Am I On Track for Retirement?
Articles Blog

Am I On Track for Retirement?

it’s the weekend and you have financial
questions that need answering that can only mean one thing
it’s time for Jill on money the show that takes the mystery out of your
finances here’s your host Jill Schlesinger welcome welcome it’s the
first show of October whose buki not a big fan of Halloween got it just say it
right there never was not even as a child I didn’t get it
I really didn’t really and it wasn’t and Marc was the best costume you ever had
as a child never did huh Oh military-themed aye all right well let
me tell ya I dressed up as a New York Metropolitan baseball player for many
years that because I just wanted to be one and did not really understand I
think to like maybe third or fourth grade that there were no boy there are
no girls in this sport so it cut did get through finally I didn’t even play
softball I wanted to play baseball mm-hmm
all right now we’re not talking about this it is Halloween it is scary it’s
the month of crashes I’m not predicting one it is the program that takes the
mystery out of your financial life and we are broadcasting live from the
Capital One studios Capital One what’s in your wallet that’s what they ask I
always like to know what’s in my wallet by the way mark I know this is not going
to surprise you but I compulsively make sure that my dollar bills are in the
correct order and facing the exact same direction mark also does the exact same
thing so with that said let us relieve you of hearing more about our crazy OCD
tendencies and go to our first caller it is Pete from Pennsylvania hello Pete
welcome to the program what can we do for you come on joy great some guidance
on my retirement if I’m on track and there’s some questions on my future
retirement election okay great so tell us a little bit about you how old are
you I’m 55 okay and are you married or
single Larry was 51 okay um and kids two kids out of the house
free free beautiful loving it yeah I like that you say free and are they
financially independent of you yes there you get a an award ding ding ding it’s
nice to hear that that’s great okay so now let’s find out a little bit more
first of all what do you do for a living I work I see in health care okay
my wife works for total government okay how much do you make I make about 134
here at least makes around 42 okay and you guys are putting money into your
retirement plans yep we have before 3b and about 490 in there haha my wife’s
got about 25 in so I raise and then when we kindly words I was saving 10% now I
bumped it up this year the 20% mmm good and my wife sitting about 5% okay you
know on the 403 I’m not doing the second 10% in doing that as a raw okay great
that’s good so half traditional half right and and do is there any money in
the Roth yet when you said that 490 is that mostly pre-tax but it’s mostly
pre-tax just started this year so I mean 95 percent okay fantastic so when you
guys are do retire are either of you entitled to a pension yes I’m tired to a
pension which I calculate out will be about 4500 a month and 65 fantastic and
what about your wife sure I just have like 4,000 a year
something small everyone’s been there long enough all right no little
something take it right come on okay now what do you think you need in terms of
the basic retirement income what do you think you really are you know like be
realistic don’t make it a lowball number make it a real number I was
for example I figured out at my last year’s expenses we take out my mortgage
payments was around seventy thousand what are you okay you took out without
the mortgage yeah is that because the mortgage is gonna be paid off yeah house
we pay off in five years okay got it um house paid off in five
great uh will you both be I bet is she entitled to Social Security or does she
have that weird thing because she’s a federal government worker yeah both
Social Security I figure my said my sister curity be around 3000 167 hers is
around 1600 but I’ll probably go up over the next few years okay but I mean it’s
kind of cool because the let’s say your combined pensions which is about forty
seven forty eight hundred dollars a month right then three thousand dollars
4080 eight hundred let’s just say it’s nine thousand a month of income and I
know you have to pay tax on that but still that’s pretty good so this this is
fantastic all right what is the tell me like kind of what
what you’re thinking about are you thinking about working for ten more
years or how will this how do you feel like this is going to go down ideally maybe 62 what why are you doing
62 he just told me all those great numbers at 65 I don’t know I’m puffing
out 10 more years I’m not sure oh don’t think of it as 10 just go one year at a
time all right come on oh yeah do you hate what you do really a long time um I
don’t want to like call you out but you know I’m 55 ish almost and you know it’s
a long time of like just life but you have a long time of retirement ahead of
you that’s the problem that’s what I’m saying I say 62 now it could be 165 yeah
okay do you have you know besides the actual like the the you know the house
is going to be paid off is is there anything else that’s out stand
that you think’s gonna come up that you need to have money set aside for you
like you said you’ve got kids they’re out of the house are they married to
their grandchildren or is there anything else that’s out there that you have to
think about how come I can only think of there’s no other debt
I’m percent clear I do is I do have about either cash or CDs or savings is
kind of a no-brainer see that’s fantastic
okay and in terms of let’s just talk about 62 for a second so if it were 62
how do you how would you do the three years between 62 and Medicare 65 now for
one good thing is I could go on my wealth off my wife’s health insurance
right I see that right okay yeah offers that option so I have that gap sort of
while she stays employed in the government no political changes and all
that good stuff you know right hopefully have health care coverage to the gap all
right then the only difference would be the different income and you had
probably appealing to do that the only option really is to get out of the 403
earlier rather than tap out the pension earlier attempt to tap out that’s your
secure you earlier okay I got you I want you to weigh that free money I know it’s
so tantalizing but I know if you’re like I’m done all right let me let’s do this
let’s go to a quick break we’ll come back and we’ll get back to like the 62
if it’s realistic or not and it was you know probably worth talking about what
your general asset allocation looks like okay so how about that do that all right
mark is that good for you that’s good for me you’re listening to Jill on money
if you’ve got a financial question you want to walk through some of your
retirement options like Pete in Pennsylvania
give us a holler ask Jill at Jill on we’ll be right back back to Jalan money where Jill
Schlesinger helps you take the mystery out of your finances your back it’s Jill
on money you’ve caught a financial question we’d love to hear from you
really it’s so easy fantastic ask Jill at Jill on
that is our email address also also if you are on our website which is Jill on contact button upper right hand corner pretty easy come on all
right we were talking to our pal Pete in Pennsylvania who’s 55 is wife’s 51 kids
are gone doing their thing fantastic they make good chunk of money saved a
bunch of money and both have pensions so Pete the big question is really whether
62 is feasible for you and I mean I know 65 is gonna be a cakewalk I really do
because the pension amount is is you know at 65 as you said the pension plus
like even Social Security couple years later that’s gonna cover most your needs
here’s a problem with 62 as I see it first of all you’re gonna have a
permanent reduction in your Social Security check which I don’t love
permanent ‘sounds a how shall we say to permanent for me and also I think you’re
gonna be forced to take more money out of that 403 B sooner than you would like
so I really am you know I would keep your head on straight if it’s miserable
and horrible and you had to do it sure but given that you have the choice I
really think that 65 is gonna work better for you but the next step is tell
me about the allocation of the money that you have invested and how you’re
