jamesaltucher

Ep. 007 - Fiduciary Rule with Jon Stein

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.

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.

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

We love feedback so please subscribe and leave us a rating or review in iTunes!

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http://betteroffpodcast.com/

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

Ep. 006 - Kids and Financial Literacy with Beth Kobliner

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.

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.

For more financial literacy tips with Beth, you can connect with her on Twitter and Facebook.

“Better Off” is sponsored by Betterment.

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

We love feedback so please subscribe and leave us a rating or review in iTunes!

Connect with me at these places for all my content:

https://twitter.com/jillonmoney

https://www.facebook.com/JillonMoney

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

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

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

http://betteroffpodcast.com/

https://itunes.apple.com/us/podcast/b...

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

#304 New Year's Special

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This weekend we say goodbye to 2016 and hello to 2017!  It also means that there's no chance we're doing a live show this weekend...so you get one more holiday best-of from the Jill no Money team, aka me and Mark. Consider it our New Year's gift to you.  P.S. stay tuned for an EXCITING ANNOUNCEMENT IN 2017,  which we think you'll enjoy :) Back to this week...

First up you're going to hear from a guy you should be thanking every time you contribute to your 401(k):  Ted Benna, who is more commonly known as the "father of the 401(k)" because he created and gained IRS approval of the first savings plan.  That's right, he's the guy responsible for your 401(k).  Pretty cool, huh?  It's amazing to hear his story and the history of the plan and how the whole thing came about.

In hour two we chat with Rana Foroohar, journalist and author of "Makers and Takers," a book that discusses how the misguided financial practices and philosophies that nearly toppled the global financial system have come to infiltrate all American 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.

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Thanks to everyone who participated this week, especially Mark, the Best Producer/Music Curator in the World. Here's how to contact us:

  • Call 855-411-JILL and we'll schedule time to get you on the show LIVE 

#303 How to Fail and Reinvent Yourself

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Surprise, surprise...it's Christmas/Hanukkah weekend, which means we get to reinvent ourselves...in other words, you're getting a "best-of" show -- consider it our gift to you! 2016 saw a first for Jill on Money: a single guest for an entire show!  Who would be worthy of such an honor?  The one and only James Altucher.

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I'm guessing by  now that you're at least somewhat familiar with James.  If you're not, this describes him in a nutshell:

  • Serial entrepreneur
  • Investor
  • Author
  • Podcast host
  • Self-proclaimed minimalist

More than anything else, what initially drew me to James is his ability to continually reinvent himself.  This is a guy who has been down many different career paths, made millions, lost it all more than once, yet somehow always comes out on top.  I really think you'll enjoy his story.

And if you didn't get it as a Christmas gift, I highly recommend you check out his book, Choose Yourself.

Thanks to everyone who participated this week, especially Mark, the Best Producer/Music Curator in the World. Here's how to contact us:

  • Call 855-411-JILL and we'll schedule time to get you on the show LIVE