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Jill on Money with Jill Schlesinger

Coronavirus: Pre-Tax or Roth?

Jill on Money with Jill Schlesinger

Audacy

Self-improvement, Business, Investing, Education

4.61.8K Ratings

🗓️ 21 July 2020

⏱️ 12 minutes

🧾️ Download transcript

Summary

Good news, your workplace retirement plan offers both a traditional pre-tax and a Roth option. You're hearing conflicting things about which one to use, so what do you do? You email the Jill on Money show! 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

Welcome to the Jill on Money Corona virus Market Update. It is Tuesday, July 21st and we are very

0:11.9

grateful that you are joining us today.

0:14.0

There's a heat wave if things are hot sticky where I am.

0:19.0

I hope you're staying cool

0:21.0

and I hope that you're staying cool when it comes to your

0:23.6

financial life if you've got a financial question if you've got an economic

0:28.2

question you don't understand something going on in the universe why don't you give

0:31.4

us a shout our email address is ask Jill on money.

0:33.0

our email address is Ask Jill at Jill on Money.com.

0:37.0

Ask Jill at Jill on Money.

0:40.0

This is from Anne who writes,

0:41.0

many thanks to you and the team that that's Mark, we are a team of two.

0:45.9

It's almost like we're a mixed doubles team, Mark. That's the way we should think of ourselves.

0:50.0

Many thanks to you and the team for what you do and all the knowledge and wisdom you share with us.

0:54.4

I don't have a specific question, but I did want to add a little something about the donor advised

0:59.6

fund topic for the next time it comes up.

1:02.0

Oh, I love these donor advised funds, by the way. It's a great way to give money away.

1:06.0

And it's really easy to do and a lot of the big major investment houses have them. It just gives you a lot of control over your charitable giving.

1:14.0

Okay, but Anne writes, it could be helpful to mention that community foundations

1:18.6

commonly have the ability to provide a donor advised fun. That's kind of cool. That's a good thing to remember

1:25.1

especially because a lot of people want to reach out and give money to their own communities

1:29.5

and these community foundations are great because they act as a funnel and they do a lot of vetting for people.

...

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