doing and what what are you planning right now well currently them the most
mostly mixed is 65 percent the mixture of US equity about 27% taxable bonds and
the rest is at international equities okay so
so it’s like a 70/30 ish kind of portfolio and I mean that’s it’s fine
how-do-you-do with the ups and downs you’re okay with it
yeah I mean it’s been you know I think of five years I’ve been around 8% three
years nine of course this year’s been looking better how about how about last
year when the markets were down it was a little over six points I mean all right
I don’t think you have to be 70/30 I mean this is just me yeah I would say
that you probably could pull that back a little bit just in terms of risk because
I don’t know if you need to have that much risk I mean you sort of have done
the hard work already and I I think you might be better off simply pulling back
the risk and having a little less of an upside you don’t need the upside your
job right now is to preserve what you have right and I think that that really
makes it I think that that’s really what I would suggest now you may say forget
it I don’t care fine but I would just pull the wrist back and other than that
I think that you’re doing a great job I love the idea that you are putting more
money into the Roth I think that’s fantastic and I think that if you can
kind of I think if you can sort of temper your site’s instead of saying oh
my god it’s 10 more years just like oh btw be here today you know
just like enjoy what you do you got a pile of money if something happened and
you really hated it fine but like you really are on track to do what you need
to do and that is you’re very lucky in that respect I mean you’ve done a great
job and you’ve very smart about it but truly I did a lot of people when you
feel like you’re so close you might be tempted to go out early you know when I
was writing my book and I went and went talked to a lot of different investment
advisors and I said what’s the biggest retirement mistake people make and
almost every single one of them came back and said you know when I have a
client who’s just on the cusp of really being able to like hit it out of the
park and reach their goals they kind of pulled the rug out from under me and
they say I want to retire early and so I think you don’t want to
do that to yourself you’ve got just a great situation that
you’ve both created I would play that out and you know what hey if all of a
sudden by the way it’s your 62 and you’re like hey my money has grown so
much I can afford to retire early that’s great but I wouldn’t plan on it okay
yeah that’s a Kairos thing I have options if I really have to but yeah you
know I love options okay I love options well sure question on the change in the
mix when you move anything around holdings or this change feature Elektra
contributions I only do current I really would I would do current and future okay
split maybe like that yeah I mean I mean I would start maybe go 6040 and then
maybe by the end of the year you maybe you just do a little bit like you know
now here it is you know with do some today if you feel like you want to like
do a little bit more after the first year that’s fine but 60/40 and then
eventually like over the next few years get to 50/50 fine a my pleasure good
luck to you alright another happy another happy
person that we can help that I love that that’s fantastic
alright so if you want to get on the air with us all you have to do is send us an
email sometimes you just send us emails anyway which is great so here is a note
from Gigi who’s 63 she retired when she was 60 I have a small inflation indexed
pension twenty two thousand five hundred bucks a year I’ve been living on that
plus savings for the past three years I was planning on taking social security
at my full retirement age which is 66 and four months but now I am
reconsidering I had planned on withdrawing retirement counts as an as
on an as-needed basis for trips to Europe or redecorating my home I would
probably never withdraw more than four percent a year even if there were years
when I even if there were years when I would withdrew nothing I own my house
free and clear I’m living on about $15,000 per year of savings plus the
pension money I’m also giving twelve thousand
here to my daughter who’s in medical school and racking up huge student loans
it will end in eighteen months I still have about seventy eight thousand
dollars in bank accounts and CDs I also have ninety five thousand dollars in a
vanguard non-qualified brokerage account two hundred grand in a Roth IRA and
seven hundred thousand dollars in a pre-tax IRA mark would you call that
burying the lede that I have a million dollars saved kind of a little bit in
our industry okay she’s been converting money to the
Roth for the past few years should i reconsider taking Social Security and my
full retirement age and instead wait until 70 would mean I would need to
withdraw from investments to make up for the Social Security because I’m tired on
living on such a tight budget my so the difference is twenty four hundred bucks
a month up to thirty one hundred dollars a month my thoughts are that it would be
better to wait so I can benefit from the guaranteed return on Social Security and
I could continue the Roth conversions blah blah blah what do you think this is
an interesting one I’m okay I think that you have to this is might this is what I
think I think yes I would wait till 70 as long as you promise me you will not
die until you’re after 83 no I’m just kidding there is like a cut-off that if
you if you’re in good health okay then you probably should wait and here’s what
else I would do so you’re gonna be spending down the money that’s in this
bank account right 78 grand and CDs what I would do almost immediately if I were
going to wait is I would take that non qualified brokerage account and I would
start to peel it off and start to sell some and replenish because you what
you’re gonna end up finding is that you are starting to kind of plow through all
of your non retirement assets and so here’s what I would do the $12,000 a
year to your daughter gift that from your Vanguard account gift it to her
from the Vanguard account gift a highly appreciated security and let her pay you
can help her with the tax but let her pay the tax because she’s probably in
like a 0% tax bracket so that’s first of all so for the the remaining amount of
time you’re gonna give her money do it in a chunk and do it
from the retirement from the Vanguard non-qualified account but do make sure
you’ve got a plenty of money in that cash account so while you’re waiting for
this 70 year old Bench milestone to come about you want to make sure you’ve got
plenty of money in the bank and you’re not subject to the swings of the market
so do that first and try to avoid pulling money out of the deferred taxed
account okay so that’s that there we go another happy contestant here on the
Jill on Money show GG thanks for writing if you have a financial question please
send us an email ask Jill at Jill on we’ll be right back back to Jalan money where Jill
Schlesinger helps you take the mystery out of your finances your back it’s Jill
on money hope you are enjoying the beginning of the autumn season we are
here to take the mystery out of your financial life one of the great ways you
can do that is to go to our website Jill on you can listen to past
shows or maybe if you’ve missed any part of this one you can read articles you
can watch television appearances we have a great resource section and we’ve got a
free weekly newsletter mark has the newsletter doing we get in subscriptions
still you’re good I happened to see somebody say like an another financial
website that they said oh we’ve got 19,000 subscriptions I’m like me I’m
more than that I don’t need to yeah how do you advertise that don’t you think it
seems a little bit mmm Bush tiny bit I don’t know anyway
sign up for our free weekly newsletter we have tens of thousands of subscribers
just like you and it goes out on Fridays okay
what else do we have let’s do some emails this is really interesting
remember way back when did that interview air the fire interview was
that on the podcast or on the radio show that was on the podcast I think okay so
we have a sister podcast it’s called Jill on money and you can get it
