Coronavirus: Traditional or Roth?

Jill on Money with Jill Schlesinger

Audacy

Self-improvement, Business, Investing, Education

4.6 • 1.8K Ratings

🗓️ 13 May 2020

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

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Summary

The pandemic has caused people to really take a look at their game plans and see if there's anything they should be doing differently or tweaking, such as changing retirement contributions from pre-tax to post-tax. 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 Coronavirus Market Update and it is Wednesday morning and you know
0:11.5	it's gonna be just another one of these bumpy weeks so let's get down to it if you need any kind of help with your money with your finances you want to understand things going on in the economy You want to try to parse out questions that are
0:25.2	maybe bugging you. Why don't you send us an email? Ask Jill at
0:30.2	Jill on money.com. We want to walk you through this crisis,
0:34.8	but we want to also take some of the stress
0:37.4	and worry off of your shoulders.
0:39.3	If we could do that, then Mark and I
0:41.6	would consider ourselves successful in our mission.
0:44.3	Okay? Let's get into it. Here is our first question from Patricia. The question is,
0:50.4	when interest rates go to zero or below below what happens to your personal money market
0:54.3	account as with Vanguard well your personal money market account is going to go down
0:58.7	to close to zero it's going to look horrible Patricia but if you want to actually find a better or higher
1:05.6	yielding place to put your safe money, one place that we think is a good idea is
1:11.0	to go to deposit accounts.com. deposit accounts.com. It's a great
1:16.6	aggregator. We've really been very pleased with how they do their job and
1:20.7	bank rate also does this as well. So check that out. You might be able to get a higher
1:25.2	yield for your safe money. Tom writes, I filed a paper copy of my taxes on February 3rd and I have not heard or received a thing. I went online to view
1:36.6	the status nothing. Tried to call voicemail, nobody home. What to do.
1:51.0	Oh. nobody home what to do. This is another reason why the paper filing is so bad. I don't think there's a lot to do Tom because we've heard that the paper filings were going to be delayed
1:56.4	We've heard that people who were expecting refunds from those paper filings also going to be delayed
2:06.8	I guess you could try to send an email maybe? I don't know. I think it's going to be a while for you and I wouldn't worry too much. Hopefully this is a good lesson, not a lesson, but maybe a takeaway from this period of time is we've got to stop filing things by paper. We must start to electronically file.
2:23.0	Please, please, please try to do this.
	...

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