How to Allocate Savings vs. Retirement?
Jill on Money with Jill Schlesinger
Audacy
4.6 • 1.9K Ratings
🗓️ 27 October 2022
⏱️ 17 minutes
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Summary
With two recent raises hitting our household, how should be allocating the extra cash flow? Should it all go into retirement accounts?
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Transcript
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| 0:00.0 | Welcome to the Jill on Money Show. It's Thursday, October 27th. And we are here answering |
| 0:09.5 | financial questions. You know why? Because we love it. It's so much fun for us to do this. |
| 0:14.1 | I was very much excited, Mark, because I happen to notice that we rolled through an anniversary |
| 0:19.7 | that we did not celebrate. I had to tell you that on the radio show, we have a weekend radio |
| 0:24.7 | show. I don't know if you realized it, but over the summer we did our 600th show. It was fast, |
| 0:29.4 | like that crept up on us. But now all of a sudden, you know, we've been doing this daily podcast |
| 0:34.8 | since just the beginning of COVID. So I think our first day that we were like, okay, we're doing |
| 0:41.3 | this more than twice week was March 14th of 2020. And we just keep doing it day after day because |
| 0:48.4 | Mark and I are voyeur as we love hearing what's going on in your financial lives. And we think |
| 0:55.0 | you're compelling. You know, it's great about it. We used to have guests in all. And I like my |
| 0:59.5 | guests. Believe me, I sometimes I really do like having like a deep dive, you know, kind of wonky |
| 1:04.8 | conversation. But there's nothing better than hearing your voices on the air with us. And we |
| 1:12.4 | just get down to it. So we're we're really psyched and we love talking to you. And if you've got |
| 1:17.5 | a financial question, all you need to do is go to our website Jill on Money.com. Click the |
| 1:21.8 | contact us button. Don't forget to let us know if you would be willing to come on the air. |
| 1:26.7 | And today we have a recidivist listener. It's Christian from Virginia. And Christian, |
| 1:33.1 | why did you get in touch with us to begin with way back when? Wow. Okay. So this is probably the |
| 1:39.0 | third time that I've talked with you guys. The first time was an email. You answered the email. |
| 1:44.3 | And that was probably trying to figure out something with allocation in our Roth IRAs. |
| 1:49.6 | And so you encouraged Justin Max out of Roth IRAs, which we did and was very smart. |
| 1:54.2 | Yeah. Then the second time it was figuring out allocations in normal retirement funds. |
| 1:59.6 | And the advice has been good so far. So I came back. Oh my god. I mean, Mark, if that's not proof |
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