New 401(k), Pre-Tax or Roth?
Jill on Money with Jill Schlesinger
Audacy
4.6 • 1.9K Ratings
🗓️ 22 August 2022
⏱️ 15 minutes
🧾️ Download transcript
Summary
With a new job and a new retirement plan, should I be using the pre-tax or Roth 401(k) option?
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"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.
Transcript
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| 0:00.0 | Are you ready for a Monzo Business Bank account? Mike from Bluewater Plumbing was. |
| 0:05.0 | I need to get paid quickly, especially when I have five or six plumbing jobs in a day. |
| 0:08.0 | When I first used the payment link feature in my Monzo Business account, |
| 0:11.0 | I was impressed to how quick and easy it was. At the end of each job, |
| 0:14.0 | I'll just create a payment link, send it to the customer, and get paid then and there. |
| 0:17.0 | I can also track all of my payments in my get paid tab. |
| 0:20.0 | If you're ready for a Monzo Business account, apply today. |
| 0:23.0 | Just search Monzo Business, season sees apply. |
| 0:26.0 | Only sole traders or limited company directors in the UK can apply. |
| 0:29.0 | Welcome to the Jill on Money Show. It is Monday, August 22nd. |
| 0:38.0 | And if you are a careful listener of the program, you know it is not Monday, |
| 0:42.0 | August 22nd as I record this because we're on vacation. |
| 0:46.0 | And so Mark has done an amazing job of keeping us focused on putting together |
| 0:53.0 | as many podcasts as we can, getting them in the can so we can take vacation. |
| 0:58.0 | Though Mark and I both recognize that. |
| 1:01.0 | What are we actually taking off in August, Mark? How many, how many weeks, two or three? |
| 1:05.0 | Two or three. I thought the question was three or four. |
| 1:08.0 | Oh, is it three or four? I'm sorry. Which is it? I don't know. |
| 1:10.0 | I don't remember what we decided on. |
| 1:12.0 | We're going to shoot for four ish, but we'll compromise at three if we have to. |
| 1:16.0 | Right. We know we can get three weeks done in advance. |
| 1:19.0 | We may, let's see what's happening in the state of the world. |
... |
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