Have you ever thought about what you might regret at the end of your life? What if there was a way to know what those regrets are right now? Hospice doctor Jordan Grumet has heard firsthand from his patients about what they wish they’d done differently, and he’s published those insights in his book, “Taking Stock.” Jordan joins us to talk about how we can all achieve a fulfilling and regret-free life, and how we can use money as a tool to help us get there. In Mailbag, we answer questions about organizing financial documents and finding a financial advisor. In Thrive, free tax tips for 2023.
Learn more about your ad choices. Visit megaphone.fm/adchoices

Ep 362: Life's Biggest Money Regrets (And How To Avoid Them)

Anyone who tells you women don’t need financial advice specifically for them is wrong. Women, whether they’re the caretakers, the breadwinners, or both, face a unique set of financial challenges. That’s where HerMoney comes in. In her frank, often funny, but always compassionate way, Jean Chatzky takes every audience of women through the steps they need to take today to live comfortably (and worry-free) tomorrow, offering the latest research, expert tips and personal advice. Want more money news when you need it? Get the latest and greatest updates on all things investing, budgeting, and making money. Subscribe to the HerMoney newsletter at HerMoney.com/subscribe!

Business

Investing

Careers

Management & Marketing

Business News

Shopping

In this special Mother’s Day Mailbag edition, Jean talks to mother-daughter duo Mollie and Chris about Mollie’s recent divorce. Jean addresses questions on how to make sure Mollie’s ex-husband's finances are no longer tied to hers, and we tackle how best to combine Mollie’s multiple retirement accounts. 
Join the HerMoney community! For the latest episode drops and financial news-you-can-use, subscribe to our newsletter at Hermoney.com/subscribe!

Takeaways:

Closing a joint bank account and starting fresh is the best option after a divorce.

Having an ex-spouse's name on a credit card does not impact the primary cardholder's credit, but it can be removed by contacting the credit card company.

Rent payments can be reported to credit bureaus through services, which can help build credit for individuals with thin credit files.

Consolidating multiple retirement accounts into one brokerage account can make it easier to manage and monitor investments.

Converting traditional retirement accounts to Roth accounts can be beneficial for long-term growth, but it's important to consider the tax implications.

Maintaining a good credit score and making solid financial decisions are key to navigating post-divorce financial challenges.


Chapters:
00:00 Introduction
03:03 Closing Joint Bank Accounts and Removing Ex-Spouse from Credit Cards
05:04 Building Credit with Rent Payments
09:03 Consolidating Retirement Accounts for Better Management
12:52 Considering Roth Conversion for Long-Term Growth

The HerMoney with Jean Chatzky podcast is sponsored by Edelman Financial Engines. The podcast team and its host are neither employees nor clients of EFE, however, the show does receive fixed compensation and is a paid endorser and therefore has an incentive to endorse EFE and its planners. To learn more about the sponsorship, please visit PlanEFE.com/HerMoney.
Please contact advertising@airwavemedia.com if you would like to advertise on our podcast, and to learn more about Airwave, head to www.airwavemedia.com.
Learn more about your ad choices. Visit megaphone.fm/adchoices

Mother’s Day Mailbag: I just went through a divorce. How do I make sure we’re financial exes as well?

Money touches everything in our lives. And for women, who have long been documented to earn less than men, save less than men, and invest less than men, the stereotype is often that we’re doing money “wrong.” 
But it’s getting old. We know that statistically, women are better investors than men are, we fare better during times of recession, and we’re often more thoughtful about our budgets. Yet the stereotypes persist: the “girl math” trend of recent years tried to insinuate that we’re messy and unreliable with numbers, and countless female characters in pop culture (those in Fleabag, Sex and the City, and Girls, to name a few) just can’t seem to get their finances together, no matter how hard they try. 
We say enough is enough. And we aren’t the only ones. Jo Piazza feels the same way — which is exactly why she flipped the script for the main character in her new novel The Sicilian Inheritance. Listen in to hear her story. 
In Mailbag, we hear from a listener whose 18-year-old son is looking for the best ways to start to build credit, and we hear from a woman who is about to have her first baby and is being pressured by friends to make big (and expensive!) life changes. 
Chapters: 
00:00:00: Introduction 
00:06:32: Portrayal of women in finance and media
00:10:03: Strategies for managing work and family life
00:21:22: Managing the impact of social media
00:25:40: Transition to mailbag segment
00:26:01: Financial advice for young adults and credit cards
00:30:20: Lifestyle changes after having a baby