anywhere you find your podcasts so that means Apple stitcher radio comm Google
Play you can also go to our website we have links to everything but this ran we
had a an interview with two young married kids kids they’re in their 30s
who were adherents of the fire movement financial independence retire early and LCL period see those are the not Elsie
but Elsie and he said okay Jill I really enjoyed
the interview with those two young kids that wrote the fire book I’m 63 I don’t
really qualify for fire but I’ve been to this rodeo before they’re young
childless and have high ideals and I honestly admire their passion just so
everyone understands fire is this financial independence retire early is
essentially a movement that is predicated on this idea that you can
sock away a ton of money when you’re really young and then be able to be
financially independent and perhaps retire early or perhaps have other
things available to you in your life okay I also enjoyed their creative
explanations of how they would handle educating future children sense of
identity and sense of community then dot dot dot dot dot dot they said they’re
living on $35,000 per year three and a half percent of a million dollar
portfolio I think they have 1.3 now and he says really even before taxes that
breaks down to a hundred bucks he says 95 eighty nine a date that’s just called
95 dollars a day how in the world are they able to constantly travel globally
stay in air B&B z– afford transportation and meals the other
question that was not asked was how do you pay for your health care expenses
they are young they’re probably blessed with perfect health
but that will change over time one major health crisis could wipe out their whole
portfolio in quick order are they self-insured and just take
risks or insured via the Affordable Care Act there is no a no capital way that a
couple can do everything they do on ninety five dollars a day without
mooching off of family and friends or living in a car which they apparently
don’t do not own I thought about the deal about having all their belongings
and backpacks was pretty amusing as well I could maybe see the scenario working
with a much larger portfolio for backup but these numbers don’t add up am I
missing something I don’t think so I haven’t those
interesting as well I think that I don’t know they I actually think that they are
really there’s something missing on that and I think you’ve actually isolated it
so we should follow up with them we fought why don’t we forward that
email to Christy and Bryce and see if they’ll speak to the numbers let’s do
that Marc we have their stuff I think they’re in Toronto now or wherever they
live okay Daniel writes I’m a big fan of your book hey guys my book is called
shameless plug the dumb thing smart people do with their money thirteen ways
to write your financial wrong so Daniel is a big fan of the book and he’s got
the audiobook he listens to it on his daily commute my question should I pray
to prioritize my disposable income on savings to build up my emergency fund as
you mentioned in the big three things or should I allocate some of my leftover
income to invest in stocks or bonds thank you here’s my financial situation
I just graduated from college with a full-time job in downtown no student
loan I’m so that’s good and I have a fair amount of disposable income after
paying my rent and other necessities okay Daniel I think you do a little bit
of both you got a lot of disposable income so first of all if you’ve got a
job with and you have a retirement plan I want you to at least put in as much
money as a match is offered so if that’s 6% definitely do that or even just put
put 6% away just for a good healthy habit put the rest of the money in an
emergency reserve fund when the emergency reserve fund is at your six
months of living expenses six months to a year then switch over and put an
increase your retirement contribution that’s what you should do and if I’ve
missed anything let me know and thanks for buying the book Eric writes and asks
about asset allocation I plan to work through the end of 2024 isn’t it weird
to read that number 2024 at which point my house will be paid off I’ll be 61
years old I will draw a pension I’ve done some retirement planning in terms
of what I need and projecting what I will have I’ve made assumptions about
inflation rate of return all that jazz I also planned out when I will draw down
the money in addition to the pension I’ll have Social Security a traditional
IRA or Roth IRA a 457 plan I’m hoping to I plan to wait until I’m 70 to collect
socials security based on my calculations once I
reach 70 my pension and Social Security should cover all my expenses that’s good
so from January 2025 to August twenty thirty three I will need to drawdown
other from other sources I plan to drawdown from the traditional
IRA first and I think that will last me until Social Security my question for
you is how should I have that IRA money allocated today what changes should I
make to that allocation between now and January 2025 I mean look it’s 19 now so
we got six years to go so I think that probably you’re still looking at a
balanced portfolio as you are approaching 2025 the what I would say is
you need to set aside in cash the amount of money you will need to live on and
that’s so that’s how I would if you said I need 40 grand from that retirement
account make sure that 40 grand is in cash the rest can be balanced and then
you can tip the balance a little bit more away from risk so 60% bonds 40%
stock and the money you need in cash available hope that helps
you’re listening to Jill on money if you’ve got a financial question you can
find us at Jill on or just send us an email ask Jill at
Jill on money comm we’ll be right back 401ks IRAs refinancing she covers it all
back to Jill on money with Jill Schlesinger your back it’s Jill on money
hey Marc I think I need a stand-up desk in here don’t you think it’s like the
old rickety studio all right we’ll talk to the bosses he’s pointing towards the
bosses if you’d like to get in touch with us just send us an email ask Jill
at Jill on or if you’re on the web site poking
around our beautiful resource section or perhaps signing up for our free weekly
newsletter whatever you’re doing over there Jill on just click on
the contact button upper right corner justin writes in 2010 our old house went
to sheriff sale for lack of payment our credit is excellent again Wow that’s ten
years nine years later but we are still paying the second mortgage the account
is with Fifth Third we have talked with them several times
about a partial payment to terminate the loan but they are not willing to
negotiate any recommendations hmm they’re not willing to negotiate
why not because you’re paying it I guess if here’s the only problem you’ve now
got your credit back up things are good and so it the way you negotiate with
these guys is you stop paying and then you actually are able to have a little
bit of leverage but if you’re paying they’re not going to negotiate the
problem is for you you don’t really want I mean unless you had all the credit you
need and you don’t really have any issue around you know essentially what whether
or not you need to borrow more money you could do it but I think you’re gonna
have to pay it I’m sorry Kayla my name is Kayla I’m single 19
year old mother of two beautiful girls band girl you got busy two years old
ages two in one month I’ve limited income and I’m living free at my
grandparents I’m trying to save up money I’ve got
$1,000 good for you steady income I’m trying to figure out other business
ventures anyway my question do you think that’s saving up $10,000 in buying a
house from the local auction in my hometown is my best option to start
absolutely not do not do that she’s got a secured credit card helping to build
credit no here’s what you need to do okay you listen to me Kayla I’m talking
to you don’t do not buy a house you’re gonna save and you’re gonna save as much
money as your living expenses are right now six months so you probably don’t
have a ton of living expenses and you’re gonna first do that and you’re gonna
track how much money you’re spending and then what you’re gonna do is that you
know with the hustle and bustle of what you’re doing on the side she’s pretty
much a gig worker and I really think you want to save as much money as possible
