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So Money with Farnoosh Torabi

1428: Ask Farnoosh: Best Time to Rollover a 401(k), Establishing Credit in College and Smart Way to Pay Caregivers

So Money with Farnoosh Torabi

Farnoosh Torabi

Entrepreneurship, Business

4.71.9K Ratings

🗓️ 28 October 2022

⏱️ 27 minutes

🧾️ Download transcript

Summary

On this week's Ask Farnoosh, a listener asks about timing her 401(k) rollover so that she avoids losses. Also, what's the best way to establish credit in college: open a credit card or get a student loan? A listener also wonders about the best ways to pay for a full-time caregiver for her baby. Farnoosh selects a reviewer of the week. To read her latest So Money Hot Mic column on student loans the racial wealth gap, click here. For Farnoosh's weekly email offering current financial insights and advice, sign up for free and receive a free gift: So Money Secrets, a PDF of select interview highlights. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

SoMoney is brought to you by CNET, the site that shows how to navigate change all around us.

0:06.4

SoMoney episode 1428 asks for news.

0:11.1

You're listening to SoMoney, with award-winning money guru Farneesh Karabi.

0:15.6

Each day, in a 30-minute dose of financial inspiration from the world's top business minds,

0:20.8

authors, influencers, and from Farneesh herself.

0:25.2

Looking for ways to save on gas or double your double coupons?

0:28.8

Sorry, you're in the wrong place, seeking profound ways to live a richer half your life.

0:34.3

Welcome to SoMoney.

0:37.5

Welcome to SoMoney, everybody. It's Friday, October 28th, 2022.

0:45.5

Got my voice back for about 95% of the day. So apologies ahead of time if things go awry,

0:54.0

but thank you for bearing with me. Last week had to run a partial rerun just because it was just

1:00.0

too much for my voice. I had to rest it too for a speaking engagement in Denver the same day.

1:06.7

So first shout out to NAPFA inviting me to their conference in Denver. I have to say, love the room.

1:15.0

Love the room of financial planners. These are my people, right? We talked about when she makes more

1:19.7

and how to either themselves in their relationships or in their client's relationships,

1:25.9

install, implement advice and tactics and strategies for thriving when you have disparate income

1:32.9

in your in your marriage. Talk about that last week. So just another shout out to NAPFA because

1:38.8

we are a big fan of NAPFA here on SoMoney. We love the fee-only financial planners. Have many of

1:45.9

them on the show to help me run this program. Today a much different kind of Friday for me wasn't

1:50.8

us speaking on stage in front of hundreds of people and said I was in a classroom of 23 five

1:55.7

year olds. I volunteered in my daughter's kindergarten class to help with their art projects.

2:02.9

And let me tell you I am exhausted after one hour of just sitting around a table with five to six

...

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