The largest piece of retirement legislation since 2006 is about to be enacted – what will it mean for you? RMDs not required until age 72? Even 75? Pretty Good. Loss of the stretch for inherited IRAs? Very Bad. Insurance offered within 401(k) plans? Probably pretty ugly – just like Jay’s nose after the run-in with a tree branch. But you should see the branch…

Does your 401(k) offer a Roth option? You may not be aware of it, but these days the majority of plans do. If you have access to a Roth inside your 401(k) when does it make sense to contribute? Finally, what to do with a year of free donuts.

Just when you thought we had exhausted the subject, you’ll hear how Cheryl woke at 2AM, grabbed her cherished HP12C financial calculator and determined just how much a new grad would need to save in order to buy a house by age 30. All this angst was due to an article about companies that lend money to recent grads who can’t afford their rent payments. The interest rate? 15-17%. The verdict: new grads might want to think again about living at home.

So you just graduated and you even have a job lined up. Sitting on top of the world and looking to spend your newfound wealth? Slow it down pal. While you’re at it, tattoos, piercings and hair color unknown to nature might be cool to your friends but don’t be so sure the old guard will agree with that assessment. Have a comment or question? Email us at [email protected].

This week’s podcast covers the annual meeting of Berkshire Hathaway shareholders, how you can get free beer in NYC and how your 401(k) might be more expensive than you think.  A little something for everyone.

Parents are paying $10,000 a year and more for their kids to play on elite travel teams – what are the odds this results in scholarship money when college rolls around?  Also, many states now offer student loan forgiveness programs if graduates relocate – can it make sense to move to one of these areas?  Finally, Cheryl and Jay review their podcast stats – pleased to report fingers and toes are no longer sufficient to count their enthusiastic supporters.

Learn more about the NFL draft pick who saves money by making his own (free) lemonade in restaurants and showering at the gym to save on his water bill. Jay and Cheryl also discuss the future of Social Security and the 5 mistakes made by retirees. Bonus feature - why you will never look at your doctor’s white coat the same way again. Ever. Have a comment or question? Email us at [email protected].

Cheryl, who just wrote the last tuition check for her third child, shares her “lessons learned” strategies with Jay, who is about to write his first tuition check. Should 529s be used all at once? Spread over 4 years? What about UTMAs and UGMAs? Should everyone complete the FAFSA regardless of income? Listen to the end to learn where Jay will be sending his money for the next 4 years. Have a comment or question? Email us at [email protected].

Cheryl and Jay provide their recap of the Masters and then discuss fun tax facts.  OK, fun might be a stretch, but you get the idea.  The episode wraps with a discussion of the unintended consequences of Cheryl’s credit freeze. Have a comment or question? Email us at [email protected].

After taking the low road even lower, Cheryl and Jay explore the pros and cons of telling your kids how much money you make. You can decide on your own whether or not that would impact the fact that many kids continue to get financial help from their parents well into their 30s. Have a comment or question? Email us at [email protected].