and your first step would be having you know probably at least 5 or 10,000 bucks
in the bank and that 10,000 is sacrosanct you can’t do anything with it
and after you’ve done that you’re gonna give us a holler back and we’re gonna
see whether or not we need to do something else before you prepare to
move out or maybe you’re not even gonna move out maybe you’re gonna stay at your
grandparents which is fine in that case we’ll start you with a very
simple IRA account or Roth IRA account in your case take a deep breath track
where your money is going and save up that money and do not buy a home do not
do that thank you for writing Erik writes my wife is 37 I’m 39 we’ve got a
small family two girls 10 and 5 we rent currently $3,400 a month in an expensive
neighborhood in San Diego we’ve got good jobs with steady incomes about 200
$15,000 a year our challenge prioritizing where to put our money
we’re comfortable in our neighborhood but we can’t afford to buy a home here
we would probably have to disrupt our kids education to move to a more
affordable neighborhood meanwhile we’re saving for retirement I think we could
do more we’ve got a significant amount in
student loan debt but it’s a although it is a low interest rate we’re
contributing $75 a month into a 529 plan for each of our kids I’m stuck my wife’s
thinking of starting her own business that would require saving for a gap in
income we’ve got a lot going on here mark Eric at least admits this we love a
comfortable lifestyle and appreciate not having the burdens of homeownership that
said I’m not sure I want to pay someone else’s mortgage for the rest of my life
to me a home represents a solid asset to invest in but I wonder if we should
focus more on paying down debt saving for retirement and maintaining our fun
lifestyle how should we prioritize okay let’s prioritize for you usually I ask
you to do this by the way my Apple watch just so many stand up alright hold on
I’m gonna move the microphone standing Oh if I if I stand up I lose my
headphones that’s not gonna work oh brother
okay let’s do the prioritization number one I really I’m trying to figure out
what is you have to figure out rather how much money that you are spending I
think that’s real and then I want to make sure that you have enough money
that is in the bank okay six to twelve months of your living expenses that’s
number one number two stop doing the 529 the $70 $5.00 a month that you’re
putting into the 529 use it to pay down your student loan debt use every
available dollar to pay that student loan debt down I wasn’t sure whether you
guys said you have a retirement account but I hope with 215 grand you have a
retirement account my advice is your wife should not go and start her own
business before you have actually have the emergency reserve fund funded six to
twelve months of living expenses number two you have whittled down your student
loan debt you didn’t say how much you have but I would really want that down
to a reasonable level and number three she kind of like a real business plan
and really figure out this is a is this just a hobby is this a business what is
she doing here this to me is a recipe for disaster if you don’t do this the
right way and so very methodically emergency reserve pay down debt
retirement planning the big three before the new business okay you’re
listening to Jill on money if you’ve got a financial question we’d love to hear
from you ask Jill at Jill on money comm that is our email address and you can
always go to the website Jill on money comm you find lots of great things
resources blogs all this great radio podcasts go there Jill on money comm
we’ll be right back you’re back it’s Jill on money we are broadcasting live
from the Capital One Studios here in New York and if you’ve got a financial
question we would love to hear from you our email addresses ask Jill at Jill on Deborah writes my husband and I are
approaching retirement within five years we’ve got no debt other than our home
good gross income is $190,000 we’ve invested well for retirement our query
by the way I love the word query our query is that we have about 4,500
dollars per month left over from our monthly salaries mm-hmm I say pay down
the house which puts us mortgage for your retirement he says pay the regular
amount on the mortgage put the rest in savings we have 20 grand in readily
available funds what are your thoughts okay one question Deborah
what’s the rate on the mortgage that’s a biggie and if you have 20 grand in funds
that are available and you’ve got five years to retirement maybe you’d want to
beef that up a little bit like I agree he could not you could probably have a
little bit more before retirement but if you’ve done all of your retirement
planning and it says that five years works for you and you know you’ve got an
adequate amount of money that is in your emergency reserve slash savings I mean I
do believe that as you get towards retirement in retirement you’d want one
year of your living expenses in the bank and so I wonder if you’re gonna do maybe
a little bit of both maybe in 20 it you know with $20,000 that’s fine but you
know maybe if you put in a little bit more into your savings you’d you know
maybe you split the difference and again it depends what the mortgage
amount is and it depends on what the mortgage rate is but essentially having
that liquidity is a really nice thing I kind of need a few more numbers to help
you but my general sense is please try to be careful not to use up all that
extra cash you may want it later sound good
there’s a question from Trevor about going back to school to get a master’s
after reading your book I’m nervous and he says I’m but I’m concerned that
putting it off may hamper my future earnings I’m 25 it’s now or never how
can I be sure that my emergence in retirement are all appropriate make the
job you know what Trevor give us a holler let’s get Trevor
on the air I want to talk to him about this I think I think graduate degrees
are really really dangerous so I want I need more information Trevor
all right you got a whole nother hour of jalan money just around the corner
during the break hop onto the website Jill on money comm and you like Trevor
can buy my book the dumb things smart people do with their money thirteen ways
to write your financial wrongs we’ll be right back it’s the weekend and that can only mean
one thing you’re listening to Jill on money the
show that takes the mystery out of your finances here’s your host Jill
Schlesinger alrighty welcome to the program you got your heads on straight
ready to rock and roll we are so delighted you are joining us for the
program that takes the mystery out of your financial life and that great I’m
Jill Schlesinger mark t’lay our CEO is running everything including my life
he’s the official executive producer of the program and what may be another
title the the grand master of my life or something like that the wizard the man
behind the curtain the one who makes sure I do everything
I’m supposed to do everybody needs a partner like mark woof fantastic
do you think that we act like daytime spouses we don’t really read not like
that but we do talk a lot text a lot anyway if you’ve got a financial
question please do let us know you can just email us ask Jill at Jill on oh I forgot to say that we are broadcasting live from the policy genius
Studios policy genius is the easy way to compare and buy insurance you can go to
policy genius calm and don’t worry even if you’ve missed life insurance
Awareness Month which was September every month is life insurance Awareness
Month here at the Jill on Money program so go check out policy genius all right
today we have an interesting guest especially as we come into the end of
the year and people start thinking about their gifting his name is Henry Tim’s
and Lincoln Center in New York City actually just named him earlier this
year the 11th president and CEO he started his career in Great Britain
you’ll notice the cool accent and here he talks about his tenure at the 90
seconds why which really became a cultural hub
in New York so here is our interview with Henry Thames so for those of you
listening you’re not in the New York metropolitan area the 92nd Street wise
is a why it is a why mhm young men’s Hebrew Association yeah and there is a
preschool there and there are adult there are senior program and you walk in
