asset allocation

Prepping for Retirement

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We start the show with Linda from New Jersey who is wondering how she should be investing money once retired but still before she starts receiving Social Security. Great question!

Next up was Bob from the Bay Area with another retirement question regarding Social Security and his overall asset allocation.

In hour two we’ve got David Klein and Kelly Peeler from CommonBond, a company that positions itself as a place for simpler, smarter student loans for a brighter future.

While taking out loans for business school, co-founder David found himself asking a lot of questions: Why is the process so confusing? Why is the customer service so bad? Why are the interest rates so high? Isn’t there a better way for people to borrow for school?

Turns out he wasn’t alone as figures now show that students in the U.S. are struggling to pay down over $1.5 trillion in debt.

CommonBond was founded in 2012 to help relieve that burden, and since then have funded over $2.5 billion in better student loans. Their approach is no big secret: lower rates, simpler options, and a world class experience, all built to support you throughout your student loan journey.

Kelly and David firmly believe that student loans should be for fulfilling your dreams, not emptying your bank account. They’re helping you get there by lowering the cost of school and simplifying the process with no more stressful applications or being treated like an account number.

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

How to Preserve Our Assets

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You've done a great job of saving and are now retired. All is good, right? Except if you're worried about preserving your assets. That's the conversation with Leath from North Carolina.

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

The ABCs of Financial Literacy (Part One)

The ABCs of Financial Literacy (Part One)

I am using the occasion of Financial Literacy Month to define the most frequently asked financial words or terms that I find myself defining for readers, listeners and viewers. I will use the letters of the alphabet to help and if I miss something you would like defined, just shoot me a note and I will add to the Jill on Money Financial Glossary. I’ll complete the alphabet later this month.

What's the Next Financial Step?

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What should the priority be in regards to our personal finance game-plan? Should we be focusing on one thing specifically or doing a little bit of everything? That's the discussion on the latest call of the week with Joe from Minnesota. 

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

Is My Asset Allocation Safe?

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It seems like we get more and more calls from people looking to retire early, with Lisa from New York being the latest example. Lisa and her husband want to call it quits in their 50s and have actually done a great job of saving up, but is their current asset allocation too risky considering the goal?

After a surprise guest last week in hour two, this week, and for the coming weeks, we’re back to nothing but emails as we try to clear out the inbox. We’re finally into mid-February. The bad news is that we’re about to enter April!

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

How to Invest Extra Money

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While it's true that interest rates for savings accounts and CDs are on the way up, that doesn't necessarily mean it's a good excuse to keep 200k sitting in the bank. That's the discussion with Jackie on the latest call of the week.

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

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How to Invest Extra Money

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While it's true that interest rates for savings accounts and CDs are on the way up, that doesn't necessarily mean it's a good excuse to keep 200k sitting in the bank. That's the discussion with Jackie on the latest call of the week.

Have a money question? Email me here.

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

"Jill on Money" 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 More Bonds?

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People love the idea of seeing their investments go up and up and up. But what about when things go down? Where’s the protection? That’s why bonds need to be a part of the overall allocation. That’s the discussion as we kick off the latest show with DJ from Texas. A great call and important lessons to be learned.

Hour two was more from the endless pile of emails and a surprise guest to help break down tax season.

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

Asset Allocation, Annuities and Wisdom at Work

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First up this week was Steve from Seattle. Hearing the stories of others, Steve is starting to wonder if his current asset allocation is a bit too risky as he prepares for retirement in the near future.

Next was Ralph from the Bay Area. Also approaching retirement, Ralph is debating whether or not he should add an annuity to his portfolio. Good idea or bad?

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.

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

Asset Allocation + Annuities and Three Questions You Should Ask

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This week we kicked things off with Robert from the Bay Area who wanted to chat about his asset allocation. In his early 60s, with a couple homes and 800k in retirement savings, Robert is now wondering if he's invested too aggressively. At this point in his life is it time to scale things back a bit? Such a great call. 

In hour two, 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.

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