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Jill on Money with Jill Schlesinger

How to Invest Extra Money

Jill on Money with Jill Schlesinger

Audacy

Investing, Education, Business, Self-improvement

4.61.9K Ratings

🗓️ 8 July 2022

⏱️ 10 minutes

🧾️ Download transcript

Summary

With some extra money on hand due to an inheritance, I'm wondering what's the best way to put the money to work?

Have a money question? Email us, ask jill [at] jill on money dot com.

Please leave us a rating or review in Apple Podcasts.

"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.

Transcript

Click on a timestamp to play from that location

0:00.0

Welcome to the Jill on Money Show. It's Friday, July 8th. And we are talking to you at the end of what is for many a big vacation week. And I hope if you are on vacation, you've had a good week. And if you are not on vacation, I hope you're making some plans to figure out how to take some time for

0:21.0

yourselves because it is good to recharge those batteries.

0:25.2

It really is.

0:26.2

So I encourage that.

0:27.9

Jill V for vacation, Schlesinger.

0:30.8

That's my prescription for the summertime.

0:33.5

If you would like to ask us your financial questions, all you need to do is go to our website,

0:38.8

jillonmoney.com, and click the contact us button.

0:43.0

And while you're there, of course, you can sign up for the free weekly newsletter.

0:46.2

It comes out every Friday.

0:47.5

So today you would be getting your free weekly newsletter if you are a subscriber.

0:51.8

So subscribe.

0:53.1

Today we are joined by Greg, who is on the line from

0:57.7

Buffalo, New York. Greg, are you excited about your new stadium that will be built?

1:03.1

Oh, I haven't been to a Bill's game in years, but yeah, it would be nice.

1:06.2

That'd be nice, right? I figure. It's all right. What can we do for you today, Greg?

1:10.7

Well, I just had a question. I have some extra money. I was wondering where I could invest it or what the best place to put it would be. Okay. Tell us about yourself. How old are you?

1:20.6

I'm in my early 50s. I'm retired from the Navy after 22 years. So I have my pension there and both of my parents unfortunately

1:29.5

recently passed. So I have a pretty good chunk of money. I'd like to invest somewhere.

1:37.5

I do have a second career and my 401k is maxed out at my job. So I'd just like to put that money to work somewhere.

1:45.6

Okay. You're retired from the Navy. What's your pension amount? About 2,400. And then how much

1:51.9

you earning now in addition to that? Just under 70. Great. And you're maxing at your 401k? That's

...

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