BONUS call: Windfall Tax
Jill on Money with Jill Schlesinger
Audacy
4.6 • 1.9K Ratings
🗓️ 23 January 2018
⏱️ 8 minutes
🧾️ Download transcript
Summary
I think it's safe to say that we would all like a windfall, right? Emili in Dallas, our BONUS call this week, is one of the lucky ones as she and her husband will soon be coming into a large chunk of money. But with that money comes a tax bill, something Emili wants to make sure she's properly prepared for, hence the call to us! Have a finance related question? Go to jillonmoney.com for all the contact info 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/ 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. |
| 0:06.2 | Remember you've got two chances to get on the air. |
| 0:08.6 | Tuesdays we drop our Bonus Call and then after the longer show on Thursdays we've got a |
| 0:13.4 | listener question of the week. A lot of ways to get in touch with us probably the |
| 0:17.2 | easiest one just shoot us an email ask Jill at better off podcast |
| 0:21.6 | dot com ask Jill at Better Off Podcasts.com. |
| 0:22.8 | Ask Jill at Better Off Podcast. |
| 0:25.9 | That's what Emily did. |
| 0:27.4 | She's from Dallas and Emily, welcome to Better Off. |
| 0:31.0 | What can I do for you? |
| 0:33.0 | Hi Jill, I'm calling because I have a question about my husband's company. |
| 0:40.0 | He's got a small equity stake in an oil and gas company and he's intending to cash out sometime this year. |
| 0:47.0 | Okay. |
| 0:48.0 | And we're not really sure what to do with this kind of windfall we're looking at anywhere it could be |
| 0:55.1 | 100 all the way up to potentially 700 on the really positive side of the scale. |
| 1:00.7 | All right I'm gonna, I pick 700. |
| 1:03.0 | Okay. |
| 1:04.0 | So just tell me how did he acquire this equity stake? |
| 1:08.9 | What was the, what was the mechanism? |
| 1:11.3 | So it was not granted. It was actually purchased. Okay. He's invested as if he were a |
| 1:17.3 | founder of the company. Okay. How much did he put into this this investment? I think about |
| 1:22.4 | ten to fifteen thousand dollars. All right let's make it we'll call to this investment? I think about $10,000 to $15,000. Okay. So is he sort of just |
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