provide actionable information so you can make the most of your money. This show is sponsored by Betterment. Have a question? Email us at askjill@betteroffpodcast.com.

Categories

Business

Episodes

Year-End Financial Planning Tips

Dec 6, 2018 00:37:32

Description:

December is upon us, which means I basically have your attention for about two more weeks max.

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.

If you have a money question, just email me!

“Better Off” is sponsored by Betterment.

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

Connect with me at these places for all my content:

http://www.jillonmoney.com/ 

https://twitter.com/jillonmoney 

https://www.facebook.com/JillonMoney 

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

https://www.youtube.com/c/JillSchlesinger 

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

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

https://apple.co/2pmVi50

My Old Retirement Plan

Dec 4, 2018 00:05:58

Description:

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.

Have a money question? Email me here.

“Better Off” is sponsored by Betterment.

We love feedback so please leave us a rating or review in Apple Podcasts.

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

Connect with me at these places for all my content:

http://www.jillonmoney.com/ 

https://twitter.com/jillonmoney 

https://www.facebook.com/JillonMoney 

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

https://www.youtube.com/c/JillSchlesinger 

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

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

https://apple.co/2pmVi50

Making Your Money Work with Swoup

Nov 29, 2018 00:26:32

Description:

Thanksgiving has come and gone, which means the holiday shopping season is upon us.

To start your splurge off on the right foot, here’s your boring piece of financial advice from “Buzz Kill Jill”: DON’T SPEND TOO MUCH MONEY! Yes, the economy is doing well and yes, many of you are enjoying higher take home pay, but get your head on straight and don’t go crazy.

With that out of the way, get organized and download apps that can help you save money. ShopSavvy allows you to scan the barcode of any product and compare all the best prices on the Internet and at nearby, local stores. Shopular provides news of deals, coupons and location-based notifications; and members of the community can communicate with one another and swap savings tips. Flipp creates digital versions of circulars from retailers and combines coupons with these local flyers for savings.

You should also check out Honey, a free browser extension that automatically finds and applies coupon codes at checkout for over 30,000 shopping sites, including Amazon.

While we’re at it, let’s add another to the list: Swoup.

What is it and how does it work? Well, that’s best left to today’s guest, CEO and founder Phil Parrotta.

The nutshell version is that Swoup helps you save money with an easy swipe. Swipe left to discard, swipe up to send to a friend or swipe right to keep and use an offer. Once in your Swoup Wallet, the app will organize your saved offers by retailer, product category and expiration.

Offers you find on Swoup can be used when you go shopping at participating retailers either in-store or online, whichever you prefer. Simply give your retailer loyalty card or phone number at checkout and your discounts are automatically applied.

Swoup helps put your savings to work with minimal effort and no impact on your budget. It’s your savings...well spent!

Happy shopping!

If you have a money question, just email me!

“Better Off” is sponsored by Betterment.

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

Connect with me at these places for all my content:

http://www.jillonmoney.com/ 

https://twitter.com/jillonmoney 

https://www.facebook.com/JillonMoney 

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

https://www.youtube.com/c/JillSchlesinger 

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

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

https://apple.co/2pmVi50

How to Find an Advisor

Nov 27, 2018 00:08:37

Description:

Finding a financial advisor is never easy. It's hard to find somebody you feel totally comfortable with, especially when it comes to your finances. That's what we're discussing on the latest bonus call with Frances from New England.

Have a money question? Email me here.

“Better Off” is sponsored by Betterment.

We love feedback so please leave us a rating or review in Apple Podcasts.

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

Connect with me at these places for all my content:

http://www.jillonmoney.com/ 

https://twitter.com/jillonmoney 

https://www.facebook.com/JillonMoney 

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

https://www.youtube.com/c/JillSchlesinger 

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

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

https://apple.co/2pmVi50

Celebrating Thanksgiving with NerdWallet

Nov 22, 2018 00:27:17

Description:

When I think of Thanksgiving there’s a few things that immediately come to mind. Stuffing my face with endless amounts of food. Maybe drinking copious amounts of wine. Putting on a good movie just as the food coma is about to set in. And of course, the official kickoff of the holiday shopping season.

I’m admittedly not the biggest fan of holiday shopping. That said, I realize it’s a necessary evil. So if I’m going to do it, I want to be well informed.

That’s where today’s guest, Kimberly Palmer, comes into the picture. Kimberly writes about credit cards and personal finance for NerdWallet, the site that helps people make and manage financial decisions by comparing products available from various banks, insurance companies, etc.

If you’re going to splurge for the holidays, you need to have a plan and a budget in place. There are so many apps out there to help you save some serious money, as well as Honey, a browser extension that automatically finds and applies coupon codes at checkout with a single click.

We also touched on a variety of other topics, including:

Salary negotiation tipsMillennials saving for retirementSide hustlesKids and finances


If you like what you heard, you can check out more from Kimberly. She has written three books about money: "Smart Mom, Rich Mom," "The Economy of You" and “Generation Earn.”

If you have a money question, just email me!

“Better Off” is sponsored by Betterment.

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

Connect with me at these places for all my content:

http://www.jillonmoney.com/ 

https://twitter.com/jillonmoney 

https://www.facebook.com/JillonMoney 

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

https://www.youtube.com/c/JillSchlesinger 

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

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

https://apple.co/2pmVi50

Retirement Plan

Nov 20, 2018 00:09:19

Description:

Who doesn't want to retire earlier than expected? Unfortunately, the reality is that most of us can't. Is our latest bonus caller Mark one of the lucky ones? Press play to find out!

Have a money question? Email me here.

“Better Off” is sponsored by Betterment.

We love feedback so please leave us a rating or review in Apple Podcasts.

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

Connect with me at these places for all my content:

http://www.jillonmoney.com/ 

https://twitter.com/jillonmoney 

https://www.facebook.com/JillonMoney 

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

https://www.youtube.com/c/JillSchlesinger 

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

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

https://apple.co/2pmVi50

State of the Economy with Diane Swonk

Nov 15, 2018 00:33:04

Description:

You guys know I’m a sucker for chatting with a rockstar economist, especially when it’s a woman! We did it earlier this year with Linda Yueh, and this week we’re doing it again with Diane Swonk.

Diane is one of the most respected macroeconomists, who maintains a unique perspective on the inner workings of Main Street as well as Wall Street. She is an expert on the economics of the labor market, monetary policy and structural changes that are distinct from economic cycles.

All of this came in handy as we chatted about global and domestic economic conditions, touching on a variety of topics such as:

Will there be more interest rate hikes?Are we on the verge of another recession?What is the biggest threat facing the global economy?

With a network that includes economists, industry leaders and geopolitical experts, Diane advises policy makers at all levels of government, including central bankers.

For her outstanding contributions in the field of economics, Diane has been named a Fellow of the National Association for Business Economics (NABE). She is a member of the Council on Foreign Relations, serves on the Sitting Committee to the Booth School of Business at the University of Chicago and advises the economics department at the University of Michigan.

She has testified before Congress to improve the quality of economic data and on the causes and consequences of income inequalities.

If you’re a Twitter user, Diane is definitely one to follow.

If you have a money question, just email me!

“Better Off” is sponsored by Betterment.

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

Connect with me at these places for all my content:

http://www.jillonmoney.com/ 

https://twitter.com/jillonmoney 

https://www.facebook.com/JillonMoney 

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

https://www.youtube.com/c/JillSchlesinger 

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

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

https://apple.co/2pmVi50

When to Use Bonds

Nov 13, 2018 00:07:29

Description:

You're saving and saving and saving for retirement. Most of it is in stocks...but what about bonds? Do you need them and what's the best way to start mixing them in? That's what we chatted about with Dee from Seattle on the latest bonus call.

Have a money question? Email me here.

“Better Off” is sponsored by Betterment.

We love feedback so please leave us a rating or review in Apple Podcasts.

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

Connect with me at these places for all my content:

http://www.jillonmoney.com/ 

https://twitter.com/jillonmoney 

https://www.facebook.com/JillonMoney 

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

https://www.youtube.com/c/JillSchlesinger 

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

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

https://apple.co/2pmVi50

Blitzscaling with Reid Hoffman and Chris Yeh

Nov 8, 2018 00:37:12

Description:

This year we’ve had some pretty impressive CEOs and entrepreneurs on the show. It continues today with Reid Hoffman. If you don’t know the name, you definitely know some of the products he was behind. How about PayPal or LinkedIn?

Today we’re joined by Hoffman and Chris Yeh, co-authors of the new book, Blitzscaling: The Lightning-Fast Path to Building Massively Valuable Companies.

What entrepreneur or founder doesn’t aspire to build the next Amazon, Facebook, or Airbnb?  Yet those who actually manage to do so are exceedingly rare. So what separates the startups that get disrupted and disappear from the ones that grow to become global giants?

The secret is blitzscaling: a set of techniques for scaling up at a dizzying pace that blows competitors out of the water. The objective of blitzscaling is not to go from zero to one, but from one to one billion, as quickly as possible.

When growing at a breakneck pace, getting to the next level can require very different strategies from those that got you to where you are today.

In a book inspired by their popular class at Stanford Business School, Hoffman and Yeh reveal how to navigate the necessary shifts and weather the unique challenges that arise at each stage of a company’s life cycle, such as:

How to design business models for igniting and sustaining relentless growthStrategies for hiring and managingHow the role of the founder and company culture must evolve as the business matures


If you have a money question, just email me!

“Better Off” is sponsored by Betterment.

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

Connect with me at these places for all my content:

http://www.jillonmoney.com/ 

https://twitter.com/jillonmoney 

https://www.facebook.com/JillonMoney 

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

https://www.youtube.com/c/JillSchlesinger 

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

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

https://apple.co/2pmVi50

What to Do with Old 401(k)

Nov 6, 2018 00:09:17

Description:

Unless you're only going to work for one employer, which is exceedingly unlikely, chances are you're going to have some old retirement plans out there. What should you do with them? Leave where they are? Roll into the new plan? Consolidate? That's the question from Lisa in New Jersey on the latest bonus call.

Have a money question? Email me here.

“Better Off” is sponsored by Betterment.

We love feedback so please leave us a rating or review in Apple Podcasts.

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

Connect with me at these places for all my content:

http://www.jillonmoney.com/ 

https://twitter.com/jillonmoney 

https://www.facebook.com/JillonMoney 

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

https://www.youtube.com/c/JillSchlesinger 

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

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

https://apple.co/2pmVi50

The Fifth Risk with Michael Lewis

Nov 1, 2018 00:30:55

Description:

If you’re a regular listener, you know this show is not political in nature. We leave that stuff to the so-called experts.

But since next Tuesday is Election Day, we thought we’d talk a little politics with rockstar author and repeat guest, Michael Lewis.

A prolific writer, it’s highly likely that you’ve probably picked up at least one of his books, including Moneyball, The Blind Side, The Big Short or Flash Boys.

In this interview, we discuss his latest work, The Fifth Risk, which focuses on the consequences we may face if some of the people given control over the government have no idea how it works. 

As you turn the pages, you’ll be taken into various departments of the government that at times resemble a rudderless ship.

In Agriculture, the funding of vital programs like food stamps and school lunches is being slashed. The Commerce Department may not have enough staff to conduct the 2020 Census properly. Over at Energy, where international nuclear risk is managed, it’s not clear there will be enough inspectors to track and locate black market uranium before terrorists do.

Willful ignorance plays a role in these looming disasters. If your ambition is to maximize short-term gains without regard to the long-term cost, you are better off not knowing those costs. If you want to preserve your personal immunity to the hard problems, it’s better never to really understand those problems. There is upside to ignorance, and downside to knowledge. Knowledge makes life messier. It makes it a bit more difficult for people who wish to shrink the world to a worldview.

Thankfully, Michael Lewis also finds the heroes, those public servants whose knowledge, dedication, and proactivity keep the machinery running.

If you have a money question, just email me!

“Better Off” is sponsored by Betterment.

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

Connect with me at these places for all my content:

http://www.jillonmoney.com/ 

https://twitter.com/jillonmoney 

https://www.facebook.com/JillonMoney 

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

https://www.youtube.com/c/JillSchlesinger 

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

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

https://apple.co/2pmVi50

Should I Buy an Annuity?

Oct 30, 2018 00:05:56

Description:

Michael in Illinois is considering a Qualified Longevity Annuity Contract. What are the pros and cons he should keep in mind when it comes to a QLAC? That's the discussion on the latest bonus call.

Have a money question? Email me here.

“Better Off” is sponsored by Betterment.

We love feedback so please leave us a rating or review in Apple Podcasts.

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

Connect with me at these places for all my content:

http://www.jillonmoney.com/ 

https://twitter.com/jillonmoney 

https://www.facebook.com/JillonMoney 

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

https://www.youtube.com/c/JillSchlesinger 

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

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

https://apple.co/2pmVi50

Estate Planning Done Right

Oct 25, 2018 00:33:02

Description:

Michael Jackson, Prince, Aretha Franklin…these three amazing and wildly successful musicians did not have a will. How could that be, you ask? Don’t they have agents, lawyers and accountants? Didn’t they know at some point they were going to die? “That’s irresponsible,” you say, but welcome to the real world, where even famous people can’t seem to get their acts together to address this difficult topic head on.

According to a Caring.com survey, only 42 percent of U.S. adults currently have estate planning documents, including a will. Shockingly, for those with children under the age of 18, the figure is even lower, with just 36 percent having an end-of-life plan in place. Of those who have not done any estate planning, 47 percent said, “I just haven’t gotten around to it.”

I get it…contemplating one’s death is not exactly high on anybody’s to-do list, but it is important that you overcome the anxieties associated with this emotional topic and take control.

So that’s why today we’re doing an estate planning bootcamp with Russell Fishkind, an attorney with Saul Ewing Arnstein & Lehr.

If you are ready to finally begin or revisit the planning process and seek the guidance of a qualified estate attorney (yes, you should pay up for a lawyer and not do it yourself), here are the basic documents to consider:

Will: A document that ensures that assets are passed to designated beneficiaries, in accordance with your wishes. In the drafting process, you name an executor, the person or institution that oversees the distribution of your assets. If you have minor children, you need to name a guardian for them.Letter of Instruction: This may contain appointment of someone who will ensure for the proper disposition of your remains, creepy, but important if you are choosing a method that is contrary to your family’s tradition.Power of Attorney: Appointment of someone to act as your agent in a variety of circumstances, like withdrawing money from a bank, responding to a tax inquiry or making a trade.Health Care Proxy: Appointment of someone to make healthcare decisions on your behalf if you lose the ability to do so.Trusts: Revocable (changeable) or irrevocable (not-changeable) trusts may be useful, depending on family and tax situations. For 2018, the first $11.2 million of an estate is exempt from federal estate taxes. If an estate is above the threshold (or twice that for married couples), you may want to consider a trust.

If you have a money question, just email me!

“Better Off” is sponsored by Betterment.

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

Connect with me at these places for all my content:

http://www.jillonmoney.com/ 

https://twitter.com/jillonmoney 

https://www.facebook.com/JillonMoney 

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

https://www.youtube.com/c/JillSchlesinger 

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

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

https://apple.co/2pmVi50

Investing Extra Money

Oct 23, 2018 00:10:10

Description:

You just sold a piece of real estate and walked away with 75 grand. What should you do with it? Is paying down another mortgage the best option? That's the question from John in Houston on the latest BONUS call.

Have a money question? Email me here.

“Better Off” is sponsored by Betterment.

We love feedback so please leave us a rating or review in Apple Podcasts.

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

Connect with me at these places for all my content:

http://www.jillonmoney.com/ 

https://twitter.com/jillonmoney 

https://www.facebook.com/JillonMoney 

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

https://www.youtube.com/c/JillSchlesinger 

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

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

https://apple.co/2pmVi50

We Need To Talk College with Beth Kobliner

Oct 18, 2018 00:33:21

Description:

October marks the beginning of the college financial aid application season. The Free Application for Federal Student Aid, more commonly known as the FAFSA, became available for the 2018-2019 school year on October 1.

Having the college talk with your kids can certainly be a tricky and complicated situation. To help you guys out, we’re joined by bestselling author and financial literacy advocate, Beth Kobliner.

Beth’s latest project, We Need To Talk College, focuses on choosing the right college and figuring out how to pay for it.

The project focuses on four main areas:

Starting the conversation: Here’s where the journey begins. Starting to talk about your worries and excitement when your kid is in 9th grade gives your family time to prepare for big changes ahead. So gather around the kitchen table, or cozy up on the couch, and start talking.Shopping for schools: It can be overwhelming—trying to separate higher ed hype from the truth, navigating the application process, and figuring out what your kid will actually get for all that money. Here’s how to become a super smart college shopper and create a shortlist of schools that fit your kid’s needs and your budget.Paying for college: College costs have soared—but a degree is more valuable than ever. Here you’ll find all the resources you need to understand financial aid, talk to your kid about the money side of higher ed, and keep track of your progress toward paying for college.Making the final choice: You’ve come a long way from that first college conversation. Now that the acceptance and award letters are in, it’s time for you and your kid to make a final decision. It can feel like a leap of faith, but never fear: Here’s where you learn how to choose a college that checks all the boxes, without losing your mind.

When you complete these four steps, it’s time to celebrate, because you did it! You have a kid on the way to college!

If you have a money question, just email me!

“Better Off” is sponsored by Betterment.

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

Connect with me at these places for all my content:

http://www.jillonmoney.com/ 

https://twitter.com/jillonmoney 

https://www.facebook.com/JillonMoney 

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

https://www.youtube.com/c/JillSchlesinger 

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

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

https://apple.co/2pmVi50

Active vs Passive Investing

Oct 16, 2018 00:12:05

Description:

By now you probably know that I consider myself a passive investor. That said, is there ever a time when it makes sense to be an active investor so you can squeeze out a greater percentage on that return? That's the question from Ben in Indiana on the latest BONUS call.

Have a money question? Email me here.

“Better Off” is sponsored by Betterment.

We love feedback so please leave us a rating or review in Apple Podcasts.

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

Connect with me at these places for all my content:

http://www.jillonmoney.com/ 

https://twitter.com/jillonmoney 

https://www.facebook.com/JillonMoney 

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

https://www.youtube.com/c/JillSchlesinger 

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

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

https://apple.co/2pmVi50

Becoming the Ultimate Sales Machine with Ryan Serhant

Oct 11, 2018 00:34:24

Description:

I love real estate, and I know I’m not alone because we’re constantly getting questions from you guys about mortgages, the housing market, interest rates, etc.

Maybe some of you like real estate so much that you’re fans of the Bravo television show, Million Dollar Listing New York.

Today we’re joined by Ryan Serhant, one of three real estate agents featured on the hit show, who’s out with his first book, Sell It Like Serhant: How to Sell More, Earn More, and Become the Ultimate Sales Machine.

Think of it as a lively and practical guide to sell anything and up your business game from one of the top realtors in the world.

Serhant was a shy, jobless hand model when he entered the real estate business in 2008, just as the financial crisis was kicking off. Just nine years later, he has emerged as one of the top realtors in the world and an authority on the art of selling.

In this book Serhant shares the secrets behind how to close more deals than anyone else, expand your business, and keep clients coming back to you, including:

The Seven Stages of SellingGetting FKD: How to Be a Time Manager, Not a Time Stealer.Negotiating Like A BOSS"The One Who...": Everyone Needs a HookPulling the Indecisive Client Forward

Serhant provides useful lessons, lively stories, and examples that illustrate how anyone can employ his principles to increase profits and achieve success.

Whatever your business or expertise, Sell It Like Serhant will help transform you into a master at sales.

Ready, set, GO!

If you have a money question, just email me!

“Better Off” is sponsored by Betterment.

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

Connect with me at these places for all my content:

http://www.jillonmoney.com/ 

https://twitter.com/jillonmoney 

https://www.facebook.com/JillonMoney 

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

https://www.youtube.com/c/JillSchlesinger 

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

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

https://apple.co/2pmVi50

Retirement Plan Checkup

Oct 9, 2018 00:11:57

Description:

It's one thing to have a retirement plan in place, but once it's established, you need to tweak and modify it as the years go by, hence the need for regular financial checkups. That's the case today with Jeff who first called me five years ago.

Have a money question? Email me here.

“Better Off” is sponsored by Betterment.

We love feedback so please leave us a rating or review in Apple Podcasts.

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

Connect with me at these places for all my content:

http://www.jillonmoney.com/ 

https://twitter.com/jillonmoney 

https://www.facebook.com/JillonMoney 

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

https://www.youtube.com/c/JillSchlesinger 

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

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

https://apple.co/2pmVi50

Wisdom at Work with Chip Conley

Oct 4, 2018 00:41:53

Description:

When I first walked through the doors of CBS News several years ago, one thing was immediately clear: it’s an interesting mix of the old school and the new school. On one hand you have countless employees who have been in the building for 30 plus years. On the other hand, you have fresh college graduates looking to make it in journalism.

And yet somehow we all come together and make it work. One big team with a crazy assortment of players.

And according to our latest guest, Chip Conley, it’s these well balanced and diverse teams that hold the keys to success. Hence his latest book, Wisdom at Work: The Making of a Modern Elder.

At age 52, after selling the company he founded and ran as CEO for 24 years, Conley was looking at an open horizon in midlife. Then he received a call from the young founders of Airbnb, asking him to help grow their disruptive start-up into a global hospitality giant.

He had the industry experience, but Conley was lacking in the digital fluency of his 20-something colleagues. He didn't write code, or have an Uber or Lyft app on his phone, was twice the age of the average Airbnb employee, and would be reporting to a CEO young enough to be his son.

Conley quickly discovered that while he'd been hired as a teacher and mentor, he was also in many ways a student and intern. What emerged is the secret to thriving as a mid-life worker: learning to marry wisdom and experience with curiosity, a beginner's mind, and a willingness to evolve, all hallmarks of the "Modern Elder."

In a world that places emphasis on the new, bright, and shiny, many of us are left feeling invisible, undervalued, and threatened by the "digital natives" nipping at our heels. But Conley argues that experience is on the brink of a comeback.

At a time when power is shifting younger, companies are finally waking up to the value of the humility, emotional intelligence, and wisdom that come with age. And while digital skills might have only the shelf life of the latest fad or gadget, the human skills that mid-career workers possess - like good judgment, specialized knowledge, and the ability to collaborate and coach - never expire.

If you have a money question, just email me!

“Better Off” is sponsored by Betterment.

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

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Protecting Your Retirement Plan

Oct 2, 2018 00:13:11

Description:

You've done a great job with your retirement plan and a great job of saving. But now you're thinking about worst case scenarios. What happens if there's another recession? Will I lose everything? Is my current allocation too aggressive? That's the scenario on the latest bonus call with Bob from Philadelphia.

Have a money question? Email me here.

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We love feedback so please leave us a rating or review in Apple Podcasts.

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

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An Inside Account of the Financial Crisis

Sep 27, 2018 00:40:57

Description:

This is our third and final installment of shows looking back on the financial crisis of ten years ago. It was such a big moment we felt we needed to devote most of September to remembering how the U.S. financial system was brought to its knees.

Today we get the inside account from Neil Barofsky, the former Inspector General of TARP (Troubled Asset Relief Program) and author of Bailout: An Inside Account of How Washington Abandoned Main Street While Rescuing Wall Street.

As you’ll hear, the discussion is basically a play-by-play of how the Treasury Department bungled the financial bailouts.

At the height of the financial crisis in 2008, Barofsky gave up his job as a prosecutor in the esteemed U.S. Attorney’s Office in New York City, where he had convicted drug kingpins, Wall Street executives, and perpetrators of mortgage fraud, to become the inspector general in charge of overseeing administration of the bailout money.

It’s fascinating to hear him talk about how from the onset, his efforts to protect against fraud and to hold big banks accountable for how they spent taxpayer money were met with outright hostility from Treasury officials in charge of the bailouts.

Barofsky offers an insider’s perspective on the mishandling of the $700 billion TARP bailout fund. There’s no holding back as he reveals the extreme lengths to which our government officials were willing to go in order to serve the interests of Wall Street firms at the expense of the broader public, and at the expense of effective financial reform.

Just like the book, this interview delivered an incredible account of Barofsky’s plunge into the political hot-seat of Washington, as well as a vital revelation of just how captured by Wall Street our political system is and why the too-big-to-fail banks have become even bigger and more dangerous in the wake of the crisis.

If you have a money question, just email me!

“Better Off” is sponsored by Betterment.

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

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How to Invest Extra Money

Sep 25, 2018 00:13:12

Description:

For years and years you've been the sole breadwinner. Now your spouse is back in the workforce and there's a surplus of money flowing in. What should you do with it? That's the good problem facing John from North Carolina.

Have a money question? Email me here.

“Better Off” is sponsored by Betterment.

We love feedback so please leave us a rating or review in Apple Podcasts.

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

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The Global Impact of the Financial Crisis

Sep 20, 2018 00:37:25

Description:

When we think back to ten years ago and the events of the financial crisis, such as the fall of Lehman Brothers and the bailout of AIG, it’s easy to only recall what happened in the U.S.

But in reality, the crisis was an enormous global mess, and one that actually started in Europe.

That’s why today we’re joined by Adam Tooze, professor of history at Columbia University and author of Crashed: How a Decade of Financial Crises Changed the World.

Tooze delivers an in-depth reinterpretation of the 2008 economic crisis as a global event that directly led to the shockwaves being felt around the world today.

In September 2008 President George Bush could still describe the financial crisis as an incident local to Wall Street.

In fact it was a period of dramatic global significance that spiraled around the world, from the financial markets of the UK and Europe to the factories and dockyards of Asia, the Middle East, and Latin America, forcing a rearrangement of global governance.

In the United States and Europe, it caused a fundamental reconsideration of capitalist democracy, eventually leading to the war in the Ukraine, the chaos of Greece, Brexit, and the eventual election of Donald Trump.

It was the greatest crisis to have struck Western societies since the end of the Cold War, but was it inevitable? And is it over?

Crashed is a narrative resting on three original themes:

The haphazard nature of economic development and the erratic path of debt around the worldThe unseen way individual countries and regions are linked together in deeply unequal relationships through financial interdependence, investment, politics, and forceThe ways the financial crisis interacted with the rise of social media, the crisis of middle-class America, the rise of China, and global struggles over fossil fuels

Given this history, what are the prospects for a stable and coherent world order?

If you have a money question, just email me!

“Better Off” is sponsored by Betterment.

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

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Planning After a Sudden Loss

Sep 18, 2018 00:17:01

Description:

We can do all the planning we want in life, but sometimes things just happen, including the sudden loss of a loved one. That's the case with Steve from Cleveland who is trying to navigate things after the loss of his father.

Have a money question? Email me here.

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We love feedback so please leave us a rating or review in Apple Podcasts.

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

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The Financial Crisis Ten Years Later

Sep 13, 2018 00:38:17

Description:

Where has the time gone? It was ten years ago this week that the U.S. financial system was brought to its knees.

To help us retrace the events of that period, we’re joined today by Gretchen Morgenson, investigative reporter at the Wall Street Journal.

As the financial crisis was unfolding, Morgenson was working for the New York Times, and subsequently co-authored Reckless Endangerment: How Outsized Ambition, Greed, and Corruption Led to Economic Armageddon.

There’s no one more qualified to walk us down memory lane and remind us of just how bad things actually were. In case you’ve forgotten, consider this timeline:

9/15/2008: Lehman Brothers files for Chapter 11 bankruptcy protection. On the same day, Bank of America announced its intent to purchase Merrill Lynch for $50 billion.9/16/2008: The Federal Reserve Board authorized the Federal Reserve Bank of New York to lend up to $85 billion to AIG under Section 13(3) of the Federal Reserve Act.9/16/2008: The net asset value of shares in the Reserve Primary Money Fund fell below $1 per share, primarily due to losses on Lehman Brothers commercial paper and medium-term notes. When the Reserve fund “broke the buck,” it caused panic among investors who considered money market accounts nearly the equivalent of bank savings accounts.9/19/2008: To guard against a run on money market funds, the Treasury Department announced that it would insure up to $50 billion in money-market fund investments at companies that paid a fee to participate in the program. The year long initiative guaranteed that the funds' values would not fall below the $1 a share.9/20/2008: The Treasury Department submitted draft legislation to Congress for authority to purchase troubled assets (the first version of TARP).9/21/2008: The Federal Reserve Board approved applications of investment banking companies Goldman Sachs and Morgan Stanley to become bank holding companies.

