Mailbag: Financial advice for the recently retired, plus resources for teaching your kids about money.

HerMoney with Jean Chatzky

Jean Chatzky Her Money

Investing, Entrepreneurship, Business

4.8 • 1.3K Ratings

🗓️ 3 May 2024

⏱️ 17 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this special Mailbag edition, Jean and Kathryn Tuggle, HerMoney CCO, are on the mic answering questions from our listeners. First, we hear from a recently retired listener who has all of her money in Certificate of Deposits (CDs) and is wondering what to do next. We also hear from someone who is looking for resources that can help teach her three kids about money. Join the HerMoney community! For the latest episode drops and financial news-you-can-use, subscribe to our newsletter at Hermoney.com/subscribe! Takeaways: A financial advisor can help you understand your current investments and make your money last in retirement Work with a fee-only financial advisor who is not paid by commissions for selling specific investments Teaching kids about money involves teaching them about investing and managing the money they have. Setting up a system like an electronic allowance can help kids learn how to budget and make choices with their limited resources. Kids should learn the value of money, how to budget, and how to save Chapters: 00:00 Introduction 04:50 The Benefits of Daily Money Managers 06:52 Financial Advisor Recommendations 09:17 Teaching Kids About Personal Finances 12:08 Opportunities for Kids to Earn and Manage Money 13:21 Teaching Kids About Credit and Investing 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.
0:06.0	Her money is proudly sponsored by Edelman Financial Engents.
0:10.0	Every day we plan and save for our futures, but are you taking into account tax strategies
0:15.3	when dealing with your investments?
0:17.5	I know, it's not something we think about often enough.
0:20.6	But you can find ways to save and invest more and better plan for your future.
0:26.0	Visit plan EFE.com slash Her Money to schedule your complimentary wealth checkup today.
0:33.0	This episode is brought to you by Oracle.
0:36.0	AI is storming every industry, but how do you compete without costs spiraling out of control?
0:42.0	Time to upgrade to Oracle Cloud Infrastructure, or OCI.
0:46.7	OCI is one efficient platform for your infrastructure,
0:50.2	database and application development
0:52.0	with AI built in.
0:53.2	Do more and spend less like Uber, the Premier League and Oracle Red Bull Racing.
0:58.2	Take a free test drive at Oracle.com.
1:01.2	slash Spotify.
1:08.4	Hey everyone, thanks for joining me today on her money. Today we bring you another of our ever popular mailbags,
1:13.2	Catherine Tuggles, in the house.
1:15.7	Actually, she's not in the house.
1:17.6	She's in Alabama.
1:19.1	I'm in the house, but she's here with me.
1:21.8	Nice to see you, Catherine.
	...

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