there it feels like a real why like with all that kind of programming in addition
there were all these really cool programs of speakers and interviews and
and I remember the first time I actually got asked about doing an event there I
was so very like there was like this moment where I could call my mother and
she’s like oh my god the 92nd Street Y like you’ve made it I had a very good
time doing oh that’s great so what did you learn there because you know
essentially one part of your your book discusses the difference between old
power and new power and I kind of feel like 92nd Street wise all about old
power right am I wrong no I think that I think that largely that’s right so the
if you think about an organization like the 92nd Street Y so for a hundred and
forty five years it has experts who create programs and those programs are
presented and they’re essentially consumed by the audiences so you’ll come
and hear the best economists in the world or you’ll come and hear a lecture
about philanthropy or you’ll come to our nursery school and so it’s very much a
model which looks familiar in the 20th century and that’s what we classify is
kind of an old power model right which is kind of top-down and we present
things and we curate things and people absorb them and it’s terrific
like there’s nothing just for them from the start there’s the book doesn’t argue
that all power is bad new power is good it’s just a different way of thinking
about how you influence the world so I’ll give you an example we have at the
Y the best poetry series in the country the best poets read on our stage and
have for decades you will have if you go there you will hear the very best voices
in America time and time and time again that couldn’t be more important than
ever and audiences for that kind of event are surging so very important to
sustain that but it’s also important not just to rest on the model of the 20th
century and keep doing that there very few sectors I would argue who have
relied entirely on their 20th century modeling and are still already thrive
so that’s where new power comes in so new power is this idea that alongside
the way we used to think about how we influence change we need to think about
how you engage people on their terms not yours so you need to work out how you
can create programs and ideas that create the space for people who now
expect to participate to come in and start to participate in ways that you
might not expect so I’ll give you an example from the Y the Y 400 and you
know 45 years has believed in community and generosity and philanthropy and we
have lots of programs you know Bill Gates would come and talk about his
philanthropy and Richard Branson all these people would come and talk about
how they were philanthropists in an old power model but we create a new power
model which is we create something called givingtuesday so hold on let’s
just not bury that lead you or the guy behind givingtuesday right well we were
the team all right hold on a second hold let me give you your gonna may give you
some nice showers something on you all right so you’re a part of the team yeah
good and you know you have this this idea philanthropy it’s important to the
92nd Street Y tell me tell the listeners how did this idea come to fruition what
happened that created this idea so I think it was very much that the we were
thinking about how we could create new models for our work right so so the idea
was if you think about the Y it creates it’s a community center where
people come together as a community so the question then is how do you create
community in a digital age with people connecting online how do you create a
different type of community so the idea was we knew about Black Friday and Cyber
Monday which had grown cyber monday in particular had grown supercharged by the
internet which allowed retailers everywhere to collaborate and put deals
on sale and we all remember those you know the pictures of people lining up
outside the stores fighting each other to get TVs yes
or furbies or whatever they were doing did you get a phobia so the so the so we
were thinking about that we’re thinking all right this is supposed to be the
giving season that’s what we talked about but this is these aren’t stories
about giving these are stories about consumption so could we add a giving
Tuesday after Black Friday in the Cyber Monday could we add a giving Tuesday and
so if you’d thought about that product in an old power way you would say let’s
call it the 92nd Street Y is givingtuesday right we would put our
logo in it we would make sure that everyone gave us credit for that project
if they took part right and we probably work out some clever way to charge
people a hundred bucks each right that’s how you’d think about it from the old
power perspective but we didn’t to the great credit of the board of directors
of the Y they really invested in some new thinking and they said let’s do this
in a new power way so the new power way of thinking about something like
givingtuesday was we didn’t brand it at all so a lot of people don’t know that
we created it they will now well they will now right well and and and and it
didn’t really matter what we wanted to do with that was create something that
people could grab and then turn into a project that became more interesting so
what happened with givingtuesday that was so fascinating was from the very
beginning people would grab bits of it and turning it into something more
important so in Baltimore in the first year that giving shoes he’s seven years
old now so we’re only 12 for 2012 in the first year of givingtuesday Baltimore
grabbed givingtuesday and they said we’re not going to call it giving
Tuesday we’re gonna call it be more gives more Baltimore gives more and
we’re gonna prove that we’re the most generous city in America lovely idea
yeah they brought the whole community together and they raised over five
million dollars for local causes in the first year and in the old pal world if
someone took your brand change givingtuesday into be more gives more
you’d call them up and sue them right it’s a cease-and-desist but of course in
a new pal world this this is exactly what we’re wanting to see we’re seeing
people grab this and take it somewhere new in the spirit of what the 92nd
Street Y stands for so cut forward seven years givingtuesday has now raised over
a billion dollars online just online in the u.s. average gift size of about 100
bucks and givingtuesday has spread to a hundred countries around the world okay
we’ll get back to Henry Tim’s in just a minute
hey during the break why don’t you go to our website Jill on there you
can sign up for our free weekly newsletter fantastic it’s free just go
Jill on while you’re there bookmark it you want to go back you’ll
see we’ll be right back do I invest here should I put my money
there Jill Schlesinger can help you back to Jill on money your back it’s Jill on
money and we always love to hear from you for those of you who just were
bright enough to go on to the website during the break and bookmark the site
guess what else just because it’s bookmarked now you can do some more
stuff there you can always hit contact it’s in the upper right hand corner and
there you will be able to contact us directly
just from the website while you’re doing all your other fun stuff there so we’re
going to get back to our interview with Henry Tim’s in just a minute in addition
to being the president and CEO of Lincoln Center he was formerly the
president at the 92nd Street Y he’s also an author the book is called new power
how power works in our hyper-connected world and how to make it work for you so
here’s more of our interview with Henry temps so you are the 11th person to hold
the position of president and CEO of Lincoln Center you’re walking into this
organization that is clearly having some issues how would you describe just using
some of the language of the book the old power values that might be within
Lincoln Center versus the new power values that you think would have to be
adopted to make the next 10 years the best 10 years so I think that’s the
exactly the right question and the on one side of the a think about Lincoln
Center you think by the original vision for Lincoln Center so back in the you
know 60 years 60 years it’s 60 years old now just about to hit 60 the original
vision was at the height of the Cold War right so if you can think about what
