HerMoney with Jean Chatzky

We’re revisiting one of our most popular conversations with author and human performance expert Brad Stulberg, exploring what it means to achieve success without compromising your well-being or personal values. Brad explains how shifting from a traditional "if-then" mindset to a values-driven approach can help you find fulfillment, avoid burnout, and improve your life. Whether you’re aiming to make a career shift, reduce stress, or rethink your approach to investing, this conversation is packed with insights that will inspire you to find success on your own terms. Chapters: 00:00 Introduction 05:00 Shifting from Goal-Driven to Values-Driven Success 11:00 How To Identify Your Core Values 20:00 Rest vs. Action to Address Burnout Takeaways: By focusing on values rather than constant achievement, you’ll find deeper satisfaction and avoid the “hedonic treadmill” of always seeking more. Identify your core values by envisioning an ideal future self, reflecting on qualities you admire in others, and reconnect with the original motives behind your goals. Grounding success in values reduces stress and improves performance by fostering a state of "relaxed striving." Learn more about our Finance Fixx program here. Use code PODCAST for a $100 discount. 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

What does the future of remote work really look like? Recently, Amazon CEO Andy Jassy mandated that employees must return to the office 5 days a week. So did Elon Musk for employees of both Tesla and X, which made us wonder: Are our remote or hybrid roles going to go the way of the dodo sometime soon? Nick Bloom, Stanford Professor of Economics weighs in on what the future holds for remote work, and how to get ahead in a remote or hybrid position. CHAPTERS: 00:00 Introduction 07:00 The Future of Remote Work 17:30 Finding the Right Hybrid Work Balance 29:00 Advice for Employees Facing In-Person Mandates 44:00 Mailbag Question 1: What allocation is ideal between Roth and 401(k)? 50:00 Mailbag Question 2: I’m very risk-averse, have I saved enough to retire? TAKEAWAYS: Remote work can enhance concentration but may hinder innovation. Hybrid work models can lead to increased job satisfaction and lower turnover rates. Employees should align their work-from-home preferences with their team's schedule. Remote work does not necessarily impact promotion opportunities if managed well. The future of work will likely involve more technology to facilitate remote collaboration. Robert Half Report on Remote Work Trends and Statistics for 2024 Learn more about our Finance Fixx program here. Use code PODCAST for a $100 discount. Thank you to Gainbridge® for supporting the HerMoney podcast. Gainbridge® created ParityFlex™, a multi-year guaranteed annuity, to offer women security and flexibility at a time when they need it the most—retirement. Learn more about ParityFlex™ here. 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

If you listened to this week's episode with Michelle Singletary, personal finance columnist at the Washington Post, you know just how smart she can be about saving and investing, for her goals and for her family's long-term goals. You probably also won't be all that surprised to learn that a few years ago, she achieved something many of us can only dream of. She woke up one morning and she found that she had the elusive perfect credit score of 850. Listen in to hear how she did it. Chapters: 00:00 Introduction 06:00 Living below your means 09:00 Balancing college plans and retirement 14:00 The 21-day financial fast Takeaways: Achieving a perfect credit score means paying all your bills on time and maintaining a very low credit utilization. Prioritizing financial goals over lifestyle spending will allow you to save aggressively. A 21-day "financial fast" helps you avoid non-essential spending. Learn more about our Finance Fixx program here. Use code PODCAST for a $100 discount. Thank you to Gainbridge® for supporting the HerMoney podcast. Gainbridge® created ParityFlex™, a multi-year guaranteed annuity, to offer women security and flexibility at a time when they need it the most—retirement. Learn more about ParityFlex™ here. 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

Getting older is pretty incredible. And that’s not just our opinion — lately, on the HerMoney podcast, we’ve been talking to some amazing women who have shown us that getting old is actually a life-affirming experience. We recently chatted with Tamsen Fadal on reinventing your career in your 50s. There was also Gwen Bounds, who took up Spartan Racing at age 47, and Bonnie Hammer who started a family in her 40’s. These women have shown us that there’s no timeline for accomplishing all of your dreams. Michelle Singletary, personal finance columnist at the Washington Post, joins us to share some of the goals we should be meeting — or striving to meet — in every decade of our lives. CHAPTERS: 00:00 Jean’s Reflections on Turning 60 06:00 Financial Milestones for Your 30s 09:00 Financial Milestones for Your 40s 11:00 Financial Milestones for Your 50s 17:00 Financial Milestones for Your 60s and Beyond 32:00 Mailbag Question 1: What are the pros and cons of taking out a reverse mortgage? 38:00 Mailbag Question 2: I received a large settlement as part of my divorce. How should I invest it? TAKEAWAYS: Developing a healthy hatred for debt is crucial for financial success. Investing early and often is key to building wealth. Health should be prioritized to avoid future financial burdens. Creating a spending plan can help manage financial anxiety in retirement. Planning for retirement should involve sitting down with your partner and aligning on goals. Traveling and enjoying life should be part of retirement planning. Learn more about our Finance Fixx program here. Use code PODCAST for a $100 discount. Thank you to Gainbridge® for supporting the HerMoney podcast. Gainbridge® created ParityFlex™, a multi-year guaranteed annuity, to offer women security and flexibility at a time when they need it the most—retirement. Learn more about ParityFlex™ here. 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