All this in just one week!! An incredible moment in the history of this country, and it was only ten years ago.

If you have a money question, just email me!

“Better Off” is sponsored by Betterment.

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

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Can I Retire Early

Sep 11, 2018 00:11:20

Description:

47 years old and looking to retire in the next four years or so...can he do it? That's the question from Michael in New York on the latest BONUS call. I know one thing...he better be sitting on a pile of money!

Have a money question? Email me here.

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We love feedback so please leave us a rating or review in Apple Podcasts.

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

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Insurance 101 with Policygenius

Sep 6, 2018 00:33:00

Description:

I love people and organizations who take complex financial issues and make them easier for the user.

Few things are more complex than the insurance industry. And few organizations have managed to make it easy for the user to navigate the insurance landscape.

One such organization is Policygenius, a website that offers users an easy way to compare and buy various products such as life, auto, disability, and homeowners policies.

Today we’re lucky enough to be joined by Jennifer Fitzgerald, the founder and CEO of Policygenius.

For Fitzgerald, the business started with a simple question…”Why is buying insurance such a frustrating experience?”

As consultants to the top insurance companies, Fitzgerald and her partner suspected that this consumer problem was behind a lot of things they observed. It’s why life insurance ownership is at a 50-year low. It’s why health and disability under-insurance is behind most personal bankruptcies and home foreclosures. And it’s why they started Policygenius.

Their mission is simple: “To get people the insurance coverage they need and make them feel good about it.”

That means they thoughtfully built their business for every type of insurance consumer who may come their way:

Detail-oriented? They building the best insurance content library out thereMore of a big picture person? Their Insurance Checkup is the best (and only) big picture tool aroundConvenience shopper? They’re building a one-stop shop. If you need life insurance and pet insurance, you shouldn’t have to go to a bunch of different sites.Skeptic? They’re an independent site and not affiliated with any insurers. They’ll provide you with choice and the information you need to make the right decision.

It’s a rare treat to be joined by somebody who is truly excited about the insurance industry!

If you have a money question, just email me!

“Better Off” is sponsored by Betterment.

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

Connect with me at these places for all my content:

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Save for Retirement or Pay Off Mortgage

Sep 4, 2018 00:09:37

Description:

So you just got a raise and are trying to decide if you should put that extra money into the retirement pot or put it toward the mortgage? I love this question. Paying down the debt seems like a no-brainer, right? Take a listen my friends as we walk through it with Nick from the Bay Area.

Have a money question? Email me here.

“Better Off” is sponsored by Betterment.

We love feedback so please leave us a rating or review in Apple Podcasts.

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

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A New Future for Women Entrepreneurs

Aug 30, 2018 00:38:30

Description:

Listen up women entrepreneurs, and everybody else tired of the status quo! Today’s show is for you, as we chat with Nathalie Molina Niño, author of the just released Leapfrog: The New Revolution for Women Entrepreneurs.

Think the most critical factor for becoming a great entrepreneur is grit, risk-taking, or technical skills? Think again. Despite what every other business book might say, historical data show the real secret ingredients to getting ahead in business are being rich, white, and male.

Which is why this book was written. Leapfrog is the decades-overdue startup bible for the rest of us. It's filled with uncompromising guidance for winning at business, your way. Leapfrog is for entrepreneurs of all stripes who are fed up with status quo advice, the kind that assumes you have rich friends and family and a public relations team.

Niño is a serial tech entrepreneur, the founder and CEO of BRAVA Investments, and a proud daughter of Latinx immigrants. While teaching entrepreneurs at Barnard College at Columbia University and searching the globe for investment-worthy startups, she has met or advised thousands of entrepreneurs who've gone from zero to scalable business.

Here she shares their best secrets in the form of fifty “leapfrogs,” clever loopholes and shortcuts to outsmart or jump over the seemingly intractable hurdles facing entrepreneurs who don't have family money, cultural capital, or connections.

If you have a money question, just email me!

“Better Off” is sponsored by Betterment.

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

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First Time Home Buyer

Aug 28, 2018 00:06:25

Description:

Few things are bigger than buying your first home. That's why you want to make sure you approach it in the right way. That's the chat I had with Mariana on the latest BONUS call. 

Have a money question? Email me here.

“Better Off” is sponsored by Betterment.

We love feedback so please leave us a rating or review in Apple Podcasts.

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

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A Large Financial Windfall and Disability Insurance

Aug 23, 2018 00:33:52

Description:

Digging out from under our pile of calls and emails has been a struggle all year long, and there’s really no end in sight. It’s definitely a good problem to have and one that will certainly lead to more shows like today’s episode that only features questions from you, our fabulous listeners!

If you like what you hear, please let us know by sending a quick note or by leaving a comment in iTunes.

First up this week was Lisa from the Bay Area who is having a terribly hard time getting disability insurance. She’s young, healthy, has a good job...so what’s the issue? Wait till you hear this one.

After Lisa we jumped into a variety of emails. We talked about saving for a house downpayment versus saving for retirement, transferring a 401(k) into an annuity (NO!!!), the benefits of using a Roth 401(k) and a Roth IRA, and the best places for short-term investments.

After the emails we went back to the phones and took an inheritance call from Jenny in Seattle. We’ve been taking listener calls for just about eight years now...I can easily say that this will go down as one of the most memorable calls in the history of my podcast and radio show. Me writing about it will do it no justice so you’re going to have to listen. It was incredible.

If you have a money question, just email me!

“Better Off” is sponsored by Betterment.

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

Connect with me at these places for all my content:

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Ways to Save for Retirement

Aug 21, 2018 00:10:35

Description:

There's a variety of ways to save for retirement. You can do it at work via a workplace sponsored plan such as a 401(k), you can open a traditional IRA or a Roth IRA, or you can also open a brokerage account. The point is there's a variety of options. Which is best in your particular situation? That's what Katie from Omaha was asking on the latest BONUS call.

Have a money question? Email me here.

“Better Off” is sponsored by Betterment.

We love feedback so please leave us a rating or review in Apple Podcasts.

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

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Achieving the Work-Life Balance with Ben Feder

Aug 16, 2018 00:34:02

Description:

Summertime is all about vacations. Have you taken yours? I’m actually in the middle of mine right now. A nice two week break. I was hoping for three but wasn’t able to pull it off.

Our guest today, Ben Feder, encountered no such obstacle when he decided to take six months off. Yes, six months! Okay, that’s not quite a vacation, it’s more of a sabbatical.

And as he outlines in his recent book, Take Off Your Shoes: One Man's Journey from the Boardroom to Bali and Back, it was the classic struggle of achieving that highly sought after work-life balance that led to Feder calling a timeout on his professional life.

Described as the The Eat, Pray, Love for busy executives, Take Off Your Shoes invites the reader to join a journey of self-rediscovery.

A hard-charging CEO of a large enterprise, Feder discovers that he is losing the very things that sustained him over his years of business success. Unsettled by his insight and determined to rebuild family relationships and rejuvenate his sense of purpose, he risks his career on a life-altering physical and emotional journey.

Together with his wife and children, Feder sets off for an exotic island on a self-prescribed sabbatical year. That experience transforms them all.

The writing is honest and moving, baring the author’s innermost struggles and fears, and enticing the reader to share his quest. As Feder navigates the thrills and pitfalls of his time away, he draws us into the examinations of values and priorities we all encounter in adult life.

“Better Off” is sponsored by Betterment.

We love feedback so please leave us a rating or review in Apple Podcasts.

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

Connect with me at these places for all my content:

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Should I Pay Off the Car?

Aug 14, 2018 00:07:16

Description:

Who really likes having a car loan? No one is the answer. If you have some cash in the bank, enough to pay off the car, should you pull the trigger and free yourself of the debt? As I told Devin from Pittsburgh on the latest BONUS call, it all depends on your unique situation.

Have a money question? Email me here.

“Better Off” is sponsored by Betterment.

We love feedback so please leave us a rating or review in Apple Podcasts.

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

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Rescuing Retirement with Teresa Ghilarducci and Tony James

Aug 9, 2018 00:39:25

Description:

At a time when Congress can’t seem to agree on much, lawmakers are acknowledging that the main retirement savings vehicle, the 401(k), needs some fixing. Before you get too excited, the changes being considered are more like touch ups, rather than a complete renovation.

Early conversations include: requiring plan sponsors to let participants know how much their total savings would translate into monthly income; a repeal of the age limit on IRA contributions; a more liberal approach to pooled 401(k) plans, which would help more small businesses offer retirement benefits to their employees; and the option to use a portion of a tax refund to fund retirement.

While none of these ideas represents a game-changer for retirement savers, it would be the first major enhancement since 2006. But if lawmakers wanted to seek a more radical approach, they would consult with Teresa Ghilarducci and Tony James, co-authors of Rescuing Retirement: A Plan to Guarantee Retirement Security for All Americans, who claim that "The U.S. experiment with 401(k)s and IRAs, launched in the early 1980s, has failed miserably to deliver on its promises."

Ghilarducci, a labor economist and leading expert in retirement security, and James, Executive Vice Chairman of the investment firm Blackstone Group, have a detailed, well-researched and more extreme recommendation for rescuing the U.S. retirement system. It starts with a concept called a “Guaranteed Retirement Account” (“GRA”), which would be offered to every worker, "from Uber drivers to CEOs."

The GRA would be portable, whether you work for a number of different companies or for yourself – and each individual would control his or her account. It would be funded by a minimum 3 percent of salary, half contributed by the worker and half by the employer.

Perhaps the most interesting part of the GRA is that it fixes some of the big problems that are prevalent in current plans, the biggest of which is that right now, saving for retirement is voluntary. The GRA would mandate retirement savings for everyone, including those who work part-time or are self-employed.

If it all sounds too good to be true, I encourage you to check out the book. I was a cynic, but after reading it and interviewing Ghilarducci and James, I’m a convert.

“Better Off” is sponsored by Betterment.

We love feedback so please leave us a rating or review in Apple Podcasts.

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

Connect with me at these places for all my content:

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Why You Need Life Insurance

Aug 7, 2018 00:07:33

Description:

At what point should you consider purchasing life insurance? And what kind? Term, whole life, etc? That's what we're discussing today with Gabriel from D.C.

Have a money question? Email me here.

“Better Off” is sponsored by Betterment.

We love feedback so please leave us a rating or review in Apple Podcasts.

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

Connect with me at these places for all my content:

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The Positive and the Possible with Donna Orender

Aug 2, 2018 00:33:27

Description:

Interviewing business executives and leaders is one way I grow and learn. Especially when talking to women business leaders, I find that I walk away encouraged and enlightened. And of course, I especially enjoy it when one happens to be my friend.

That’s the case today with former Goldman Sachs partner Lisa Shalett and former WNBA president Donna Orender, who joined me to talk about Donna’s recently released book, WOWsdom! The Girl's Guide to the Positive and the Possible.

Seven out of ten girls feel they don't measure up academically, physically, or socially. 74% of girls feel they are under pressure to please everyone. These statistics confirm what we already know: the leaders of tomorrow need our support today.

Filled with letters, activities, and no-nonsense advice from influencers, including Lisa, Queen Sugar actress Tina Lifford, CNN Editor-at-Large Kelly Wallace, founder of the Muhammad Ali Center Lonnie Ali, superstar athlete Annika Sorenstam and a certain radio show and podcast host, WOWsdom! celebrates the WOW of girls and the WISDOM of women.

In letters written to themselves, women, men, and girls from all walks of life - artists, athletes, actors, business leaders, entrepreneurs, students, doctors, scientists, and humanitarians - share their hard-earned wisdom for girls who are seeking guidance and inspiration as they begin their personal and professional journeys.  

Creating a world where the leaders of today help shape and inspire the leaders of tomorrow is what WOWsdom! is all about.

“Better Off” is sponsored by Betterment.

We love feedback so please leave us a rating or review in Apple Podcasts.

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

Connect with me at these places for all my content:

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How to Invest Extra Money

Jul 31, 2018 00:15:25

Description:

Having some extra money to invest, and not knowing what to do with it, is what I like to call a good problem to have! That's the case with Kelly in Atlanta, who's sitting on 125k with no short term needs on the horizon.

Have a money question? Email me here.

“Better Off” is sponsored by Betterment.

We love feedback so please leave us a rating or review in Apple Podcasts.

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

Connect with me at these places for all my content:

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https://twitter.com/jillonmoney 

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Robots, AI, and Automation with Darrell West

Jul 26, 2018 00:29:18

Description:

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 timeWorkers will need help throughout their lifetimes to acquire new skills and develop new job capabilitiesPolitical 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.

We love feedback so please leave us a rating or review in Apple Podcasts.

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

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What to Do With Your Old Retirement Plan

Jul 24, 2018 00:06:41

Description:

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.

Have a money question? Email me here.

“Better Off” is sponsored by Betterment.

We love feedback so please leave us a rating or review in Apple Podcasts.

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

Connect with me at these places for all my content:

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MarketSnacks with Nick Martell and Jack Kramer

Jul 19, 2018 00:31:30

Description:

The financial world isn’t an easy one to navigate. It’s complicated and often full of unnecessary jargon. So the easier we can make it for everybody to digest, the BETTER OFF (pun intended!) we’ll all be. That’s why when I find like-minded people who want to demystify money-related topics, I immediately ask them to be guests on the show.

Nick Martell and Jack Kramer spent their early days working in finance but quickly realized something was missing. It wasn’t they wanted to do. So they started side hustling, while still working at two different Wall Street banks.

Over a couple beers one day after work, they figured it out. They wanted to create something that provided easy to understand finance content, the kind they wished they had while preparing for finance interviews in college.

One thing led to another and eventually the guys came up with MarketSnacks, the digestible daily newsletter that simplifies Wall Street by filtering out the noise and explaining what's important in one bite-sized snack – clear, condensed, and entertaining.

On the heels of their successful newsletter, Nick and Jack recently launched the MarketSnacks Daily podcast, a daily show that focuses on the digestible business stories you'll actually care about.

Yet another example of how the side hustle can pay off. Figure out what it is you want to do and find a way to make it happen!

“Better Off” is sponsored by Betterment.

We love feedback so please leave us a rating or review in Apple Podcasts.

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

Connect with me at these places for all my content:

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Should I Use Roth 401(k)?

Jul 17, 2018 00:06:17

Description:

It's becoming more and more common for workplace retirement plans to offer a Roth 401(k) option. The next question is whether or not you should be using it. That's what Shirley wanted to know on the latest BONUS call.

Have a money question? Email me here.

“Better Off” is sponsored by Betterment.

We love feedback so please leave us a rating or review in Apple Podcasts.

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

Connect with me at these places for all my content:

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Advisor Fees, Roth Taxes, Creating a Budget

Jul 14, 2018 00:10:31

Description:

What kind of fees should I be paying my advisor? Will I have taxes and required minimum distributions with my Roth IRA? I'm 17, how can I create a budget? Those questions and more as we attempt to clear out the inbox!

Have a money question? Email me here.

“Better Off” is sponsored by Betterment.

We love feedback so please leave us a rating or review in Apple Podcasts.

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

Connect with me at these places for all my content:

http://www.jillonmoney.com/ 

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Annuities and Three Questions You Should Ask

Jul 12, 2018 00:30:11

Description:

We may need to create a subcategory called “Personal Finance 101” for those episodes we have that deal with the financial services industry in general.

Today, my old pal Gary Schatsky is in the house to talk about the industry, the state of fiduciary and one of the most oversold/misunderstood products, annuities. Gary is a practicing financial advisor who was way ahead of his time by championing comprehensive fee-only services for individuals, which at the time was almost unheard of.

As the founder of ObjectiveAdvice.com, Gary and his team share a simple, three-pronged professional philosophy approach:

TRUST - Whether you're saving for college or retirement, Gary and his team believe in confidence and peace of mind, and that trust is the bedrock of all client relationships.COMPETENCE - Being able to utilize years of technical expertise, investment experience, and ongoing training to offer realistic financial solutions for all areas, such as investment, tax, estate, retirement and insurance planning.OBJECTIVITY - In order to avoid conflicts of interest in product sales, Gary and his team refuse any commissions or other compensation from client transactions based on their recommendations.

Trust, competence, objectivity...that’s basically what this conversation was all about as we jumped into various topics including annuities and everything you need to know before purchasing one, FINRA, and the always popular topic of what it means to uphold the fiduciary standard.

“Better Off” is sponsored by Betterment.

We love feedback so please leave us a rating or review in Apple Podcasts.

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

Connect with me at these places for all my content:

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Are We on Track for Retirement

Jul 10, 2018 00:08:54

Description:

Your husband thinks you're on track for retirement, you're not so sure. What do you do? If you're like Laura from Seattle, you call me for an unbiased opinion!

Have a money question? Email me here.

“Better Off” is sponsored by Betterment.

We love feedback so please leave us a rating or review in Apple Podcasts.

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

Connect with me at these places for all my content:

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#PaidOff with Michael Torpey

Jul 5, 2018 00:32:28

Description:

The student loan picture in this country is not a pretty one. According to the Federal Reserve, over half of young adults who went to college took on some debt. It's so bad that outstanding student loans have topped $1.4 trillion!

To address the problem, we’re going to have a bit of fun as we try and find some sorta way to ease the burden on those students.

That’s why today we’re chatting with actor Michael Torpey, best known for his work on Orange is the New Black, Red Oaks and Sneaky Pete.

The student loan crisis has become so massive, that Torpey is trying to solve it in a unique way – a comedy game show. Paid Off with Michael Torpey gives three lucky college grads – all saddled with student debt – the chance to test the depth of their degrees with fun, fast-paced trivia questions. In the end, one lucky winner wins the chance to have their student debt paid off.

I love it! Such a brilliant way to help some lucky students start life in the real world without a several thousand dollar gorilla on their shoulders.

And what was perhaps most interesting was to hear the backstory that led to Michael creating the show. And no, he didn’t have any student loans of his own...

“Better Off” is sponsored by Betterment.

We love feedback so please leave us a rating or review in Apple Podcasts.

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

Connect with me at these places for all my content:

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Should I Fire My Financial Advisor?

Jul 3, 2018 00:08:38

Description:

I'm so glad when people call me before they make another mistake with their current financial advisor. That's the case on the latest BONUS call with Joe from California, who thankfully was sensing that something wasn't quite right. This is a great call to learn from. If your gut is telling you something, get in touch with me!!

Have a money question? Email me here.

“Better Off” is sponsored by Betterment.

We love feedback so please leave us a rating or review in Apple Podcasts.

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

Connect with me at these places for all my content:

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Student Loans, Debt Consolidation, Roth IRA

Jun 30, 2018 00:06:33

Description:

Should I refinance my student loans? Is debt consolidation the best option? Should I be using a Roth IRA? Those are the latest questions we answered as we attempt to clear out the inbox!

Have a money question? Email me here.

“Better Off” is sponsored by Betterment.

We love feedback so please leave us a rating or review in Apple Podcasts.

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

Connect with me at these places for all my content:

http://www.jillonmoney.com/ 

https://twitter.com/jillonmoney 

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#PrideMonth with Sarah Kate Ellis, CEO of GLAAD

Jun 28, 2018 00:26:11

Description:

June is #PrideMonth, when the LGBTQ community and its allies, honor the 1969 Stonewall Riots in New York City, an event that served as the catalyst for the gay rights movement in the U.S. and around the world.

Where’s the connection between Pride and Better Off, besides the lesbian host? This week I chatted with Sarah Kate Ellis, President and CEO of GLAAD, the Gay & Lesbian Alliance Against Defamation.

Ellis’s story is an interesting one because prior to coming in GLAAD in 2014, she was a lifer in the for-profit world as a media executive. She led national media brands, notably growing Real Simple into one of Time Inc.’s most respected and successful magazines. Her vision also transformed and energized leading media outlets including Vogue, InStyle, New York, and House & Garden. She served as Senior Vice President of Global Marketing at Martini Media, a digital firm specializing in online branding, public relations and marketing.

Suffice to say there was a bit of an adjustment period, but the numbers don’t lie, and in a relatively short amount of time, things have turned around and only continue to get better.

“Better Off” is sponsored by Betterment.

We love feedback so please leave us a rating or review in Apple Podcasts.

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

Connect with me at these places for all my content:

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Pension Lump Sum or Annuity?

Jun 26, 2018 00:08:45

Description:

Because there aren't that many defined benefit pension programs out there anymore, we don't get a ton of pension questions. But they do still exist, and every once in a while we'll get a question from somebody trying to decide between a lump sum or monthly payments. That's the case with Janet from California on the latest BONUS call.

Have a money question? Email me here.

“Better Off” is sponsored by Betterment.

We love feedback so please leave us a rating or review in Apple Podcasts.

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

Connect with me at these places for all my content:

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Inherited IRA, Car Leases, Can I Retire?

Jun 23, 2018 00:06:45

Description:

On this quick bonus episode we're answering some emails about retirement planning, inherited IRAs, asset allocation and car leases.

Have a money question? Email me here.

“Better Off” is sponsored by Betterment.

We love feedback so please leave us a rating or review in Apple Podcasts.

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

Connect with me at these places for all my content:

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What The Great Economists Would Do with Linda Yueh

Jun 21, 2018 00:41:20

Description:

It’s pretty rare that I have a legit economist on the show. It’s even rarer when said legit economist is a woman -- WOOT!

On this episode we check both those boxes with Linda Yueh, an economist who holds senior academic positions at Oxford University, London Business School, and the London School of Economics and Political Science.

Linda joined us to discuss her latest book, What Would the Great Economists Do?: How Twelve Brilliant Minds Would Solve Today's Biggest Problems.

Since the days of Adam Smith, economists have grappled with a series of familiar problems – but often their ideas are hard to digest, even before we try to apply them to today's issues. In her latest book, Linda explains the key thoughts of history's greatest economists, how our lives have been influenced by their ideas and how they could help us with the policy challenges that we face today.

In the light of the post-Great Recession economy, where growth has not accelerated as fast as in previous expansions, Yueh explores the thoughts of economists from Adam Smith and David Ricardo to contemporary academics Douglass North and Robert Solow.

Along the way, she asks, what do the ideas of Karl Marx tell us about the likely future for the Chinese economy? How do the ideas of John Maynard Keynes, who argued for government spending to create full employment, help us think about state intervention? And with globalization in trouble, what can we learn about handling Brexit and Trumpism?

Linda is also an accomplished journalist, who has spent time as an anchor/correspondent at the BBC and Bloomberg TV. With a strong social media presence, she’s worth a follow so you don’t miss any of her smart blog posts.

“Better Off” is sponsored by Betterment.

We love feedback so please leave us a rating or review in Apple Podcasts.

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

Connect with me at these places for all my content:

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Do I Need a Financial Planner?

Jun 19, 2018 00:12:46

Description:

Retirement is approaching, and so far you've done a great job of planning for it on your own. Do you need to hire a financial planner or can you keep going solo? That's what Michelle was wondering on the latest BONUS call.

“Better Off” is sponsored by Betterment.

We love feedback so please leave us a rating or review in Apple Podcasts.

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

Connect with me at these places for all my content:

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Career Change, Second Home, Asset Allocation

Jun 16, 2018 00:07:18

Description:

Desperate times call for desperate measures...

Because our inbox is overflowing, we're going to start mixing in some bonus episodes until we clear out the emails.

On this episode we're discussing the pros and cons of switching to a job that pays less, whether or not a second home purchase makes sense, and how to properly allocate your assets when preparing for retirement.

Have a money question? Email me here.

“Better Off” is sponsored by Betterment.

We love feedback so please leave us a rating or review in Apple Podcasts.

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

Connect with me at these places for all my content:

http://www.jillonmoney.com/ 

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Private Mortgage Insurance (PMI) and Refinancing

Jun 14, 2018 00:43:55

Description:

Rising home prices has helped many homeowners get richer on paper...they have also prompted a big influx of questions about private mortgage insurance (PMI) and refinancing, so we figured it was time to bring on an expert.

Nicole Hamilton, a tech executive-turned-mortgage and homeownership expert, founded Tactile Finance, the first digital tools that let people visualize their homeownership outcomes over time, putting consumers on a level playing field with the professionals who serve them.

Nicole is also the author of the book Avoid the Money Pit, Turn Your Home into a Financial Powerhouse, and the founder of Homeownering.com, a company that provides unbiased, independent information for homeowners to get the best financial outcome possible.

We touched on a variety of topics and questions facing the average consumer as they try to navigate the murky waters of homeownership:

What if I don’t have 20% for a downpayment?What is PMI?How do I know if I need PMI?Should PMI be a dealbreaker?Will PMI eventually go away?Will PMI go away on its own or is it my responsibility?Is refinancing always a good idea?Pros and cons of an adjustable rate mortgage (ARM)Should I prepay my mortgage?

All those topics and more! And based on what we’ve been seeing in the inbox, I think we did a pretty good job covering all your burning questions!

So when you’re checking out those open houses this summer, or considering a refi before rates go even higher, playback this episode and you’ll be well armed with loads of information.

“Better Off” is sponsored by Betterment.

We love feedback so please leave us a rating or review in Apple Podcasts.

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

Connect with me at these places for all my content:

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Should I Pay Down My Mortgage?

Jun 12, 2018 00:06:02

Description:

If you have some extra cash on hand does it make sense to try and pay off the mortgage early? That's the topic this week on the latest BONUS call as we chat with Nick from Milwaukee. 

“Better Off” is sponsored by Betterment.

We love feedback so please leave us a rating or review in Apple Podcasts.

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

Connect with me at these places for all my content:

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529 Plans and College Savings

Jun 7, 2018 00:37:23

Description:

Happy belated #529Day, a day when states try to boost interest and participation in 529 education savings programs with various incentives.

To mark the occasion, we have one of the foremost authorities on 529 plans, Andrea Feirstein, founder and Managing Director at AKF Consulting Group, a leading strategic advisor to public administrators of state investment programs.

Andrea was extremely knowledgeable and we touched on several topics, including:

What is a 529? A tax-advantaged savings plan designed to encourage saving for future education costs. 529 plans are sponsored by states, state agencies, or educational institutions and are authorized by Section 529 of the Internal Revenue Code.

What’s the tax benefit of a 529 plan? Withdrawals for qualified higher education expenses and earnings in the account are not subject to federal income tax and, in most cases, state income tax. Additionally, some states offer residents of the state specific incentives, like the ability to deduct contributions from state income tax or a matching grant.

What does a 529 plan cost? Fees and expenses vary widely from plan to plan and can include start-up fees, maintenance fees, or sales charges. In general, advisor-sold plans cost more than direct-sold plans. The Financial Industry Regulatory Authority (FINRA) has developed a tool to help you compare how these fees and expenses can reduce returns.

What happens if my kid doesn’t go to college? Most states allow you to tap the accounts for other children in the family or even for the parents. Those withdrawals that are not used for qualified higher education expenses will be subject to state and federal income taxes and an additional 10 percent federal tax penalty on earnings.

What has changed with the 2018 tax law? Americans can now withdraw funds tax-free from 529 plans to pay for K-12 tuition and other eligible expenses at private and religious schools, up to $10,000 per year. But there’s a caveat: Not all states will conform to the new federal rules. That means before you pull money, be sure to double check with your state.

“Better Off” is sponsored by Betterment.

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

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Backdoor Roth IRA

Jun 5, 2018 00:07:04

Description:

If you make too much money and are not able to contribute to a Roth IRA, I'm all for implementing the backdoor conversion strategy. But there are some rules associated with pulling it off, and that's what Jeff from Chicago was calling about on the latest BONUS call.

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We love feedback so please leave us a rating or review in Apple Podcasts.

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

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I Love Capitalism with Ken Langone

May 31, 2018 00:38:02

Description:

Every once in a while I chat with somebody who makes me realize just how cool my job really is.

That’s the case this week with Ken Langone, the legendary financier, who helped take a bunch of companies public before co-founding Home Depot. Ken has also became a philanthropist extraordinaire, helping to rebuild the New York University hospital.

