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Jill on Money with Jill Schlesinger

Non-Deductible IRA or Brokerage?

Jill on Money with Jill Schlesinger

Audacy

Self-improvement, Education, Business, Investing

4.61.9K Ratings

🗓️ 3 December 2021

⏱️ 14 minutes

🧾️ Download transcript

Summary

With a backdoor Roth out of the question, am I better off making a non-deductible contribution into a tradition IRA or using a taxable brokerage account?

Have a money question? Email us, ask jill [at] jill on money dot com.

Please leave us a rating or review in Apple Podcasts.

"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.

Transcript

Click on a timestamp to play from that location

0:00.0

Welcome to the Jill on Money Show. It's Friday, December 3rd. Mark, this is just a mini rant

0:09.9

about how bad certain PR people are. We get a lot of pitches from people, which is

0:17.2

fine with me. I mean, I don't, I don't think it's a bad thing. I really don't. I thought

0:21.8

you would find this one amusing. This is someone who sent this to my CBS email address.

0:29.2

This person's name starts with a K. I'm not even going to say this, the person's name

0:33.5

because it's hysterical. Hello, Jill. I listened to your episode on coaching for leaders.

0:40.5

And really like the sound of what you're doing. Has it led to much traction and specifically

0:45.7

media coverage for you? I'd like to discuss how I can work with you to secure some national

0:51.9

and global press coverage for your work. I don't charge up front. Don't worry. My team

0:58.0

is specialized in working with founders, high growth businesses who have thought leadership

1:02.7

to share with the press. And I'd be happy to talk you through some examples of what we've

1:07.7

done for similar businesses to yours. See, seeing my colleague, if you'd like to talk,

1:13.2

let me know. I don't even know what to say, how stupid this is. She's not even sending

1:18.5

it through our website, right? She's not going to Jill on Money and clicking on it.

1:23.6

She sent it to my CBS news email. Did it not actually strike her as something odd that

1:30.2

she's sending this pitch to get me more national and press attention? I don't understand these

1:36.6

people. They are so lazy. Come on, PR people. Do a better job. All right. I'm done with

1:42.6

my rant. Okay, Kathy is writing in about annuities. And she says, I have a secure pension that

1:48.8

has the option to either take a lump sum or to get an annuity payment for life. The

1:54.6

issue is, if I start taking the payments and I die, my children get nothing parenthetically

2:00.6

gang. This is something that I was really not keyed into until recently when I asked

2:06.8

friend of the pod, Michael Goodman, a question about a friend of mine who had a similar option.

...

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