Takeaways: 

Women are often portrayed as messy and unreliable in finance and media, perpetuating stereotypes that can be damaging and untrue.

The influencer culture on social media can create an expectation gap between real life and the curated images and lifestyles portrayed online.

Financial influencers should be approached with caution, as not all advice and recommendations may be reliable or suitable for individual situations.

There is a need for better regulation and transparency in the influencer industry to protect consumers and ensure ethical practices.


More money news when you need it! Get the latest and greatest updates on all things investing, budgeting, and making money. Subscribe to the HerMoney newsletter at Hermoney.com/subscribe!

The HerMoney with Jean Chatzky podcast is sponsored by Edelman Financial Engines. The podcast team and its host are neither employees nor clients of EFE, however, the show does receive fixed compensation and is a paid endorser and therefore has an incentive to endorse EFE and its planners. To learn more about the sponsorship, please visit PlanEFE.com/HerMoney.
Please contact advertising@airwavemedia.com if you would like to advertise on our podcast, and to learn more about Airwave, head to www.airwavemedia.com.
Learn more about your ad choices. Visit megaphone.fm/adchoices

Ep 422: Media, Money, and Messy Women

In this special Mailbag edition, Jean and Kathryn Tuggle, HerMoney CCO, are on the mic answering questions from our listeners. First, we hear from a recently retired listener who has all of her money in Certificate of Deposits (CDs) and is wondering what to do next. We also hear from someone who is looking for resources that can help teach her three kids about money. 

Join the HerMoney community! For the latest episode drops and financial news-you-can-use, subscribe to our newsletter at Hermoney.com/subscribe!

Takeaways:

A financial advisor can help you understand your current investments and make your money last in retirement 

Work with a fee-only financial advisor who is not paid by commissions for selling specific investments

Teaching kids about money involves teaching them about investing and managing the money they have.

Setting up a system like an electronic allowance can help kids learn how to budget and make choices with their limited resources.

Kids should learn the value of money, how to budget, and how to save


Chapters:
00:00 Introduction
04:50 The Benefits of Daily Money Managers
06:52 Financial Advisor Recommendations 
09:17 Teaching Kids About Personal Finances
12:08 Opportunities for Kids to Earn and Manage Money
13:21 Teaching Kids About Credit and Investing

The HerMoney with Jean Chatzky podcast is sponsored by Edelman Financial Engines. The podcast team and its host are neither employees nor clients of EFE, however, the show does receive fixed compensation and is a paid endorser and therefore has an incentive to endorse EFE and its planners. To learn more about the sponsorship, please visit PlanEFE.com/HerMoney.

Please contact advertising@airwavemedia.com if you would like to advertise on our podcast, and to learn more about Airwave, head to www.airwavemedia.com.
Learn more about your ad choices. Visit megaphone.fm/adchoices

Mailbag: Financial advice for the recently retired, plus resources for teaching your kids about money.

Eleven years ago, Sheryl Sandberg’s “Lean In” hit the shelves and became an instant hit. Her feminist manifesto encouraged women to stop holding themselves back from working to reach positions of power and instead lean on other women’s experiences to help them. Now, many women are pushing back on the “lean in” approach that placed so much responsibility on individual women rather than the societal and economic structures around them. They’re also questioning if they really want to have it all in the first place. 

In her new book: “Fair Shake: Women And The Fight To Build A Just Economy,” Naomi Cahn and her coauthors explore why our “winner takes all” economy is the root cause of women’s continued economic inequality rather than our individual actions. She also talks solutions, starting with making deeper connections in our communities and reaching out to them for support when we need it. 

