Jill on Money with Jill Schlesinger Anxiety Around My Finances
Jan 6, 2025
Explore the roots of financial anxiety and how early education shapes adult money habits. Discover smart strategies for retirement and effective debt repayment. Learn about investment management and the value of education savings plans, such as 529s. The discussion emphasizes the need for adaptability in finances and the significance of working with a financial advisor for personal stability. Plus, gain insights into the balance between family finances and future planning.
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Lack of Early Financial Education
- Bill learned financial lessons independently due to a lack of parental guidance.
- He seeks to improve his financial trajectory for himself and his wife.
Emergency Fund Advice
- Bill admits to having a smaller emergency fund than ideal, relying partly on a HELOC.
- Jill gently suggests increasing the emergency fund.
Roth 401(k) vs. Brokerage Account
- Bill asks about using a Roth 401(k).
- Jill initially suggests prioritizing non-retirement assets but later reconsiders, favoring Roth contributions due to Bill's high savings rate and anticipated inheritance.