Happy Memorial Day weekend! Please, please take a moment or two sometime this weekend to remember all those who have paid the ultimate sacrifice while serving our country. Without them, none of it is possible.
We started the show this week with Dennis from Minnesota who is planning on retiring next year and is in the process of putting the finishing touches on his retirement plan and wanted to run it by us.
Next up was John from Connecticut who is being pitched a whole life insurance policy by his financial advisor. Is such a policy in the best interest of John? Should he buy it? Or pass?
Next up, you guessed it, we wrapped up the hour by answering a handful of emails.
“I’m just bad with money!” I know that many have convinced themselves that they were born with a recessive money management gene, but financial planning can be learned, like anything else. That’s the message of This Is the Year I Put My Financial Life in Order. In a book that is part financial memoir and part research-based guide to attaining lifelong security, New York Times reporter John Schwartz bares his financial soul.
Schwartz and his wife, Jeanne, are upper middle class earners, who have been on a financial rollercoaster. Sharing his own alternately harrowing and hilarious stories, from his brush with financial ruin and bankruptcy in his thirties to his short-lived budgeted diet of cafeteria food, John will walk you through his own journey to financial literacy, which he admittedly started a bit late.
He covers everything from investments to retirement and insurance to wills (at fifty-eight, he didn’t have one!), medical directives and more. Whether you’re a college grad wanting to start out on the right foot or you’re approaching retirement age and still wondering what a 401(K) is, this book will help you find your financial way.
So if you are like the countless others who are a bit tentative when it comes to money matters, but are willing to learn before it’s too late, this book should help improve your financial literacy.
Have a money question? Go to jillonmoney.com for all the contact info.
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“Jill on Money” theme music is by Joel Goodman, www.joelgoodman.com.