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Jill on Money with Jill Schlesinger

Do I Need Long-Term Care Insurance?

Jill on Money with Jill Schlesinger

Audacy

Self-improvement, Business, Investing, Education

4.61.8K Ratings

🗓️ 14 October 2020

⏱️ 9 minutes

🧾️ Download transcript

Summary

Do you need long-term care insurance? There's no one-size-fits-all answer, as each case depends on your unique situation. 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 Podcast. It's Wednesday, October 14th, the second day of Amazon Prime

0:10.0

Day. I mean, it's really going to end up being like a holiday for goodness sakes. It is the

0:14.4

beginning of the holiday season as far as I'm concerned and by the way if you

0:19.6

look at the numbers Bloomberg and Harris they a poll, and one of the things that they found in

0:25.8

this is that about half of the American surveyed in this poll said they're going to be purchasing

0:30.6

gifts mostly or entirely online. So no more walking into the stores for

0:37.1

most people so good luck with that and if you want to deal with something besides

0:42.4

spending money,

0:43.4

gosh, we'd love to help you with any money questions

0:46.6

that you have.

0:47.6

So let's get to those questions right now.

0:51.6

And we will start here from Linda who writes I listen to you on

0:56.8

wood radio in Grand Rapids Michigan love wood radio Mark you know it's one of my

1:01.5

favorite stations.

1:03.0

And Linda says, we need your professional help.

1:05.6

My husband has been let go from his employer

1:08.0

after a long career due to job cuts because of COVID.

1:11.8

He has a retirement account with the company. It's got about

1:14.0

$36,000 in it. We were told we have to move it out of there and into another

1:20.0

account. Where do we put it? Thank you, Linda. The first thing you do is you are going to

1:27.3

open an IRA rollover account and you can do that in lots of different places. So you can do it at Charles Schwab, you can do it at Fidelity, you could do it at Vanguard, you could do it at TD Ameritrade, T-ROT price, and all you're going to do is you're going to take that $36,000 and it's going to

1:47.3

roll automatically from your husband's current plan into that new account.

...

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