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Jill on Money with Jill Schlesinger

Coronavirus: Convert to a Roth?

Jill on Money with Jill Schlesinger

Audacy

Self-improvement, Business, Investing, Education

4.61.8K Ratings

🗓️ 19 April 2020

⏱️ 9 minutes

🧾️ Download transcript

Summary

Since the wackiness began in mid March, one of the most common questions we've been getting is whether or not now is a good time to convert from a traditional IRA to a Roth IRA. 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 Coronavirus Market Update. It is Sunday, April 19th. I just said to

0:10.3

Mark, what's going on today? What should I talk about? And he goes, well goes well you know what today is you're making your sauce today because I said that I was going to be cooking something a little bit more time consuming every weekend during this pandemic.

0:24.4

I'm starting to do that with a little more regularity.

0:27.8

Mark sent me his very special recipe for red sauce with a little pork and so that's what the

0:37.6

Jewish girls gonna tackle pretty good huh? All right I hope you guys are doing

0:41.6

well thank you so much for listening.

0:44.0

This is the program that tries to take the mystery out of your financial life during normal times.

0:48.0

Right now we're trying to hold your hand, lift you up, and smack you down when you're being stupid, okay?

0:54.0

Not that you're really stupid, but when you're being, how shall we say,

0:58.0

silly.

0:59.0

We'd love to hear from you.

1:00.0

Send us an email, Ask Jill at Jill on Money.

1:03.2

com.

1:04.1

Holly writes that she heard me on the radio

1:06.2

and she thought I was great that's nice.

1:08.1

Question I have credit card debt of $4,000.

1:11.2

Is it better to have debt consolidation on a new card or apply for a small loan through a bank?

1:18.0

Thank you, Holly. Well, I think that what you could do is, first of all, I don't think you need debt consolidation

1:24.9

necessarily what's the interest rate on this credit card number one number two do

1:30.7

you have any other money that you could use to actually help pay this off?

1:35.0

Could you apply for a small installment loan through an online lender?

1:40.0

Sure, but we need some more information it depends what the alternatives are it depends how

...

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