1946: The Quiet Money Mistakes High-Earning Women Make
So Money with Farnoosh Torabi
Farnoosh Torabi
4.7 • 2K Ratings
🗓️ 18 February 2026
⏱️ 46 minutes
🔗️ Recording | iTunes | RSS
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Summary
Today’s episode is for the woman who’s doing well on paper…earning more, climbing higher, checking the boxes of financial success— and yet still wondering if she’s making the smartest moves with her money. Because here’s the truth: more income doesn’t automatically mean more clarity, more confidence, or even more security.
In fact, high-earning women often face a unique set of financial blind spots—from over-relying on tax strategies to holding too much company stock, to quietly navigating complicated power dynamics at home and at work. And those mistakes can be costly if we don’t name them.
To help us unpack all of this, I’m joined by someone whose passion for empowering women financially is unmistakable the moment you hear her speak—financial advisor Maggie Johndrow who is a partner at Johndrow Wealth.
In this conversation, we talk about the quiet financial mistakes high-earning women make, how taxes can mislead our biggest decisions, what to know about RSUs and stock options before they surprise you with a bill, and the emotional—and practical—realities of being the breadwinner at home.
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Transcript
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| 0:00.0 | So Money episode 1946, the quiet money mistakes high earning women make. |
| 0:07.4 | You're listening to So Money with award-winning money guru Farnoosh Karabi. |
| 0:12.3 | Each day, get a 30-minute dose of financial inspiration from the world's top business minds, |
| 0:17.6 | authors, influencers, and from Farnoose yourself. |
| 0:21.7 | Looking for ways to save on gas or double your double coupons? |
| 0:25.4 | Sorry. |
| 0:26.3 | You're in the wrong place. |
| 0:27.7 | Seeking profound ways to live a richer, happier life. |
| 0:31.0 | Welcome to So Money. |
| 0:33.8 | All the CPAs that are listening in are going to gasp when I say this. But just because you can get the tax break on it doesn't mean it's necessarily right for you short, intermediate, or long-term goals, right? So maxing out your 401k, yeah, it's awesome or your SEP IRA. But two things. One, what does your cash flow look like today? And two, if you're putting all |
| 0:58.1 | of your money in deferred taxed accounts, like a pre-tax 401k, a pre-taxed up IRA, a traditional IRA, |
| 1:07.5 | that is all money that you're going to have to take out, depending on your age, but let's say by |
| 1:12.6 | 75, and what's called a required minimum distribution. The IRS at that point is like, hey, |
| 1:18.8 | you haven't paid taxes on this for 40 years, time to pay your tax bills, and they forced you |
| 1:24.2 | to take out money. And so some folks believe that in retirement, |
| 1:29.3 | they're going to be in a lower tax bracket. |
| 1:31.3 | And so that's great. |
| 1:32.3 | They can pay taxes on that money at a lower tax bracket. |
| 1:35.3 | But if those RMDs or those required distributions are really big, |
| 1:39.3 | because you've been an incredible saver and the market's been on your side, |
| 1:43.3 | you might not be in a lower tax |
| 1:44.6 | bracket. You might be in the same bracket or even higher. Welcome to So Money, everybody. I'm Farnoush |
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