Mailbag: What to do when your employee terminates your pension, plus how to kick off your freelance writing career.

HerMoney with Jean Chatzky

Jean Chatzky Her Money

Investing, Entrepreneurship, Business

4.8 • 1.3K Ratings

🗓️ 27 September 2024

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today we are bringing you two mailbag questions with our incredible listeners. First, we'll be talking to Beth. She is calling in from upstate New York. Beth is in her early 60s and her company's made the decision to terminate employee pensions, which has left her with some options: Should she take the lump sum? Should she roll it over? We'll dive into some timely advice for her. Then we'll be talking to Sarah. She is wondering how best to start a side hustle as she transitions out of her long-time career as a healthcare executive. Chapters: 1:00 Mailbag Question 1: My pension is being terminated, help! 5:00 Retirement Annuity Option 8:00 Lump Sum Option 18:00 Mailbag Question 2: How do I get paid for freelance writing? 27:00 Starting A Blog or Substack Have a personal-finance question for us or want to jump on a call with Jean so you can get all of your follow-up questions answered? Write in at [email protected]. Take the MoneyType quiz here and listen to our MoneyType episode for a deep dive here. Learn more about our Finance Fixx program here and join our next pre-retiree session starting October 7th. Use code PODCAST for a $100 discount. Thank you to Gainbridge® for supporting the HerMoney podcast. Gainbridge® created ParityFlex™, a multi-year guaranteed annuity, to offer women security and flexibility at a time when they need it the most—retirement. Learn more about ParityFlex™ here. 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. Use promo code HERMONEY at the link below to get an exclusive 60% off an annual plan at https://incogni.com/hermoney. Grab the exclusive NordVPN deal ➼ https://nordvpn.com/hermoney and get extra subscription time. Try it risk-free now with a 30-day money-back guarantee. Thanks to NordVPN for sponsoring our show. 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 Engines.
0:09.0	When we look ahead to retirement, one big question, big is are you doing everything you can to maximize
0:17.3	your Social Security benefits and save for the future?
0:21.2	It's time to make sure your plan is rock solid.
0:24.0	Visit plan E.F.com slash Her Money to learn more about specific ways to do just that
0:30.0	with a complimentary wealth checkup.
0:37.0	Hey everyone, I'm Jean Chatsky. Thanks so much for joining me today on Her Money.
0:41.0	Today we are bringing you two mailbag questions with our incredible
0:46.1	listeners. First we'll be talking to Beth. She is calling in from upstate New
0:50.4	York. Beth is in her early 60s and her companies made the decision to
0:55.1	terminate employee pensions which has left her with some options should she
1:00.6	take the lump sum should she roll it over, we'll dive into some timely advice for her.
1:07.2	Then we'll be talking to Sarah. She is wondering how best to start a side hustle as she transitions out of her longtime career as a health care executive.
1:18.0	But before we get into it, we're going to take a quick break.
1:23.4	Her money is proudly sponsored by Edelman Financial Engines.
1:27.0	Retirement is on the horizon and when we talk about saving and investing to prepare for
1:32.0	our future, we also have to talk about Social
1:34.7	Security.
1:36.0	It is an important part of our financial futures, but too many of us don't do enough to
1:41.8	maximize our Social Security benefits.
1:45.0	That's why it may be time for a wealth checkup to help make sure your strategies are the best
	...

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