Coronavirus: How to Invest Lump Sum

Jill on Money with Jill Schlesinger

Audacy

Self-improvement, Business, Investing, Education

4.6 • 1.8K Ratings

🗓️ 13 August 2020

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

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Summary

When you have a large chunk of money that you need to invest, should you move the money all at once, or do a little at a time? 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

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0:00.0	Are you ready for a Monzo Business Bank Account?
0:03.3	Heather from the Accountant's Growth Club was,
0:05.3	knowing what cash I have is really important and Monzo Business makes it easy.
0:09.8	It automatically puts 20% of my income into a tax pot.
0:14.0	When it's time to pay your VAT, I always know the money's there.
0:17.0	If you're ready for a Monzo business account, apply today.
0:20.0	Just search Monzo Business. Only sole traders or limited company directors in the UK can apply.
0:25.0	Get tax pots with Monzo Business Pro for £5 a month.
0:28.1	Te's and sees apply.
0:29.4	Welcome to the Jill on Money Coronovirus Market Update. It is Thursday, August 13th,
0:39.8	and we're just going to get right into these questions. We are blowing through them.
0:43.8	I know, I know, we are not getting to them fast enough.
0:47.2	Thank you so much for being patient, really.
0:49.4	We appreciate it.
0:50.4	We really do.
0:51.6	But we do the best we can. If you have a question, ask Jill at Jill on Money.com,
0:56.8	Ask Jill at Jill on Money.com. Here is a question from J.G. I like your advice and most important. I understand you better than all the others. I love that. I have a question. I have a small amount of money invested with fidelity and I want to transfer from an IRA to a Roth IRA.
1:17.0	My concern is that I cashed out half of the money 25 grand just a few months ago because I'm 62 and unemployed for the
1:25.4	past four months and counting.
1:27.8	I put the after-tax money into my checking account, around $8,000.
1:32.8	I'm almost debt free, just one bill to pay of 2,300,
1:36.6	on a payment plan of 50 bucks a month.
	...

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