Coronavirus: Should We Reallocate?

Jill on Money with Jill Schlesinger

Audacy

Self-improvement, Business, Investing, Education

4.6 • 1.8K Ratings

🗓️ 28 August 2020

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

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Summary

Nothing like a completely wacky year on Wall Street to get you wondering if you should reallocate to a more conservative portfolio, especially if you're approaching retirement. 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 Coronovirus Market Update. It is Friday, August 28th and
0:10.6	Psych out. No, it's not Labor Day weekend. I know you kind of thought that it's not so get
0:16.0	over it sorry about that I always get this wrong when the first Monday falls like that weekend. So Labor Day is not until
0:25.2	September 7th. If you have a financial question we'd love to hear from you send us an
0:30.1	email it's Ask Jill at Jill on Money.com that's Ask Jill at Jill on Money
0:37.1	dot com. Give us a shout you can do it from the website you can do it from
0:41.4	email. Chelsea writes I've been enjoying your podcast for a few years now.
0:46.2	It's the first time I'm submitting a question.
0:48.4	Yay!
0:49.2	She wrote Yay.
0:49.9	I didn't write Yay.
0:51.0	I'm 36.
0:52.3	My husband's 38. We've got two young kids. We are both still employed, but both
0:58.0	organizations we work for recently eliminated matching retirement plan
1:02.4	contributions.
1:04.1	Since opening his retirement account several years ago, my husband has been maxing out his
1:08.0	personal contributions each year and getting the fullest match possible.
1:12.3	I started a new job earlier this year that offered a Roth 401k.
1:16.0	At the time the company had a modest match so I decided to contribute just enough to get
1:20.8	their match no more. Since our employers have now eliminated their retirement fund matching programs,
1:26.0	we're trying to decide what, if any, changes we should make to our personal contributions.
1:31.0	We're seriously considering entirely stopping my husband's
	...

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