Coronavirus: Lump Sum or Annuity

Jill on Money with Jill Schlesinger

Audacy

Self-improvement, Business, Investing, Education

4.6 • 1.8K Ratings

🗓️ 28 May 2020

⏱️ 11 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

What's the better option, a lump sum payment or a lifetime annuity? Well, the answer depends on a variety of circumstances, such as the company, your health, etc. 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 Coronovirus Market Update. It is Thursday. That means we'll be getting your weekly jobless claims today.
0:13.2	Hopefully we're starting to see that edge down some.
0:16.4	It's still pretty serious.
0:18.4	So hopefully it won't be as bad as what we saw even just a few weeks ago.
0:23.4	Fingers cross that we get a weekly claims number,
0:26.1	at least under 2 million.
0:27.7	Boy, that would make me feel a lot better.
0:29.4	Can't believe the 2 million seems like a good number.
0:31.8	God, have times changed.
0:33.8	Anyway, this is the program that is trying to walk you
0:36.8	through this virus, this pandemic,
0:39.5	and the financial fallout associated with it.
0:42.1	If you've got a financial question, please just send us an email.
0:46.0	Ask Jill at Jill on money.com. That's Ask Jill at Jill on money.com. You can always get to us from our website Jill on Money
0:54.5	as well. All right, Joe writes, I absolutely love your podcast, especially in
1:00.6	these crazy times. I'm 26 years old. I have a full six months emergency fund.
1:06.2	I make $66,000 a year. I max out my Roth IRA every year and I'm currently contributing 13% to my Roth 401k.
1:15.8	Should I be putting a percentage of those 401k contributions into a traditional 401k?
1:22.0	I already have some money in the traditional from a few years back, but should
1:26.1	I put more in it? I'm thinking 7% Roth, 6% traditional. Your thoughts? Thank you so much for keeping up
1:32.1	with the daily episodes. It's been awesome.
1:34.6	Well, Joe, I think no. I think all Roth all the time. I think that you're going to be
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Audacy, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Audacy and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.