“I make $150k a year and put $1k into retirement every month. What else should I be investing in?”

HerMoney with Jean Chatzky

Jean Chatzky Her Money

Investing, Entrepreneurship, Business

4.8 • 1.3K Ratings

🗓️ 11 April 2025

⏱️ 23 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

This week, we’re bringing back expert investor Jenny Van Leeuwen Harrington for a special mailbag episode. She’s answering all of your excellent saving and investing questions—from how to start investing outside of a retirement account to making the most of a short college savings window to figuring out which account to draw from in retirement. Whether you're just getting started investing or reassessing your strategy later in life, Jenny and Jean break down the decisions that matter most—and remind us that successful investing is more about time in the market than picking the perfect stocks. Mailbag Questions: [1:30] “Is 59 too late to open a Roth IRA, and what should I invest in?” [5:00] “We have 3 teens and not much saved for college yet. Where should we start?” [7:30] “I'm a retiree, and I’d like to start pulling money on a monthly basis. Which account should I pull from first?” [11:30] “I make $150,000 a year and put $1,000 into my 401k every month. If I want to retire in 15 years, what else should I be investing in?” Looking for more financial confidence? 🚀 FinanceFixx – Our 4-week or 8-week coaching program to get your finances on track! 📈 InvestingFixx – A club for women ready to grow their wealth Have a question for us? Write to us (or send us a voice note!) at [email protected]. While you’re at it, join the HerMoney community! For the latest episode drops and financial news-you-can-use, subscribe to our newsletter at Hermoney.com/subscribe! Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:24.0	Adobe Express, the quick and easy create anything app.
0:32.2	When you take the best investment advice from the best investors of all time,
0:36.8	not one's talking about asset
0:38.1	allocation no one's time about buying u.s versus international not once about how to invest in venture
0:43.5	cap they're all just talking about behavior hey everyone i'm jean chatsky thanks so much for joining us
0:50.6	today on her money for a very special mailbag chat with Jenny Van Luen-Harrington.
0:55.8	I hope that you all had a chance to catch our earlier episode, which was really a 101 on
1:04.1	dividend investing and why dividend income stocks can be a great option to add to your portfolio in uncertain times
1:13.0	or any time you want to make sure that you've got some really predictable income rolling in.
1:20.3	We heard from many of you who have questions about how to invest outside of your retirement
1:25.4	account when you're in different stages of your life,
1:27.9	where you should be pulling money from as you retire. And where's even the best place to save
1:33.4	for your kids' college education as you get closer to them leaving the nest? So, Jenny, you ready
1:40.1	for a whole panoply of questions? I'm super excited, actually.
1:45.6	Oh, good. All right. Well, the first one comes to us from an anonymous listener who is wondering
1:51.0	how to best invest pre-retirement. She says, I'm nearing retirement and I've never invested outside
1:58.9	my workplace simple IRA. I'd like to open a Roth IRA
	...

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