677: Ask Farnoosh, Does closing a checking or savings bank account affect your credit score?

So Money with Farnoosh Torabi

Farnoosh Torabi

Entrepreneurship, Business

4.7 • 2K Ratings

🗓️ 12 January 2018

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

I have two daughters, 12 and 14... how do I teach them to invest?

Does closing a checking or savings bank account affect your credit score?

Is a Roth IRA or 457b government deferred compensation plan better for a 27-year old who is planning for retirement for the first time?

Answering these questions of yours and more on this week's show with So Money friend and Profit Boss Radio host Hilary Hendershott.

To learn more about Hilary's event on Friday, January 19th in San Jose, CA visit www.profitbosslive.com.

To learn more visit www.somoneypodcast.com.

Learn more about Farnoosh's upcoming literary workshop Book to Brand. Early bird registration is now open!

Hosted on Acast. See acast.com/privacy for more information.

Transcript

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0:00.0	So Money episode 677, Ask Farnush, with special co-host, financial advisor Hillary Hendershot.
0:09.3	You're listening to So Money, with award-winning Money Guruuosh Karabi. Each day get a 30 minute
0:15.2	dose of financial inspiration from the world's top business minds, authors, influencers,
0:20.8	and from Farnus yourself.
0:27.0	Looking for ways to save on gas or double your double coupons? Sorry, you're in the wrong place.
0:29.0	Seeking profound ways to live a richer, happier life.
0:32.0	Welcome to So Money.
0:36.0	Hillary Henderson Shot,
0:38.0	welcome back to Ask for our News.
0:40.0	Happy New Year.
0:41.0	I love this show.
0:42.0	I love that I'm back and happy new year to you.
0:45.2	And your family as well, you know your daughter is one and a half, 18 months and
0:51.5	we were just talking everybody before we were recording how much we love being the
0:55.6	mothers to daughters. I say this also as a mother to a son. I love my son but something
1:02.2	very special about being a mom to a young girl and also given
1:06.3	you know what's happening in the world and I was watching the Golden Globes last night with
1:11.0	Oprah and her speech and it just kind of made
1:13.9	everything's gonna be okay. It's a it's a new the dawn of a new era for
1:19.3	women. It is and it's a, you know, it was very, it's a privilege to be able to raise young girls in this era and hopefully they won't have any of the adversity that we're grappling with today. I sure hope not yeah I know you what was the thing you just
1:36.2	taught your daughter to say at her when someone asks her age well I felt like when she's
1:40.5	18 months old so saying she's one-year-old isn't sufficient
	...

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