Lincoln said it began as it began some senses as as kind of this exhibition of
democracy right it was this idea that Lincoln said the Rockefeller vision for
Lincoln Center was you had both this excellence right you believed in the
very best of the performing arts and I would certainly say that one of the
things which is most important about Lincoln Center is you have on that
campus some of the most ambitious the most learning the most rigorous creators
and performers in the world can you just check off the organizations underneath
the Lincoln Center umbrella for those lists yeah so that so there are there
are a lot of them so you have the Met opera you have the Philemon arc you have
the ballet you have the Chamber Music Society you have Jazz at Lincoln Center
you have the New York library for the performing arts you have Lincoln Center
itself you have the Juilliard Julliard you have the School of American Ballet
and the whole vision of the old original vision of Lincoln Center was that all of
these organizations would be close together for a reason mm-hmm right the
reason they would be close together is because it would be a force multiplier
that you would have this moment where you’d have this kind of laboratory where
everything will come together and so the the second thing I think if you think
about the original founding principles of Lincoln Center which remain key
priorities the first I think is this idea around excellence around the very
best and that could not be more important particular in a world awash
with so much data and information and nonsense that actually people the
desperate ease to seek out the very best but the other part of the original
vision of Lincoln Center which I think couldn’t be more relevant today is about
breath it wasn’t just about the best it was about the most it was about how
could you get the arts as many people as possible
and that’s where I think kind of the new power world comes in so if you think
about the new power world what’s so interesting about new power is we’ve
never had more more filmmakers we do now never have more poets we’ve never had
more composers we’ve never had more singers we don’t have more dancers
there’s an amazing world emerging particularly via social media or people
who are performing in new ways so that’s a really interesting question for any
institution which is what do we do with that what do we do about this generation
of people who expect to participate want to engage in meaningful ways with
the arts what is the role of something like Lincoln Center to connect with them
on their terms not necessarily on ours so that I think as you think about kind
of framing questions for the future one of the questions for Lincoln Center I
think is what do we do with this huge supply side we now have and you’re
walking into an organization that has existing people who are there some of
them might not be thrilled in this moment transitions are hard how
do you think about leadership in the new power false prophet dichotomy so I think
one of the one of the things that works well from I’m a new power perspective if
you think about you’re trying to create the collaboration is essentially the new
power skill right so the old power leader you have a superstar leader who
who takes up a lot of space and is essentially revered and it becomes all
about them in their own agency that isn’t I think the way that you build
terrific teams in a new power way and especially not the way you build
terrific movements more if you don’t get more people engaged in things that
matter one of the ways to do that is to be more collaborative I think to be less
about taking up space yourself and more about trying to create the space for
others hmm so much of the the job I think that the way I’ve hope I’ve
approached the why and certainly I intend to approach Lincoln Center is to
set a tone of collaboration to very much be about building alliances and
partnerships with people who are so minded because we as a sector by which I
mean the arts sector it’s very easy to to fall into this habit of everyone
being very separate right we all have our own projects we all have the things
that we care about but we all also share a core mission right there’s an argument
that the the arts in a world which technology has made us feel so
dislocated so disconnected the arts are perhaps the most human expressionist the
way we understand ourselves it’s the way we understand each other right before
there were countries or languages or finances or banks there were artists
right the very first Testaments of man will how we expressed ourselves and so I
think one of the big challenges huge opportunities for all of us in the arts
is to make a more cohesive argument around not just what with for which is
the arts a good view and they make you better at maths and all those arguments
we know but also what we’re against right and the arts do stand against
someone they sense stand against the world where we feel forced apart they
stand against a world where we feel empty stand against the world where we
feel like we don’t understand other people we’re all back into our corners
the arts are their best bridge those divides and they help us find ourselves
on each other and so I’m really very focused on on that set of arguments and
I let idea that you laid out in the book about made to stick versus made to
spread that I think that spreading that sort of humanity is core to the mission
so my next thought when I hear you talk like that as I say yeah you know you go
to the Opera you go to the ballet and you see a lot of Alto caucus you know
what I mean you know that word from ten years in New York right and so how do we
bring young people in I mean honestly you go to the Metropolitan Opera it
literally feels like well okay we are all eight minutes away from being in the
ICU with all these people so how do we bring younger people in well so I think
a I think we should resist that that stereotype because I don’t think the
data backs it up I think actually is lots of audiences of different ages on
campus good you know and B I think one things I think you can look around
campus and see which is is most impressive is the way in which people
are finding ways to reconnect people with the Arts in interesting ways so my
my my colleague Deborah border of the Phil the Philharmonic has done a
terrific series called project 19 which is 19 Commission’s from female composers
to mark the hundredth anniversary of the 19th amendment and you look at the
audience’s who are attracted to events like that and you’re seeing people who
are feeling very much that this is speaking to them and speaking to the
moment again one thing I think the arts do so well is they help us understand
things when we’re feeling like we need navigation certainly the thing I want a
champion is a lot more of those moments you know it’s interesting because I
think sometimes we have this problem with network television that you want to
try to bring people and say hey we offer something different right we have the
same pretty much the same time I was Lincoln Center so let’s just say like
yes it’s not a hundred percent and there may be younger people right but we kind
of know our core audience the problem that seems to present itself is
for us when we when we kind of veer off and do slightly different kind of
programming it pisses off the old constituents and it doesn’t necessarily
bring in enough new ones to make it worth it so I sort of thinking to myself
because I went you know our niece took me to like the prototype festival and
you see these new operas and like these are so far from where what you might see
at the Metropolitan Opera but they brought out a lot of different kinds of
people that maybe I never would have thought would be the kind of people who
would flow into the Lincoln Center how do you marry these two worlds and not
you want to respect the tradition but also get them on the the next pathway
forward yeah I think that’s right and I think a lot of the the right questions
are around how you invite people in right and then how you reach out again
there’s a myth around the arts which I think we need to resist a bit which is
that the audiences are very standard where actually the arts speak to
everybody okay when we return we’re gonna finish up our interview with Henry
Tim’s and then we’re gonna get to your financial questions if you’ve got one
