With more and more employers offering a Roth option, we’ve been getting a lot of questions about which makes more sense, the Roth or pre-tax option?
Are we in good shape for retirement? That’s another very popular question this year. In this particular case, the couple is eager to call it quits and do some traveling.
We also mixed in another call and some emails to wrap up the first hour.
In hour two we’re once again joined by Brent Weiss, co-founder and Head of Planning at Facet Wealth, and the 2021 sponsor of Jill on Money.
This time around we’re talking about all things insurance, including term life insurance, long term care policies, and disability coverage, especially for all the freelancers out there.
Have a money question? Email me here.
"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.
This weekend the Jill on Money team (Jill and Mark!) is on vacation, so it’s a hybrid kind of show.
We did mix in some new emails in both hours, including a question about whether or not it makes sense to find a financial advisor, or are you better off going it alone?
We’re also going to be bringing you interviews in both hours, starting with something quite appropriate for the summertime party scene!
If your plan is to order a few pizza pies for a party this summer, finish listening to this show first, as we're joined by Ilir Sela, founder and CEO of Slice.
Since 2010, Slice, the easiest way to order pizza online, has been all about connecting hungry customers with the great pizza restaurants around them.
Today, more people than ever are experiencing the benefits of the free and easy Slice ordering applications with access to thousands of independent pizza menus.
For hungry customers it provides a quick and easy way to place orders with the best local pizza restaurants. For pizza restaurants it provides an effortless and complete online ordering solution, fully interactive menu and marketing services to attract new customers.
In hour two we’re joined by Brent Weiss, co-founder and Head of Planning at Facet Wealth, and the 2021 sponsor of Jill on Money.
Facet Wealth is a financial service firm that believes in achieving your financial goals with a dedicated CFP® at an affordable price.
How many times have we all said “I can’t wait to retire?” But for many of us, when we really think about taking that next big step, all of a sudden we’ve got real legitimate questions, like how do I know when I’m ready? Or how will I pay for health coverage and when should I take Social Security?
The folks at Facet Wealth strive to provide the answers.
Whether it’s retirement planning, education planning, asset management, insurance or estate planning, Facet wants to show you what is possible with the next generation of financial life management.
Have a money question? Email me here.
"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.
Happy Memorial Day weekend! Can you believe it? Five months already in the books! Who knows what the next seven will bring, but one thing I do know, we’ll still be here answering your questions.
Here’s what I like to call a good problem to have. A few thousand extra dollars each month and you’re not quite sure what you should be doing with the surplus cash. That’s the conversation with our caller in the first hour.
Happy 529 Day, a day when states try to boost interest and participation in 529 education savings programs with various incentives.
To mark the occasion we’re once again joined in hour two by Brent Weiss, co-founder and Head of Planning at Facet Wealth, the Jill on Money sponsor for 2021.
With Brent in the co-pilot chair, 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.
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.
Are 529 plans only for college? 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.
Have a money question? Email me here.
"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.
Spring is officially here!
And with it comes a beaming light at the end of a long, dark tunnel. Thank goodness!
That said, let’s not forget about all those who’ve been impacted by the pandemic, even though some are certainly doing better than others, as you’ll hear with our caller and emails.
In hour two we’re once again joined by Brent Weiss, co-founder and Head of Planning at Facet Wealth, the Jill on Money sponsor for 2021.
Spring can only mean one thing, peak season for the real estate market.
Brent joined us to talk about all the things that go into making a home purchase, as well as credit scores, which play a huge factor in determining what kind of interest rate you get.
As a reminder, if you’re interested, Facet Wealth is a financial service firm that believes in achieving your financial goals with a dedicated CFP® at an affordable price.
Whether it’s retirement planning, education planning, asset management, insurance or estate planning, Facet wants to show you what is possible with the next generation of financial life management.
Have a money question? Email me here.
"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.
Welp, so much for my Super Bowl prediction! I suppose I should stay in my lane and focus on what I do best, helping you guys navigate your financial lives.
We start this week by answering a handful of emails and then taking a call from Margaret, a recent widow.
Dealing with a loss is hard enough, then mix in trying to navigate the finances, and things can quickly become too much to handle.
In hour two we’re once again joined by Brent Weiss, co-founder and Head of Planning at Facet Wealth, the Jill on Money sponsor for 2021.
Since it’s Valentine’s Day weekend, we figured it was a good time to bring Brent back on and chat about all things love and money :)
As a reminder, if you’re interested, Facet Wealth is a financial service firm that believes in achieving your financial goals with a dedicated CFP® at an affordable price.
Whether it’s retirement planning, education planning, asset management, insurance or estate planning, Facet wants to show you what is possible with the next generation of financial life management.
Have a money question? Email me here.
"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.
Back in the saddle as we have our first new show of 2021, and it comes on the 10th anniversary of the Jill on Money radio show.
It was January of 2011 when Mark and I began this little passion project, doing it when we could squeeze in the extra time.
I think when we started Mark was working overnights at CBS News, now he pretty much makes his own schedule and plays Mr. Daddy, my how things have changed!
On to the show with a fresh batch of questions and a caller in hour one.
In hour two we’re joined by Brent Weiss, co-founder and Head of Planning at Facet Wealth, a new Jill on Money sponsor for 2021.
Facet Wealth is a financial service firm that believes in achieving your financial goals with a dedicated CFP® at an affordable price.
How many times have we all said “I can’t wait to retire?” But for many of us, when we really think about taking that next big step, all of a sudden we’ve got real legitimate questions, like how do I know when I’m ready? Or how will I pay for health coverage and when should I take Social Security?
The folks at Facet Wealth strive to provide the answers.
Whether it’s retirement planning, education planning, asset management, insurance or estate planning, Facet wants to show you what is possible with the next generation of financial life management.
Have a money question? Email me here.
"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.