﻿In Mailbag, we hear from a listener who’s feeling burned out in the healthcare field but knows her coworkers are already short-staffed and doesn't want to leave them in a bind, and Jean’s daughter Julia answers a listener's question on where to find friends that are as career-oriented as she is. 
Chapters:
00:00:00 - Introduction
00:03:12 - Interview with Naomi Khan
00:07:51 - Winner Take All Economy
00:10:18 - Intersection of Feminist Theory and Workplace Progress
00:14:43 - The Triple Bind Women Face in the Workplace
00:17:47 - Strategies for Women to Navigate Career Challenges
00:28:08 - Solutions to Combat the Winner-Take-All Economy
00:33:17 - Mailbag Segment Begins

Takeaways: 

The gender wage gap remains a persistent issue, with women earning an average of 82% of what men earn.

The winner-take-all economy, characterized by income inequality and a focus on individual financial success, holds women back in the workplace.

Feminist theory is essential in addressing gender equity and dismantling the structures that perpetuate inequality.

Systemic changes, such as increasing transparency, strengthening laws, and investing in individuals and communities, are necessary to build a just economy.


More money news when you need it! Get the latest and greatest updates on all things investing, budgeting and making money. Subscribe to the HerMoney newsletter at Hermoney.com/subscribe!

The HerMoney with Jean Chatzky podcast is sponsored by Edelman Financial Engines. The podcast team and its host are neither employees nor clients of EFE, however, the show does receive fixed compensation and is a paid endorser and therefore has an incentive to endorse EFE and its planners. To learn more about the sponsorship, please visit PlanEFE.com/HerMoney.
Please contact advertising@airwavemedia.com if you would like to advertise on our podcast, and to learn more about Airwave, head to www.airwavemedia.com.
Learn more about your ad choices. Visit megaphone.fm/adchoices

Ep 421: Redefining Success In the Winner-Take-All Economy

In this special Mailbag edition, we hear from a listener whose daughter is getting her first summer job. She’s wondering if it’s best to put the money in a high-interest savings account, or a Roth IRA. We also hear from someone who subscribes to the FIRE movement (Financial Independence, Retire Early) and is so focused on saving that she’s not able to keep money in an emergency account for true emergencies. 
In our news of the week, some steps you can take if you’ve been waiting weeks (or months) for your tax refund and why eating out may be your biggest budget-killer. 
Join the HerMoney community! For the latest episode drops and financial news-you-can-use, subscribe to our newsletter at Hermoney.com/subscribe!
Takeaways:

Consider opening a Roth IRA for a teenager with earned income to take advantage of potential higher growth.

A homegrown 401k can be a way to provide access to money for immediate needs while still saving for the future.

Separate your money into different accounts with barriers to prevent easy access.

Set up a separate account for vacations to pre-fund trips and avoid using credit cards.

Loosen your grip on your financial goals and allow yourself to enjoy life today.


Chapters:
00:00:00 - News of the Week
00:03:08 - Benefits of Opening a Roth IRA for Your Kid
00:11:08 - Advice on Managing a High-Yield Savings Account
00:11:45 - FIRE Movement and Emergency Funds
00:18:12 - Setting Up Separate Savings Accounts for Different Goals
00:21:04 - Balancing Financial Independence with Living for Today
00:25:07 - Final Thoughts

The HerMoney with Jean Chatzky podcast is sponsored by Edelman Financial Engines. The podcast team and its host are neither employees nor clients of EFE, however, the show does receive fixed compensation and is a paid endorser and therefore has an incentive to endorse EFE and its planners. To learn more about the sponsorship, please visit PlanEFE.com/HerMoney.
Please contact advertising@airwavemedia.com if you would like to advertise on our podcast, and to learn more about Airwave, head to www.airwavemedia.com.
Learn more about your ad choices. Visit megaphone.fm/adchoices

Ep 362: Life's Biggest Money Regrets (And How To Avoid Them)

Download our free app to listen on your phone