Jean Chatzky’s Money Moves To Make Before The End Of The Year

HerMoney with Jean Chatzky

Jean Chatzky Her Money

Investing, Entrepreneurship, Business

4.8 • 1.3K Ratings

🗓️ 20 December 2024

⏱️ 16 minutes

🔗️ Recording | iTunes | RSS

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Summary

As 2024 comes to a close, it’s time to take control of your money and set yourself up for an even better 2025. How to do it? We’ve got nine actionable steps from HerMoney CEO Jean Chatzky. From rebalancing your investment portfolio after a booming stock market year, to making sure your cash is earning its keep in high-yield savings accounts, we share how to optimize your money. Takeaways: Gains in tech stocks may have caused your asset allocation to shift, increasing risk. Rebalancing protects you if the market dips. Shop for high-yield savings accounts, CDs, or annuities with rates around 4-5% before rates drop further. Offset capital gains by selling underperforming investments. Learn more about our Finance Fixx program here. Use code PODCAST for a $100 discount. Interested in learning more about investing alongside hundreds of other women? Join us every other Monday night on Zoom at investingfixx.com. Have a question for us? Write to us 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! Use promo code HERMONEY at the link below to get an exclusive 60% off an annual plan at https://incogni.com/hermoney. The HerMoney with Jean Chatzky podcast is sponsored by Edelman Financial Engines. The podcast team and its host are neither employees nor clients of EFE, however, the show does receive fixed compensation and is a paid endorser and therefore has an incentive to endorse EFE and its planners. To learn more about the sponsorship, please visit PlanEFE.com/HerMoney. Please contact [email protected] if you would like to advertise on our podcast, and to learn more about Airwave, head to www.airwavemedia.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	You're listening to an Airwave Media podcast.
0:05.5	Hermony is proudly sponsored by Edelman Financial Engines.
0:09.6	Edelman knows just how important it is to be prepared for whatever life hands you.
0:15.3	Do you have a strategy to help protect your wealth and your family?
0:19.5	Visit plan eFE.com slash her money to learn more about what
0:23.9	you need for your financial situation with a complementary wealth checkup.
0:31.6	Hey, want to hear a PC game pass advert? Oh, I'll take your silence as a yes. Want you games on
0:37.0	day one like Call
0:37.8	of Duty Black Ops 6 or Stalker 2? I thought so. How about unlocking all the League of Legends
0:42.9	Champions when you link your Riot Games account or for one low monthly price? Well guess what?
0:47.7	We got you. Learn more at Xbox.com slash PC Game Pass. Stalker 2 available November 20th,
0:53.4	20th, 24. Game catalog varies by region and overtime. And yeah, that's the end of the script.
1:02.0	Hey everyone. Thanks so much for joining us today on Hermione. I'm Gene Chatsky. So the curtain's about to close on 2024, but it's not too late to make some smart money moves before we ring in the new year.
1:14.8	This is the perfect time of year to take a good look at your finances and make important moves that not only help you right now, but also sets you up for a much stronger 2025.
1:24.4	What was really interesting as far as 2024 is concerned is that by the numbers,
1:32.4	it has been actually pretty incredible. If you look at the markets, for example, and this was
1:37.5	in late December, the Dow Jones Industrial average was up about 18, 19 percent year to date.
1:46.3	The S&P, 28 percent year to date.
1:48.9	The NASDAQ 32, 33 percent year to date.
1:53.6	Those are huge numbers.
1:55.5	And the economy, it's not doing too badly either.
2:00.6	Inflation over the year fell from 3.4% to 2.6%.
	...

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