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.

The State of Retirement

Yesterday it was Charles Schwab, today it's his daughter 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

It's a true family affair this weekend on Jill on Money!

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.

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.

Which Investment Company To Use?

When it comes to investing, there are plenty of solid companies to consider using. Some of the names are very well known, such as Vanguard, Schwab, Fidelity, etc, but what about the companies with lesser name recognition?

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.

Low Cost Investing

It seems like there's a zillion different options for those looking to get in on the investing game, and regardless of which path you choose, the key is to do it in the cheapest way possible.

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.

Rock Bottom Fees

When major firms like Vanguard, Schwab, Fidelity, etc, are basically charging zero fees, how on earth are they making money?

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.

Radio Show: Coronavirus and Your Money Continued

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And here we are already, the last weekend of August. Hard to believe there’s only one more month in the third quarter of 2020. Before you know it, the holiday season will be upon us.

Just like last week, we have two guests for you this week, with some of your questions mixed in along the way.

First up we’re talking about bonds.

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

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.

Joining us in hour one is Kathy Jones, Senior VP and Chief Fixed Income Strategist at Schwab. 

If the pandemic has acted as an accelerant to business trends, it has also become an accelerant to inequality.

Last year, before the onset of coronavirus, the Census Bureau found income inequality was at its highest level in 50 years, with two-thirds of the total wealth in the country owned by the richest 5-percent.

Meanwhile, 4 out of 10 American adults said they would have difficulty covering a $400 unexpected expense and more than 38 million Americans are living in poverty.

When discussing these facts and figures, it is important to remember that there are people behind the numbers.

To do a deeper dive with us on this topic, we're joined in hour two by Dane Holmes, co-founder and CEO at Eskalera, a diversely founded company, committed to providing employees and managers with the knowledge and skills to build a more inclusive culture and helping organizations drive systemic and sustainable change.

Have a money question? Email me here.

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

Coronavirus: Bond Boot Camp Part Two

Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube.

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. Joining us on the podcast this weekend is Kathy Jones, Senior VP and Chief Fixed Income Strategist at Schwab. 

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.

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