Ken dropped by for an in-studio to talk about his new book, I Love Capitalism!: An American Story, but really it was just a fascinating conversation with a guy who grew up in a working-class family on Long Island, put himself through school, and after some hard work and smart decisions and a few guardian angels, became one of the most successful businessmen in the country.

Ken Langone has seen it all on his way to a net worth beyond his wildest dreams, now in excess of $3 billion dollars.

In a series of captivating stories, Langone shows how he struggled in academics, broke into Wall Street, and scrambled for an MBA at night while competing with privileged competitors by day. He also shares how he learned to evaluate the value of a business and apply his street smarts to negotiate enormous deals.

And what happened when Langone was approached by Bernie Madoff for an investment, just weeks before the Ponzi scheme came to light? You’ll have to tune in for that chestnut...

Langone says that the book is his love song to capitalism..."Absolutely anybody is entitled to dream big, and absolutely everybody should dream big. I did. Show me where the silver spoon was in my mouth. I’ve got to argue profoundly and passionately: I’m the American Dream.”

“Better Off” is sponsored by Betterment.

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

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Post-Tax Retirement Savings

May 29, 2018 00:12:07

Description:

If it's offered, should you be making post-tax contributions to your retirement plan? As you'll hear on the latest BONUS call with Chelsea from North Carolina, it kinda depends on your situation.

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

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Your Money with Ron Lieber

May 24, 2018 00:35:51

Description:

As someone who consumes a massive amount of financial data and then tries to make it palpable to listeners, viewers and readers, I am drawn to those who have an uncanny ability to break through the clutter.

At the New York Times, my-go to writer for personal finance is Ron Lieber. His column, the wildly popular Your Money, covers just about anything and everything that hits you in the wallet, from investing to paying for college to mortgages and homes.

And that pretty much describes how our discussion went. We bounced around -- from Equifax and Wells Fargo to the cost of college and the fiduciary debate.

Ron is also an accomplished author. His most recent book is The Opposite of Spoiled: Raising Kids Who Are Grounded, Generous, and Smart About Money.

His latest book project, What To Pay For College, is set to be released in 2020 and will ask college presidents questions that families don’t know (or are afraid) to ask, as well as putting the surprisingly small amount of existing data on this topic into context and pulling the curtain back on how schools set prices which can now top $125,000 for four years of tuition, room and board for state residents.

It’s always a blast to talk shop and the state of the financial services industry with a colleague, especially when it’s somebody you so highly respect.

“Better Off” is sponsored by Betterment.

We love feedback so please leave us a rating or review in Apple Podcasts.

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

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Planning for Early Retirement

May 22, 2018 00:05:39

Description:

It's always so encouraging when we get calls from younger people who are already dreaming about early retirement. That's the case on the latest BONUS call with Ronny from Connecticut who is just out of school and already thinking about hanging on the beach. While it's encouraging, I'm also not sure how realistic it is. You'll hear what I mean when you listen.

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

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When the Wolves Bite with Scott Wapner

May 17, 2018 00:40:40

Description:

It’s hard to imagine how an argument between a couple of billionaires could make for a compelling story. But when it happens on live television, and it involves two major Wall Street heavyweights, it’s like watching a trainwreck that you just can’t pull yourself away from.

And that’s exactly what happened in 2013, when Wall Street titans Carl Icahn and Bill Ackman got into a legendary verbal battle on CNBC that centered around Herbalife, the company caught in the middle.  

The host that day was Scott Wapner who unexpectedly found himself refereeing this 30 minute segment that became known as “The Brawl.”

It left such a mark on Wapner that he felt compelled to explore the roots of the battle by writing When the Wolves Bite: Two Billionaires, One Company, and an Epic Wall Street Battle.

This recently released compelling read recounts the story of the clash of these two titans over Herbalife, a nutritional supplement company whose business model Ackman questioned. Icahn decided to vouch for them, and the dispute became a years-long feud, complete with secret backroom deals, public accusations, billions of dollars in stock trades, and one dramatic insult war on live television.

In researching the book, Wapner gained unprecedented access to all the players and unravels this remarkable war of egos, showing the extreme measures the participants were willing to take.

It’s a classic Wall Street tale of money, power, pride and greed.

“Better Off” is sponsored by Betterment.

We love feedback so please leave us a rating or review in Apple Podcasts.

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

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Should I Take Pension Lump Sum?

May 15, 2018 00:12:00

Description:

Pensions are certainly not as common as they once were, but they're still out there, and we still field a lot of questions on them. Usually the most common one is whether or not a lump sum payment is the best option. That's the case with Phil from Tennessee on the latest BONUS call.

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We love feedback so please leave us a rating or review in Apple Podcasts.

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

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Investing For the World You Want

May 10, 2018 00:38:15

Description:

How can you incorporate your values into your investments? While many of us have principles and views about what is “right” and “wrong”, putting those principles into action within a portfolio can be difficult.

Although hard to accomplish, there are different ways of making an impact. They vary in terms of feasibility, effectiveness, and potential cost.

When trying to determine the best approach, ask yourself, what am I trying to achieve? What outcome do I want? Is it about making me feel good or are do you seek an impact in the world?

If you’re considering adopting a values-based approach to investing, there are four different options to consider:

Divestiture: When you avoid owning the stock or bonds of of a company or issuer.Engagement: Owning company stock, and putting pressure on the board and management through voting.Impact investing: Investments made into companies, organizations, and funds with the intention to generate social and environmental impact.Charity: Giving to the causes you believe bring about the right change.

Of course, all investing involves risk, but the advent of funds that allow screening based on environmental, social and governance (ESG) factors has prompted the Department of Labor to issue some warnings.

“Better Off” is sponsored by Betterment.

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BONUS call: Is Our Advisor Screwing Us?

May 8, 2018 00:08:44

Description:

Okay, so here's the scenario...you're pretty certain your mom is getting screwed by her advisor...yet she doesn't want to hear your concerns. What do you do? How do you have the talk? Can she be convinced? That's the dilemma facing Diane from Indiana on the latest BONUS call.

Have a money question? Email me here.

Better Off is sponsored by Betterment.

Please let us know what you think by leaving a rating or review in Apple Podcasts.

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The Best Team Wins

May 3, 2018 00:34:03

Description:

If you’re working in an office environment, it’s hard to ignore the massive shift that’s taking place in the workplace. In today’s average company, up to 80% of employees’ days are now spent working in teams.

And yet the teams most people find themselves in are nowhere near as effective as they could be. They’re often divided by tensions, if not outright dissension, and dysfunctional teams drain employees’ energy, enthusiasm, and creativity.

How can we fix it? That’s where today’s episode comes into the picture, and our chat with Chester Elton, who along with Adrian Gostick, recently published The Best Team Wins: The New Science of High Performance.

Throughout the pages of their latest book, the duo share the proven ways managers can build cohesive, productive teams, despite the distractions and challenges every business is facing.

The pair studied more than 850,000 employee engagement surveys to develop their “Five Disciplines of Team Leaders,” explaining how to:

Recognize and motivate different generations to enhance individual engagementWays to promote healthy discord and spark innovationTechniques to unify customer focus and build bridges across functions, cultures, and distance

They’ve shared these disciplines with their corporate clients and have now distilled their breakthrough findings into a succinct, engaging guide for business leaders everywhere.

Throughout the pages you’ll find practical ways to address the real challenges today’s managers are facing, such as the rise of millennials, the growing number of global and virtual teams, and the friction created by working cross-functionally.

“Better Off” is sponsored by Betterment.

We love feedback so please leave us a rating or review in Apple Podcasts.

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

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https://itunes.apple.com/us/podcast/better-off-jill-schlesinger/id431167790?mt=2

BONUS call: PMI and Brokerage Account

May 1, 2018 00:13:21

Description:

You were required to buy private mortgage insurance (PMI) but are now in a position to get rid of it. Should you? And is it okay to deplete the brokerage account for a kitchen renovation? Just a couple of the questions from Melanie in New Jersey on the latest BONUS call.

Have a money question? Email me here.

Better Off is sponsored by Betterment.

Please let us know what you think by leaving a rating or review in Apple Podcasts.

Connect with me at these places for all my content:

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Listener Questions: Student Loans, Retirement Planning, 529 College Savings

Apr 26, 2018 00:27:23

Description:

Desperate times call for desperate measures.

The questions from you guys continue to pour in, and at the current rate of taking one or two a week, we’re never going to clear out the inbox.

Hence today’s episode, one that’s devoted entirely to you guys and your questions! We’ll probably start doing this on a regular basis, maybe once a month or maybe more if you like it. So please let us know by sending a quick note or by leaving a comment in iTunes.

The first question on today’s episode comes from Britton in South Carolina. There’s cause for celebration as Britton and his wife just learned that a baby is coming! Woot woot! As a police officer and teacher it’s safe to say they’re not raking in the bucks. With a small savings account, and a small chunk of student loan debt remaining, does it make sense to beef up the savings or just get rid of the outstanding loan before the baby comes?

Next up was Alex calling from somewhere overseas. Alex is on the complete opposite end of the spectrum. Married, no kids, federal employee, making good money, and perhaps most significant, virtually zero expenses, including housing. With the goal of becoming financially independent at a young age, which approach should she be taking with her investments.

The final call comes from Allen in Dallas. Planning for college way down the road, Allen is wondering what’s the best strategy to fund a couple 529 plans for his two kids. These guys are in great shape. If all goes according to plan, college should be taken care of when the time comes.

Before wrapping up, we read a quick listener email regarding the absurd cost of college. It was prompted by our interview with New York Times reporter John Schwartz and his comment that when he went to college at the University of Texas in the 1970s it cost less than $200 a semester. And guess what people, he didn’t graduate with any debt! Amazing how that works.  

“Better Off” is sponsored by Betterment.

We love feedback so please leave us a rating or review in Apple Podcasts.

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

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BONUS call: Student Loan Debt

Apr 24, 2018 00:14:15

Description:

Help! I'm drowning in debt thanks to high interest student loans. My mom has the money to help. Is it worth having a conversation? That's the dilemma facing Megan from North Carolina on the latest BONUS call.

Have a money question? Email me here.

Better Off is sponsored by Betterment.

Please let us know what you think by leaving a rating or review in Apple Podcasts.

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Inside the World of Financial Regulation

Apr 19, 2018 00:42:05

Description:

As the Consumer Financial Protection Bureau (CFPB) is defanged and the Department of Labor rolls back rules that would require retirement professionals to put the best interests or customers first, it’s easy to feel like nobody has our backs.

The good news is that individual states are coming to the rescue when it comes to financial regulation and protecting consumers. In my conversation with Maria Vullo, the Superintendent of Financial Services for the State of New York (DFS), you will learn how Vullo and her department attempt to regulate a wide swath of industries.

DFS has a lofty mission: “To reform the regulation of financial services in New York to keep pace with the rapid and dynamic evolution of these industries, to guard against financial crises and to protect consumers and markets from fraud.” Here’s what Vullo and her team are attempting to do on a daily basis:

Eliminate financial fraud, other criminal abuse and unethical conduct in the industryEducate and protect users of financial products and services and ensure that users are provided with timely and understandable information to make responsible decisions about financial products and servicesEnsure the continued solvency, safety, soundness and prudent conduct of the providers of financial products and servicesProtect users of financial products and services from financially impaired or insolvent providers of such servicesEncourage high standards of honesty, transparency, fair business practices and public responsibility

Over the course of her distinguished career, Vullo’s specific legal experience has included litigations and investigations involving the financial services sectors and fraud, real estate, health care, insurance, tax, consumer protection, bankruptcy, antitrust, and constitutional law. She has argued before the U.S. Supreme Court, the U.S. Courts of Appeals for the Second, Ninth, and Tenth Circuits, and the New York State Appellate Division.

Ms. Vullo is a recognized leader in protecting women’s rights, including representing women raped by soldiers during the 1992-1995 Bosnian War, a case in which she secured a $745 million jury verdict for the plaintiffs. Her pro bono work also includes securing a $100 million jury verdict representing abortion providers whose lives had been threatened by an online “hit list.”

“Better Off” is sponsored by Betterment.

We love feedback so please leave us a rating or review in Apple Podcasts.

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

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BONUS call: Helping the Parents in Retirement

Apr 17, 2018 00:13:08

Description:

By now you know that we're all about helping you prepare for retirement and making sure you have a solid game plan in place. But what happens when for whatever reason your parents find themselves struggling in their retirement years? That's the theme on the latest BONUS call with Jessica from New Jersey who we've decided wins the 2018 Daughter of the Year Award.

Have a money question? Email me here.

Better Off is sponsored by Betterment.

Please let us know what you think by leaving a rating or review in Apple Podcasts.

Connect with me at these places for all my content:

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The Year I Put My Financial Life in Order

Apr 12, 2018 00:39:25

Description:

“I’m just bad with money!” I know that many have convinced themselves that they were born with a recessive money management gene, but financial planning can be learned, like anything else. That's the message of This Is the Year I Put My Financial Life in Order. In a book that is part financial memoir and part research-based guide to attaining lifelong security, New York Times reporter John Schwartz bares his financial soul.

Schwartz and his wife, Jeanne, are upper middle class earners, who have been on a financial rollercoaster. Sharing his own alternately harrowing and hilarious stories, from his brush with financial ruin and bankruptcy in his thirties to his short-lived budgeted diet of cafeteria food, John will walk you through his own journey to financial literacy, which he admittedly started a bit late.

He covers everything from investments to retirement and insurance to wills (at fifty-eight, he didn't have one!), medical directives and more. Whether you're a college grad wanting to start out on the right foot or you're approaching retirement age and still wondering what a 401(K) is, this book will help you find your financial way.

So if you are like the countless others who are a bit tentative when it comes to money matters, but are willing to learn before it's too late, this book should help improve your financial literacy.

“Better Off” is sponsored by Betterment.

We love feedback so please leave us a rating or review in Apple Podcasts.

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

Connect with me at these places for all my content:

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BONUS call: Early Retirement

Apr 10, 2018 00:15:20

Description:

The subject of early retirement is quickly becoming one of the most common questions we receive. The latest one comes from Mitch in California. Can he do it? Or will he have to bite the bullet and keep working?

Have a money question? Email me here.

Better Off is sponsored by Betterment.

Please let us know what you think by leaving a rating or review in Apple Podcasts.

Connect with me at these places for all my content:

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The China Hustle

Apr 5, 2018 00:41:52

Description:

The new documentary film The China Hustle begins amid the depths of the 2008 financial crisis, when we meet protagonist Dan David and a band of Wall Street outsiders. These detective-like investors operate on the fringes of the financial world, scouring global markets for money making opportunities. With the U.S. economy and markets in a tailspin, they turn to China, where there is what seems like a modern day gold rush. Chinese stock market indexes are doubling every year and the potential seems endless.

There’s one problem, though: U.S. investors can’t participate because they are barred from investing directly in Chinese markets. But this is America, and people always find a way. A few Wall Street operators create a novel solution by bringing hundreds of promising Chinese companies directly to U.S. stock markets. All of the sudden, US investors can get in on the Chinese miracle, without leaving the comforting confines of the NYSE and the NASDAQ.

MOVIE TRAILER: https://www.youtube.com/watch?v=55892jT06aI

It all seems to be going well, until detectives discover that most of the companies they’re investing in are frauds, producing phony balance sheets, claiming sham inventory levels and celebrating non-existent profits. The investors flip their strategy on its head and begin to master the art of short selling - essentially, betting that a company will fail.

With the help of a team of Chinese researchers who risk their freedom to uncover the truth behind these fake companies, the investors discover the frauds and bet against them in the market.

There are no good guys in this story. But there are a few people who are sick of a financial system built on lies. The China Hustle follows their story through Wall Street, China and your retirement savings to uncover the biggest heist you’ve never heard of, and to challenge all of us to wake up and demand accountability and transparency in our markets before it’s too late.

“Better Off” is sponsored by Betterment.

We love feedback so please leave us a rating or review in Apple Podcasts.

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

Connect with me at these places for all my content:

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BONUS call: Can I Retire Early?

Apr 3, 2018 00:08:19

Description:

The idea of retiring early always sounds amazing, but there's a big time risk of calling it quits and having to dip into your nest egg too early in the game. That's the discussion we had with Lee from Germany.

Have a money question? Email me here.

Better Off is sponsored by Betterment.

Please let us know what you think by leaving a rating or review in Apple Podcasts.

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Workplace Retirement Plans

Mar 29, 2018 00:32:40

Description:

Raise your hand if your employer offers a workplace retirement plan.  Keep it raised if your employer offers a match. Raise the other hand if you’re participating.  

Now keep them both raised if you can tell me what fees you’re paying and what funds you’re invested in. Funny how all those hands just went down!

Most of us have access to retirement plans through our jobs and Americans have more assets than ever in those plans and with the advent of financial technology (fintech), plans have become more robust. Some are using advanced algorithms to help employees select the most appropriate benefits based on information provided, while others assist participants with fulfilling future goals, like purchasing a home, sending kids to college, and ultimately retiring.

Whether or not your plan is using fintech, there are specific questions that you should be asking:

Are you contributing to six percent?Are you increasing your contribution by at least one percent each year? Are you getting the full match, if there is one?Are you using the appropriate funds based on your goals?Are you aware of the fees and how they change based on what you choose?

The more you know, the more likely you are to reach your retirement goals.  

“Better Off” is sponsored by Betterment.

We love feedback so please leave us a rating or review in Apple Podcasts.

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

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BONUS call: Student Loan Debt

Mar 27, 2018 00:13:47

Description:

Should you use your emergency reserve to tackle your student loan debt? That's what Kristin from Florida was wondering on the latest BONUS call.

Have a money question? Email me here.

Better Off is sponsored by Betterment.

Please let us know what you think by leaving a rating or review in Apple Podcasts.

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How Congress Governs the Federal Reserve

Mar 22, 2018 00:32:55

Description:

This week marked the first time the press spotlight was on Jerome Powell, the new Chairman of the Federal Reserve.

It was just a few weeks ago that Powell succeeded Janet Yellen, and as expected, the Fed just announced another quarter-point increase in short term interest rates, a sign that the economy continues to grow. 

It’s probably safe to say that the average person thinks the Federal Reserve is this big stone building in D.C. that does its own thing, if people are thinking about the central bank at all!

But the truth of the matter is that not a lot comes out of the Fed without running things by another big stone building, the one that houses the Senate and House of Representatives.

To help pull back the curtain a bit on the complicated relationship between the Fed and Congress, we are joined by my childhood friend and Fed expert, Mark Spindel, who along with Sarah Binder, recently published: The Myth of Independence: How Congress Governs the Federal Reserve.

The pages trace the Fed’s transformation from its roots as a weak, secretive, and decentralized institution in 1913 to a remarkably transparent central bank a century later. Offering a unique account of Congress’s role in steering this evolution, the book explores the Fed’s past, present, and future and challenge the myth of its independence.

Examining the interdependent relationship between Congress and its central bank, The Myth of Independence presents critical insights about the future of monetary and fiscal policies that drive the nation’s economy.

Thankfully, the Fed today retains enough power to prevent lawmakers and the president from completely controlling monetary policy.

“Better Off” is sponsored by Betterment.

We love feedback so please leave us a rating or review in Apple Podcasts.

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

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https://itunes.apple.com/us/podcast/better-off-jill-schlesinger/id431167790?mt=2

BONUS call: Roth IRA Conversion

Mar 20, 2018 00:08:36

Description:

Another week, another BONUS call where we're once again discussing the benefits of using a Roth retirement vehicle. Today's question comes from Marshall (and his daughter) in Virginia.

Have a money question? Email me here.

Better Off is sponsored by Betterment.

Please let us know what you think by leaving a rating or review in Apple Podcasts.

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Thinking in Bets with Annie Duke

Mar 15, 2018 00:31:07

Description:

Daily life requires numerous decisions. Some easy, some difficult. And some that have to be made without knowing a lot of pertinent information. And what we think is the best decision in the moment, doesn’t necessarily yield the best outcome.

No one knows this better than our guest this week, Annie Duke. As a former professional poker player and world champion, Annie made a living based on high pressure decision making and shares the story in her new book, Thinking in Bets: Making Smarter Decisions When You Don't Have All the Facts.

There’s always an element of luck that you can’t control, and there is always information that is hidden from view. So perhaps the key to long-term success (and avoiding worrying yourself to death) is to think in bets:

How sure am I?What are the possible ways things could turn out?What decision has the highest odds of success?Did I land in the unlucky 10% on the strategy that works 90% of the time?Or is my success attributable to dumb luck rather than great decision making? 


For most people, it’s difficult to say “I’m not sure” in a world that values and, even, rewards the appearance of certainty.

By shifting your thinking from a need for certainty to a goal of accurately assessing what you know and what you don’t, you’ll be less vulnerable to reactive emotions, knee-jerk biases, and destructive habits in your decision making.

You’ll become more confident, calm, compassionate and successful in the long run.

“Better Off” is sponsored by Betterment.

We love feedback so please leave us a rating or review in Apple Podcasts.

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

Connect with me at these places for all my content:

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BONUS call: Social Investing

Mar 13, 2018 00:06:36

Description:

I've been taking listener calls for nearly eight years and I think this is the first social investing question we've received. How can you make sure you're not investing in companies that you don't support, such as gun manufacturers? That's the question this week on the latest BONUS call with Russell from Las Vegas.

Have a money question? Email me here.

Better Off is sponsored by Betterment.

Please let us know what you think by leaving a rating or review in Apple Podcasts.

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Presence with Amy Cuddy

Mar 8, 2018 00:36:00

Description:

Life is full of challenges, both personally and professionally.

Today’s interview with Amy Cuddy is the perfect example. It took a full year to pin her down, and that’s no exaggeration! But Amy was well-worth the wait. I was enchanted with her from the start of our conversation.

Have you ever left a nerve-racking challenge and immediately wished for a do over? Maybe after a job interview, a performance, or a difficult conversation?

The very moments that require us to be genuine and commanding can instead cause us to feel phony and powerless.

Too often we approach our lives' biggest hurdles with dread, execute them with anxiety, and leave them with regret.

By accessing our personal power, we can achieve "presence," the state in which we stop worrying about the impression we're making on others and instead adjust the impression we've been making on ourselves. Does this sound a bit out there to you? RELAX...Amy breaks it down in a way that resonates.

We don't need to embark on a grand spiritual quest or complete an inner transformation to harness the power of presence. Instead, we need to nudge ourselves, moment by moment, by tweaking our body language, behavior, and mind-set in our day-to-day lives. To get started, consider this: “Listening is crucial to presence...Real listening can’t happen unless we have a sincere desire to understand what we’re hearing.”

Amy Cuddy has galvanized tens of millions of viewers around the world with her TED talk about "power poses."

With the paperback release of her bestselling book, Presence, she teaches us how to use simple techniques to liberate ourselves from fear in high-pressure moments, perform at our best, and connect with and empower others to do the same.

“Better Off” is sponsored by Betterment.

We love feedback so please leave us a rating or review in Apple Podcasts.

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

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https://itunes.apple.com/us/podcast/better-off-jill-schlesinger/id431167790?mt=2

BONUS call: Timing the Market

Mar 6, 2018 00:08:08

Description:

If you know anything about me then you know how I feel when it comes to people who think they can successfully time the market. Our BONUS caller this week, Paul from Connecticut, is convinced he knows how the market will perform in 2018. Great call!

Have a finance related question? Go to jillonmoney.com for all the contact info and we'll arrange to get you on.

Don't forget, a brand new episode of the Better Off podcast comes out Thursday so stay tuned for more listener questions plus an informative interview.

Better Off is sponsored by Betterment.

Please let us know what you think by leaving a rating or review in Apple Podcasts.

Connect with me at these places for all my content:

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Tax Season Identity Theft

Mar 1, 2018 00:31:12

Description:

Tax season is like the Super Bowl for identity thieves and that means that you need to be on high alert for scams. Here’s some that you need to guard against:

IRS Phone Scam

Where someone pretending to be from the IRS contacts a consumer stating they owe back taxes and threatens them with jail time if they don't pay. These fraudsters prey on fear and many consumers give in, paying a bogus fee through prepaid card, wiring money or even an iTunes card. Golden rule - the IRS never calls, emails or texts. If you receive these calls, hang up.

W-2 Scam

Imposters are using phishing schemes to target the HR departments of businesses asking for W-2 or W-9 information. In these spear phishing schemes, the emails appear legitimate but they are designed to steal important financial documents. If you receive this email or text, don't respond.

Child ID Theft

Fraudsters target children's data because they have clean, pristine credit profiles and they can use this data for a host of ID theft schemes, including tax related, medical, financial and even criminal. Parents need to be on high alert for child ID theft and should create a credit profile for their child and then freeze it.

Medicare and Social Security Scams

Medicare and Social Security beneficiaries across the country report receiving calls from scam operators (frequently with foreign accents), who claim to represent Medicare, Social Security, or an insurance company.These callers claim that new Medicare, Social Security, or supplemental insurance benefits cards are being issued or that the beneficiary’s file must be updated. The scam artist asks the consumer to verify or provide their personal banking information, which the scammer then uses to commit ID theft.The Center for Medicare and Medicaid Services and the Social Security Administration will not call you to ask you to disclose personal or financial information.

To combat tax fraud, consumers need to file early, take advantage of the PIN if they have been a victim of fraud, use long and strong passwords, enable two factor authentication, use legitimate tax preparers, store important tax docs on an encrypted thumb drive and never give out personal or financial info to someone who contacts you, even if the caller ID looks legit.

“Better Off” is sponsored by Betterment.

We love feedback so please leave us a rating or review in Apple Podcasts.

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

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BONUS call: 401(k) vs Roth 401(k)

Feb 27, 2018 00:05:57

Description:

In what is quickly becoming one of the most common questions we get, today we're discussing the Roth 401(k) option now being offered by many employers. Should you use it if available?

Have a finance related question? Go to jillonmoney.com for all the contact info and we'll arrange to get you on.

Don't forget, a brand new episode of the Better Off podcast comes out Thursday so stay tuned for more listener questions plus an informative interview.

Better Off is sponsored by Betterment.

Please let us know what you think by leaving a rating or review in Apple Podcasts.

Connect with me at these places for all my content:

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Tax Season Tips with Ed Slott

Feb 22, 2018 00:35:31

Description:

With tax season in full swing, it’s time for some much needed tax tips, dos and don’ts, and sage advice about IRAs and backdoor conversions.

As crazy as this might sound, you may want to enjoy this tax year while it lasts, because come next year, it’s going to get a whole lot crazier with all the changes to the tax code.

While almost all of the changes go into effect next tax season, one big change occurs this year. If you itemize deductions on Form 1040, Schedule A, the new law allows you to deduct qualified medical and dental expenses that exceed 7.5 percent of your adjusted gross income (AGI) – that’s a lower threshold than the previous 10 percent. (The level returns to 10 percent beginning January 1, 2019.)

Medical care expenses is a big category and you should check out the IRS list, because it includes payments of fees to doctors, dentists, surgeons, chiropractors, psychiatrists, psychologists, and nontraditional medical practitioners, as well as insurance premiums you paid for policies that cover medical care or for a qualified long-term care insurance policy.

With new withholding tables in effect, the amount may not be enough to cover a lot of taxpayers, especially those in high tax states who could lose certain deductions. To be safe, at least for the first year of the new law, you may want to assume that your tax liability will be at least the same as this year. To avoid a penalty, you can pay 100 percent of your income tax liability from 2017 or 110 percent if you earn more than $150,000.

To get a better sense of your situation, be sure to check out the revised IRS withholding tax calculator on IRS.gov.

And oh yeah, once again, due to a Washington DC holiday (Emancipation Day), the filing deadline is delayed. Procrastinators, mark April 17th, rather than April 15th as your drop-dead date.

“Better Off” is sponsored by Betterment.

We love feedback so please leave us a rating or review in Apple Podcasts.

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

For a recap of every episode, visit https://www.betterment.com/resources/topics/inside-betterment/better-off-podcast/

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BONUS call: Military Retirement Planning

Feb 20, 2018 00:13:22

Description:

After a career in the military, and an amazing job of saving for retirement, how does one plan for a return to civilian life? That was the question from Jeannine in Washington who wants to make sure she has all her ducks in a row as her husband plans to retire from the Army.

Have a finance related question? Go to jillonmoney.com for all the contact info and we'll arrange to get you on.

