How to Invest Extra Money
Jill on Money with Jill Schlesinger
Audacy
4.6 • 1.9K Ratings
🗓️ 26 March 2019
⏱️ 10 minutes
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Summary
While it's true that interest rates for savings accounts and CDs are on the way up, that doesn't necessarily mean it's a good excuse to keep 200k sitting in the bank. That's the discussion with Jackie on the latest call of the week.
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| 0:00.0 | Welcome to the Jill on Money call of the week. Remember you've got two chances every week to get on the air. Tuesdays we do this neat call and then sometimes we pop a call in after our longer interview on Thursdays. If you have a financial question, just email us ask Jill at Jillonmoney.com ask jill at jillonmoney.com that is what jackie did she is calling |
| 0:26.5 | from new york hello jackie what can i do for you hi jill thanks so much for taking my call um i just need |
| 0:33.6 | help deciding what would be the next best steps toward my retirement savings. Okay. |
| 0:38.3 | I've got a pretty significant amount of money to send a savings account that's not doing anything. |
| 0:42.6 | So I'm not sure what I should do to make, possibly make some money for myself. |
| 0:47.1 | Okay. |
| 0:47.5 | First of all, how old are you? |
| 0:49.6 | 39. |
| 0:50.3 | 39. |
| 0:51.4 | Okay. |
| 0:52.7 | And tell us more about yourself. |
| 0:54.5 | Single, married? |
| 0:56.3 | I just got married, actually, very recently. |
| 0:59.3 | Background as I rent my place, I lease my car. |
| 1:01.8 | I don't have any debt. |
| 1:03.0 | I don't have any kids. |
| 1:04.2 | None of those things that cost a lot of money. |
| 1:06.6 | Yes. |
| 1:07.1 | Over time. |
| 1:07.7 | Okay. |
| 1:08.4 | How much do you earn right now, Jackie? |
| 1:11.6 | $100,000 plus I usually get a bonus of about 30. |
... |
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