Is Our Advisor Worth the Fee?

Jill on Money with Jill Schlesinger

Audacy

Self-improvement, Business, Investing, Education

4.6 • 1.8K Ratings

🗓️ 27 October 2020

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

When you're getting charged a pretty hefty fee, and you're not terribly please with the service, it's only natural to wonder if there are better alternatives. Have a money question? Email me here. Please leave us a rating or review in Apple Podcasts. "Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com. To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	Welcome to the Jill on Money Podcast. It is Tuesday, October 27th. One week to go
0:10.4	before the election? What election?
0:13.0	Okay, just kidding.
0:14.0	And many weeks to go before we get out of this COVID crisis
0:20.0	and I just want to remind everybody, you know, we started doing these daily broadcasts to hold your hand through this situation, through this volatility.
0:30.0	And the situation really has has transformed all of us and I know that many of you have
0:36.8	taken hits in your financial life in your real life. We are here for you. If you have a financial question, we'd like to help you out.
0:44.8	All you have to do is send us an email. Ask Jill at Jill on Money.com. Ask Jill at Jill on Money.
0:52.1	com. Okay, let's start with Jill on money.com.
0:53.2	Okay, let's start with an email from Cynthia who writes that she is a 47 year old single mom
0:59.7	looking for retirement advice. Okay. I make between a hundred and a hundred fifty thousand
1:05.0	a year working five jobs. Geez Louise. I have $30,000 left on my mortgage, very little bit saved for my kids college.
1:17.0	I've got old 401k's IRA Roth IRA accounts. My current full-time employer offers a Roth 403 B through VoIA as well as a
1:27.4	non-Roth option that they will match up to 4%. I hear the fees are high and often the investments are not optimal with
1:34.5	403 B's but I didn't think it was an annuity like many people state. Oh it is an
1:39.9	annuity if it's voye. I bet it is. Based on my income and age, what would you recommend
1:44.3	as the best option for building my retirement savings? In addition, I understand
1:48.6	many financial advisors recommend putting 15 to 20 percent of income into retirement, but aside from my emergency fund, I have very little in liquid assets.
1:57.0	Would it be inadvisible for me to split between retirement and non-retirement accounts?
2:01.0	I hope I don't have to work all five jobs until I retired. I'm tired. I bet you are. God dang it. Unbelievable, Mark. Thank you for all you do to help guide us to financial success. Cynthia, you're unbelievable. You're like
2:13.9	God damn wonder woman. Okay, if you make between a hundred and a hundred fifty
2:19.5	thousand dollars a year and you're working five jobs, I agree you do need to do a little bit of both.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Audacy, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Audacy and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.