send us an email ask Jill at Jill on we’ll be right back 401ks IRAs refinancing she covers it all
back to Jill on money with Jill Schlesinger your back it’s Jill on money
and we are delighted that you are taking time out of your very important days to
spend on time with us thanks a lot we’re talking to Henry Tim’s he is a
very interesting guy because he started in the nonprofit world he stayed in the
nonprofit world but in doing so he’s really kind of a marketing guy who I
think is pretty adept at figuring out how to talk to different generations so
just as we have this conversation we finish this up we refer to Gen Z and
that is those who are age 22 and under okay so that’s what we’re talking about
here’s the end of our interview with Henry temps the other part of the book
that is interesting that came up for me is that you describe the post millennial
generation or Jen’s II as the founders generation right explain that so there’s
really interesting survey MTV did where they were they were talking about the
generation who are coming after Gen Z so the next gen and what they wanted to be
called the name they liked the most was the founders the founders and the idea
is there is a generation of people who want to behave as if their founders not
just followers right so they want to behave as if they are in charge of
everything they have lot of things they can do they have a lot of transparency
they can see into things they have a lot of agency this generation of people who
have been persuaded by their devices that they are important that they matter
and that they ought to participate they want to feel in the workplace not like
their cogs in a machine but that they have high degrees of agency it’s a real
challenge for the workplace because let’s say you post a picture to your
Facebook group saying you know here’s me interviewing Henry Tim is right all of
your friends are going to say hey that’s so great you’re terrific everything’s
wonderful like like like like like you get these artificial feedback loops from
your friends which make you feel everything you do is terrific and that’s
one of the reasons these platforms work they work because they make everyone
feel bought in and and validated the problem is they don’t provide accurate
feedback you did a lousy job on that interview
and that’s a and that’s and that Henry that’s a terrible shirt and you will not
to wear it and the answer you gave about this wasn’t very clever you actually
don’t get accurate feedback from your own social networks tips so people come
into the workplace having been brought up in this world where they’ve been
surrounded by these myths or validation and then their boss ignores them for a
week and says you know that really wasn’t a terrific report and that’s
really hard feeding for people so I think one of the big challenges for any
sector is you have all these people now who expect to participate what are you
doing with them right even people listening to this you know look at TV
right now you know 50% of people are having a to screen experience so they’re
looking at TV and they’ve got a phone in their hand because they want to do more
than just download they want to do something themselves I’m sure people
listening to this will be on their phones doing something else at the same
time so they’re all these interesting ways of people to think about
participation which is shifting so the question for whether it’s TV or radio or
Lincoln Center the question is this generation of people who are want to
participate how do you do that in meaningful terms that is not reducing to
the lowest common denominator which takes the kind of ambition that
something like Lincoln Center lives on and translates that to a digital age and
that’s going to be one of the big challenges right because it’s very easy
to enter the shallow waters of the Internet it’s hard to dive deep yeah and
so I think that’s one of the big questions institutions like ours need to
get right you know one of the things that I think is so powerful about these
institutions is something that kind of transcends all the other digital lures
that are out there and that is you turn your phone off and you are immersed I
agree yeah I don’t know if you saw the documentary about Ruth Bader Ginsburg or
Vijay I watch the stock um and she there’s a part of it where she’s
attending the Opera yeah and I think it’s her granddaughter or her daughter
who says she goes to the Opera because that’s the place where she can escape
right and that’s where you can just turn everything off get sunk in with a story
get sunk in with the music with the pageantry you know it’s sort of one of
those things where you not only is it moving to be part of it but to have zero
distractions in this day and age I agree it’s amazing it’s it’s it’s what the
kids call IRL yeah in real too in real life and the answer is I royal
as it gets when you actually get away you really do reconnect with with I mean
look is weird because obviously I’ve much of my career has been trying to
think about how you use technology so I’m not I’m not in the kind of Luddite
anti-tech zone but I do think we know this that social media is in many ways
making us anxious and sad right yeah right myth of our age was all this
connectivity will bring us closer together and it hasn’t it’s actually
forced us apart yeah so I think there’s a big role for
the arts we have a Lincoln Center something called the white light
festival which was launched years ago and it’s an amazing festival of of
things around the world that helped us understand ourselves
it helps they kind of find that inner light and that festivals been a great
success for years but in today’s world it feels even more important to have
those moments where you you trying to find that that space just to switch off
from all the noise to escape the algorithms just for a little while right
so grand and and and put yourself in the hands of of people who are thinking so
carefully about how you get to the heights of humanity that and that’s
really but it’s but our very best that’s what the arts do so well that is a good
place to end I’ll do a little rapid-fire opera composer favorite opera composer
go well I saw I saw the The Magic Flute with my son the Mets of his amazing
performance for family yeah and I took him he was seven and he doesn’t his
greatest skill is not sitting still for long periods of time and he was
completely absorbed Wow it was an absolute gift so I think that was and if
you haven’t seen it just it’s um it’s it’s a gift for kids I like one of the
nice things Lincoln Center so well is these kind of family moments so I think
I think I would I would give it to all right Philharmonic ballet best
performance like most exciting performance that you’ve seen in like the
last year so the thing that Phil did recently which I thought was terrific
with something called fill the hall where they had a concert which was
particularly for people who helped New York so there’s a lot of first
responders they’re policemen teachers they opened up to audiences and they did
a really terrific program and I I went into that and I just thought it really
felt like a New York community event so I think that would be alright wanna do
ballet do not say Swan Lake I promise I’d have to say so the the my my
daughter is five and she is absolutely convinced she is the greatest ballerina
yes the only problem is it’s that the one thing any parent knows this
competence in children is a terrific thing her confidence is sky-high and her
capacity as a ballerina she however does not share the belief that we have a
Lincoln Center that great art requires practice so she she is of the view that
she doesn’t need to do anything at all over the years on her route to we’ll see
how that works out anyway I took her to the I took her first full ballet we went
to the Nutcracker and and it was so anyway but so she with no practice at
all will be doubtless performing on stage in a decade thanks to Henry Tim’s
for hanging out with us it was really great to meet him and learn about what
he does if you would like to learn more about what we do just send us an email
ask Jill at Jill on and don’t forget when you go to jail on
you can buy my book the dumb thing smart people do with their money thirteen ways
to write your financial wrongs we’ll be right back if you’ve missed any part of the show or
