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Jill on Money with Jill Schlesinger

Should I Tap a CD or My Roth?

Jill on Money with Jill Schlesinger

Audacy

Self-improvement, Education, Business, Investing

4.61.9K Ratings

🗓️ 7 April 2026

⏱️ 15 minutes

🧾️ Download transcript

Summary

I need to come up with some money for the purchase of a new car. Should I us a CD or tap my Roth IRA?

Have a money question? Email us ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠here⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

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Transcript

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0:00.0

Welcome to the Jill on Money Show. It's Tuesday, April 7th, and we are here trying to help guide you through whatever financial issue, or maybe it's not even an issue. That sort of seems negative. Whatever financially is on your mind. Could be good, could be bad. Maybe you got a big raise.

0:22.0

Maybe you're starting a new job.

0:23.7

Maybe you're thinking about retirement.

0:25.4

Maybe you're just starting your career.

0:27.2

Maybe you're calling for a friend, whoever that may be.

0:29.9

Maybe it's you.

0:31.0

Whatever is going on, Mark and I are both certified financial planners, and we really

0:35.7

love hearing from you.

0:37.3

So if you've got something noodling around, just go to jill onmoney.com, click the contact

0:43.2

us button.

0:44.4

Let us know if you would be willing to come on the air live with us by checking the box.

0:48.8

Mark does everything else because he is the best executive producer in the whole wide world,

0:53.6

because in addition to

0:54.6

producing this program and our weekend show and a radio show he also manages the entire website

1:01.1

he also manages my social media he does everything he also puts together our weekly newsletter

1:07.9

which comes out on Fridays and you should subscribe to it because it's free. And free is good. You know that, gang, right? Okay, let's do some emails today, Mark, and you're going to help me out because, you know, I can't do this all by myself. It's much more fun when you join me. So, uh, here we go. This is from Lisa, who writes, the subject, saving for grandchildren's college.

1:29.1

And she writes, I'm concerned about a traditional 529 in that the account will show up in the

1:35.0

child's name and adversely affect FAFSA.

1:39.3

That's the financial aid form.

1:40.7

Any recommendations for tax-free savings for kids?

1:43.9

Mark, we always love the 529.

1:45.8

It is the best way to save for college. But what about Lisa's question for the grandkid?

...

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