Don't forget, a brand new episode of the Better Off podcast comes out Thursday so stay tuned for more listener questions plus an informative interview.

Better Off is sponsored by Betterment.

Please let us know what you think by leaving a rating or review in Apple Podcasts.

Connect with me at these places for all my content:

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100 Questions Every First-Time Home Buyer Should Ask

Feb 15, 2018 00:34:22

Description:

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.

We love feedback so please leave us a rating or review in Apple Podcasts.

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

For a recap of every episode, visit https://www.betterment.com/resources/topics/inside-betterment/better-off-podcast/

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BONUS call: Investment Property

Feb 13, 2018 00:09:32

Description:

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.

Have a finance related question? Go to jillonmoney.com for all the contact info and we'll arrange to get you on.

Don't forget, a brand new episode of the Better Off podcast comes out Thursday so stay tuned for more listener questions plus an informative interview.

Better Off is sponsored by Betterment.

Please let us know what you think by leaving a rating or review in Apple Podcasts.

Connect with me at these places for all my content:

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https://itunes.apple.com/us/podcast/better-off-jill-schlesinger/id431167790?mt=2

Worried Market Watchers: What (Not) To Do Next

Feb 8, 2018 00:26:04

Description:

Stock investors are coming off one of the rockiest stretches in two years, leading to the inevitable question: What should I do when the market drops? The answer for long-term investors is clear: nothing. Still, when you hear about big point and percentage losses, especially as the second longest bull market on record tempts some to call the market top, it’s hard not to feel butterflies.

Although you may be tempted to sell, you do so at your own peril. Market timing requires you to make two precise decisions: when to sell and then when to buy back in, something that is nearly impossible. After all, even if you sell and manage to steer clear of the bear by staying in cash, you will not be able to reinvest dividends and fixed-income payments at the bottom and you are likely to miss the eventual market recovery.

The best way to avoid falling into the trap of letting your emotions dictate your investment decisions is to remember that you are a long-term investor and you do not have all of your eggs in one basket. Try to adhere to a diversified portfolio strategy, based on your goals, risk tolerance and time horizon and do not be reactive to short-term market conditions, because over the long term, this strategy works. It’s not easy to do, but sometimes the best action is NO ACTION.

If you are really freaked out about the movement in your portfolio, perhaps you came into this period with too much risk. If that’s the case, you may need to readjust your allocation. If you do make changes, be careful NOT to jump back into those riskier holdings after markets stabilize.

And if you know that you need to access cash from your investments within the next year, perhaps for a house down payment, a car purchase or a tuition bill, that money should not be at risk at all, so go ahead and get it out of the market.

“Better Off” is sponsored by Betterment.

We love feedback so please leave us a rating or review in Apple Podcasts.

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

For a recap of every episode, visit https://www.betterment.com/resources/topics/inside-betterment/better-off-podcast/

Connect with me at these places for all my content:

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BONUS call: Saving for House

Feb 6, 2018 00:06:43

Description:

If you're determined to buy your first house, should the priority be saving for retirement or saving for the down payment? That's what Erin from Salt Lake City was wondering on the latest BONUS call. Do they pull back on their 401(k) contributions or keep maxing out and pay PMI due to a smaller down payment?

Have a finance related question? Go to jillonmoney.com for all the contact info and we'll arrange to get you on.

Don't forget, a brand new episode of the Better Off podcast comes out Thursday so stay tuned for more listener questions plus an informative interview.

Better Off is sponsored by Betterment.

Please let us know what you think by leaving a rating or review in Apple Podcasts.

Connect with me at these places for all my content:

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Universal Basic Income with Rutger Bregman and Roth IRA

Feb 1, 2018 00:26:09

Description:

Despite the fact that we are nearing the ninth year of a global economic recovery, poverty remains a problem. 

In the United States alone, recent numbers from the Census Bureau show the rate to be just under 13% with more than 40 million people considered to be living in poverty.

Globally, more than 1.3 billion live in extreme poverty, meaning they subsist on less than $1.25 a day.

While there are no easy fixes, there are a few ideas that have been tossed around. Some that have been tried and proven, at least on a small scale, like the concept of Universal Basic Income (UBI), something that has very much interested me over the last couple years. 

The basic concept revolves around the idea of all citizens of a country receiving a regular, livable and unconditional sum of money, from the government. You may think that this is a dressed up welfare program that will only encourage people not to work. 

On the contrary, dozens of successful basic income experiments around the globe have proven that the vast majority of us actually want to do something with our lives -- we just need the means to get on our feet.

Check your negative knee-jerk reaction at the door and open yourself up to at least learning about UBI, which can be an investment that pays for itself. 

After all, poverty in its current state is incredibly expensive and ineffective. 

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BONUS call: Retirement Planning

Jan 30, 2018 00:13:07

Description:

You're maxing out your 401(k) plan. You own a rental property that generates more than 2k each month. You have 150k in cash that's just sitting in the bank. You're only 36 years old. What should you do next? How do you put that 150k to work and how should it be allocated? That's exactly why Monica from Brooklyn gave us a shout on the latest BONUS call. Great call!

Have a finance related question? Go to jillonmoney.com for all the contact info and we'll arrange to get you on.

Don't forget, a brand new episode of the Better Off podcast comes out Thursday so stay tuned for more listener questions plus an informative interview.

Better Off is sponsored by Betterment.

Please let us know what you think by leaving a rating or review in Apple Podcasts.

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#MeToo, Workplace Equality and the Gender Gap

Jan 25, 2018 00:34:08

Description:

As the #MeToo movement sweeps across the world, it’s time for employers to address the issues of sexual harassment, workplace inequality and the gender wage gap.

After recently interviewing two experts in their respective fields, here are some key ideas and trends that will help push the movement in the right direction:

HR departments will become increasingly more independentWomen will take jobs previously held by menOrganizations will need to teach, embrace and support young men coming into the workforceWorkplace mentoring programs will be instrumental to imbue companies with a culture that supports diversityWomen who develop characteristics of assertiveness, confidence and aggressive behavior, and who know when to use these behaviors, will find more success in the workplace

Let’s stop with the talk and move to action mode...it’s way past time to address these issues.

“Better Off” is sponsored by Betterment.

We love feedback so please leave us a rating or review in iTunes.

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BONUS call: Windfall Tax

Jan 23, 2018 00:07:59

Description:

I think it's safe to say that we would all like a windfall, right? Emili in Dallas, our BONUS call this week, is one of the lucky ones as she and her husband will soon be coming into a large chunk of money. But with that money comes a tax bill, something Emili wants to make sure she's properly prepared for, hence the call to us!

Have a finance related question? Go to jillonmoney.com for all the contact info and we'll arrange to get you on.

Don't forget, a brand new episode of the Better Off podcast comes out Thursday so stay tuned for more listener questions plus an informative interview.

Better Off is sponsored by Betterment.

Please let us know what you think by leaving a rating or review in iTunes.

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Bitcoin, Cryptocurrencies and Blockchain

Jan 18, 2018 00:32:50

Description:

Bitcoin, bitcoin, bitcoin.  Since the end of 2017 and now into 2018 it’s been hard to avoid the mention of the now wildly popular cryptocurrency. From Cassandra's, who warn that the meteoric rise is a bubble (hello, Jamie Dimon!) to true believers, who think Bitcoin will go to $100,000, it seems that the rest of us better brush up on what’s behind the mania.

My first Bitcoin story aired on CBS in 2011, but I certainly don’t consider myself an expert on all things crypto. Thankfully our guest today, Dan Roberts, senior writer at Yahoo Finance, is a total crypto geek and has been covering the wild ride from the beginning.  

We started by discussing Dan’s recent piece about the biggest misconceptions when it comes to bitcoin. (This is a great primer for any of you who have read headlines, but are now ready to peel back the first layer of the onion.) For instance, one of the great appeals of cryptocurrencies, for better or worse, has always been that it’s not traceable.  Wrong!  As Dan explains, it is very much traceable.  I had no idea.  And it all ties back to the blockchain technology that powers digital currencies.

I also didn’t know that coinbase, the most common exchange used to buy cryptocurrencies, is FDIC insured up to a maximum of $250,000. Like brokerage accounts, the FDIC protect against the failure of the institution, not against trading losses.

Additionally, while it might sound like the Wild West, but the world of cryptocurrencies is more regulated than you would think. Dan notes that legit Bitcoin brokerages are all licensed in some manner: either with Financial Crimes Enforcement Network (FinCEN), the New York Department of Financial Services (NYDFS) and all of the exchanges now offering bitcoin futures and options are overseen by the Commodity Futures Trading Commission (CFTC).

Does that mean you should sell your stocks and plunge into cryptocurrencies? SLOW DOWN, TURBO...Consider this: on the day we taped this interview, Bitcoin tumbled nearly 20 percent, so you would be wise to listen to Dan discuss his number one fear before pulling the trigger.  

Follow Dan on Twitter for easy to understand cryptocurrency content.

“Better Off” is sponsored by Betterment.

We love feedback so please leave us a rating or review in iTunes.

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BONUS call: Bitcoin and Cryptocurrency

Jan 16, 2018 00:08:38

Description:

Bitcoin was all the rage at the end of 2017 and it's showing no signs of letting up in 2018, so it's appropriate that we have our first cryptocurrency BONUS call from Steve in Georgia.

Have a finance question? We want to hear from you! Email us at askjill@betteroffpodcast.com and we'll arrange to get you on.

Don't forget, a brand new episode of the Better Off podcast comes out Thursday so stay tuned for more listener questions plus an informative interview.

Better Off is sponsored by Betterment.

Please let us know what you think by leaving a rating or review in iTunes.

Connect with me at these places for all my content:

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Gaining an Edge on Your Career and Life

Jan 11, 2018 00:31:46

Description:

It’s 2018 and that means that many of you have gotten on the resolution bandwagon. The most common ones are to exercise more/eat less; save more/spend less; and of course one of our favorites: SLEEP MORE!

Career objectives are among the most difficult to tackle. After all, if “Getting a New Job” were so easy, you probably would have done so already. Today’s guest is here to help kick-start your efforts.

Pat Hedley, the author of the recent book, Meet 100 People: A How-To Guide to the Career and Life Edge Everyone's Missing, says that whether you’re an introvert or extrovert, getting out there and meeting people is probably the biggest key to any success you’re going to have.

Of course you know this intuitively, but emails only go so far. To establish genuine relationships and to build a network with life-long value, we have to proactively meet people -- and do so IN PERSON. Pat explains three key issues that are critical to meeting people and expanding your network and she also covers:

How to establish a network when you are starting outHow to properly frame a job searchThe right questions to askWhy rejection isn’t a bad thing

If you -- or someone you know -- is unhappy at work and looking to make a change, maybe 2018 is the year.

“Better Off” is sponsored by Betterment.

We love feedback so please leave us a rating or review in iTunes.

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BONUS call: Mortgage Pay Off

Jan 9, 2018 00:10:36

Description:

The age-old question of whether it makes sense to pay off your mortgage...it never goes away. I understand that you want to be debt free, but keep in mind that there is such a thing as good debt. That's what I explained to Joe from Chicago on the latest BONUS call.

Have a finance question? We want to hear from you! Email us at askjill@betteroffpodcast.com and we'll arrange to get you on.

Don't forget, a brand new episode of the Better Off podcast comes out Thursday so stay tuned for more listener questions plus an informative interview.

Better Off is sponsored by Betterment.

Please let us know what you think by leaving a rating or review in iTunes.

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Eight Financial Resolutions for 2018

Jan 4, 2018 00:22:39

Description:

A colleague recently asked me how he might be able to finally stick to a budget. For years, he had tried to create and adhere to a specific annual spending plan, only to blow a hole through it at some point during the year. "What's wrong with me?" He said. "I know that I should do it, but there's always something that comes up."

Let me be the first to admit that I am not a fan of budgets. In the same way that I think most crash diets lead to failure, the majority of budgets or new year's resolutions fall by the wayside within months of being made, as life interrupts our best intentions. Part of the reason is that we sometimes make the whole process more onerous than necessary.

Budgeting should not be an end but rather the means by which we can accomplish our financial goals. Of course, that fact means that you need to start by establishing those goals.

Here are my top five to help get you started in 2018, though you’ll have to listen for the details on each...and to hear the other three:

Pay down consumer debtEstablish an emergency reserve fundMaximize retirement savingsFund an education planEstablish a general investment account

Technology can be your friend as you address your New Year’s Resolutions. Use it to create automatic drafts to avoid late payments and accelerate the pay-down of loans; to establish similar drafts with your bank or brokerage firm; to beef up your emergency reserve fund; and to slowly increase your contribution levels to your retirement plan with auto-escalation features available at many financial institutions.

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We love feedback so please leave us a rating or review in iTunes.

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BONUS call: SIPC

Jan 2, 2018 00:05:58

Description:

Raise your hand if you know what SIPC stands for? That's what I thought :) Thanks to Jim, our first BONUS caller of 2018, you're all going to get educated a bit!

Have a finance question? We want to hear from you! Email us at askjill@betteroffpodcast.com and we'll arrange to get you on.

Don't forget, a brand new episode of the Better Off podcast comes out Thursday so stay tuned for more listener questions plus an informative interview.

Better Off is sponsored by Betterment.

Please let us know what you think by leaving a rating or review in iTunes.

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Fifty Years of 60 Minutes with Jeff Fager

Dec 28, 2017 00:19:51

Description:

‘Twas the week between Christmas and New Year’s, and not a soul was paying attention to their finances…except everyone scrambling to make year-end tax moves!

Even with the tax bill looming, this is also the week when you should unplug (except from this podcast!), relax, eat, have a glass of wine, forget about all your worries and recharge for 2018.  

That’s why we’re keeping it short and sweet this week with Jeff Fager, executive producer of 60 Minutes and author of the new book, Fifty Years of 60 Minutes: The Inside Story of Television’s Most Influential News Broadcast.

When you think about it, the Sunday staple of 60 Minutes has tracked and shaped the biggest moments in post-war American history. The show has profiled every major leader, artist, and movement of the past five decades, perfecting the news-making interview and inventing the groundbreaking TV expose.

From recent profiles of Michael Bloomberg and the CEO of Chobani to the investigation of the multibillion dollar industry that collects, analyzes and sells the personal information of millions of Americans with virtually no oversight, financial themed stories have played a large role throughout the history of the show.

It was a lot of fun chatting with Jeff and learning about what it takes to make a 60 Minutes worthy story.  

In the world of “fake news” that we currently we live in, it’s reassuring to know that shows like 60 Minutes are still being produced.

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We love feedback so please leave us a rating or review in iTunes.

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BONUS call: Retirement Planning

Dec 26, 2017 00:11:50

Description:

Welcome to the post-Christmas edition of the BONUS call! Only in his early 50s, Jeff from Georgia already has well over a million dollars and wanted to run his longterm game plan by us. Is this a good time to try some market timing??

Have a finance question? We want to hear from you! Email us at askjill@betteroffpodcast.com and we'll arrange to get you on.

Don't forget, a brand new episode of the Better Off podcast comes out Thursday so stay tuned for more listener questions plus an informative interview.

Better Off is sponsored by Betterment.

Please let us know what you think by leaving a rating or review in iTunes.

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Tax Reform and What it Means for You

Dec 21, 2017 00:31:40

Description:

Big changes are coming to the U.S. tax code, but how will it impact YOUR bottom line? 

This week we’re doing something a bit different. No guest! Just me diving deep and offering up my two cents on the GOP’s plan to remake the tax system for the first time in over three decades.

Given the historic nature of the event, I wanted to break it down and mull over some of these questions:

What will change for most Americans?How does geography play into the calculation?What happens to homeowners?How will corporations deploy their tax windfalls?What will the near term and long term economic impact of this reform be?

Thanks for allowing me to hog the mic and rant! Depending on how it goes, you may be hearing a bit more of that in 2018!

“Better Off” is sponsored by Betterment.

We love feedback so please leave us a rating or review in iTunes.

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

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BONUS call: Target Date Funds

Dec 19, 2017 00:06:00

Description:

If you ever take a look at the investments in your retirement plan chances are you'll see a bunch of target-date fund options. Sometimes people think they're the best option...kind of like one stop shopping. And sometimes they are. But sometimes they aren't, which is what Suzen from Chicago found out on the latest BONUS call.

Have a finance question? We want to hear from you! Email us at askjill@betteroffpodcast.com and we'll arrange to get you on.

Don't forget, a brand new episode of the Better Off podcast comes out Thursday so stay tuned for more listener questions plus an informative interview.

Better Off is sponsored by Betterment.

Please let us know what you think by leaving a rating or review in iTunes.

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Bond Boot Camp: What They Are and How They Work

Dec 14, 2017 00:36:58

Description:

What’s a portfolio without a bond position? It’s incomplete and potentially riskier than necessary.

We field so many questions about your portfolios and asset allocation and while stocks may seem sexier because of their upside potential, you always hear me stress that everyone needs exposure to bonds as well.

We rarely dive into bonds in great detail--what they are, how they work, and why you absolutely need them, which is why I thought it would be time for a little Bond Boot Camp. Our leader for this mission on today’s podcast is Justin Land, aka the ultimate bond guru.

Justin is the Director of Tax Exempt Portfolio Management at Wasmer, Schroeder & Company, an investment advisory firm based in Naples, FL.

In the current environment where it seems like the Dow is setting records on a daily basis, there’s probably a lot of people out there who want to be 100% invested in stocks. But what happens when the Bull turns into a Bear -- what will help protect you then?

What if I told you that by owning a bond position, you’d only miss out on a little of the upside, but in return, your downside would look far better when that eventual correction occurs.  

And make no mistake...it’s coming.  It’s a matter of when, not if.  

After hearing this chat with the bond guru, if you don’t already, I hope you add some to your portfolio and start out 2018 on the right financial foot!

“Better Off” is sponsored by Betterment.

We love feedback so please leave us a rating or review in iTunes.

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BONUS call: Buy vs Rent

Dec 12, 2017 00:08:43

Description:

This week on the BONUS call it's the age-old question about big city living...should I buy or keep on renting?

Have a finance question? We want to hear from you! Email us at askjill@betteroffpodcast.com and we'll arrange to get you on.

Don't forget, a brand new episode of the Better Off podcast comes out Thursday so stay tuned for more listener questions plus an informative interview.

Better Off is sponsored by Betterment.

Please let us know what you think by leaving a rating or review in iTunes.

Connect with me at these places for all my content:

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Financial Journalist Felix Salmon is a Curmudgeon and a Baker

Dec 7, 2017 00:37:35

Description:

This week is another example of how the podcasting world really is like a small fraternity/sorority where hosts often appear on each other’s shows.

Today it’s Felix Salmon, host of the Slate Money podcast, joining us on Better Off. If you’re not familiar with Felix, I think the best way to describe him is as a contrarian and/or curmudgeon...something he happily admits!

I’m a big Felix fan and have been reading (he did stints at Reuters, Portfolio Magazine and Euromoney) and listening to him for quite some time so I had a list of topics to cover, including:

Corporate responsibility Active versus passive investing His ongoing relationship with Anthony ScaramucciThe student loan crisisWhat’s next for the US economy

In addition to hosting Slate Money, Felix is currently the editor of Cause and Effect. Because we had so much fun, the interview went a bit long which means no caller this episode.  But fear not!  We’ll be back to our regular format next week.

If you want some good laughs and top notch commentary, follow Felix on Twitter.

“Better Off” is sponsored by Betterment.

We love feedback so please leave us a rating or review in iTunes.

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

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BONUS call: Roth 401(k)

Dec 5, 2017 00:10:24

Description:

This week we have what I believe is our first call ever from Alabama as we welcome Katrina to the show. Katrina and her husband have a lot of money in traditional retirement accounts and are now wondering if it makes sense to start using the Roth 401(k) function through their jobs?

Have a finance question? We want to hear from you! Email us at askjill@betteroffpodcast.com and we'll arrange to get you on.

Don't forget, a brand new episode of the Better Off podcast comes out Thursday so stay tuned for more listener questions plus an informative interview.

Better Off is sponsored by Betterment.

Please let us know what you think by leaving a rating or review in iTunes.

Connect with me at these places for all my content:

http://www.jillonmoney.com/ 

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https://itunes.apple.com/us/podcast/better-off-jill-schlesinger/id431167790?mt=2

Rich People are Anxious...and What That Says About Society

Nov 30, 2017 00:36:45

Description:

Mom always said, ”money can’t buy happiness,” but it sure can make life easier. So it was with some skepticism that I invited this week’s guest Rachel Sherman, associate professor of sociology at the New School in New York City, on the show.

Sherman’s recent book, Uneasy Street: The Anxieties of Affluence, explores what’s going on inside the heads of the one percent.

I know, I know...who wants to hear unhappy, wealthy people whine about all their problems? Cue the sarcastic “Oh those poor things...”

But Sherman wants to know why so many wealthy people have a hard time accepting the fact that they’re financially secure. To find out what it’s really like for people living on “easy street,” Rachel conducted interviews with fifty affluent New Yorkers, including hedge fund financiers and corporate lawyers, professors and artists, and stay-at-home mothers, to examine their lifestyle choices and their understanding of privilege.

The findings were enlightening, and include the subjects wishing to be “normal,” describing their consumption as reasonable or comparing themselves to those who have more than they do, rather than those with less. They also want to see themselves as hard workers who give back and raise children with good values, and they avoid talking about money.

In the process, Rachel sheds light on how extreme inequality comes to seem ordinary and acceptable to the rest of us.

“Better Off” is sponsored by Betterment.

We love feedback so please leave us a rating or review in iTunes.

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

For a recap of every episode, visit https://www.betterment.com/resources/topics/inside-betterment/better-off-podcast/

Connect with me at these places for all my content:

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https://itunes.apple.com/us/podcast/better-off-jill-schlesinger/id431167790?mt=2

Charitable Giving Boot Camp on #GivingTuesday

Nov 28, 2017 00:22:19

Description:

Instead of the usual Tuesday BONUS call, we’re doing something different for this week only.  

Today is “Giving Tuesday”, a global day of charitable giving, which was created to balance the vast consumerism that flourishes during Black Friday weekend through the end of December.

To help explain the importance of philanthropy and how to maximize your annual giving, we’re fortunate have Michael Thatcher, the CEO of Charity Navigator as our guest.

Founded in 2001, Charity Navigator has become the nation's largest and most-utilized evaluator of charities. Their team of professional analysts has examined tens of thousands of nonprofit financial documents. Using the information they’ve gathered, they have developed an unbiased, objective, numbers-based rating system to assess over 8,000 of America's best-known and some lesser known, but worthy, charities.

The timing is perfect, because our sponsor, Betterment, is now offering a service that will allow customers to donate shares from taxable accounts to charitable organizations.

All Betterment customers with appreciated shares will be able to donate long-term investments from their taxable accounts. This feature is one that Betterment is particularly excited to offer customers as it’s part of their deep commitment to giving every investor the high-quality advice that has traditionally only been offered to high-net-worth investors.

When deciding when or where to donate your money, Michael says that in order to be impactful, you need to know where your money goes. He also notes that giving shouldn't be hard, so work with organizations who make the process easier. And remember, all donors who open their hearts, minds, and wallets to good causes, are philanthropists.

So go forth and do your annual good deed...but before you do so, use a strategy that can help you maximize your gifts.

“Better Off” is sponsored by Betterment.

We love feedback so please leave us a rating or review in iTunes.

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

For a recap of every episode, visit https://www.betterment.com/resources/topics/inside-betterment/better-off-podcast/

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https://itunes.apple.com/us/podcast/better-off-jill-schlesinger/id431167790?mt=2

Preserving and Sharing Humanity’s Stories with StoryCorps

Nov 23, 2017 00:23:22

Description:

Since this episode is dropping on Thanksgiving we thought we’d do something a bit different.

Instead of focusing on bettering ourselves financially, we wanted to introduce you to StoryCorps, a non-profit organization that strives to make the world better off by preserving and sharing stories, build connections and create a more just and compassionate world.

In short, it serves as a good reminder of the things that matter most.

And who better to help us stay in the giving thanks spirit than our guest Dave Isay, the founder and president of StoryCorps.

His goal is simple: to use stories to remind us of our shared humanity, to strengthen and build the connections between people, to teach the value of listening, and to weave into the fabric of our culture the understanding that everyone’s story matters. At the same time, StoryCorps is creating an invaluable archive for future generations--every interview is housed at the Library of Congress.

So as you’re sitting around this Thanksgiving weekend with family and friends, I encourage you to download the StoryCorps app and take part in The Great Thanksgiving Listen, a national movement that empowers people of all ages to create an oral history of the contemporary United States by recording an interview with an elder using the free app. 

“Better Off” is sponsored by Betterment.

We love feedback so please leave us a rating or review in iTunes.

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

For a recap of every episode, visit https://www.betterment.com/resources/topics/inside-betterment/better-off-podcast/

Connect with me at these places for all my content:

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https://itunes.apple.com/us/podcast/better-off-jill-schlesinger/id431167790?mt=2

BONUS call: Annuities

Nov 21, 2017 00:06:56

Description:

Today on the BONUS call we're discussing my favorite topic of annuities with Roland who has a sneaking suspicion that his financial advisor may not be steering him in the right direction.

Have a finance question? We want to hear from you! Email us at askjill@betteroffpodcast.com and we'll arrange to get you on.

Don't forget, a brand new episode of the Better Off podcast comes out Thursday so stay tuned for more listener questions plus an informative interview.

Better Off is sponsored by Betterment.

Please let us know what you think by leaving a rating or review in iTunes.

Connect with me at these places for all my content:

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https://itunes.apple.com/us/podcast/better-off-jill-schlesinger/id431167790?mt=2

Food Stamps, Grants, Loans, and Behavioral Economics with Michael Lewis

Nov 16, 2017 00:31:46

Description:

For the second time this year we have a repeat guest on Better Off.

When you have a chance to grab Michael Lewis, you grab him, and that’s what we did!

In early June, Michael was on the pod to discuss his latest book, The Undoing Project: A Friendship That Changed Our Minds. (He’s a prolific writer and chances are you’ve picked up at least one of his books, including Moneyball, The Big Short or Flash Boys.)

Since the Undoing Project is now out in paperback, and Richard Thaler was just awarded the Nobel Prize in Economic Sciences, it made for a perfect opportunity to revisit the topic of behavioral economics.

But that was only part of this interview.

The bulk of it was spent talking to Michael about his current work, which is penning articles for Vanity Fair.

His latest piece, Inside Trump’s Cruel Campaign Against the U.S.D.A.’s Scientists, is a wild tale about various Department of Agriculture programs that are under siege.  

From food stamps to meat inspection, to grants and loans for rural development, to school lunches, these programs impact millions of Americans, though most of us have no idea what exactly the agency does.

Some of the things you hear in this interview will surprise you...and maybe scare you. Stay tuned for more of Michael’s excellent work...he is unstoppable!

“Better Off” is sponsored by Betterment.

We love feedback so please leave us a rating or review in iTunes.

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

For a recap of every episode, visit https://www.betterment.com/resources/topics/inside-betterment/better-off-podcast/

Connect with me at these places for all my content:

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https://itunes.apple.com/us/podcast/better-off-jill-schlesinger/id431167790?mt=2

BONUS call: 401(k) or Roth 401(k)

Nov 14, 2017 00:06:13

Description:

A 401(k) or a Roth 401(k)...which one is right for you? That's what Pat from Virginia wanted to know on the latest BONUS call.

Have a finance question? We want to hear from you! Email us at askjill@betteroffpodcast.com and we'll arrange to get you on.

Don't forget, a brand new episode of the Better Off podcast comes out Thursday so stay tuned for more listener questions plus an informative interview.

Better Off is sponsored by Betterment.

Please let us know what you think by leaving a rating or review in iTunes.

Connect with me at these places for all my content:

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https://itunes.apple.com/us/podcast/better-off-jill-schlesinger/id431167790?mt=2

Side Hustle with Chris Guillebeau

Nov 9, 2017 00:35:12

Description:

Do you have to be an “entrepreneur,” replete with a big, fat business plan in hand, to make a little extra cash on the side?

What if I told you that in 27 days you can come up with an idea, implement it, and potentially start making some extra income on the side?

