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Jill on Money with Jill Schlesinger

BONUS call: Target Date Funds

Jill on Money with Jill Schlesinger

Audacy

Education, Investing, Business, Self-improvement

4.61.9K Ratings

🗓️ 19 December 2017

⏱️ 6 minutes

🧾️ Download transcript

Summary

If you ever take a look at the investments in your retirement plan chances are you'll see a bunch of target-date fund options. Sometimes people think they're the best option...kind of like one stop shopping. And sometimes they are. But sometimes they aren't, which is what Suzen from Chicago found out on the latest BONUS call. 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 and you know this is so great this is the time we can chat with you about what's going on in your financial life the questions that have been burning, itching, need a scratch.

0:16.9

We're here to help.

0:18.0

You got two chances every week to get on the air.

0:20.6

We drop this bonus episode on Tuesdays and then we try to pop one in

0:24.8

after the longer show on Thursdays every so often Mark might drop one on the

0:28.9

weekend just because we get too many of them if you do have a question just shoot us an email.

0:34.8

Ask Jill at better off podcast.com. Today we've got Susan on the line. She's calling from

0:41.2

outside of Chicago. Did I see how I did that? outside of Chicago.

0:42.8

Did I see how I did that?

0:44.0

Outside of Chicago, to make a differentiation.

0:47.0

Welcome to Better Off, Susan.

0:49.0

What can I do for you?

0:51.0

Well, thanks for taking my call, Jill. I really really appreciate it and I'm a big fan of the

0:54.3

podcast. Oh, thanks so much. So I had a question around Target Date Funds, so I've been

0:59.6

looking at my 401k plan and just to keep it simple I was thinking of doing a target date so it'll

1:07.5

automatically adjust over time but I wasn't sure what date to target because I

1:11.5

don't really know when I'm going to

1:13.0

going to retire. So I wanted to get your thoughts and advice on how to handle that.

1:16.4

Okay, great. So tell us a little bit about yourself.

1:19.4

So I am 36, I am single, no kids, least not any human ones that I have to pay for college

1:27.6

for.

1:28.6

And I make around 120 k a year.

...

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