NerdWallet's Smart Money Podcast

Learn how to respond to market volatility, the risks of private credit investing, and key tax updates for 2025.Should you adjust your 401(k) amid uncertain market conditions? How do you decide between the standard deduction and itemizing on your taxes? Hosts Sean Pyles and Elizabeth Ayoola discuss stock market volatility and tax season essentials to help you make smarter financial choices. NerdWallet senior news writer Anna Helhoski and investing writer Sam Taube, join Sean and Elizabeth to discuss recent stock market swings, covering how new tariffs on major trade partners are affecting the economy. They provide insights into why markets react to policy changes, the risks of panic-selling investments, and strategies for how you can maintain a steady financial course through uncertain or turbulent times. Then, NerdWallet tax writer Bella Avila joins Sean and Elizabeth to answer listeners’ burning tax questions, including explaining key filing deadlines, recent tax bracket changes, and when it makes sense to itemize deductions instead of taking the standard deduction.NerdWallet’s federal income tax calculator: https://www.nerdwallet.com/calculator/tax-calculator Use NerdWallet’s dividend calculator to estimate your long-term returns and tax liability on a dividend stock, assuming dividends are reinvested: https://www.nerdwallet.com/calculator/dividend-calculator Learn about qualified and nonqualified dividend tax rates: https://www.nerdwallet.com/article/taxes/dividend-tax-rate In their conversation, the Nerds discuss: stock market volatility, private credit investing, how to invest in private credit, retirement account changes, investing during a downturn, tax season 2025, tax deadline 2025, tax filing tips, tax brackets 2025, standard deduction vs itemized deduction, IRS Free File, Direct File IRS, how to file taxes for free, Roth IRA contribution limits, how dividends affect Roth IRA, reinvested dividends and taxes, backdoor Roth IRA, qualified vs ordinary dividends, investment risk tolerance, impact of tariffs on stock market, shadow banking, alternative investments, investing in private credit, tax changes for 2025, how to estimate tax payments, how to avoid tax penalties, and e-filing vs paper filing.To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email podcast@nerdwallet.com.Like what you hear? Please leave us a review and tell a friend. Learn more about your ad choices. Visit megaphone.fm/adchoices

Discover how to financially prepare for uncertain times while juggling debt repayment and savings. The hosts delve into the importance of having emergency cash and building a supportive community. Learn about effective debt payoff strategies like the debt snowball and avalanche methods. Hear a listener's journey balancing debt and retirement contributions, as well as practical budgeting techniques such as the 50/30/20 rule. This engaging discussion empowers you to take proactive steps toward financial security.

Discover the surprising reasons behind the soaring prices of eggs, including the avian flu crisis and supply chain issues. Dive into the complexities of ethical investing as hosts dissect the realities of ESG funds and the risks of greenwashing. Learn smart savings strategies and how to balance investments with financial goals, especially for student loan management. Plus, hear about the benefits of high-yield savings accounts and the importance of emergency funds in achieving long-term financial stability.

In this enlightening discussion, Yohance Harrison, a behavioral financial advisor and founder of Money Script Wealth Management, explains how psychological biases like anchoring and recency can derail investment decisions. He emphasizes the need for patience and strategic long-term planning to counteract emotions in trading. The hosts also dive into what constitutes a 'good' return on investments and when to reconsider your strategy, providing listeners with practical advice for navigating market volatility.

Dive into practical financial wisdom as the hosts tackle your biggest money questions. They simplify topics like budgeting, saving, and investing to empower you in making informed decisions. Explore strategies for home buying and credit card management, all delivered in a friendly, jargon-free style. By tuning in, you’ll gain actionable insights to help you build wealth and successfully plan for life’s big moments.

Lauren Schwahn, a NerdWallet Personal Finance Writer, dives into the financial intricacies of marriage. She discusses how marriage can influence taxes, credit scores, and debt management between partners. They explore the misunderstandings surrounding joint credit and the importance of individual credit histories. The conversation also touches on estate planning, healthcare decision-making, and how to maintain financial transparency in a relationship. Plus, insights on how economic indicators often don't tell the full story for middle and low-income Americans.

Jen Smith and Jill Sirianni, hosts of the Frugal Friends podcast and authors of "Buy What You Love Without Going Broke," discuss the limitations of traditional budgeting. They emphasize values-based spending as a method to combat impulse purchases and enhance financial confidence. The conversation delves into aligning financial choices with personal values and reframing financial mistakes without shame. Additionally, they touch on retirement savings, financial blind spots, and the importance of enjoying money while planning for the future.

Chuck Bell, Program Director for Advocacy at Consumer Reports, shares insights on the potential shutdown of the Consumer Financial Protection Bureau (CFPB) and its implications for consumer rights. He discusses the CFPB's crucial role in safeguarding financial protections. The conversation then shifts to practical advice for cross-country moves, weighing the pros and cons of renting versus selling homes. Tips on budgeting for moving costs, strategies for covering down payments, and navigating logistics highlight the financial complexities of relocating.

Dive into the intriguing world of dating where debt can be a dealbreaker! Discover how financial responsibility impacts romance and learn to spot red flags in relationships. The hosts reveal secrets about managing money and discussing finances with a partner. Transitioning to business, uncover essential retirement planning tips for entrepreneurs, including when to prioritize personal savings over business reinvestments. Plus, hear from a farmer on navigating farm finances and succession strategies for a smooth retirement.

Dive into the world of tariffs and their impact on consumer prices. Discover the best travel credit cards, including the perks of the Chase Sapphire Reserve and American Express Gold. Learn how to navigate the maze of Roth IRAs and investment options for beginners. Gain insights from a lightning round of listener questions, covering everything from travel rewards to tax implications. Stay informed about federal spending changes and consumer protections amid shifting financial policies.