BONUS call: Early Retirement
Jill on Money with Jill Schlesinger
Audacy
4.6 • 1.9K Ratings
🗓️ 16 May 2017
⏱️ 9 minutes
🧾️ Download transcript
Summary
Today on the BONUS call we're chatting with Doug in Miami who initially called to ask about an old 401(k) plan and what he should do with it. As you'll hear, the call quickly turned into Doug, 35 years old, wanting to retire at 50. Can he do it? Does he have enough saved? Is it a smart move? 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. |
| 0:05.5 | I'm Jill Schlesinger, your host. |
| 0:07.1 | The Better Off podcast is sponsored by Betterment, the smarter way to invest your money. |
| 0:11.4 | Now listen, we are relying on you to keep us on the ball here. |
| 0:16.7 | Every time you send us an email and ask to get on the air, it allows me and Mark to go research things, to think about these things, and get you on the air to talk about the various issues in your financial life. |
| 0:32.2 | Remember, I'm a certified financial planner. |
| 0:34.1 | I'm now the CFP board senior ambassador. |
| 0:36.5 | Mark is studying to become a certified financial planner. So this now the CFP board senior ambassador. Mark is studying to become a certified |
| 0:38.6 | financial planner. So this is the part of the podcast every week. These Tuesday drops are |
| 0:44.8 | perfect for us because we get to kind of make sure that we know what the heck we're talking about. |
| 0:50.1 | Of course, we also have our longer show on Thursdays. Please go and download that show or subscribe anywhere you get your podcast, iTunes, Google Play, Stitcher, SoundCloud, or you can go to our website, betteroffpodcast.com. |
| 1:04.4 | If you've got a question, just shoot us an email. |
| 1:06.8 | Ask Jill at betteroffpodcast.com. |
| 1:10.0 | Right now, we are talking to Doug, who is in Miami. |
| 1:13.8 | Doug, I was recently in Miami, and you know what? It is lovely there. It is absolutely |
| 1:18.3 | lovely. I hope you've enjoyed a nice winter and now spring in Miami. Oh, I love it here. |
| 1:25.1 | It's just perfect this time of year. So tell us why you have called us today. What's on your mind? |
| 1:31.3 | All right. Well, I need some advice on what to do with an ex-employee sponsored 401K |
| 1:35.9 | that was automatically placed into a traditional IRA when I left. It was under two grand, |
| 1:41.8 | so by law, I don't think they had to inform me. |
| 1:44.7 | Anyways, my current company's 401K plan will not allow rollovers from an IRA. |
| 1:49.7 | Wait a minute, but would they allow rollovers if we moved, oh, I guess it's already in an IRA. |
... |
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