That is what you call a Side Hustle, which also happens to be the title of the latest book from Chris Guillebeau, this week’s guest on Better Off.

While the thought of quitting your day job to pursue a business of your own may be intoxicating and even escapist, it may also be a bit unrealistic. Most of us can’t just up and quit a job that delivers a regular paycheck and benefits, to boot.

But what if you could quickly and easily create an additional stream of income without giving up the security of a full-time job? Enter Chris and the Side Hustle.

As someone who has launched more than a dozen side hustles over his career, Chris is more than qualified to help you select, launch and refine your new side hustle.

Some of the things you’ll learn include:

Brainstorm, borrow, and steal to build an arsenal of great side hustle ideas (day 3)Apply “Tinder for Side Hustle” logic to pick the best idea at any time (day 6)Learn, gather, or create everything you need to launch; then set up a real life way to get paid (days 13-14)Start raking in the money by channeling your inner Girl Scout (day 18)Master the art of deals, discounts, and special offers (day 21)Raise your game: improve, expand, or make more money off your hustle (days 24-26)

I think the most important takeaway from this interview is realizing that you don’t need entrepreneurial experience to launch a profitable side hustle. Nor do you need to spend/waste money on an MBA or other graduate degree, or know how to code, or be an expert marketer.

If you liked what you heard from Chris, and want some more tips and inspiring real-life success stories, I highly recommend his Side Hustle School podcast.

“Better Off” is sponsored by Betterment.

We love feedback so please leave us a rating or review in iTunes.

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

For a recap of every episode, visit https://www.betterment.com/resources/topics/inside-betterment/better-off-podcast/

Connect with me at these places for all my content:

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BONUS call: Student Loans

Nov 7, 2017 00:06:30

Description:

On the latest BONUS call it's Ralph from Missouri who may win the 2017 Father of the Year Award! Being the nice guy that he is, Ralph wanted to know the pros and cons of helping his daughter pay off a student loan. So nice!

Have a finance question? We want to hear from you! Email us at askjill@betteroffpodcast.com and we'll arrange to get you on.

Don't forget, a brand new episode of the Better Off podcast comes out Thursday so stay tuned for more listener questions plus an informative interview.

Better Off is sponsored by Betterment.

Please let us know what you think by leaving a rating or review in iTunes.

Connect with me at these places for all my content:

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https://itunes.apple.com/us/podcast/better-off-jill-schlesinger/id431167790?mt=2

BONUS call: Mortgage Pay Off

Nov 4, 2017 00:08:57

Description:

Surprise, surprise...it's a BONUS call on a Saturday!

Since we haven't had any calls on the last few episodes, we thought we'd throw you guys a bone :)

So sit back and enjoy our chat with Rod about whether or not he should pay off his mortgage.

Better Off is sponsored by Betterment.

Please let us know what you think by leaving a rating or review in iTunes.

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The Four Tendencies with Gretchen Rubin

Nov 2, 2017 00:34:40

Description:

We all fall into at least one of four personality categories: We’re either Upholders, Questioners, Obligers or Rebels, according to our guest Gretchen Rubin. Her latest book, The Four Tendencies: The Indispensable Personality Profiles That Reveal How to Make Your Life Better, is already a bestseller.

Rubin says that understanding which category defines you, can transform what you do at home, at work, and in life by helping you make better decisions, meet deadlines, suffer less stress, and engage more effectively. [FYI, I’m an Upholder, as is Mark, which may explain why we work so well together!]

The Four Tendencies hold practical answers if you’ve ever thought…

People can rely on me, but I can’t rely on myself?How can I help someone to follow good advice?People say I ask too many questions.How do I work with someone who refuses to do what I ask—or who keeps telling me what to do?

If you’re having trouble figuring out which tendency best describes you, fear not, as Gretchen has developed a very easy quiz for you to take. It takes no more than ten minutes -- more than a million people have already completed it! You can take the quiz here.

Knowing who you are may be able to make you happier, healthier, more productive and even more creative. After all, it’s far easier to succeed, when you know what works for you and those who surround you.

For more from a leading observer of human nature, follow Gretchen on Twitter.

“Better Off” is sponsored by Betterment.

We love feedback so please leave us a rating or review in iTunes.

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

For a recap of every episode, visit https://www.betterment.com/resources/topics/inside-betterment/better-off-podcast/

Connect with me at these places for all my content:

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https://itunes.apple.com/us/podcast/better-off-jill-schlesinger/id431167790?mt=2

BONUS call: Mortgage Rates

Oct 31, 2017 00:13:13

Description:

Imagine that you have a very cheap mortgage but the rate is adjustable and not fixed. Also imagine that you have the cashflow to lock it in. Should you do it? That's the scenario on the latest BONUS call as we're chatting with Matt in Pennsylvania.

Better Off is sponsored by Betterment.

Please let us know what you think by leaving a rating or review in iTunes.

Connect with me at these places for all my content:

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https://itunes.apple.com/us/podcast/better-off-jill-schlesinger/id431167790?mt=2

The Hidden DNA of Amazon, Apple, Facebook, and Google with Scott Galloway

Oct 26, 2017 00:35:14

Description:

Maybe I’m dating myself, but there was a time that whenever I would hear the “Big Four,” I would always think of the big four accounting firms...Ernst & Young, KPMG, Deloitte and PwC.

Well, it’s now 2017, and the new, much bigger, Big Four are Facebook, Amazon, Google and Apple. Given their outsized share of the marketplace, not to mention our lives, are these companies monopolizing our lives in a negative way? Our guest this week, Scott Galloway, certainly thinks so.

Scott is a professor at New York University’s Stern School of Business, where he teaches brand strategy and digital marketing to second-year MBA students. A serial entre­preneur, he has founded nine firms, including L2. In 2012, he was named one of the “World’s 50 Best Busi­ness School Professors” by Poets & Quants.

In his first book, The Four: The Hidden DNA of Amazon, Apple, Facebook, and Google, Scott explores how these massive companies infiltrate our lives so completely that they’re almost impossible to avoid.  Why does the stock market forgive them for sins that would destroy other firms? As they race to become the world’s first trillion-dollar company, can anyone chal­lenge them? These are just a couple of the fundamental questions Scott asks throughout the book.  

Let’s face it, there’s no avoiding them, so we all better figure out how to either compete with them, work with them, or just live in a world dominated by them.

For more laughs and dry humor from Scott, I highly recommend his weekly YouTube series, “Winners and Losers.” It’s laugh out loud funny and has generated tens of millions of views.

“Better Off” is sponsored by Betterment.

We love feedback so please leave us a rating or review in iTunes.

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

For a recap of every episode, visit https://www.betterment.com/resources/topics/inside-betterment/better-off-podcast/

Connect with me at these places for all my content:

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https://itunes.apple.com/us/podcast/better-off-jill-schlesinger/id431167790?mt=2

BONUS call: Buy vs Rent

Oct 24, 2017 00:09:50

Description:

This week on the BONUS call it's Chipper from Atlanta with the age-old question of renting vs. buying. There is no rule that says it's always better to own. For some, renting can be a better long-term option. Chipper, currently a renter who despises debt, is wondering if he can make more in the stock market instead of tying up his cash in a house? Good question!

Better Off is sponsored by Betterment.

Please let us know what you think by leaving a rating or review in iTunes.

Connect with me at these places for all my content:

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https://itunes.apple.com/us/podcast/better-off-jill-schlesinger/id431167790?mt=2


The Road to Black Monday, the Worst Day in Wall Street History with Diana Henriques

Oct 19, 2017 00:41:05

Description:

Ask some Wall Street veterans where they were on October 19, 1987 and they will likely regale you with details of any crisis. My life changed that day in ways that often creep up on me. Indeed, Black Monday was the single worst day in Wall Street history, with the Dow Jones Industrial Average plunging by more than 22 percent in one session--that’s the equivalent of the blue chip index diving by more than 5,000 points today.

It was a “First Class Catastrophe”, according to our first class guest and storyteller supreme, Diana Henriques, who dropped by the studio to help us retrace the events that led up to that day.

Diana joined us on the podcast earlier this year when her book, The Wizard of Lies: Bernie Madoff and the Death of Trust, was made into an HBO movie. This time around Diana is joining us to discuss her latest book, A First-Class Catastrophe: The Road to Black Monday, the Worst Day in Wall Street History.  As Diana recounts, Black Monday was more than seven years in the making and threatened nearly every U.S. financial institution.

There were missed opportunities, market delusions, and destructive actions that stretched from the “silver crisis” of 1980 to turf battles in Washington and a rivalry between the New York Stock Exchange and the Chicago Mercantile Exchange.

Here’s the crazy thing...you’d think that after Black Monday, lessons would be learned. But in her analysis, Henriques demonstrates how that Monday in the fall of 1987 was the predicate to the financial crisis of 2008. Sadly, investors, regulators, and bankers failed to heed the lessons of 1987, even as the same patterns resurfaced.

This was a fascinating interview for me because I lived through this period. I had just started my career on Wall Street, as the chaos was unfolding. I watched firsthand as my father nearly lost his business.  This chat was like going down memory lane and it’ll give you guys a good glimpse of the life I used to live before I started hosting podcasts and radio shows!

“Better Off” is sponsored by Betterment.

We love feedback so please leave us a rating or review in iTunes.

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

For a recap of every episode, visit https://www.betterment.com/resources/topics/inside-betterment/better-off-podcast/

Connect with me at these places for all my content:

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https://itunes.apple.com/us/podcast/better-off-jill-schlesinger/id431167790?mt=2

BONUS call: Pension Plan

Oct 17, 2017 00:09:52

Description:

Does having a job with a great pension mean you should stay there no matter what? That's what Nathan from Upstate New York is trying to decide. Nathan has a solid job with an awesome pension but was recently offered a new job without a pension. As I like to say, money makes life easier, but doesn't guarantee happiness.

Better Off is sponsored by Betterment.

Please let us know what you think by leaving a rating or review in iTunes.

Connect with me at these places for all my content:

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https://itunes.apple.com/us/podcast/better-off-jill-schlesinger/id431167790?mt=2

The Equifax Data Breach with Credit Expert John Ulzheimer

Oct 12, 2017 00:33:56

Description:

How many of you were impacted by the recent Equifax data breach? I was, Mark was, and considering 145.5 million other Americans were impacted, I’m going to guess that includes many of you too.

Now that the news is out, heads have rolled (CEO Richard Smith has stepped down), Congressional hearings have taken place, where do things stand? More importantly, what should you do? Who should you trust?

In times like these, there’s one go-to person: John Ulzheimer, the foremost authority on anything involving credit scores, credit reports, breaches, etc. John is so good that we did this interview on the phone!

Formerly of FICO, Equifax and Credit.com, John is the only recognized credit expert who actually comes from the credit industry. He has served as a credit expert witness in more than 270 cases and has been qualified to testify in both Federal and State court on the topic of consumer credit.

We’re going to get into all the dos and don’ts with John, but so you also have the vitals to reference, here are the main takeaways:

Contact one (under Federal law, each is obligated to notify the other two) of the three credit bureaus Equifax (800-766-0008), Experian (888-397-3742) and TransUnion (800-680-7289) to put a free fraud alert on your credit report. You should also contact a fourth, lesser known company Innovis. The alert makes it harder for an identity thief to open more accounts in your name, but experts note that alerts usually just slow down the process of criminals opening accounts in your name, they don’t prevent it.If someone has used your information to make purchases or open accounts, file a complaint with the Federal Trade Commission and print your Identity Theft Affidavit. Use that to file a police report and create your Identity Theft Report.Place a credit-freeze on your credit file, which generally stops all access to your credit report. Unfortunately, you need to contact all the companies to freeze your file. Here are the links: Equifax; Experian; TransUnion and Innovis. Important note about a freeze: If you need to access credit, you have to unfreeze your records, which can take a few days. Some states charge a fee for placing or removing a credit freeze, but it’s free to place or remove a fraud alert.

I’m not trying to freak you out or make you even more paranoid, but the reality of the situation is not if your information will be compromised, but when.

For tips on how to minimize the chances of it happening, and what to do if it does, follow John on Twitter.

“Better Off” is sponsored by Betterment.

We love feedback so please leave us a rating or review in iTunes.

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

For a recap of every episode, visit https://www.betterment.com/resources/topics/inside-betterment/better-off-podcast/

Connect with me at these places for all my content:

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https://itunes.apple.com/us/podcast/better-off-jill-schlesinger/id431167790?mt=2

BONUS call: Roth 401(k)

Oct 10, 2017 00:07:24

Description:

Nowadays it's becoming more and more common for employers to offer a traditional 401(k) as well as a Roth 401(k). Our BONUS caller today, Andrea from Minnesota, has both options and is wondering which one she should use? Or should she use both?

Have a finance question? We want to hear from you! Email us at askjill@betteroffpodcast.com and we'll arrange to get you on.

Don't forget, a brand new episode of the Better Off podcast comes out Thursday so stay tuned for more listener questions plus an informative interview.

Better Off is sponsored by Betterment.

Please let us know what you think by leaving a rating or review in iTunes.

Connect with me at these places for all my content:

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https://itunes.apple.com/us/podcast/better-off-jill-schlesinger/id431167790?mt=2

George Anders & The Surprising Power of a "Useless" Liberal Arts Education

Oct 5, 2017 00:39:48

Description:

So often on this podcast, and on my radio show, we field questions from recent grads with insane amounts of student loan debt. Sometimes it’s enough debt to wreck a life.

There’s enough blame to go around, but so often it’s a case of students feeling the pressure to go to fancy, high priced colleges to study what seems like an obscure major. But before you think that I am about to argue that every able-bodied student should be studying for a degree in a STEM (science, technology, engineering, mathematics) field, read on...

Let me pose a question. What is wrong with a well-rounded liberal arts degree? A degree, which I might add, can be earned at countless reasonably priced colleges. 

George Anders, our guest this week on Better Off makes a strong case in his recently released book, You Can Do Anything: The Surprising Power of a "Useless" Liberal Arts Education.

You don’t have to be a rocket scientist or know how to write computer code to succeed in today’s work environment. 

When you really think about it, it’s amazing how many doors a so called “useless” liberal arts education can open.

As George says, you can be yourself, as an English major, and thrive in sales. You can segue from anthropology into the booming new field of user research; from classics into management consulting, and from philosophy into high-stakes investing. At any stage of your career, you can bring a humanist’s grace to the rapidly evolving high-tech future.

If you’ve got kids starting the college application process, who are resisting calls to declare a STEM major or if you’re thinking about furthering your education by going to grad school, listen to this episode before making any decisions.

“Better Off” is sponsored by Betterment.

We love feedback so please leave us a rating or review in iTunes.

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

For a recap of every episode, visit https://www.betterment.com/resources/topics/inside-betterment/better-off-podcast/

Connect with me at these places for all my content:

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https://itunes.apple.com/us/podcast/better-off-jill-schlesinger/id431167790?mt=2

BONUS call: Retirement Planning

Oct 3, 2017 00:06:11

Description:

I love when we get calls from young people, and that's the case on the latest BONUS call with Ruth from Cleveland. Ruth, just 24 years old, is already a great saver but she's wondering if there's a better alternative to a plain old savings account?

Have a finance question? We want to hear from you! Email us at askjill@betteroffpodcast.com and we'll arrange to get you on.

Don't forget, a brand new episode of the Better Off podcast comes out Thursday so stay tuned for more listener questions plus an informative interview.

Better Off is sponsored by Betterment.

Please let us know what you think by leaving a rating or review in iTunes.

Connect with me at these places for all my content:

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https://itunes.apple.com/us/podcast/better-off-jill-schlesinger/id431167790?mt=2

Fifty Inventions That Shaped the Modern Economy with Tim Harford

Sep 28, 2017 00:36:52

Description:

How many of you rode an elevator today? Or Googled something? Or use index funds in your financial lives?

I’m going to guess all of you did at least one of those things.  I’m also going to guess that you probably didn’t realize that those three things are among the 50 inventions that shaped the modern economy.

That’s according to the list compiled by BBC and Financial Times journalist Tim Harford, our guest this week on Better Off and author of the new book, Fifty Inventions That Shaped the Modern Economy.

The book paints a picture of change by telling fascinating and compelling stories of the tools, people, and ideas that had far-reaching consequences for the global economy. From the plough to air conditioning, from Gillette’s disposable razor to IKEA’s Billy bookcase, Tim is able to recount each invention’s own curious, surprising, and memorable journey.

We also touched on Tim’s previous book, Messy: The Power of Disorder to Transform Our Lives, which comes out in paperback this October. As someone who could be described as a bit compulsive, especially when it comes to my email inbox, I loved this book because it celebrates the benefits of messiness in our lives: why it’s important, why we resist it, and why we should embrace it.  

Little did I know that a bit of mess lies at the core of how we innovate, how we achieve, how we reach each other – in short, how we succeed.

I enjoyed this interview so much that, yep, you guessed it, no call this week! I don’t think you’ll mind...this was a fun one.

I highly recommend following Tim on Twitter and checking out the 50 Things That Made the Modern Economy podcast.

“Better Off” is sponsored by Betterment.

We love feedback so please leave us a rating or review in iTunes.

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

For a recap of every episode, visit https://www.betterment.com/resources/topics/inside-betterment/better-off-podcast/

Connect with me at these places for all my content:

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https://itunes.apple.com/us/podcast/better-off-jill-schlesinger/id431167790?mt=2

BONUS call: Student Loans

Sep 26, 2017 00:07:48

Description:

This week on the BONUS call we've got Samantha from North Carolina. Samantha, who is currently in grad school at Duke University, will be entering the real world in May of 2018 and wants to know what steps she should take to immediately pay off her student loans. The good news is that Samantha had some soccer scholarships along the way so the damage isn't too severe.

Have a finance question? We want to hear from you! Email us at askjill@betteroffpodcast.com and we'll arrange to get you on.

Don't forget, a brand new episode of the Better Off podcast comes out Thursday so stay tuned for more listener questions plus an informative interview.

Better Off is sponsored by Betterment.

Please let us know what you think by leaving a rating or review in iTunes.

Connect with me at these places for all my content:

http://www.jillonmoney.com/ 

https://twitter.com/jillonmoney 

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https://itunes.apple.com/us/podcast/better-off-jill-schlesinger/id431167790?mt=2

How Wall Street Destroyed Main Street with Rana Foroohar

Sep 21, 2017 00:37:04

Description:

As you’ll recall, we did our fair share of explaining why Wall Street matters, on the episode featuring Bill Cohan.

Today we’re doing a 180 with financial journalist and author Rana Foroohar.  Rana’s book, Maker and Takers: How Wall Street Destroyed Main Street, doesn’t exactly paint our economic system in the best light.  

The book, just released in paperback, explores how the misguided financial practices and philosophies that nearly toppled the global financial system have infiltrated many US businesses.  

Rana shows how the “financialization of America,” the trend by which finance and its way of thinking have come to reign supreme, is perpetuating Wall Street’s reign over Main Street, widening the gap between rich and poor, and threatening the future of the American Dream.

And since it’s not everyday that we have a Financial Times columnist in the studio, we also talked a good bit about the global economy, including Germany, Brexit, and China.

Rana is a great storyteller, and it’s through stories of both “Takers,” those stifling job creation while lining their own pockets, and “Makers,” businesses serving the real economy, that she shows how we can reverse these trends for a better path forward.

If you’re like me and an avid consumer of financial journalism, follow Rana on Twitter for some of the best reporting around.

“Better Off” is sponsored by Betterment.

We love feedback so please leave us a rating or review in iTunes.

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

For a recap of every episode, visit https://www.betterment.com/resources/topics/inside-betterment/better-off-podcast/

Connect with me at these places for all my content:

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https://itunes.apple.com/us/podcast/better-off-jill-schlesinger/id431167790?mt=2

BONUS call: Life Insurance

Sep 19, 2017 00:14:19

Description:

This week we have our longest BONUS call yet from Chris in Minnesota. Why was it on the longer side? Because Chris had some questions about the tricky world of life insurance products. Chris is currently using a product to save for college education and wanted to know if he should keep on doing what he's doing or if it's time to mix things up.

Have a finance question? We want to hear from you! Email us at askjill@betteroffpodcast.com and we'll arrange to get you on.

Don't forget, a brand new episode of the Better Off podcast comes out Thursday so stay tuned for more listener questions plus an informative interview.

Better Off is sponsored by Betterment.

Please let us know what you think by leaving a rating or review in iTunes.

Connect with me at these places for all my content:

http://www.jillonmoney.com/ 

https://twitter.com/jillonmoney 

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https://www.youtube.com/c/JillSchlesinger 

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https://itunes.apple.com/us/podcast/better-off-jill-schlesinger/id431167790?mt=2

MONEY’s 2017-18 Best Colleges For Your Money

Sep 14, 2017 00:36:47

Description:

It’s September and by now, the kids are back to school. Not surprisingly, I used to love this time of year. What can I say...you guys know I’m a total geek.

Whether you’re sending your little ones off for the first time or your kid is entering the final chapter of high school, the most expensive part of their education is yet to come!

I know, I’m such a Debbie Downer. But the cost of college is no joke and if handled without forethought, it can wreak havoc on the financial lives of parents or saddle kids with boatloads of debt.

There are thousands of colleges out there. Public, private, in-state, out-of-state, off-campus, on-campus, this major, that major...it goes on and on. It can be extremely overwhelming. 

So where does one turn for some help with the process? My favorite place to go is the annual Best Colleges For Your Money list from MONEY.

To help us break down the 2017 rankings, MONEY reporter Kaitlin Mulhere, joins us. Her beat is her education, so she is the ideal person to discuss the topic.

According to Kaitlin, MONEY uses three categories to compile the list: 

Cost: This category takes into account the net price of a degree, student loan debt, student loan repayment and default risk, value-added student loan repayment measures and affordability for low-income students.Education Quality: This includes the six-year graduation rate, value-added graduation rate, peer quality, instructor quality and financial troubles facing the school.Alumni Success: Includes graduates’ earnings, earnings adjusted by majors, 10-year earnings, estimated market-value of alumni’s average job skills and value-added earnings.

I’m not going to reveal the whole list, but I will say that my alma mater at least cracked the top 50. That’s more than I can say for where Mark went...

“Better Off” is sponsored by Betterment.

We love feedback so please leave us a rating or review in iTunes.

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

For a recap of every episode, visit https://www.betterment.com/resources/topics/inside-betterment/better-off-podcast/

Connect with me at these places for all my content:

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https://itunes.apple.com/us/podcast/better-off-jill-schlesinger/id431167790?mt=2

BONUS call: Real Estate

Sep 12, 2017 00:09:36

Description:

This week on the BONUS call we're going to Bend, Oregon where we received a real estate question from Neil. Only 25 years old, Neil is wondering if it makes sense for him to buy a house. Because the housing market is hot where he lives, he's worried he'll be priced out if he waits much longer.

Have a finance question? We want to hear from you! Email us at askjill@betteroffpodcast.com and we'll arrange to get you on.

Don't forget, a brand new episode of the Better Off podcast comes out Thursday so stay tuned for more listener questions plus an informative interview.

Better Off is sponsored by Betterment.

Please let us know what you think by leaving a rating or review in iTunes.

Connect with me at these places for all my content:

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https://itunes.apple.com/us/podcast/better-off-jill-schlesinger/id431167790?mt=2

Weapons of Math Destruction with Cathy O’Neil

Sep 7, 2017 00:40:03

Description:

This week on the Better Off podcast it’s yet another example of my geekiness.

I love math and statistics...but I am nothing compared to the brilliant Cathy O’Neil. I have been a fan girl of Cathy’s since discovering her blog, mathbabe.org and then hearing her on the Slate Money podcast. Cathy, whose New York Times bestselling book Weapons of Math Destruction is now out in paperback, is the ultimate math geek, but more importantly, she is one of the most thoughtful intellectuals that I have encountered.

Cathy’s resume is impressive: a Ph.D. in math from Harvard, a postdoc at the MIT math department, a professor at Barnard College, where she published a number of research papers in arithmetic algebraic geometry and then a short-lived stint on Wall Street, before she launched her consulting firm, ORCAA.

When I heard Cathy explain complicated topics and then read the hardcover edition of the book last year, I knew we had to have her on the pod.  It’s such a fascinating read about how big data increases inequality and threatens democracy. From how teachers are graded to how policing strategies are developed to credit scores and health insurance...it’s going to blow your mind when you hear how algorithms (mathematical models), dictate so much of our day-to-day lives.

But what happens when these models are out of whack...opaque, unregulated and incontestable? Unfortunately, the already unlucky and struggling among us, get the short end of the stick. What can individuals do about these unproven mathematical equations? As you’ll hear Cathy explain, it starts by asking some basic questions.  

I hope you enjoy this interview as much as I did. It’s by far one of my favorites...so much so that there’s no call this week, just the interview.

“Better Off” is sponsored by Betterment.

We love feedback so please leave us a rating or review in iTunes.

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

For a recap of every episode, visit https://www.betterment.com/resources/topics/inside-betterment/better-off-podcast/

Connect with me at these places for all my content:

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https://itunes.apple.com/us/podcast/better-off-jill-schlesinger/id431167790?mt=2

BONUS call: Elder Care

Sep 5, 2017 00:12:27

Description:

I loved this latest BONUS call from Brianne in Oakland, CA. Brianne wasn't looking to help herself...instead she got in touch with us because she wants to help her parents. For the last several years she has been trying to help them get their financial lives in order. Although she has made progress, there's still a lot of work to do. After this call I'm ready to give Brianne the "Daughter of the Year" award. I think her parents are very lucky to have her around.

Have a finance question? We want to hear from you! Email us at askjill@betteroffpodcast.com and we'll arrange to get you on.

Don't forget, a brand new episode of the Better Off podcast comes out Thursday so stay tuned for more listener questions plus an informative interview.

Better Off is sponsored by Betterment.

Please let us know what you think by leaving a rating or review in iTunes.

Connect with me at these places for all my content:

http://www.jillonmoney.com/ 

https://twitter.com/jillonmoney 

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https://itunes.apple.com/us/podcast/better-off-jill-schlesinger/id431167790?mt=2

Strategies for Achieving Peak Performance

Aug 31, 2017 00:35:22

Description:

I’m going to let you guys in on a little secret.  I’m a total nerd when it comes to the brain and behavior. Why we choose to do the things we do or behave in certain ways has always fascinated me.  

So a few months ago when today’s guest, Friederike Fabritius, was in town from Germany, I jumped at the chance to interview her.  

Friederike is a leading expert in the field of Neuroleadership. In other words, she’s also a total nerd when it comes to the brain and behavior. In her recent book, The Leading Brain: Powerful Science-Based Strategies for Achieving Peak Performance, she presents simple yet powerful strategies for:

Achieving the highest performanceSharpening focusLearning and retaining information more efficientlyImproving complex decision-makingCultivating trust and building strong teams

Throughout the book, Friederike focuses on using solid scientific findings to develop new methods and practices for leadership development.  

With Labor Day upon us and the final quarter of the year in sight, you may want to pick up this book for both you and your colleagues so you can all strive to perform at your maximum potential.  

“Better Off” is sponsored by Betterment.

We love feedback so please leave us a rating or review in iTunes.

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

For a recap of every episode, visit https://www.betterment.com/resources/topics/inside-betterment/better-off-podcast/

Connect with me at these places for all my content:

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https://itunes.apple.com/us/podcast/better-off-jill-schlesinger/id431167790?mt=2

BONUS call: Do You Need a Financial Advisor

Aug 29, 2017 00:09:07

Description:

This week on the BONUS call we're going to the beautiful Pacific Northwest to chat with Diane from Portland, Oregon. Diane and her husband, in their early 40s, have some considerable assets and are now wondering if it's worth paying a fee to meet with a financial advisor.

Have a finance question? We want to hear from you! Email us at askjill@betteroffpodcast.com and we'll arrange to get you on.

Don't forget, a brand new episode of the Better Off podcast comes out Thursday so stay tuned for more listener questions plus an informative interview.

Better Off is sponsored by Betterment.

Please let us know what you think by leaving a rating or review in iTunes.

