A Large Financial Windfall and Disability Insurance

Jill on Money with Jill Schlesinger

Audacy

Education, Investing, Business, Self-improvement

4.6 • 1.9K Ratings

🗓️ 23 August 2018

⏱️ 34 minutes

🔗️ Recording | iTunes | RSS

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Summary

Digging out from under our pile of calls and emails has been a struggle all year long, and there’s really no end in sight. It’s definitely a good problem to have and one that will certainly lead to more shows like today’s episode that only features questions from you, our fabulous listeners! If you like what you hear, please let us know by sending a quick note or by leaving a comment in iTunes. First up this week was Lisa from the Bay Area who is having a terribly hard time getting disability insurance. She’s young, healthy, has a good job...so what’s the issue? Wait till you hear this one. After Lisa we jumped into a variety of emails. We talked about saving for a house downpayment versus saving for retirement, transferring a 401(k) into an annuity (NO!!!), the benefits of using a Roth 401(k) and a Roth IRA, and the best places for short-term investments. After the emails we went back to the phones and took an inheritance call from Jenny in Seattle. We’ve been taking listener calls for just about eight years now...I can easily say that this will go down as one of the most memorable calls in the history of my podcast and radio show. Me writing about it will do it no justice so you’re going to have to listen. It was incredible. If you have a money question, just email me! “Better Off” is sponsored by Betterment. "Better Off" theme music is by Joel Goodman, www.joelgoodman.com. Connect with me at these places for all my content: http://www.jillonmoney.com/ https://twitter.com/jillonmoney https://www.facebook.com/JillonMoney https://www.instagram.com/jillonmoney/ https://www.youtube.com/c/JillSchlesinger https://www.linkedin.com/in/jillonmoney/ http://www.stitcher.com/podcast/jill-on-money https://apple.co/2pmVi50

Transcript

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0:00.0	Welcome to the Better Off Podcast. We're sponsored by Betterment. It's the largest independent
0:08.8	online financial advisor. Today our show, our main show, is all about you. Essentially, our inbox has flooded. It has
0:18.7	just gone on overdrive. Remember, if you'd like to get on the air with us. It's very easy. Send us an email
0:24.8	Ask Jill at better off podcast.com. Ask Jill at better off podcast.com. It's very easy to do.
0:32.2	Don't forget that you can download the show anywhere you get your podcast.
0:37.0	We'd love for you to subscribe.
0:38.6	Apple Google Play, radio.com Stitcher, wherever. And if you are more interested in great content
0:45.4	that we are creating you can go to Jill on money.com sign up for our free newsletter
0:49.4	you can do all sorts of things however we start today's show with Lisa who is calling from the Bay Area.
0:57.6	Hello, Lisa. Welcome to the program. What can I do for you?
1:01.3	Hi, Jill, thank you so much for taking my call.
1:04.4	I've got this nagging problem that I just can't for the life of me
1:08.5	find a solution for and have to do with disability insurance.
1:12.7	Which is the sexiest topic you could ever talk about.
1:15.4	I mean, come on.
1:16.5	I've been thinking that I should want to get a long-term disability insurance policy
1:21.0	for a while when my daughter was born nine years ago, I applied for life insurance because
1:27.7	we were all trying to get our ducks in a row and I was married at the time and while I applied for life insurance I went ahead and said sure sign
1:35.8	me up for disability too while we're at it because it seems like a good idea the
1:39.8	you know the idea of ensuring my income if I were to become unable to work seemed like a good thing to do and at the time you know I was buried and I was the primary earner and I thought sure sign me up.
1:55.3	Okay. I got the life insurance no problem and you know the premium suggests they think I'm going to live so
2:02.0	110 so that's right and I'm sure you will right but then disability
	...

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