Charles Schwab

Jill on Money Radio Show: Your Money Questions Answered

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Happy Thanksgiving! I know it’s a weird one this year, but I hope everybody is getting to enjoy it in some way, shape, or form.

Holiday or no holiday, the Jill on Money show carries on, so let’s get started with your emails and a caller who has every reason to be incredibly thankful this holiday weekend.

It’s a family affair in hour two as we bring you two separate interviews from the Schwab family.

First up is Charles Schwab, yes, that Charles Schwab, the founder of The Charles Schwab Corporation.

He joined us in-studio (pre-pandemic) to talk about his personal memoir, Invested: Changing Forever the Way Americans Invest, in which he describes his passion to have Main Street participate in the growing economy as investors and owners, not only earners.

Schwab opens up about the challenges he faced while starting his fledgling company in the 1970s and recounts the company’s game-changing sale to Bank of America, and how, in the end, the merger almost doomed his organization.

We finish up the hour with Carrie Schwab-Pomerantz, who joined us to discuss a recent retirement survey conducted by Schwab.

The online survey was conducted among 2,000 Americans aged 55 to 75 with at least $100,000 in investable assets. 

Among the findings:

  • More than 80% of those who have retired and those soon-to-retire believe their lifestyle in retirement will be everything that they envision

  • Aspiring retirees expect to retire six years later (at age 66) than accomplished retirees did

  • 19% of survey respondents say they or their spouse were financially impacted by COVID-19

  • 52% of respondents say they’re more focused on developing a retirement plan due to COVID-19

Have a money question? Email me here.

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

1-on-1 with Charles Schwab

We decided to re-run an interview we did a while back with Charles Schwab, yes, that Charles Schwab, the founder of The Charles Schwab Corporation.

He joined us to talk about his personal memoir, Invested: Changing Forever the Way Americans Invest, in which he describes his passion to have Main Street participate in the growing economy as investors and owners, not only earners.

Schwab opens up about the challenges he faced while starting his fledgling company in the 1970s and recounts the company’s game-changing sale to Bank of America, and how, in the end, the merger almost doomed his organization.

A remarkable story of a company succeeding by challenging norms and conventions through decades of change, Invested also offers unique insights and lifelong principles for readers, the values that Schwab has lived and worked by that have made him one of the most successful entrepreneurs of our time.

Have a money question? Email me here.

Please leave us a rating or review in Apple Podcasts.

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

Can We Both Retire?

A fun retirement planning question kicks us off this week as we’re joined by both Sara and Ken from Washington. With both preparing to call it quits after working at the same company for more than 30 years, they wanted a quick retirement plan review to make sure they’re in good shape.

In hour two we have a financial icon in-studio as Charles Schwab pays us a visit. Yes, that Charles Schwab, the founder of The Charles Schwab Corporation.

In his recently released personal memoir, Invested: Changing Forever the Way Americans Invest, Schwab describes his passion to have Main Street participate in the growing economy as investors and owners, not only earners. Schwab opens up about the challenges he faced while starting his fledgling company in the 1970s. 

A year into his grand experiment in discounted stock trading, he carried a six-figure debt and a pocketful of personal loans. As it turned out, customers flocked to Schwab, leaving his small team scrambling with scarce resources and no road map to manage the company’s growth.

He recounts the company’s game-changing sale to Bank of America, and how, in the end, the merger almost doomed his organization. We learn about the clever and timely leveraged buyout he crafted to regain independence.

A remarkable story of a company succeeding by challenging norms and conventions through decades of change, Invested also offers unique insights and lifelong principles for readers, the values that Schwab has lived and worked by that have made him one of the most successful entrepreneurs of our time. Today, his company is one of the leading financial services firms in the world. 

Have a money question? Email me here.

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

Invested with Charles Schwab

This week we have a financial icon in-studio as Charles Schwab pays us a visit. Yes, that Charles Schwab, the founder of The Charles Schwab Corporation.

In his just released personal memoir, Invested: Changing Forever the Way Americans Invest, Schwab describes his passion to have Main Street participate in the growing economy as investors and owners, not only earners. Schwab opens up about the challenges he faced while starting his fledgling company in the 1970s. 

A year into his grand experiment in discounted stock trading, he carried a six-figure debt and a pocketful of personal loans. As it turned out, customers flocked to Schwab, leaving his small team scrambling with scarce resources and no road map to manage the company’s growth.

He recounts the company’s game-changing sale to Bank of America, and how, in the end, the merger almost doomed his organization. We learn about the clever and timely leveraged buyout he crafted to regain independence.

A remarkable story of a company succeeding by challenging norms and conventions through decades of change, Invested also offers unique insights and lifelong principles for readers, the values that Schwab has lived and worked by that have made him one of the most successful entrepreneurs of our time. Today, his company is one of the leading financial services firms in the world. 

Have a money question? Email me here.

Please leave us a rating or review in Apple Podcasts.

Connect with me at these places for all my content:

https://www.jillonmoney.com/
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://www.stitcher.com/podcast/jill-on-money
https://apple.co/2pmVi50

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

Active vs. Passive Investing

active 2.jpg

We start things off this week with Ben from Indiana who is trying to weigh the pros and cons of active investing versus passive investing. Always a fascinating topic to discuss.

Next was John from Houston who’s trying to determine what he should be doing with some extra cash. Pay down his current mortgage? Or help out his mother?

In hour two we had a quick chat with Cynthia Loh from Charles Schwab.

Cynthia leads the team responsible for defining the client experience for Schwab Intelligent Portfolios® and Schwab Intelligent Portfolios Premium™, the firm's robo-advisory and hybrid advisory and planning services. Her team is also responsible for developing and executing a growth strategy for both services.

Have a money question? Email me here.

Please leave us a rating or review in Apple Podcasts.

Connect with me at these places for all my content:

https://www.jillonmoney.com/
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://www.stitcher.com/podcast/jill-on-money
https://apple.co/2pmVi50

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