Connect with me at these places for all my content:

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https://itunes.apple.com/us/podcast/better-off-jill-schlesinger/id431167790?mt=2

Stacking Benjamins: Earn, Save, and Spend Money With a Plan

Aug 24, 2017 00:36:49

Description:

I’ve been in the podcasting world for a few years now and one thing I’ve discovered is that the podcasting world really is like a small fraternity/sorority where hosts form bonds and even appear on each other’s shows. We’re no different. And this week we’re doing it again with Joe Saul-Sehy, host of the Stacking Benjamins podcast.

I’ve been a guest on Joe’s pod so I figured it was time to return the favor. Just like me, Joe has a background in finance. He was a financial advisor for 16 years and represented American Express and Ameriprise in the media. He was also the “Money Man” at Detroit television WXYZ-TV.

Once he got the bug from listening to others, Joe decided he wanted to host his own podcast and now, just four short years later, it’s his full-time job.

What is it about Joe’s background and approach that has resonated with listeners?Why don’t people want to talk about money?What has Joe excited about where we are in the financial world?

Those questions and many others made for a very fun interview. You can find out more about Joe’s show on his Twitter page.

“Better Off” is sponsored by Betterment.

We love feedback so please leave us a rating or review in iTunes.

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

For a recap of every episode, visit https://www.betterment.com/resources/topics/inside-betterment/better-off-podcast/

Connect with me at these places for all my content:

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https://itunes.apple.com/us/podcast/better-off-jill-schlesinger/id431167790?mt=2

BONUS call: Asset Allocation

Aug 22, 2017 00:10:12

Description:

This week on the BONUS call we've got Ari from New York City. Ari, a physician, has been accumulating assets for several years and recently realized that the bulk of his money is in stocks. Now Ari is thinking his portfolio should be more balanced but he's worried about the tax hit if he starts moving things around.

Have a finance question? We want to hear from you! Email us at askjill@betteroffpodcast.com and we'll arrange to get you on.

Don't forget, a brand new episode of the Better Off podcast comes out Thursday so stay tuned for more listener questions plus an informative interview.

Better Off is sponsored by Betterment.

Please let us know what you think by leaving a rating or review in iTunes.

Connect with me at these places for all my content:

http://www.jillonmoney.com/ 

https://twitter.com/jillonmoney 

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

http://betteroffpodcast.com/ 

https://itunes.apple.com/us/podcast/better-off-jill-schlesinger/id431167790?mt=2

Why the Justice Department Fails to Prosecute Executives

Aug 17, 2017 00:39:21

Description:

It’s hard to believe that we’re coming up on the ninth anniversary of the financial crisis that contributed to the Great Recession. What’s frustrating and mystifying is how many people, or lack thereof, actually faced the music for contributing to the debacle.

The anemic response from the Department of Justice sparked today’s guest, Pulitzer Prize winning journalist Jesse Eisinger, to write The Chickenshit Club: Why the Justice Department Fails to Prosecute Executives.

How can it be that no major bankers were charged or put in prison after the financial crisis of 2008?

The Chickenshit Club, an inside reference to those prosecutors who were too scared of failure and too daunted by legal impediments to execute the duties of their jobs, explains why. The pages span the last decade and a half of prosecutorial flops, corporate lobbying, trial losses and culture shifts that have stripped the government of the will and ability to prosecute top corporate executives.

But it wasn’t always this way. In the 1970s, it was commonplace that top corporate executives, not just seedy crooks and drug dealers, could commit crimes and actually be sent to prison.

What changed between then and now? Is it a problem that can be corrected? If so, how? The Chickenshit Club provides a clear, detailed explanation as to how our Justice Department has come to avoid, bungle, and mismanage the fight to bring white-collar criminals to justice.

You can follow Jesse and his latest reporting on Twitter.

“Better Off” is sponsored by Betterment.

We love feedback so please leave us a rating or review in iTunes.

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

For a recap of every episode, visit https://www.betterment.com/resources/topics/inside-betterment/better-off-podcast/

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https://itunes.apple.com/us/podcast/better-off-jill-schlesinger/id431167790?mt=2

BONUS call: Student Loans

Aug 15, 2017 00:09:37

Description:

This week on the BONUS call it's yet again the all too familiar question about heavy, heavy student loan debt. This time it was Alida in Florida looking for some advice as to how she and her husband can attack roughly 200k in loans. Even though that is a serious amount of debt, I have a pretty good feeling about these guys.

Have a finance question? We want to hear from you! Email us at askjill@betteroffpodcast.com and we'll arrange to get you on.

Don't forget, a brand new episode of the Better Off podcast comes out Thursday so stay tuned for more listener questions plus an informative interview.

Better Off is sponsored by Betterment.

Please let us know what you think by leaving a rating or review in iTunes.

Connect with me at these places for all my content:

http://www.jillonmoney.com/ 

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https://www.youtube.com/c/JillSchlesinger 

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

http://betteroffpodcast.com/ 

https://itunes.apple.com/us/podcast/better-off-jill-schlesinger/id431167790?mt=2

How the Best Leaders Inspire People Every Day

Aug 10, 2017 00:35:15

Description:

What is life without inspiration?  To me it sounds a bit boring. Of course inspiration can come from anywhere, but because we spend the bulk of our time in the workplace, it is a natural setting to seek it out. Conversely, if you’re the boss, don’t you want to be seen as somebody who inspires?

It’s easier said than done, but thanks to our guest this week, executive coach Kristi Hedges, there are everyday actions that any leader can take to be an inspiring and motivating force.  

In her latest book, The Inspiration Code: How the Best Leaders Energize People Every Day, Kristi shows how to become a leader who builds commitment and fosters greatness in others.

Having spent years studying exactly what inspiring leaders do differently, Kristi likes to think of inspirational people as the four Ps:

PRESENT: investing their full attention and letting conversations flowPERSONAL: speaking genuinely, listening generously, and acknowledging the potential of those around themPASSIONATE: exhibiting sincere emotion and exuding energy attuned to the situationPURPOSEFUL: helping others find meaning and see their place in the bigger picture

If you think your boss might be missing one of the Ps, maybe it’s time to pull him or her aside and have a friendly chat...

For more workplace and leadership tips, you can follow Kristi on Twitter.

“Better Off” is sponsored by Betterment.

We love feedback so please leave us a rating or review in iTunes.

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

For a recap of every episode, visit https://www.betterment.com/resources/topics/inside-betterment/better-off-podcast/

Connect with me at these places for all my content:

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https://itunes.apple.com/us/podcast/better-off-jill-schlesinger/id431167790?mt=2

BONUS call: Diversification

Aug 8, 2017 00:09:10

Description:

Last week on the BONUS call the question was about when to start diversifying. This week Ashley from Florida is asking if there's such a thing as being too diversified? With a few different retirement accounts in the works, does she need all of them? Or does less really equal more in this scenario?

Have a finance question? We want to hear from you! Email us at askjill@betteroffpodcast.com and we'll arrange to get you on.

Don't forget, a brand new episode of the Better Off podcast comes out Thursday so stay tuned for more listener questions plus an informative interview.

Better Off is sponsored by Betterment.

Please let us know what you think by leaving a rating or review in iTunes.

Connect with me at these places for all my content:

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https://itunes.apple.com/us/podcast/better-off-jill-schlesinger/id431167790?mt=2

Hot Housing: How to Buy and Sell

Aug 3, 2017 00:34:05

Description:

Prices are up, inventories are down which means the housing market is hot again. It’s not like the crazy days of 2005, but conditions are a bit frenzied. To prepare for what is likely to be the biggest asset purchase or sale you’ll make in life, we turn to Stephen Gasque, host of Real Estate Today, a weekly radio program presented by the National Association of Realtors.

Whether you’re a first-time buyer or seller, Steven is full of tips to help you navigate the process.

One of the topics we spent some time on is the current inventory crisis and why it’s seemingly harder than ever for potential buyers to get the home they want. Why is the competition among buyers more intense than ever?

Some of the other topics we discussed:

What are the most common mistakes people make when buying or selling? What’s the most important step for a potential buyer? How to successfully invest in real estate as a rental propertyThe future of mortgage interest deductions Renting versus buying

If you’re planning on going to an open house this weekend, give this one a listen for some tips that could increase your odds of landing the house before you walk through the front door.

“Better Off” is sponsored by Betterment.

We love feedback so please leave us a rating or review in iTunes.

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

For a recap of every episode, visit https://www.betterment.com/resources/topics/inside-betterment/better-off-podcast/

Connect with me at these places for all my content:

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https://itunes.apple.com/us/podcast/better-off-jill-schlesinger/id431167790?mt=2

BONUS call: Asset Allocation

Aug 1, 2017 00:10:16

Description:

This week on the BONUS call we're talking asset allocation with David from Virginia. For years David has been saving and not really paying attention to his various accounts. Now that he's a little older, he recently checked in on them and was pleasantly surprised to see how much his accounts have grown. Up until now everything David has saved has been 100% invested in stocks. Now that he's in his 30s is it time to start diversifying?

Have a finance question? We want to hear from you! Email us at askjill@betteroffpodcast.com and we'll arrange to get you on.

Don't forget, a brand new episode of the Better Off podcast comes out Thursday so stay tuned for more listener questions plus an informative interview.

Better Off is sponsored by Betterment.

Please let us know what you think by leaving a rating or review in iTunes.

Connect with me at these places for all my content:

http://www.jillonmoney.com/ 

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https://itunes.apple.com/us/podcast/better-off-jill-schlesinger/id431167790?mt=2

Pop Culture and Technology with Jeff Bakalar and Russ Frushtick

Jul 27, 2017 00:34:08

Description:

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.

We love feedback so please leave us a rating or review in iTunes.

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

For a recap of every episode, visit https://www.betterment.com/resources/topics/inside-betterment/better-off-podcast/

Connect with me at these places for all my content:

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https://itunes.apple.com/us/podcast/better-off-jill-schlesinger/id431167790?mt=2

BONUS call: Home Buying

Jul 25, 2017 00:07:51

Description:

This week on the BONUS call we're talking to Brian from Los Angeles. Brian and his wife have lived overseas for a while and in the process built up a nest egg of about 600k. Now back in the States they have to find a house and are wondering how to do it without blowing through all the money they've accumulated.

Have a finance question? We want to hear from you! Email us at askjill@betteroffpodcast.com and we'll arrange to get you on.

Don't forget, a brand new episode of the Better Off podcast comes out Thursday so stay tuned for more listener questions plus an informative interview.

Better Off is sponsored by Betterment.

Please let us know what you think by leaving a rating or review in iTunes.

Connect with me at these places for all my content:

http://www.jillonmoney.com/ 

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https://itunes.apple.com/us/podcast/better-off-jill-schlesinger/id431167790?mt=2

The Secret History of the iPhone with Brian Merchant

Jul 20, 2017 00:33:13

Description:

On June 29th, 2007 Apple CEO Steve Jobs unveiled a new product, which he described as “a revolutionary mobile phone,” and a “breakthrough Internet communications device.”

Indeed, the iPhone has changed our lives. We do EVERYTHING on our phones. We text, we surf the web, we bank, we book vacations, we get directions, we book cars, we play games, and we even make the occasional phone call.

In the process, Apple has become the most profitable public company in the world, with a market cap of about three quarters of a trillion dollars – that’s more than twice as much as Exxon Mobil and three times as much as General Electric. Over the past ten years, Apple’s business has grown by 10 times and its stock price has increased by nearly 720 percent, dwarfing the 134 percent rise in the NASDAQ Composite Index.

But just how close did we come to not having the iPhone? How did it actually happen? Our guest Brian Merchant, technology journalist and author of the new book, The One Device: The Secret History of the iPhone takes us back to the mid-2000’s to tell the iPhone origin story.

Brian reveals the inside story of the device, based on his exclusive interviews with the engineers, inventors and developers who guided every stage of the iPhone's creation. He also discussed what life is like for the workers in China who assemble the phones. As you’ll hear, Brian doesn’t paint a very pretty picture. 

If you’re a techie and live for the latest Apple rumors and news, definitely follow Brian on Twitter.

“Better Off” is sponsored by Betterment.

We love feedback so please leave us a rating or review in iTunes.

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

For a recap of every episode, visit https://www.betterment.com/resources/topics/inside-betterment/better-off-podcast/

Connect with me at these places for all my content:

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https://itunes.apple.com/us/podcast/better-off-jill-schlesinger/id431167790?mt=2

BONUS call: Retirement Planning

Jul 18, 2017 00:08:39

Description:

This week on the BONUS call we chatted with John from Philadelphia. The call started with John wanting to know how he and his wife can find a financial advisor. By the time the call was over, let's just say the game plan changed for John. Remember folks, there are certain things that need to be happening before you're ready to take the next step. This call will help walk you through the process.

Have a finance question? We want to hear from you! Email us at askjill@betteroffpodcast.com and we'll arrange to get you on.

Don't forget, a brand new episode of the Better Off podcast comes out Thursday so stay tuned for more listener questions plus an informative interview.

Better Off is sponsored by Betterment.

Please let us know what you think by leaving a rating or review in iTunes.

Connect with me at these places for all my content:

http://www.jillonmoney.com/ 

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https://itunes.apple.com/us/podcast/better-off-jill-schlesinger/id431167790?mt=2

How to Buy a Car with Consumer Reports Auto Specialist Mike Quincy

Jul 13, 2017 00:33:25

Description:

If you live in a big city, it can be easy to forget what it’s like to depend on a car. Urbanites tend to walk, take the subway or bus, ride a bicycle, or hop in a cab to get virtually everywhere.

But I grew up in the suburbs and know the vast majority of you listening to this podcast have a deep, personal relationship with your car. After all, next to your home, your car is one of the biggest assets you’ll purchase in life, which is why you are likely to have a ton of questions that need to be answered. 

Where does one turn to learn the best car buying tips? Maybe you have used the Consumer Reports Annual Auto Issue, but, today on Better Off, we go one better... we have Mike Quincy, Automotive Specialist at Consumer Reports, one of the pros behind all things car-related at the magazine. 

Mike may have the coolest job in the world. He gets to race, I mean drive, basically every car imaginable around a test track and then write the reviews you read...a dream job for a total car geek. With almost 30 years under his belt, Mike has the answers to the most-frequently asked car questions:

Buy or lease?Sedan or SUV?Which model has the best crash test ratings?Do I need to buy the extended warranty?Which manufacturers should I avoid?

We also discussed which cars are safest for young adults, the reliability of high end cars like Mercedes and BMW, what the future holds for Tesla and the current state of the legacy automakers here in the U.S.

So as you hit the road this summer and fantasize about a new set of wheels, this episode is a must listen before you walk into that dealership.

“Better Off” is sponsored by Betterment.

We love feedback so please leave us a rating or review in iTunes.

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

For a recap of every episode, visit https://www.betterment.com/resources/topics/inside-betterment/better-off-podcast/

Connect with me at these places for all my content:

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https://itunes.apple.com/us/podcast/better-off-jill-schlesinger/id431167790?mt=2

BONUS call: Become a CFP

Jul 11, 2017 00:10:02

Description:

It's so great and satisfying when we're able to expose people to the world of finance through the podcast. That's the case with Joe from Arizona, our latest BONUS call, who after listening to us, is now interested in pursuing a career as a CFP. Since Joe doesn't have a background in finance he was looking for some advice as he prepares to start this new chapter of his professional life.

Have a finance question? We want to hear from you! Email us at askjill@betteroffpodcast.com and we'll arrange to get you on.

Don't forget, a brand new episode of the Better Off podcast comes out Thursday so stay tuned for more listener questions plus an informative interview.

Better Off is sponsored by Betterment.

Please let us know what you think by leaving a rating or review in iTunes.

Connect with me at these places for all my content:

http://www.jillonmoney.com/ 

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http://betteroffpodcast.com/ 

https://itunes.apple.com/us/podcast/better-off-jill-schlesinger/id431167790?mt=2

Summer Travel Tips with Peter Greenberg

Jul 6, 2017 00:37:37

Description:

Summertime is officially upon us which means millions of Americans will be hitting the roads and taking to the skies to enjoy their summer 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 Peter Greenberg, this week’s guest on Better Off, enters the picture.

Peter, the Travel Editor for CBS News, is full of tips and suggestions to help you get the most bang for your buck as you plan and book your trip.  

Where to go? Where not to go? Drive, train or fly? From South Africa to Chile to Tokyo and Thailand, as well as hidden gems here in the States, we circle the globe with Peter and provide you with useful tips to easily reach your destination, with a few bucks left in your pocket.  

Give recent attacks in London, Paris and Istanbul, is there any reason to think twice before booking vacations to those cities? How should we think about places where the Zika virus remains prevalent? What’s on Peter’s “Do Not Visit List?”

This one may be hard to believe, but despite all the travel related websites out there, Peter insists that even in 2017, the best thing to do is to pick up the phone and have an actual conversation with the airline or hotel.  But it’s not just a conversation for the sake of having one.  There’s a way to do it and certain questions to ask.  It’s a process.  So much so, that we did a little role playing to help guide you guys through it!

If you’re a frequent traveler, Peter is definitely someone to follow on Twitter.

Let us know where you’re vacationing this summer...send a picture to askjill@betteroffpodcast.com.

Me? Well, I don’t have anything extravagant planned other than some weekends at the local beach.

Mark on the other hand was just in Paris for the French Open and is now in London for Wimbledon.  

Somehow this equation seems out of whack!

“Better Off” is sponsored by Betterment.

We love feedback so please leave us a rating or review in iTunes.

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

For a recap of every episode, visit https://www.betterment.com/resources/topics/inside-betterment/better-off-podcast/

Connect with me at these places for all my content:

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https://itunes.apple.com/us/podcast/better-off-jill-schlesinger/id431167790?mt=2

BONUS call: Retirement Planning

Jul 4, 2017 00:08:07

Description:

This week on the BONUS call I had to pick a side. I was either going to side with our caller, Dustin from Minnesota, or his wife. Only in their 30s, these guys are in great shape. They already have a good nest egg going and are able to save a solid amount each year.

Dustin is all about contributing to their retirement accounts. His wife on the other hand thinks they should pull back on the retirement accounts and beef up their liquid assets. Have a guess as to which way I'm leaning?

Have a finance question? We want to hear from you! Email us at askjill@betteroffpodcast.com and we'll arrange to get you on.

Don't forget, a brand new episode of the Better Off podcast comes out Thursday so stay tuned for more listener questions plus an informative interview.

Better Off is sponsored by Betterment.

Please let us know what you think by leaving a rating or review in iTunes.

Connect with me at these places for all my content:

http://www.jillonmoney.com/ 

https://twitter.com/jillonmoney 

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https://www.youtube.com/c/JillSchlesinger 

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http://betteroffpodcast.com/ 

https://itunes.apple.com/us/podcast/better-off-jill-schlesinger/id431167790?mt=2

Personal Finance 101 with Liz Weston

Jun 29, 2017 00:33:07

Description:

While it’s always fun talking to authors, CEOs and you on the Better Off podcast, I also enjoy chatting with fellow financial industry journalism colleagues. Doing so allows me to get their take on the state of the industry and to talk about what they’ve been covering, what has them jazzed and what they see coming in the weeks and months ahead.

Our guest this week, Liz Weston, is a total financial nerd, so I guess it’s fitting that Liz works as a columnist for NerdWallet, a personal finance website that offers financial tools and advice to help people understand their options when making financial decisions. 

Liz is also a CFP® and has been covering the industry for many years. She started her career on the politics beat but that got old quickly. She transitioned into personal finance and has been writing full-time since 1994. 

Even though Liz knows her stuff, it was very interesting to hear her talk about how she has used an insurance agent, a tax pro, an estate planner and even has her own financial planner. I’m the same way...even though we are professionals within the industry, qualified experts can help you save time, money or ideally, both!

Some of the other topics we discussed include:

The decreasing role of the Consumer Financial Protection BureauThe student loan crisis and possible ways to fix itWhether or not social security will be around for millennials

If you follow me on Twitter then you know I’m a big fan of the content Liz continues to crank out. She’s definitely worth a follow for top notch personal finance insight.

“Better Off” is sponsored by Betterment.

We love feedback so please leave us a rating or review in iTunes.

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

For a recap of every episode, visit https://www.betterment.com/resources/topics/inside-betterment/better-off-podcast/

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BONUS call: Retirement Planning

Jun 27, 2017 00:10:21

Description:

We love starting them young on Better Off, and that's certainly the case with Kevin from Maryland, our latest BONUS call.

Kevin, just 23 years old, want's to make sure he has all his finances in order before starting medical school later this summer. His main question is what he should do with an old 401(k) plan. What criteria should he consider before rolling it over? Can he do it on his own or does he need a financial planner? All very good and common questions that will likely apply to some of you listening.

Have a finance question? We want to hear from you! Email us at askjill@betteroffpodcast.com and we'll arrange to get you on.

Don't forget, a brand new episode of the Better Off podcast comes out Thursday so stay tuned for more listener questions plus an informative interview.

Better Off is sponsored by Betterment.

Please let us know what you think by leaving a rating or review in iTunes.

Connect with me at these places for all my content:

http://www.jillonmoney.com/ 

https://twitter.com/jillonmoney 

https://www.facebook.com/JillonMoney 

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

https://www.youtube.com/c/JillSchlesinger 

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

https://soundcloud.com/jill-schlesinger 

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

http://betteroffpodcast.com/ 

https://itunes.apple.com/us/podcast/better-off-jill-schlesinger/id431167790?mt=2

Why Wall Street Matters with William Cohan

Jun 22, 2017 00:33:24

Description:

Imagine a world without companies like Apple, or media outlets such as CBS or NBC, without all of the cars and trucks crisscrossing the country, without food provided by the farmer...that’s what would happen if Wall Street did not exist...it would all go away, according to this week’s Better Off guest, writer William “Bill” Cohan. If you’ve read some of his previous books, like "House of Cards," or “Money and Power”, you know Bill is usually not one to shy away from going after Wall Street and its shortcomings. But in an interesting twist, Bill’s recent book, "Why Wall Street Matters," is a defense of the industry that he has pilloried. In our interview, Bill describes a poor decision by Elizabeth Warren as the catalyst that propelled him to write this latest book. He tells us what Wall Street has done well, like providing the necessary capital to companies, which in turn allows them to invest, expand and hire, thus propelling overall economic growth. Don’t be mistaken: Bill knows that Wall Street and the institutions that occupy the space in Lower Manhattan are imperfect, but he believes that there is far more good than bad -- and more importantly, the consequences would be dire if the essential role the industry plays were carelessly curtailed. Bill had one goal when writing this book: for Wall Street to become understandable to the average American. In this easy to read book, Bill succeeded. I highly recommend you pick it up. “Better Off” is sponsored by Betterment. We love feedback so please leave us a rating or review in iTunes. "Better Off" theme music is by Joel Goodman, www.joelgoodman.com. For a recap of every episode, visit https://www.betterment.com/resources/topics/inside-betterment/better-off-podcast/ Connect with me at these places for all my content: http://www.jillonmoney.com/ https://twitter.com/jillonmoney https://www.facebook.com/JillonMoney https://www.instagram.com/jillonmoney/ https://www.youtube.com/c/JillSchlesinger https://www.linkedin.com/in/jillonmoney/ https://soundcloud.com/jill-schlesinger http://www.stitcher.com/podcast/jill-on-money http://betteroffpodcast.com/ https://itunes.apple.com/us/podcast/better-off-jill-schlesinger/id431167790?mt=2

BONUS call: Health and Money

Jun 20, 2017 00:11:01

Description:

This week we have one of the more interesting BONUS calls that we've taken on Better Off. You know, life isn't always as we plan it...it's not always a simple, straight line. Things come up, especially health related items that can make it difficult when doing a financial plan. Mike from Tennessee falls into this category. Given some recent poor test scores, and the fact that his father died of a heart attack at 59, Mike, currently 49, wants to retire early. The good news is that Mike and his wife have a nest egg of about $2.5 million. Given that Mike is asymptomatic, we hope he lives a long life and is able to reap the rewards in retirement. Have a finance question? We want to hear from you! Email us at askjill@betteroffpodcast.com and we'll arrange to get you on. Don't forget, a brand new episode of the Better Off podcast comes out Thursday so stay tuned for more listener questions plus an informative interview. Better Off is sponsored by Betterment. Please let us know what you think by leaving a rating or review in iTunes. Connect with me at these places for all my content: http://www.jillonmoney.com/ https://twitter.com/jillonmoney https://www.facebook.com/JillonMoney https://www.instagram.com/jillonmoney/ https://www.youtube.com/c/JillSchlesinger https://www.linkedin.com/in/jillonmoney/ https://soundcloud.com/jill-schlesinger http://www.stitcher.com/podcast/jill-on-money http://betteroffpodcast.com/ https://itunes.apple.com/us/podcast/better-off-jill-schlesinger/id431167790?mt=2

Cybersecurity and Hacking with Kevin Mitnick

Jun 15, 2017 00:31:34

Description:

It seems everyday there’s a story in the news that involves hacking. Whether it’s a big box retailer, the IRS or Russians hacking the DNC, cyber warfare has become one of the biggest threats in the 21st century and we are all vulnerable. To help you understand the current environment and to learn some of the simple steps we should take to prevent ourselves from becoming a victim, we had to find an expert...a professional hacker. I’m not talking about some random hack...I’m talking about the hacker of all hackers, Kevin Mitnick. This guy is the real deal. So real that after a well publicized pursuit back in the 1990s, he was arrested by the FBI and spent five years in prison, including eight months in solitary confinement. Now a free man, he does consulting work for Fortune 500 companies and the government. Though I should point out that for business cards he uses metal lock pick sets with his name and number on them. Really. In his latest book, The Art of Invisibility, Kevin uses true-life stories to show exactly what is happening without your knowledge, teaching you online and real-world tactics to protect you and your family, with step-by-step instructions. After reading this book you will learn everything from password protection and smart Wi-Fi usage to advanced techniques designed to maximize your anonymity. Despite what we’d all like to believe, our passwords really can be stolen, our data sold and our personal emails read. After listening to this interview, check out the book and learn the simple steps to help prevent it from happening to you. “Better Off” is sponsored by Betterment. We love feedback so please leave us a rating or review in iTunes. "Better Off" theme music is by Joel Goodman, www.joelgoodman.com. For a recap of every episode, visit https://www.betterment.com/resources/topics/inside-betterment/better-off-podcast/. Connect with me at these places for all my content: http://www.jillonmoney.com/ https://twitter.com/jillonmoney https://www.facebook.com/JillonMoney https://www.instagram.com/jillonmoney/ https://www.youtube.com/c/JillSchlesinger https://www.linkedin.com/in/jillonmoney/ https://soundcloud.com/jill-schlesinger http://www.stitcher.com/podcast/jill-on-money http://betteroffpodcast.com/ https://itunes.apple.com/us/podcast/better-off-jill-schlesinger/id431167790?mt=2

BONUS call: Side Hustle

Jun 13, 2017 00:07:10

Description:

Summer is just about upon us which means all those hardworking teachers out there will get a well deserved break. That includes our BONUS caller this week, James from Illinois. What's different about James is that he doesn't necessarily want to take the whole summer off...he actually wants to find a side gig to make some extra cash. Because he lives in a rural area he's not quite sure how to make it happen so he decided to call us for some advice. Have a finance question? We want to hear from you! Email us at askjill@betteroffpodcast.com and we'll arrange to get you on. Don't forget, a brand new episode of the Better Off podcast comes out Thursday so stay tuned for more listener questions plus an informative interview. Better Off is sponsored by Betterment. Please let us know what you think by leaving a rating or review in iTunes. Connect with me at these places for all my content: http://www.jillonmoney.com/ https://twitter.com/jillonmoney https://www.facebook.com/JillonMoney https://www.instagram.com/jillonmoney/ https://www.youtube.com/c/JillSchlesinger https://www.linkedin.com/in/jillonmoney/ https://soundcloud.com/jill-schlesinger http://www.stitcher.com/podcast/jill-on-money http://betteroffpodcast.com/ https://itunes.apple.com/us/podcast/better-off-jill-schlesinger/id431167790?mt=2

Behavioral Economics with Michael Lewis

Jun 8, 2017 00:34:22

Description:

Sometimes a host has to do what a host has to do to land the interview. You could say that was the case with the one and only Michael Lewis, our guest this week on Better Off. It was a few months back that I ran into Michael in the CBS This Morning Green Room and immediately started working my mojo to get him on the podcast. Although it took weeks and weeks of emails to finally make it happen, it was worth the wait. Lewis is such a prolific writer that you’ve probably picked up at least one of his books, including Moneyball, The Blind Side, The Big Short or Flash Boys. In this interview, we discuss his latest work, The Undoing Project. The Undoing Project explores the roots of behavioral economics, a topic that has always fascinated me. I love trying to understand why people make the decisions they do. Trying to figure out how the human mind works. And that’s what this book is all about. It’s starts with the partnership between Israeli psychologists Daniel Kahneman and Amos Tversky. Forty years ago, the pair wrote a series of original studies questioning our assumptions about the decision-making process. Their papers showed the ways in which the human mind systematically erred, when forced to make judgments in uncertain situations. Their work created the field of behavioral economics, revolutionized Big Data studies, advanced evidence-based medicine and led to a new approach to government regulation. We also touched on many other topics including the financial industry, the current political climate and what he plans to work on next. Which means you’ll likely hear Michael again on this podcast sometime down the road...hopefully I won’t have to tackle him again in the Green Room! “Better Off” is sponsored by Betterment. We love feedback so please leave us a rating or review in iTunes. "Better Off" theme music is by Joel Goodman, www.joelgoodman.com. For a recap of every episode, visit https://www.betterment.com/resources/topics/inside-betterment/better-off-podcast/. Connect with me at these places for all my content: http://www.jillonmoney.com/ https://twitter.com/jillonmoney https://www.facebook.com/JillonMoney https://www.instagram.com/jillonmoney/ https://www.youtube.com/c/JillSchlesinger https://www.linkedin.com/in/jillonmoney/ https://soundcloud.com/jill-schlesinger http://www.stitcher.com/podcast/jill-on-money http://betteroffpodcast.com/ https://itunes.apple.com/us/podcast/better-off-jill-schlesinger/id431167790?mt=2

BONUS call: Inheritance

Jun 6, 2017 00:07:16

Description:

This week on the BONUS call we’re talking to Chris from Florida who recently inherited 30k from his grandmother. By the way, can I just say what a nice lady his grandma was! Okay, back to Chris…his first move was a smart one as he paid off the remainder of his student loans, about 12k. So now he has 18k and isn’t quite sure what his next move should be. Here’s a hint…he badly needs a car… Have a finance question? We want to hear from you! Email us at askjill@betteroffpodcast.com and we'll arrange to get you on. Don't forget, a brand new episode of the Better Off podcast comes out Thursday so stay tuned for more listener questions plus an informative interview. Better Off is sponsored by Betterment. Please let us know what you think by leaving a rating or review in iTunes. Connect with me at these places for all my content: http://www.jillonmoney.com/ https://twitter.com/jillonmoney https://www.facebook.com/JillonMoney https://www.instagram.com/jillonmoney/ https://www.youtube.com/c/JillSchlesinger https://www.linkedin.com/in/jillonmoney/ https://soundcloud.com/jill-schlesinger http://www.stitcher.com/podcast/jill-on-money http://betteroffpodcast.com/ https://itunes.apple.com/us/podcast/better-off-jill-schlesinger/id431167790?mt=2

Option B with Adam Grant

Jun 1, 2017 00:30:51

Description:

By now you may have seen or heard an interview with Facebook Chief Operating Officer Sheryl Sandberg discussing her recently released new book, Option B: Facing Adversity, Building Resilience, and Finding Joy. Although she is the headliner, Sandberg had a co-author on the project -- the incredible Adam Grant, an organizational psychologist, professor and accomplished author in his own right. We were lucky enough to land Adam as this week’s Better Off guest. Adam, named Wharton’s top-rated professor for five straight years, has already authored two New York Times bestselling books. Originals explores how individuals champion new ideas and leaders fight groupthink and Give and Take examines why helping others drives our success. His latest project with Sandberg focuses on resilience and how to use it in everyday life to become better off, a core theme of our podcast. Life isn’t always a smooth ride and inevitably you’re going to have to deal with some bumps in the road. Whether it’s the loss of a loved one, the loss of a job or a bad financial decision, at some point along the way there are going to be tough times that you will face. For Sheryl this moment came after the sudden death of her husband Dave Goldberg. Stuck in a deep void, she felt that she and her children would never again experience joy. It was Adam who helped her realize that there are concrete steps she could take to recover and rebound from the life-shattering experience. Adam notes that deep down inside all of us, we all have resilience -- and combined with a support system, it’s possible for of us to grow and find even greater appreciation in our lives. I think this book with help you prepare for the next hurdle you encounter. Quick side note...it’s always our goal to get our guests with us in-studio but due to conflicting schedules, we conducted this interview on the phone. Because Adam we was so good and the topic so important, we decided the phone shouldn’t stop us from running it. We hope you agree! “Better Off” is sponsored by Betterment. We love feedback so please leave us a rating or review in iTunes. "Better Off" theme music is by Joel Goodman, www.joelgoodman.com. For a recap of every episode, visit https://www.betterment.com/resources/topics/inside-betterment/better-off-podcast/. Connect with me at these places for all my content: http://www.jillonmoney.com/ https://twitter.com/jillonmoney https://www.facebook.com/JillonMoney https://www.instagram.com/jillonmoney/ https://www.youtube.com/c/JillSchlesinger https://www.linkedin.com/in/jillonmoney/ https://soundcloud.com/jill-schlesinger http://www.stitcher.com/podcast/jill-on-money http://betteroffpodcast.com/ https://itunes.apple.com/us/podcast/better-off-jill-schlesinger/id431167790?mt=2

BONUS call: Saving for Retirement

May 30, 2017 00:04:51

Description:

This week on the BONUS call we're going to the Pacific Northwest where we found Chris from Spokane, Washington. Chris, who is only 40 years old, is maxing out his 401(k) and his Roth IRA and also has an emergency reserve. On top of all that, he has an extra 2k each month and isn't sure what to do with it. Should he keep saving for retirement or can he ease up a bit and do something else with the extra cash? Nice problem to have, huh? Have a finance question? We want to hear from you! Email us at askjill@betteroffpodcast.com and we'll arrange to get you on. Don't forget, a brand new episode of the Better Off podcast comes out Thursday so stay tuned for more listener questions plus an informative interview. Better Off is sponsored by Betterment. Please let us know what you think by leaving a rating or review in iTunes. Connect with me at these places for all my content: http://www.jillonmoney.com/ https://twitter.com/jillonmoney https://www.facebook.com/JillonMoney https://www.instagram.com/jillonmoney/ https://www.youtube.com/c/JillSchlesinger https://www.linkedin.com/in/jillonmoney/ https://soundcloud.com/jill-schlesinger http://www.stitcher.com/podcast/jill-on-money http://betteroffpodcast.com/ https://itunes.apple.com/us/podcast/better-off-jill-schlesinger/id431167790?mt=2

Bernie Madoff and The Wizard of Lies with Diana Henriques

May 25, 2017 00:46:28

Description:

Bernie Madoff is perhaps the most notorious name in the history of Wall Street. By now we all know the story. Madoff conducted a Ponzi scheme that is considered to be the largest in U.S. history. Over the course of decades, Madoff stole billions of dollars from his clients and finally, amid the financial crisis of 2008, the crime came to a screeching halt. How on earth was he able to pull it off for so long, when there were plenty of warning signs and whistleblowers who tried to alert regulators that something was amiss? One of the journalists covering the scandal was Diana Henriques, then a staff reporter at The New York Times, who specialized in investigative reporting on white-collar crime, market regulation and corporate governance. Diana used her countless hours of work as the lead reporter on the story as a catalyst to write the bestselleing book, The Wizard of Lies: Bernie Madoff and the Death of Trust. Diana had incredible access, including the first interview with an imprisoned Madoff. I was fortunate enough to interview her in 2011, just as the book was becoming a bestseller. I remember thinking at the time that the tale of Bernie Madoff was not just a financial story, but a Shakespearean tragedy. Robert De Niro was so drawn to the character of Bernie Madoff as Henriques depicted him, that he bought the film rights to “The Wizard of Lies.” Six years later, HBO films released the movie version of “The Wizard of Lies” - it debuted this past Sunday. If you’ve yet to see “The Wizard of Lies,” go watch it. DVR it, stream it, whatever the method, just watch it. It’s incredibly well done and stars Robert De Niro as Bernie Madoff and Michelle Pfeiffer as Ruth Madoff. Diana is an amazing storyteller, from her dogged pursuit of the Madoff prison interview to her describing the phone call she got from Robert De Niro saying he wanted to play Madoff...just an incredible story. We wanted to give you as much of Diana as possible, so for this week only, we’re skipping the caller of the week...don’t freak out, it’ll return next week. “Better Off” is sponsored by Betterment. We love feedback so please leave us a rating or review in iTunes. "Better Off" theme music is by Joel Goodman, www.joelgoodman.com. For a recap of every episode, visit https://www.betterment.com/resources/topics/inside-betterment/better-off-podcast/. Connect with me at these places for all my content: http://www.jillonmoney.com/ https://twitter.com/jillonmoney https://www.facebook.com/JillonMoney https://www.instagram.com/jillonmoney/ https://www.youtube.com/c/JillSchlesinger https://www.linkedin.com/in/jillonmoney/ https://soundcloud.com/jill-schlesinger http://www.stitcher.com/podcast/jill-on-money http://betteroffpodcast.com/ https://itunes.apple.com/us/podcast/better-off-jill-schlesinger/id431167790?mt=2

BONUS call: 401(k) Rollover

May 23, 2017 00:05:35

Description:

Nowadays it's a common occurrence to change jobs every few years, if not every few months. That means at some point you're going to have at least one, likely more, retirement accounts from past jobs. What should you do with them? Should you consolidate? That's what Andrew from Chicago was calling about on the latest BONUS call. He has about 100k in an old retirement account and was wondering if he should roll it into something new or just leave it where it is. The answer may surprise you... Have a finance question? We want to hear from you! Email us at askjill@betteroffpodcast.com and we'll arrange to get you on. Don't forget, a brand new episode of the Better Off podcast comes out Thursday so stay tuned for more listener questions plus an informative interview. Better Off is sponsored by Betterment. Please let us know what you think by leaving a rating or review in iTunes. Connect with me at these places for all my content: http://www.jillonmoney.com/ https://twitter.com/jillonmoney https://www.facebook.com/JillonMoney https://www.instagram.com/jillonmoney/ https://www.youtube.com/c/JillSchlesinger https://www.linkedin.com/in/jillonmoney/ https://soundcloud.com/jill-schlesinger http://www.stitcher.com/podcast/jill-on-money http://betteroffpodcast.com/ https://itunes.apple.com/us/podcast/better-off-jill-schlesinger/id431167790?mt=2

Succeeding in College and Life with Daniel Lerner and Alan Schlechter

May 18, 2017 00:36:53

Description:

It’s officially that time of year when college grads throw their caps high into the air and prepare to enter the real world. Just a few short years ago, these graduates were among the four million students who began their journeys at the nation’s colleges and universities. While those four years are supposed to be the best years of your life, for many, they turn out to be the most stressful they’ll experience. They can be so stressful that, by the end of freshman year, 30% of students drop out. That’s where today’s guests enter the picture. Dan Lerner and Alan Schlechter team-teach a course at New York University called The Science of Happiness. From this wildly successful class, they recently released the book, “U Thrive: How to Succeed in College (and Life).” Let me stress that last part of the title…”and life.” This is not a book just for students—it’s for everyone. Using fascinating science and real-life stories, Dan and Alan bring a similar focus to the Better Off podcast: They try to help you better your life. Whether it’s for yourself, you have a kid starting college or one that is graduating right now, this book will provide tips for building positive habits that will last a lifetime. “Better Off” is sponsored by Betterment. We love feedback so please leave us a rating or review in iTunes. "Better Off" theme music is by Joel Goodman, www.joelgoodman.com. For a recap of every episode, visit https://www.betterment.com/resources/topics/inside-betterment/better-off-podcast/. Connect with me at these places for all my content: http://www.jillonmoney.com/ https://twitter.com/jillonmoney https://www.facebook.com/JillonMoney https://www.instagram.com/jillonmoney/ https://www.youtube.com/c/JillSchlesinger https://www.linkedin.com/in/jillonmoney/ https://soundcloud.com/jill-schlesinger http://www.stitcher.com/podcast/jill-on-money http://betteroffpodcast.com/ https://itunes.apple.com/us/podcast/better-off-jill-schlesinger/id431167790?mt=2

BONUS call: Early Retirement

May 16, 2017 00:09:00

Description:

Today on the BONUS call we're chatting with Doug in Miami who initially called to ask about an old 401(k) plan and what he should do with it. As you'll hear, the call quickly turned into Doug, 35 years old, wanting to retire at 50. Can he do it? Does he have enough saved? Is it a smart move? Have a finance question? We want to hear from you! Email us at askjill@betteroffpodcast.com and we'll arrange to get you on. Don't forget, a brand new episode of the Better Off podcast comes out Thursday so stay tuned for more listener questions plus an informative interview. Better Off is sponsored by Betterment. Please let us know what you think by leaving a rating or review in iTunes. Connect with me at these places for all my content: http://www.jillonmoney.com/ https://twitter.com/jillonmoney https://www.facebook.com/JillonMoney https://www.instagram.com/jillonmoney/ https://www.youtube.com/c/JillSchlesinger https://www.linkedin.com/in/jillonmoney/ https://soundcloud.com/jill-schlesinger http://www.stitcher.com/podcast/jill-on-money http://betteroffpodcast.com/ https://itunes.apple.com/us/podcast/better-off-jill-schlesinger/id431167790?mt=2

Life Insurance Made Simple with Yaron Ben-Zvi

May 11, 2017 00:31:25

Description:

Technology has made our financial lives better and simpler. From banking and investing to shopping and planning a vacation, many of our daily necessities are just a click away. Thanks to Haven Life, you can now add life insurance to the mix. If you’ve ever applied for life insurance coverage, you know that it can be painful. From the multi-page applications to medical exams and records, it used to take weeks, if you were lucky. Founded by our guest, Yaron Ben-Zvi, Haven Life is leveraging technology in order to disrupt the life insurance process and experience. Mark, our producer here at “Better Off,” recently became a customer and couldn’t believe how easy and painless the process was: “I just calculated how much coverage I needed and was covered in about 20 minutes. No joke!” Yaron says that the company's goal is to provide an easier, faster, just plain better way to provide coverage of up to $1 million, by offering: -Simple online application process -No medical exam for qualified, healthy applicants -Easy price and policy comparisons -An immediate decision with InstantTerm -Backing of MassMutual, a 160-year-old life insurer -A plain language no commission policy Just enter the basics, like gender, age, health condition, city, etc. and you’re on your way. Check out Haven Life’s calculators and see what makes sense for you. “Better Off” is sponsored by Betterment. We love feedback so please leave us a rating or review in iTunes. "Better Off" theme music is by Joel Goodman, www.joelgoodman.com. For a recap of every episode, visit https://www.betterment.com/resources/topics/inside-betterment/better-off-podcast/. Connect with me at these places for all my content: http://www.jillonmoney.com/ https://twitter.com/jillonmoney https://www.facebook.com/JillonMoney https://www.instagram.com/jillonmoney/ https://www.youtube.com/c/JillSchlesinger https://www.linkedin.com/in/jillonmoney/ https://soundcloud.com/jill-schlesinger http://www.stitcher.com/podcast/jill-on-money http://betteroffpodcast.com/ https://itunes.apple.com/us/podcast/better-off-jill-schlesinger/id431167790?mt=2

BONUS call: Retirement Planning

May 9, 2017 00:07:52

Description:

On the BONUS call this week we talked to John from Houston who had some questions about reducing his tax liability once retirement rolls around. John and his wife are in great shape...these guys are serious savers which has allowed them to sock away $700k in retirement savings with many years left to add to the pot. It was a success as we were able to open John's eyes about the benefits of using his Roth 401(k) plan at work. Have a finance question? We want to hear from you! Email us at askjill@betteroffpodcast.com and we'll arrange to get you on. Don't forget, a brand new episode of the Better Off podcast comes out Thursday so stay tuned for more listener questions plus an informative interview. Better Off is sponsored by Betterment. Please let us know what you think by leaving a rating or review in iTunes. Connect with me at these places for all my content: http://www.jillonmoney.com/ https://twitter.com/jillonmoney https://www.facebook.com/JillonMoney https://www.instagram.com/jillonmoney/ https://www.youtube.com/c/JillSchlesinger https://www.linkedin.com/in/jillonmoney/ https://soundcloud.com/jill-schlesinger http://www.stitcher.com/podcast/jill-on-money http://betteroffpodcast.com/ https://itunes.apple.com/us/podcast/better-off-jill-schlesinger/id431167790?mt=2

Global Economics with Mohamed El-Erian (Part Two)

May 4, 2017 00:33:44

Description:

I never take it for granted how fortunate I am to have my job. Let’s be honest, it’s not really a job when you’re doing what you love. And that’s what I get to do as a journalist covering personal finance and economics. With the “job” comes the opportunity to meet many smart, interesting and influential people, some of whom are legit heavyweights within their specific industries and in the world at large. Today’s Better Off guest, the esteemed Dr. Mohamed El-Erian, falls into that category. Of all of the economists and financial services executives that I have been privileged to interview, Mohamed is one of the few who can distill and communicate complicated ideas in a way that all of us can understand. That’s why we’re keeping him around for two episodes...there’s just too much knowledge in his brain to squeeze into one show. While you may have seen or read Dr. El-Erian before—as a guest on CNBC, a LinkedIn Influencer, a columnist for “Bloomberg View,” a contributing editor to the “Financial Times,” and the chief economic advisor for Allianz—our conversations on “Better Off” are rare opportunities where he can delve into a myriad of big picture economic topics for more than the three minutes usually allotted to his appearances. Mohamed’s bestselling book, “The Only Game in Town: Central Banks, Instability, and Avoiding the Next Collapse,” will be released in paperback next month. I encourage everyone to read it, because it was one of my top picks for economics/business books last year. In part two of the interview we talk to Mohamed about the financial concerns keeping him up at night. We also continue our discussion on Brexit and the ongoing crisis in Greece and why that country faces the risk of a lost generation. But it’s not all doom and gloom. Before leaving us, Mohamed touched on the three reasons why he continues to remain optimistic about the global economy. Quick favor to ask...please take two minutes and fill out our listener survey...it's painless and literally takes two minutes, three max. Thank you! https://betterment.qualtrics.com/jfe/form/SV_0rcT1aOrD8K9sy1 “Better Off” is sponsored by Betterment. We love feedback so please leave us a rating or review in iTunes. "Better Off" theme music is by Joel Goodman, www.joelgoodman.com. For a recap of every episode, visit https://www.betterment.com/resources/topics/inside-betterment/better-off-podcast/. Connect with me at these places for all my content: http://www.jillonmoney.com/ https://twitter.com/jillonmoney https://www.facebook.com/JillonMoney https://www.instagram.com/jillonmoney/ https://www.youtube.com/c/JillSchlesinger https://www.linkedin.com/in/jillonmoney/ https://soundcloud.com/jill-schlesinger http://www.stitcher.com/podcast/jill-on-money http://betteroffpodcast.com/ https://itunes.apple.com/us/podcast/better-off-jill-schlesinger/id431167790?mt=2

BONUS call: Do You Need a Mortgage?

May 2, 2017 00:07:03

Description:

You're getting ready to buy a new home and have the cash to purchase it outright...should you? Or should you take on a mortgage? That's what Dwayne from Illinois was wondering and we answered his question on the latest BONUS call of the week. Have a finance question? We want to hear from you! Email us at askjill@betteroffpodcast.com and we'll arrange to get you on. Don't forget, a brand new episode of the Better Off podcast comes out Thursday so stay tuned for more listener questions plus an informative interview. Better Off is sponsored by Betterment. Please let us know what you think by leaving a rating or review in iTunes. Connect with me at these places for all my content: http://www.jillonmoney.com/ https://twitter.com/jillonmoney https://www.facebook.com/JillonMoney https://www.instagram.com/jillonmoney/ https://www.youtube.com/channel/UC_4j5YsSRTE6PuY0ZNhBFcQ/videos https://www.linkedin.com/in/jillonmoney/ https://soundcloud.com/jill-schlesinger http://www.stitcher.com/podcast/jill-on-money http://betteroffpodcast.com/ https://itunes.apple.com/us/podcast/better-off-jill-schlesinger/id431167790?mt=2

Global Economics with Mohamed El-Erian (Part One)

Apr 27, 2017 00:33:33

Description:

I never take it for granted how fortunate I am to have my job. Let’s be honest, it’s not really a job when you’re doing what you love. And that’s what I get to do as a journalist covering personal finance and economics. With the “job” comes the opportunity to meet many smart, interesting and influential people, some of whom are legit heavyweights within their specific industries and in the world at large. Today’s Better Off guest, the esteemed Dr. Mohamed El-Erian, falls into that category. Of all of the economists and financial services executives that I have been privileged to interview, Mohamed is one of the few who can distill and communicate complicated ideas in a way that all of us can understand. That’s why we’re keeping him around for two episodes...there’s just too much knowledge in his brain to squeeze into one show. While you may have seen or read Dr. El-Erian before—as a guest on CNBC, a LinkedIn Influencer, a columnist for “Bloomberg View,” a contributing editor to the “Financial Times,” and the chief economic advisor for Allianz—our conversations on “Better Off” are rare opportunities where he can delve into a myriad of big picture economic topics for more than the three minutes usually allotted to his appearances. Mohamed’s bestselling book, “The Only Game in Town: Central Banks, Instability, and Avoiding the Next Collapse,” will be released in paperback next month. I encourage everyone to read it, because it was one of my top picks for economics/business books last year. In part one of the interview Mohamed touches on the three things he believes every investor needs to be a successful: -An understanding of fundamentals -An understanding of mathematics and discounted cash flows -A solid gut instinct If you only possess one of these attributes—gut instinct—don’t worry! We also discuss passive investing as an alternative to stock picking. As the new administration and Congress roll out various fiscal policies, it was a treat to hear what’s on Mohamed’s wish list. There are measures that the government can take to foster a more inclusive U.S. economy, help boost wage growth and improve the current tax system. And of course, we wouldn’t let him go before getting this UK-educated economist’s view of Brexit! Quick favor to ask...please take two minutes and fill out our listener survey...it's painless and literally takes two minutes, three max. Thank you! https://betterment.qualtrics.com/jfe/form/SV_0rcT1aOrD8K9sy1 “Better Off” is sponsored by Betterment. We love feedback so please leave us a rating or review in iTunes. "Better Off" theme music is by Joel Goodman, www.joelgoodman.com. For a recap of every episode, visit https://www.betterment.com/resources/topics/inside-betterment/better-off-podcast/.

BONUS call: Student Loans

Apr 25, 2017 00:09:55

Description:

This week on the BONUS call we once again chatted student loans with Andrea from New York City...but this time it wasn't about how to pay them off. After many years Andrea is finally seeing the light at the end of the tunnel and will soon be throwing a party to celebrate. FYI, Mark and I are still waiting for our invite. Anyway, now that the loan will soon be gone, Andrea is wondering what she should do next. I love talking to young people who are interested in bettering their financial lives! Don't forget, a brand new episode of the Better Off podcast comes out Thursday so stay tuned for more listener questions plus an informative interview. Better Off is sponsored by Betterment. Please let us know what you think by leaving a rating in iTunes. Have a question? Email us at askjill@betteroffpodcast.com.

The Muse: Navigating Your Career with Alexandra Cavoulacos and Kathryn Minshew

Apr 20, 2017 00:36:46

Description:

Human Capital: It’s more valuable than any other investment you have and that’s why we often discuss career development and management on Better Off. If you’re one of the lucky ones like me, then you’re doing what you want to do, but it took me some time to get here… Many of you may want to change careers and do something that’s more in line with your passions. There are those who have been laid off, often after spending several years at the same company, and now suddenly have to launch a job search process. Thankfully we live in a day and age where there’s plenty of career finder and guidance websites available to assist. Enter The Muse, founded in 2011 by Alexandra Cavoulacos and Kathryn Minshew. Alex and Kathryn, both millennials, decided to launch the site after working together in the consulting world and realizing it wasn’t what they wanted out of life. Fast forward to present day -- 50 million people visit The Muse each year to determine what they want to do with their lives. The success and popularity of the site encouraged Alex and Kathryn to write a guidebook for the modern workplace. “The New Rules of Work: The Modern Playbook for Navigating Your Career” is designed to help, whether you are starting out in your career, looking to advance, navigating a mid-career shift or anywhere in between. Through exercises and tips, you will learn: -The New Rules for finding the right path: Sift through, and narrow today’s ever-growing menu of job and career options, using the simple step-by-step Muse Method -The New Rules for landing the perfect job: Build your personal brand, and communicate exactly how you can contribute and why your experience is valuable in a way that is sure to get the attention of your dream employer. Then ace every step of the interview process, from getting a foot in the door to negotiating your offer. -The New Rules for growing and advancing in your career: Mastering first impressions, the art of communication, networking, managing up and other “soft” skills. Regardless of where you’re at on your career trajectory, you’re bound to find some tips in this book that will help you navigate your professional journey. “Better Off” is sponsored by Betterment. We love feedback so please leave us a rating or review in iTunes. "Better Off" theme music is by Joel Goodman, www.joelgoodman.com. For a recap of every episode, visit https://www.betterment.com/resources/topics/inside-betterment/better-off-podcast/.

BONUS Fiduciary Rule Q/A

Apr 18, 2017 00:17:05

Description:

On April 10th, the Department of Labor's Fiduciary Rule was scheduled to go into effect. It didn't happen. Instead, there's now at least a 60 day delay. What does this mean and what should consumers expect going forward? Will this rule ever be implemented? To discuss these questions and more, I held a brief round-table discussion with Jon Stein, the CEO of Betterment, Maureen Thompson, Vice President of Public Policy at the CFP Board and Micah Hauptman, Financial Services Counsel at the Consumer Federation of America. Our BONUS call of the week will return next Tuesday, so if you have a question, email us at askjill@betteroffpodcast.com.

Leadership Skills with Retired Admiral William H. McRaven

Apr 13, 2017 00:35:36

Description:

By now you know that on the Better Off podcast we talk about more than just the nuts and bolts of investments and economics. Our mission is to help you take control of your financial life, and that includes helping you better yourself, invest in yourself, and ultimately, become an all around better off individual. One of the amazing byproducts of leaving a full time career in investment management and entering the news business is that I now meet (and have the privilege to interview) a wide range of incredibly smart people. While at times I can take that for granted, every once in awhile, I host a guest who helps me realize just how lucky I have it. That’s what happened when Retired Admiral William “Bill” McRaven walked into the studio last week and talked to me for about 45 minutes. It happened to be the day after the U.S. had launched airstrikes against Syria, which made the visit timely. If Bill’s name sounds familiar, it’s because he presided over the 2011 Navy SEAL raid that resulted in the killing of Osama bin Laden in Pakistan. Bill was the man who identified the body when it was flown back to Afghanistan and told President Obama that the U.S. finally had their guy. A few years later in 2014, the four-star admiral and 37-year Navy SEAL veteran delivered the commencement speech at his alma mater, the University of Texas at Austin (Hook ‘em Horns!). Little did McRaven know that his address, which spoke to how students could overcome challenges and change themselves, would become a viral hit with nearly 25 million views online. In January, 2015 Bill became the Chancellor of the entire University of Texas system and was encouraged to expand his commencement speech into a book, Make Your Bed: Little Things That Can Change Your Life...And Maybe the World. The ten fundamental life lessons McRaven learned in Navy Seal training resonate with all of us, but these are three of my favorite: -If you want to change the world, start off by making your bed -If you want to change the world, find someone to help you paddle -If you want to change the world, you must be your very best in the darkest moment We love feedback so please leave us a rating or review in iTunes. "Better Off" theme music is by Joel Goodman, www.joelgoodman.com. For a recap of every episode, visit https://www.betterment.com/resources/topics/inside-betterment/better-off-podcast/.

