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Jill on Money with Jill Schlesinger

Coronavirus: Are the Fees Worth It?

Jill on Money with Jill Schlesinger

Audacy

Self-improvement, Business, Investing, Education

4.61.8K Ratings

🗓️ 18 June 2020

⏱️ 10 minutes

🧾️ Download transcript

Summary

When it comes to finding an advisor that could be around for the long haul, how much of a factor should the fees be when making a final decision? Have a money question? Email me here. Please leave us a rating or review in Apple Podcasts. "Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com. To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

Welcome to the Jill on Money Corona virus Market update.

0:07.4

It is Thursday, June 18th, and that means a Thursday morning we're going to get weekly jobless claims.

0:16.0

I mean there's still going to be a lot of people filing for unemployment benefits.

0:20.0

So far from the sort of pandemic era. We've had 44.2 million people

0:27.1

file maybe another 15 million or so who were self-employed or gig workers, but a lot of those people have now gotten

0:34.9

re-employed so that's good and we're likely to see the 11th straight

0:39.7

weekly decline since claims did peak back in the week of March 28th. So that's good news.

0:45.8

I'll take it, okay? And on top of that retail sales news, I think there's certainly

0:51.2

slow improvement. that is certainly, certainly much needed.

0:57.6

It just doesn't tell us kind of where we go from here.

1:00.6

So I think the next few months are going to be really interesting to see. We'll keep you up to date on the data. However, until then, you're going to worry about you and what's going on in your financial life. If you have a question, just email us, ask Jill at Jill on Money.com.

1:17.6

Ask Jill at Jill on Money.com. Our first question comes from T. I'm not even going to say the name because it seems to me like it's a I don't know it's a very

1:28.5

intimate question. I was married to my husband for 57 years and we lived for a number of years on his minimum required

1:36.8

distributions from his IRA accounts. I had Power of Attorney for the last four years of his life.

1:44.2

When he died in July of 2018,

1:47.2

the Secretary of our business

1:49.7

stated that she now was getting everything we had because my husband had signed a trust and

1:58.8

that trust gave this woman the secretary her husband, all of his assets.

2:05.0

The IRAs were not in the trust, but her name was on them.

2:10.0

Vanguard never told us that.

2:12.0

My husband did not know that. Vanguard never

2:13.0

know that.

...

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