want to check out a pass she’ll go to jail on for more great
personal finance content year back it’s Jill on money here’s a question that is
interesting catch it really it catches one’s breath
when you have somebody who is so used to saving who asks this how much money
should one put aside each month from Social Security before paying bills it’s
like I got to keep saving so the I don’t know I need more details but I think
that there’s a group of people who have been very good savers who are somewhat
freaked out when they retire and they’re so used to saving they don’t know what
to do so you know as we’ve talked about every single show I think it’s important
to have an emergency reserve fund so if you have extra money from Social
Security beyond the your daily living expenses
your monthly your you know your weekly daily weekly monthly then sure you can
save but what is really important is that to understand your expenses you
know how much of Social Security has to go towards those expenses and then if
you have a little money left over sure why not you can save a little Emily
writes love your weekly newsletters mark how about that mark really puts the
newsletter together let’s be honest he does all the hard work here I listened
to your podcast today and it saved me from deciding to sell stocks that was
one of this is one of these days in August when the market was tanking I’m
part time retired I feel very happy about that that was a little remember we
did a little um while I was on vacation I did that that was under a blanket into
my iPhone it sounded pretty good huh my dogs were
crawling all over me anyway thank gosh Emily did not sell Emily’s part-time
retired 45% in stocks Bonz reads international I’ve got no
investment I got burned real badly by a money manager who invested my IRA and
Roth funds in international funds when the US stock market was strong in one
year’s time I lost over $26,000 my advice to anyone
do not let crooks manage your money okay wait a second
let I’ll get on to that I want to get back to the crook thing Emily says do
your own research and invest yourself oh and these money managers they get a 1%
fee on my account for doing a bad job and losing money they’re rewarded for
their bad behavior a lesson learned the hard way I’ll never be the fool again
and let my investment firms financial representative talked me into having my
money managed right now my husband and I do not have a financial representative
they’re not in it for our best interests they push what the firm wants them to
push just managing all of our money one one is a fool once shame on you for
being a fool twice Emily okay they’re not necessarily crooks I just want to go
back to that sometimes people when they invest with an advisor you have to kind
of buy into the philosophy all right maybe these folks were deep value
investor and maybe it’s true US stocks have outperformed but maybe in the next
ten years international will outperform and maybe it was all part of a
diversified portfolio I don’t want to throw these dudes under the bus just yet
but what I do want to point out is that you have so many options when you are
looking ahead at your investments and they are everything from run your own
money and use index funds and you can do that at places like Vanguard you can do
that at Charles Schwab you can do that at t rowe price at TD Ameritrade at
fidelity you can do that yourself just go to a place that offers a huge menu of
index funds piece of cake no no loads meaning no commissions the
next step you could use a robo or an online
investment platform what are those that’s basically you go through a risk
assessment questionnaire and then you are able to have a algorithm a math
equation invest the money for you where can you do that
betterment that’s one wealthfront Vanguard has a service called Vanguard
personal service advisor Schwab has a service called Schwab intelligent
portfolios I don’t know if fidelity has it that
Marc does fidelity of a Robo or not I don’t think so either it’s interesting
so that’s your next intermediate step now by the way if you’re just doing it
yourself with index funds you’re gonna pay I’m going to guess a tenth of 1%
point 100 percent that’s about what you’re gonna pay total maybe less if you
hire one of these robos you’re gonna pay anywhere from up to let’s say up to 0.3
percent then some of them have a little bit more than just the investment
algorithm they give you access to a certified financial planner or an
advisor and sometimes those are up to say a half of a percent and then you can
go full-on investment advisor and yes it may cost you 1% but maybe they’re doing
something more for you maybe they’re doing overall financial planning but
that’s sort of your menu of options so that’s those are your choices I don’t
know I don’t wanna say they were crook let me just do a quick one before we
head to the break this is from Ahana who says I love your podcast you’re
articulate and I love your thoughtful intelligent questions you put two your
guests on the show hmm thank you I live and work in the US on a work visa I’m a
citizen of India I don’t know if I’m going to permanently live here what are
investment options for people like me if I contribute to a 401k what happens if I
don’t live here what happens is you then have to move the money out and you have
to pay a big tax bill and if you’re moving to India
it would be India that imposes the tax on the money you pull out so you should
check with someone in India or you know just to get an idea of what would happen
if so that’s the story okay you’re listening need to chill on money and if
you would like to ask us a question just send us an email ask Jill at Jill on we’ll be right back you’re back it’s jill on money before we close
down the show for the weekend we want to thank you for listening and remind you
that we are broadcasting live from the policy genius studios policy genius is
the easy way to compare and buy insurance just go to policy
this is a note from Neddy who is planning her estate she says I may need
a fiduciary in my area to oversee things can you recommend a trustworthy person
even if they’re not from the area I’m 76 years old I’m getting ready to retire
should I discontinue reinvesting my dividend take them now I love your show
I have your book thanks in advance okay so if you’re planning your estate I
presume you’re working with an attorney a qualified trust an estate attorney
that’s what I’m hoping for and I’m guessing that that’s a good
thing maybe that person might know a someone in your area who can help you
but regardless will send you the name of somebody and the question about
discontinuing reinvesting dividends has everything to do with other stuff going
on in your financial life so we really need to know a little bit more about
whether you need the money or not if you don’t that’s fine but that decision is
more about what else is going on in the portfolio what income you’re receiving
whether or not you need it okay this is from Justin I have experienced as an
investor I own my own business now I stride I try to stay hands-off but since
I’m a tinkerer I also try to be as efficient as possible it’s got a bunch
of money in different accounts taxable accounts retirement accounts
Rauf some alternative investments some cash okay
main question does betterment which is an online adviser put you in an overly
diversified portfolio would I be better off with two or three funds that I build
in Vanguard or is the trade-off for them rebalancing worth it here’s the thing I
think there’s a real question about how valuable rebalancing is you know if you
had I don’t know four I would say four or five funds at Vanguard doing it
yourself and you’re comfortable doing yourself and I think that’s probably all
you need so if as long as you’re willing to do it and set it and forget it not
tinker too much then Justin I think go ahead and do it yourself and good luck
okay that’s it that’s a program thanks so much for listening if you have
financial questions during the week don’t forget you can give us a holler
any time ask Jill at Jill on or hop on to the website
Jill on and we would be delighted to hear from you just click on
the contact button alright have a great week we’ll see you next time you

Leave a Reply

Your email address will not be published. Required fields are marked *

Back To Top