BONUS call: Investing and Taxes

Apr 11, 2017 00:08:02

Description:

We like to keep investing as simple as possible on the Better Off podcast. It's really not rocket science...in many ways, less truly is more. However, one tricky thing that can be confusing and one thing that you really need to keep an eye on is the tax implications of your various investments. That's what Brandon from San Antonio was struggling with. We're pretty sure we helped him out on the latest BONUS call of the week. Don't forget, a brand new episode of the Better Off podcast comes out Thursday so stay tuned for more listener questions plus an informative interview. Better Off is sponsored by Betterment. Please let us know what you think by leaving a rating in iTunes. Have a question? Email us at askjill@betteroffpodcast.com.

Financial Aid and Student Loans with Kelly Peeler

Apr 6, 2017 00:36:15

Description:

One of the goals of the Better Off podcast is to make the daunting seem doable. And there is no more daunting topic than college. From saving for it, going through the selection process and the heavy lifting of paying for it (whether out of pocket or through financial aid and student loans), the whole subject produces anxiety for students and their families. But it doesn’t have to be that way, according to our guest Kelly Peeler, founder and CEO of NextGenVest, a free text message service to help students navigate the college selection and financial aid and student loan processes. It’s the busy time of year for Kelly and her team, as college acceptances are rolling in and families are trying to figure what to do with all the various forms. And those forms are KEY. Can you believe that more than $2.7 billion dollars, yes billion with a B, of unclaimed financial aid money is left on the table every single year primarily because people don’t fill out the FAFSA form. That blows my mind. By using NextGenVest, students and their families are connected with Money Mentors who will help coach them through the process and also provide key financial aid deadline reminders, form annotations, and on-demand help via text message to get more financial aid in high school and beyond. Mentors will also answer questions such as: -How do I find scholarships I can actually apply to? -Am I filling out the right FAFSA forms? -Am I allowed to negotiate my college tuition? -Is working during college a good idea? -Can I still get scholarships even if I don’t have great grades? Aside from discussing the dreaded but necessary forms, we also talked to Kelly about the student loan bubble and why she feels it could be the next financial crisis. If you enjoyed the episode please let us know by leaving a rating or review in iTunes. "Better Off" theme music is by Joel Goodman, www.joelgoodman.com. For a recap of every episode, visit https://www.betterment.com/resources/topics/inside-betterment/better-off-podcast/.

BONUS call: Early Retirement

Apr 4, 2017 00:09:18

Description:

Are you retired? Retiring soon? Perhaps are younger and wondering if you'll have enough money when the time comes? That's what the latest BONUS call with Alison from California is all about. Alison is only in her 50s but already decided to call it quits and is now wondering if she made a mistake. Considering life expectancy is much longer these days, especially for women, she has many, many years to plan for. Let us know what you think with a comment and rating in iTunes! Don't forget, a brand new episode of the Better Off podcast comes out Thursday so stay tuned for more listener questions plus an informative interview. Better Off is sponsored by Betterment. Have a question? Email us at askjill@betteroffpodcast.com.

Taking Charge of Your Career with Nicole Lapin

Mar 30, 2017 00:35:35

Description:

When you hear my unabashed enthusiasm and connection with today’s guest, Nicole Lapin, I think you will understand why we hit it off so quickly. Nicole, already an accomplished journalist by her thirtieth birthday, expanded her reach with the 2015 release of her New York Times bestseller, “Rich Bitch”. Yes, that’s the title. Before you start going nuts, CALM DOWN. Nicole’s premise is simple: she wanted to own that word and use it to entice those who might not necessarily pick up a personal finance book. Nicole’s latest book, which is laugh out loud funny, is called “Boss Bitch: A Simple 12-Step Plan to Take Charge of Your Career”. Despite the title of both of her books, they are not exclusively for women. Both are about taking charge, no matter who you are. Boss Bitch is about being a boss without having a business card or dozens of employees to prove it. Here are some topics that that Nicole explores: -Be the CEO of YOU by running your life like a business -Think like a boss by being entrepreneurial within an existing company -Getting, and crushing, your dream job -Be a hustler by exploring your passions and making extra money -The nuts and bolts of getting your OWN business off the ground Nicole’s steps jibe with one of the common themes of Better Off: Investing in YOURSELF, bettering yourself to become better off in life and in your career will pay more dividends than any investment! These are not unique concepts, but like diet and exercise, just a few small steps often lead to long-lasting improvements. I had so much fun with this interview that I can’t wait for Nicole’s next book! I suspect it will have a certain word in the title... “Better Off” is sponsored by Betterment. "Better Off" theme music is by Joel Goodman, www.joelgoodman.com. Please leave us a rating or review in iTunes! For a recap of every episode, visit https://www.betterment.com/resources/topics/inside-betterment/better-off-podcast/.

BONUS call: Disability Insurance

Mar 28, 2017 00:05:30

Description:

This week on the BONUS call we talked to Brian from Seattle who was wondering if he should still be paying for disability insurance. Insurance questions are always tricky and very specific so there's no standard answer. Give it a listen...who knows, you or somebody you know may be in a similar situation. As always, let us know what you think by leaving a rating or review in iTunes. Don't forget, a brand new episode of the Better Off podcast comes out Thursday so stay tuned for more listener questions plus an informative interview. Better Off is sponsored by Betterment. Have a question? Email us at askjill@betteroffpodcast.com.

Listener Questions with Alex Benke, CFP® at Betterment

Mar 23, 2017 00:36:35

Description:

We like to mix it up and try new things every now and then on “Better Off.” Earlier this month, for the first time, we featured one guest (Jason Zweig) on back-to-back episodes. This week, it’s another first for us, one that’s all about you guys, our awesome listeners. We’ve been getting so many email questions on a variety of topics we thought it would be a good idea to devote an entire episode to answering your questions. Sure, I could do this on my own but thought it would be much more fun to have a partner in crime, so I borrowed Alex Benke, CFP®, from our sponsor, Betterment. Betterment recently announced new service plans which offer access to a team of CFP® professionals and licensed financial experts to help customers with their more complicated financial issues. We’re borrowing a page from that model and answering your questions! We started off helping Stephen from Florida with retirement planning. Like many, Stephen feels he got a late start and wants to make sure he’s now on the right path. Howard from Atlanta is in pretty good shape with a nice chunk of money socked away, but he wanted a second opinion to see if there’s anything he could be doing better or if there’s something he should stop doing. Andrew from Illinois recently inherited retirement money after his father passed away. With the inheritance comes the responsibility of RMDs, taxes, etc. It can be a lot for someone to process so Alex and I were more than happy to lend a helping hand to Andrew. We finished up this episode with Peter in Michigan who finds himself in a common situation: He’s carrying piles of student loan debt, as in $200,000. Peter was wondering if it made more sense to increase his 401(k) contribution or put some extra cash toward the student loans? Here’s a tease...Alex and I had different opinions on this one. :) I hope you enjoyed this special episode. Who knows, maybe we’ll start doing it on a more regular basis. I’ve always found that people love hearing other people ask questions because chances are, they were wondering the same thing but were too afraid to ask. Don’t be afraid! If you have a question, email us at askjill@betteroffpodcast.com. “Better Off” is sponsored by Betterment. Please leave us a rating or review in iTunes. "Better Off" theme music is by Joel Goodman, www.joelgoodman.com. For a recap of every episode, visit https://www.betterment.com/resources/topics/inside-betterment/better-off-podcast/.

BONUS call 006: How to Find a Financial Advisor

Mar 21, 2017 00:07:23

Description:

Do you have a financial advisor? Are you looking for one? Do you know how much you're paying this person? Or should be expecting to pay? Are the fees so high you feel like you're getting screwed? Our BONUS caller of the week sure felt that way! That's why Cheryl from Massachusetts gave us a call. Was her gut instinct right? Is she paying too much? Give it a listen and leave us your feedback by leaving a rating or review in iTunes. Don't forget, a brand new episode of the Better Off podcast comes out Thursday so stay tuned for more listener questions plus an informative interview. Better Off is sponsored by Betterment. Have a question? Email us at askjill@betteroffpodcast.com.

Tax Prep Tips with Ed Slott

Mar 16, 2017 00:36:38

Description:

With Tax Day right around the corner, our guest, Ed Slott, CPA, is in the house to review some last-minute tips, dos and don'ts, and provide sage advice about which IRA might be right for you. Ed is not only a tax guru, he’s also a total character. He skillfully presents what is usually dry advice in just the way we like on “Better Off”: with attitude and humor! Considered one of the foremost authorities on all things regarding taxes, retirement, IRAs, Ed is regularly quoted in the New York Times, Wall Street Journal, Forbes, Money, Kiplinger’s, USA Today, Investment News and a host of additional national magazines and financial publications. You may have also seen Ed on your local public television station on one of his numerous specials. I realize paying taxes can be a sore subject, but as much as everyone complains, Ed says that tax rates are still relatively low. That means that now could be a good time to move funds from tax-deferred vehicles, like 401(k)s and IRAs into tax free Roth IRAs. Ed also notes that the very best retirement strategy is to work as long as you can. Extra income can prevent you from dipping into your nest egg; allow you to make Roth and spousal Roth IRA contributions (though once you turn 70 1/2, you can NOT make traditional IRA contributions); and most importantly, working longer will help you combat the reality of longevity! See, it’s not all bad news around tax time...and as Ed says, the key to the entire tax preparation process is to keep flawless records and documentation throughout the year! “Better Off” is sponsored by Betterment. Please leave us a rating or review in iTunes. "Better Off" theme music is by Joel Goodman, www.joelgoodman.com. For a recap of every episode, visit https://www.betterment.com/resources/topics/inside-betterment/better-off-podcast/.

BONUS call: Mortgage Pay Off

Mar 14, 2017 00:06:23

Description:

On the latest BONUS call we talk to Kevin from California. Kevin and his wife were recently gifted $25,000 and have been contemplating various ways to use it. As a young couple with decades ahead of them before retirement, their initial thought was to pay down the mortgage. Good idea? You'll have to listen for the answer! Don't forget, a brand new episode of the Better Off podcast comes out Thursday so stay tuned for more listener questions plus an informative interview. Better Off is sponsored by Betterment. Please let us know what you think by leaving a rating in iTunes. Have a question? Email us at askjill@betteroffpodcast.com.

Become an Intelligent Investor with Jason Zweig (Part Two)

Mar 9, 2017 00:30:45

Description:

If you don’t know the name Jason Zweig, as a listener of the Better Off podcast, chances are you know his work. The “Intelligent Investor” column that you read every Saturday in the Wall Street Journal...yep, that’s his awesome work. I’ve been a fan of Jason’s for a long time, so it’s a no brainer that he’s on one of the early episodes of “Better Off.” And let me just say, it was no easy get! We, and when I say we I really mean Mark, the best producer in the world, have been going back and forth with Jason since last October trying to nail down a date. Was it worth it? Let’s just say that when we do interviews, Mark and I are acutely aware of how long they’re running. We try to keep them 30 minutes or less. Well, Jason was so good we kept him for nearly an hour. His knowledge and insight of the financial industry is so wide and deep that we decided that we needed to feature him in back-to-back episodes, a “Better Off” first! In part two of this interview we cover the decreasing cost of investing and why it may eventually cost the customer absolutely nothing, the role of brokers as the industry continues to evolve, and finally, what encourages Jason about the future of the financial services industry. If you like Jason’s column, you should also check out his books. His latest work, The Devil’s Financial Dictionary, skewers the plutocrats and bureaucrats who gave us exploding mortgages, freakish risks, and banks that are too big to fail. It also distills the complexities, absurdities, and pomposities of Wall Street into plain truths and aphorisms anyone can understand. “Better Off” is sponsored by Betterment. "Better Off" theme music is by Joel Goodman, www.joelgoodman.com. For a recap of every episode, visit https://www.betterment.com/resources/topics/inside-betterment/better-off-podcast/.

BONUS call: Retirement Planning

Mar 7, 2017 00:09:48

Description:

This week on the BONUS call we do retirement planning with Barry from Pennsylvania. Barry and his wife are looking to retire in a few years and want to make sure they're on the right track. As you'll hear, there are many questions that need to be asked before giving a thumbs up or down. Don't forget, a brand new episode of the Better Off podcast comes out Thursday so stay tuned for more listener questions plus an informative interview. Better Off is sponsored by Betterment. Please let us know what you think by leaving a rating in iTunes. Have a question? Email us at askjill@betteroffpodcast.com.

Become an Intelligent Investor with Jason Zweig (Part One)

Mar 2, 2017 00:34:42

Description:

If you don’t know the name Jason Zweig, as a listener of the Better Off podcast, chances are you know his work. The “Intelligent Investor” column that you read every Saturday in the Wall Street Journal...yep, that’s his awesome work. I’ve been a fan of Jason’s for a long time, so it’s a no brainer that he’s on one of the early episodes of “Better Off.” And let me just say, it was no easy get! We, and when I say we I really mean Mark, the best producer in the world, have been going back and forth with Jason since last October trying to nail down a date. Was it worth it? Let’s just say that when we do interviews, Mark and I are acutely aware of how long they’re running. We try to keep them 30 minutes or less. Well, Jason was so good we kept him for nearly an hour. His knowledge and insight of the financial industry is so wide and deep that we decided that we needed to feature him in back-to-back episodes, a “Better Off” first! In part one of the interview we cover the power of index funds, the importance of having rules in your financial life, the beauty of passive investing and the importance of technology and humans working together. We also talk about the evil F-word (fiduciary) and why such a simple concept of putting clients first, is such a controversial issue for a conflict-ridden industry. If you like Jason’s column, you should also check out his books. His latest work, The Devil’s Financial Dictionary, skewers the plutocrats and bureaucrats who gave us exploding mortgages, freakish risks, and banks that are too big to fail. It also distills the complexities, absurdities, and pomposities of Wall Street into plain truths and aphorisms anyone can understand. “Better Off” is sponsored by Betterment. For a recap of every episode, visit https://www.betterment.com/resources/topics/inside-betterment/better-off-podcast/. "Better Off" theme music is by Joel Goodman, www.joelgoodman.com.

BONUS call: Annuity

Feb 28, 2017 00:05:01

Description:

This week on the BONUS call we talk to Karen from Kentucky who was wondering about an annuity. Because annuities are very tricky products it's one of the most common questions we get. In Karen's case, she already has a pension and a retirement account so does she need to purchase this product? Listen to find out! Don't forget, a brand new episode of the Better Off podcast comes out Thursday so stay tuned for more listener questions plus an informative interview. Better Off is sponsored by Betterment. Please let us know what you think by leaving a rating in iTunes. And if you have a question you'd like to ask, email us at askjill@betteroffpodcast.com.

Silicon Valley Disrupters with Brad Stone

Feb 23, 2017 00:34:18

Description:

I’m going to assume that a good portion of you subscribed to the Better Off podcast have used either Uber or Airbnb. I use Uber all the time and it seems like everyone I know has used Airbnb. My producer Mark just used Airbnb for a week in Tokyo and loved it. James Altucher, our guest from the second episode, basically lives full-time in various Airbnb locations. It’s no exaggeration to say that these companies have almost single-handedly disrupted stodgy industries (taxi/limousine and hotel), become stars of the Silicon Valley venture capital world and made their impact felt across the globe. That’s why we were delighted to have a great conversation with Brad Stone, Bloomberg journalist and author of “The Upstarts: How Uber, Airbnb, and the Killer Companies of the New Silicon Valley are Changing the World.” Brad defines an upstart as either “a newly successful person” or “someone who does not show proper respect to the established way of doing things” -- you’ll need to decide whether or not Travis Kalanick of Uber and Brian Chesky fall into one or both of those categories. They certainly were brash survivors who didn’t create the ideas that made each company successful, but somehow they were able to execute better (more ruthlessly?) than their competitors. Unlike in his previous book about Amazon, “The Everything Store”, where CEO Jeff Bezos would not talk to him, this time Brad had access to all the key players and he writes a compelling page-turner. He opens the story with the 2008 Obama Inauguration, which founders of both companies were attending. What lessons have these wildly successful upstarts learned over the past nine years? How have they matured and become better leaders? After reading this book, you’ll have a whole new perspective the next time you ride in an Uber or make an Airbnb reservation. “Better Off” is sponsored by Betterment. For a recap of every episode, visit https://www.betterment.com/resources/topics/inside-betterment/better-off-podcast/. "Better Off" theme music is by Joel Goodman, www.joelgoodman.com.

BONUS call: Roth IRA

Feb 22, 2017 00:04:26

Description:

For the BONUS call this week we chatted with Brian from Seattle who plans on leaving his Roth IRA to his two kids...since this won't be happening for many, many years, he was wondering how he should be invested inside the Roth. A good lesson for anyone with a Roth or traditional IRA. Don't forget, a brand new episode of the Better Off podcast comes out Thursday so stay tuned for more listener questions plus an informative interview. Better Off is sponsored by Betterment. Please let us know what you think by leaving a rating in iTunes. And if you have a question you'd like to ask, send us an email at askjill@betteroffpodcast.com.

Fiduciary Rule with Betterment CEO Jon Stein

Feb 17, 2017 00:35:06

Description:

A couple weeks ago, we devoted the entire interview portion of the podcast to the hotly debated Department of Labor fiduciary rule, which was set to begin implementation on April 10. We taped that interview just days before President Trump signed a Memorandum that instructs the DOL to examine the rule “to determine whether it may adversely affect the ability of Americans to gain access to retirement information and financial advice.” In other words, the fiduciary rule could be toast. Well, not on this show--it’s going to be a running theme on Better Off because as a CERTIFIED FINANCIAL PLANNER™, fiduciary is an issue about which I’m deeply passionate. So is our guest this week, Betterment CEO Jon Stein. By now it’s no secret that Betterment is the sponsor of Better Off. But that’s not the reason why we’re having Jon on today. Jon has been an industry leader on the issue of fiduciary, publishing an open letter to President Trump, and voicing his company’s support for the rule. Jon’s take is simple and one that should resonate: U.S. investors should be able to trust that the financial advice they’re getting is in their best interest. As he stated in the letter, “Investing can be made intentionally complicated, and salesmen are clever. Left to its own devices, the investment industry for decades sold bad products to Americans.” The good news is that Jon and I are not alone. There’s support out there from plenty of high-profile people, including U.S. Sen. Elizabeth Warren, D-Mass., who penned a letter to the DOL highlighting support for the fiduciary rule from several financial institutions, including Betterment, adding that a delay “would be a slap in the face to the companies that have invested, in good faith, for a deadline that has stood for the past year -- and to the everyday worker deserving of the assurance that their retirement adviser is working in their best interest.” Safe to say Jon and I have plenty to discuss! “Better Off” is sponsored by Betterment. For more information on this and past episodes, visit www.betterment.com/resources/topics/inside-betterment/better-off-podcast/ "Better Off" theme music is by Joel Goodman, www.joelgoodman.com.

BONUS call: Student Loans

Feb 15, 2017 00:06:49

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On this week's BONUS call we talk about navigating the tricky world of student loans with Ashley. Let's just say that Ashley and her boyfriend racked up a good chunk of debt and she was looking for some advice on how to best tackle the loans. We all know somebody in a similar situation so it's worth a listen as it may help someone you know. Don't forget, a brand new episode of the Better Off podcast comes out Thursday so stay tuned for more listener questions plus an informative interview. Better Off is sponsored by Betterment. Please let us know what you think by leaving a rating in iTunes.

Kids and Financial Literacy with Beth Kobliner

Feb 10, 2017 00:31:27

Description:

You will often hear me say that before you worry about the financial future of your kids, you need to make sure you’re taking care of yourself first. But that doesn’t take you off the hook for discussing money with your kids. Think of it as another one of the talks...so now in addition to the sex talk, the drug and alcohol talk, we can add the money talk. All of these conversations must occur at every stage of your child’s development, with age-appropriate messaging that the kids can absorb. To help with your effort, this week we’re talking to Beth Kobliner, author of Make Your Kid A Money Genius (Even If You're Not): A Parents’ Guide for Kids 3 to 23. Okay, okay, full disclosure, she’s also a friend of mine. But that’s not why Beth is on “Better Off.” She’s on because it’s an important topic. I know there are a lot of you out there subscribed to this podcast, with kids or thinking about starting a family, wondering how to have such conversations: How much debt should we take on for college? Should I give my teen a debit or credit card? Should I give my child an allowance? My kid wants to move back home...should I charge rent? Those are just some examples and there’s plenty more in the book. Whether you’re a rookie in the parenting game or a veteran, this book will help. As Beth says, “Think of it as a guide for parents that offers the financial facts of life for kids 3 to 23.” And FYI, Beth is the real deal. In 2010, she was selected by President Obama to be a member of the President’s Advisory Council on Financial Capability, where she created MoneyAsYouGrow.org. The site attracted more than 1.4 million visitors and was adopted by the Consumer Financial Protection Bureau in 2016. So whether you have kids, are planning on it or know someone with kids, I encourage you to check it out. It’s never too soon to start the money talk with your children. “Better Off” is sponsored by Betterment. If you have a free minute, please leave us a rating or review in iTunes. "Better Off" theme music is by Joel Goodman, www.joelgoodman.com.

Fiduciary Standard Under Fire with Megan Leonhardt and Jack Otter

Feb 3, 2017 00:35:28

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Fiduciary Definition, according to Merriam-Webster: a : held or founded in trust or confidence

Build Your Dream Network with Kelly Hoey

Jan 27, 2017 00:36:26

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I promised you that on the “Better Off” podcast, we would tackle uncomfortable, and even controversial, money and investing issues. And high up on the list of anxieties is trying to land a new job or move up the food chain in your existing workplace. Of course, it’s all about who you know and having connections.

As someone who has been called a “natural networker,” I wholeheartedly cling to that concept. In fact, according to the Bureau of Labor Statistics, 70% of all jobs are found through networking. And because it’s a new year, a time when people often make changes, especially career changes, we thought it was a good idea to talk to networking expert Kelly Hoey. Kelly’s new book, Build Your Dream Network: Forging Powerful Relationships in a Hyper-Connected World, has just been released and is perfect for anyone looking for networking and career advice.

We have all heard that networking can be an effective and important tool, but Kelly emphasizes creating meaningful connections, defining your goal and honing on those who can help you form a strategy for connecting. Some of her tips include:

1) Determine the most effective ways to connect with others so you don’t clutter your calendar with dead-end coffee dates and informational interviews

2) Synchronize networking efforts with your digital outreach

3) Turn “closed door” conversations into strong personal relationships and business opportunities

4) Eliminate FOMO by keeping your networking efforts focused We also talk about how the rules have been rewritten now that we live in a digital world where our lives are dominated by Facebook, Twitter and apps.

The book also includes a series of Q&As with some of the best networking experts in the business who share some invaluable advice based on their successes and failures.

There's also a Build Your Dream Network reading guide. You can access it here

“Better Off” is sponsored by Betterment.

As always, ratings and reviews matter in the podcasting world, so if you have a free minute, please leave us a rating in iTunes. Thank you!

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

Misleading Numbers in Elections and Investing with Harry Enten

Jan 20, 2017 00:36:03

Description:

Young. Check. Ivy League educated. Check. Obsessed with statistics. Check. Obsessed with politics. Check. A rising star in the media world. Check. Yep, that pretty much describes this week’s “Better Off” podcast guest. As promised, we tackle uncomfortable, and even controversial, money and investing issues, but on this episode, we are wading into the choppy waters of politics, with Harry Enten, senior political writer and analyst for FiveThirtyEight. If you’re not familiar with the site, it’s the brainchild of statistician guru Nate Silver who gained recognition in 2008 after correctly predicting the outcomes in 49 of the 50 states in the presidential election. With the presidential inauguration upon us, we thought it made sense to talk to someone about the recent race, more specifically the numbers behind it, and how so many people got it wrong. What were the warning signs that so many missed? What did Hillary do wrong? Was it all about the economy or were there other factors? Did the third party candidates have an impact? Harry breaks down the election/forecasting/statistical terminology we’ve been bombarded with over the past year or so. What is probability and what does it mean? How about margin of error? What about sample errors? Are polls perfect or are they just a tool? As you’ll hear, politics was the main theme, but we also talked about Harry’s background and his love of sports and weather. That’s right, weather. This guy loves a good snowstorm. So much so that it played a role in picking a college. I think you’ll really enjoy the interview. It was very fun and informative, definitely one of my personal favorites. Harry Enten is a name you will be hearing more and more of in 2017. We just hope he remembers us little people. “Better Off” is sponsored by Betterment. And one more thing...ratings and reviews matter a lot in the podcasting world. So if you have a free minute it'd mean a lot if you can rate me in iTunes. Thank you! "Better Off" theme music is by Joel Goodman, www.joelgoodman.com.

Fail More, Reinvent Yourself with James Altucher

Jan 13, 2017 00:35:19

Description:

So here you are, listening to, or about to listen to the second episode of the “Better Off” podcast. Like you, I love podcasts. I subscribe to many, probably too many. But that’s how I found our guest this week, the one and only James Altucher. Last spring, I was walking on an isolated Long Island beach, picking up trash on Earth Day, listening to his podcast, The James Altucher Show, and was so blown away that I said out loud, “I need to interview this guy!” And that’s exactly what I did. After getting in touch via Twitter, James was a guest on my radio show and we’ve been pals ever since, hence his appearance on the podcast today. Aside from hosting his own successful podcast, James is also a serial entrepreneur and investor. How smart is this guy? As you’ll hear right off the bat, he’s smart enough to know that when it comes to investing, he’s not smarter than the market, which is why these days, he prefers the robo-advisor model, which essentially prevents him (and the rest of us) from making stupid decisions. Makes sense since he’s a lover of technology. One day we’ll get his thoughts on virtual reality and artificial intelligence. James is also an accomplished author with more than a dozen books under his belt. You can now add another one to the list with the recently released Reinvent Yourself. More than anything else, that’s exactly what initially drew me to James: his ability to continually reinvent himself, as well as his authenticity and his willingness to talk about it. He really is an open book. And he’s not just talking about his successes, of which he’s had many, but also his failures, of which he’s probably had more. This guy has made millions and lost it all, more than once! More than twice! Yet he somehow continues to reinvent himself and come out on top. As you hear this interview I suspect you may think, “How can I be more like this guy?” If so, you should definitely check out his book, Choose Yourself and his newest release, Reinvent Yourself. And one more thing...ratings and reviews matter a lot in the podcasting world. So if you have a free minute it'd mean a lot if you can rate me in iTunes. Thank you! “Better Off” is sponsored by Betterment. "Better Off" theme music is by Joel Goodman, www.joelgoodman.com.

New Year's Resolution: Become a Millionaire with David Bach

Jan 6, 2017 00:38:22

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How does it feel to have nine consecutive books make the New York Times bestsellers list? Or to be on the Oprah Winfrey Show six times? Well, I have no idea, but our “Better Off” guest, David Bach, does! Let me back up...this is the first-ever episode of “Better Off” where I tackle sometimes uncomfortable -- and even controversial -- money and investing issues. For the show premiere, I talked with David Bach, who has written eleven national bestsellers, with over seven million books in print. He’s best known for “The Automatic Millionaire.” It was so popular the first time around that he just released an expanded and updated version. Of course, there’s no secret recipe to becoming an automatic millionaire. There’s no magic formula. It’s something that takes time, work and discipline. If it were that easy we’d all be millionaires...and Mark probably wouldn’t be my producer. You’ll get to know Mark in subsequent episodes. He’s the guy that makes the show appear in your feed every week. As you’ll hear, I don’t agree with David that skipping a latte a day will help you become rich, but we also discuss many topics in the book upon which we both agree—perhaps none more important than becoming an “automatic investor.” Research shows that we have more positive outcomes when we take emotions and self-discipline out of the equation and put our financial lives on autopilot. That may be the biggest takeaway from the book. Whether it’s a retirement plan at work, an IRA, or a service such as Betterment, set it, forget it and let the magic of compounding interest go to work. It’s the beginning of a new year, a time when we reassess our financial situations and maybe even make some resolutions. Listen to this podcast, read the book and I have no doubt you’ll pick up some useful tips that will help you achieve your goals in 2017. “Better Off” is sponsored by Betterment. "Better Off" theme music is by Joel Goodman, www.joelgoodman.com.

Teaser Episode

Dec 22, 2016 00:00:56

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Better Off with Jill Schlesinger launches January 5th!