BONUS call: Asset Allocation

Jill on Money with Jill Schlesinger

Audacy

Investing, Education, Business, Self-improvement

4.6 • 1.9K Ratings

🗓️ 22 August 2017

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

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Summary

This week on the BONUS call we've got Ari from New York City. Ari, a physician, has been accumulating assets for several years and recently realized that the bulk of his money is in stocks. Now Ari is thinking his portfolio should be more balanced but he's worried about the tax hit if he starts moving things around. Have a finance question? We want to hear from you! Email us at askjill@betteroffpodcast.com and we'll arrange to get you on. Don't forget, a brand new episode of the Better Off podcast comes out Thursday so stay tuned for more listener questions plus an informative interview. Better Off is sponsored by Betterment. Please let us know what you think by leaving a rating or review in iTunes. 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/ https://soundcloud.com/jill-schlesinger http://www.stitcher.com/podcast/jill-on-money http://betteroffpodcast.com/ https://itunes.apple.com/us/podcast/better-off-jill-schlesinger/id431167790?mt=2

Transcript

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0:00.0	Welcome to the Better Off bonus call of the week.
0:05.8	We're sponsored by Betterment, the largest independent online financial advisor.
0:10.3	Now remember, I love doing these segments because I am the senior CFP board ambassador, a certified financial planner.
0:17.5	Mark wants to be a certified financial planner.
0:19.7	We love this stuff. He's not sure he wants to be a
0:22.1	financial planner, but he likes the knowledge. But we love this stuff. We love to talk to you about
0:26.5	what's going on in your bigger picture financial lives. So if you'd like to join us on the program,
0:32.6	send us an email. Ask Jill at betteroffpodcast.com. Ask Jill at betteroffpodcast.com.
0:39.6	Two chances to get on the program, this bonus call of the week, as well as on our longer
0:44.2	show on Thursdays when we add the listener question of the week after the interview.
0:48.9	So give us a shout.
0:49.9	We'd love to hear from you.
0:51.2	And right now we're going to Ari, who's on the line from New York.
0:54.8	Hello, Ari, and how are you? Hey, Jill. It's wonderful to be here. I'm a big fan of yours. I love your podcast. Never miss an episode. Oh, thank you so much. Tell me what's going on and how we might be able to help you out today. Sure. Well, the reason I wrote was I wanted to ask your
1:12.0	opinion on how to deal with an issue that I'm encountering as I'm getting a bit older. I'm 50
1:17.5	years old, and I'm a single man, although I'm likely going to get married sometime soon. And I've
1:25.6	been accumulating assets over the years. I'm a physician in New York City.
1:29.9	And as I'm accumulating assets, what I'm learning is that I have more and more money in
1:35.3	stocks than I do in bonds and I'm turning 50 now. And so I'm thinking I need to rebalance a little
1:42.2	bit. And I'm asking you for some advice regarding this.
1:45.3	What kind of doctor are you? Because maybe I'm going to trade this financial advice for a doctor's
1:49.3	visit. I'm not sure I'm going to be able to help you because I work in a pediatric subspecialty.
	...

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