Vest Without the Stress: Mastering Job Transitions and Vesting Schedules

NerdWallet's Smart Money Podcast

NerdWallet Personal Finance

Business, Education, Investing, How To

4.2 • 665 Ratings

🗓️ 21 October 2024

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

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Summary

Learn how to navigate job changes, maximize retirement benefits, and celebrate personal and financial accomplishments. How should you navigate job changes when it affects your retirement benefits? What options do military spouses have for saving for retirement? Hosts Sean Pyles and Sara Rathner discuss managing unvested retirement funds to help you understand how to make the most of your employment benefits. They begin with a discussion of the importance of celebrating success after working towards a goal, financial or otherwise. Then Sean talks to Lacey Langford, an accredited financial coach and founder of MILMO, a platform to help the military community better their finances, about tips and tricks for financial planning for military families. Lacey helps Sean answer a listener’s question about changing jobs, discussing how vesting schedules work, how to negotiate benefits with employers, the challenges of frequent relocations, how to maximize retirement savings through IRAs and spousal IRAs, and the importance of tapping into community and government resources to build financial stability. In their conversation, the Nerds discuss: retirement benefits, 401k vesting, job changes and retirement, military spouse financial planning, saving for retirement, how vesting schedules work, spousal IRA, financial tips for military families, retirement savings options, navigating job changes, maximizing employer benefits, retirement planning, emergency savings, career transitions, negotiating with employers, military spouse benefits, financial stability, investment strategies, saving for the future, IRA contributions, how to handle job transitions, individual retirement accounts, and navigating career changes. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [email protected]. Like what you hear? Please leave us a review and tell a friend. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:30.2	Did you hear my dog go through the dog door? But you're like a bird chirping.
0:34.7	It's the crickets. It's like you're recording this in the woods.
0:40.3	Yeah, except it's my gecko's food that he hasn't eaten yet.
0:44.3	Oh, that's disgusting.
0:46.3	Okay.
0:47.3	Bugs about 20 feet away from me in a terrarium.
0:49.3	Okay, let's move on.
0:51.3	Hey, Sarah, what's the last thing you did that you are really proud of,
0:55.3	either financially or personally? Honestly, I recently made it through this like hellish two-week
1:01.3	period where multiple major things in my house broke, like our refrigerator. And then my kid
1:06.8	caught hand, foot and mouth disease, which meant I also caught hand foot and mouth disease.
1:11.3	And I don't recommend it, honestly.
1:13.8	Yeah.
1:14.3	Take your word for it.
1:16.4	Everybody in my household made it out on the other side with a little bit of less money,
1:20.4	a little bit more sore throat, but we are still on speaking terms.
1:23.8	So I consider that to be a win, honestly.
	...

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