Inherited IRA, Car Leases, Can I Retire?
Jill on Money with Jill Schlesinger
Audacy
4.6 • 1.9K Ratings
🗓️ 23 June 2018
⏱️ 7 minutes
🔗️ Recording | iTunes | RSS
🧾️ Download transcript
Summary
On this quick bonus episode we're answering some emails about retirement planning, inherited IRAs, asset allocation and car leases. Have a money question? Email me here. “Better Off” is sponsored by Betterment. We love feedback so please leave us a rating or review in Apple Podcasts. "Better Off" theme music is by Joel Goodman, www.joelgoodman.com. Connect with me at these places for all my content: http://www.jillonmoney.com/ https://twitter.com/jillonmoney https://www.facebook.com/JillonMoney https://www.instagram.com/jillonmoney/ https://www.youtube.com/c/JillSchlesinger https://www.linkedin.com/in/jillonmoney/ http://www.stitcher.com/podcast/jill-on-money https://apple.co/2pmVi50
Transcript
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| 0:00.0 | Welcome to the Better Off Bonus Bonus Question of the Week. |
| 0:08.0 | We're sponsored by Betterment the largest independent online financial advisor. |
| 0:13.0 | So here's what happens. |
| 0:14.4 | We get a pile of emails that are building up |
| 0:17.7 | and we just can't get every single person on the show |
| 0:20.8 | and some people don't want to come on the show so we figured we would drop a few extra |
| 0:24.8 | episodes throughout the summer sprinkled around maybe on the weekend so this is your |
| 0:30.1 | bonus bonus that's the deal Let's go out and start fielding these. This is from |
| 0:36.0 | David who is 66 years old. He's retired for a couple of years. He's got all of his IRA |
| 0:42.2 | investments in stock mutual funds so he could |
| 0:44.8 | get continued growth. |
| 0:46.6 | And now he writes, that being said, a recent article that you wrote is scary. |
| 0:51.5 | You say you're hoping for a recession and the reason I'm |
| 0:54.8 | hoping for it is that just because we know it's going to come. So it's almost like |
| 0:58.0 | being on the roller coaster, you know the downward move is going to come and |
| 1:01.8 | you just want to get it over with. So I kind just want to get it over with. |
| 1:03.2 | So I kind of want to get it over with. |
| 1:05.1 | The reality is what David says, although you say a recession may only last a year or |
| 1:09.8 | two, the consequences can last much much longer. |
| 1:13.0 | Teacher's salaries, no raises for eight years, look at the national debt, the annual debt. |
| 1:17.0 | That being said, I was more comfortable under the slow growth years of Obama and more feelful under the tax reform of Trump that could create a massive train |
| 1:24.7 | wreck. |
... |
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