We are right on the eve of what is going to be a truly pivotal election. And this year, more than many others, it seems there's a unique urgency in the air. At least part of that is because each candidate has pledged to make changes to critical facets of American life — including to our personal finances. Catherine Rampell, nationally syndicated opinion columnist at the Washington Post, joins us to dissect the issues and how the 2024 election can impact the broader financial system (and our personal economies). CHAPTERS: 00:00 Understanding Voter Awareness and Candidate Platforms 02:59 Inflation: Candidates' Influence and Economic Policies 09:05 Price Gouging and Its Implications 12:03 Student Loan Proposals and Their Impact 14:54 Social Security: Candidates' Stances and Future Challenges 18:08 Tax Policies and Their Economic Implications 21:01 Stock Market Trends and Candidate Influence TAKEAWAYS: Inflation remains a top concern for American voters but Presidents have limited control over inflation and price levels. The Federal Reserve's independence is vital for economic stability. Student loan proposals vary significantly between candidates. Social Security faces financial challenges regardless of the elected candidate. Tax policies proposed by candidates could have long-term economic implications. Stock market performance is influenced by various factors beyond presidential control. Learn more about our Finance Fixx program here. Use code PODCAST for a $100 discount. Thank you to Gainbridge® for supporting the HerMoney podcast. Gainbridge® created ParityFlex™, a multi-year guaranteed annuity, to offer women security and flexibility at a time when they need it the most—retirement. Learn more about ParityFlex™ here. 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

Every week on the HerMoney podcast, we talk about how to get control of your money, and in most cases, that means getting in control of your spending and knowing exactly where your money is going. Having this knowledge is so important because the truth is that many of us may be sabotaging ourselves financially. Sarah Newcomb, applied behavioral scientist at Edward Jones, and the author of Loaded: Money, Psychology, and How to Get Ahead without Leaving Your Values Behind, joins us to talk about why we financially self-sabotage and how to stop. CHAPTERS: 00:00 Introduction 06:00 What is Financial Self Sabotage 17:00 Setting Long-Term Financial Goals 28:00 Impulse Spending and Emotional Triggers 38:00 Mailbag Question 1: Should I stretch my budget to purchase my dream home? 43:00 Mailbag Question 2: I’m in a lot of credit card debt, will credit card companies negotiate it with me? TAKEAWAYS: Financial self-sabotage can manifest in many unconscious ways. Women often prioritize caregiving at the expense of their financial goals. It's essential to balance short-term desires with long-term financial health. Emotional health is deeply intertwined with financial education and success. Learn more about our Finance Fixx program here. Use code PODCAST for a $100 discount. Thank you to Gainbridge® for supporting the HerMoney podcast. Gainbridge® created ParityFlex™, a multi-year guaranteed annuity, to offer women security and flexibility at a time when they need it the most—retirement. Learn more about ParityFlex™ here. 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

If you listened to our episode with Sabrina Corlette, founder of the Center for Health Insurance Reforms, you are already armed with the information that you need to make a decision about which healthcare plan you want to choose when open enrollment rolls around.But no matter which one you choose, it's also inevitable that at some point you are very likely to receive a medical bill that you didn't expect. That's where negotiation comes in. Our guest today, Braden Pan, founder and CEO of Resolve, a company that negotiates your medical bills on your behalf. He's joining us to talk about how you can do this yourself, how to negotiate your medical bills down, when to settle and pay up, and when to get your insurance company to step in and cover more. Chapters: 00:00 Introduction 10:00 Tips For Negotiating Medical Bills 16:00 How To Be Your Own Advocate 25:00 What To Do If You Can’t Pay the Bill Takeaways: - Before negotiating, gather as much information as possible about your medical bills. - Persistence is crucial when negotiating medical bills. - Make allies, not enemies. It may take multiple attempts to reach an agreement. - Many hospitals offer financial aid programs and will be flexible with you. Learn more about our Finance Fixx program here. Use code PODCAST for a $100 discount. Thank you to Gainbridge® for supporting the HerMoney podcast. Gainbridge® created ParityFlex™, a multi-year guaranteed annuity, to offer women security and flexibility at a time when they need it the most—retirement. Learn more about ParityFlex™ here. 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

It’s that time of the year again: yes, it’s spooky season, but it’s also time for open enrollment. This year, it’s absolutely essential that we do a thorough review of all our health insurance options, and make sure we’re choosing the best plan for us — without paying a penny more than necessary. Sabrina Corlette, research professor, founder, and co-director of the Center on Health Insurance Reforms (CHIR) at Georgetown University shares the mistakes she wants you to avoid when choosing a healthcare plan this year. Chapters: 00:00 Introduction 04:00 What’s New For 2025 Open Enrollment 10:00 Evaluating Plan Options 22:00 Shopping Around For Healthcare 24:00 HSAs vs FSAs 29:00 Mailbag Question 1: Can I open an HSA outside of my employer? 33:00 Mailbag Question 2: I’m coming up against hefty healthcare costs, how do I pay for them without draining my emergency fund? Learn more about our Finance Fixx program here. Use code PODCAST for a $100 discount. Thank you to Gainbridge® for supporting the HerMoney podcast. Gainbridge® created ParityFlex™, a multi-year guaranteed annuity, to offer women security and flexibility at a time when they need it the most—retirement. Learn more about ParityFlex™ here. 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

Today we are bringing you a mailbag with listener Amy. She’s in her early 40s and she is wondering if she should hit the brakes when it comes to saving for retirement because of the other things on her plate. She's working on paying down credit card debt and she wants to be able to afford to move into a nicer home. So, what's the order of operations here? We’ll dive into some timely advice for her. Chapters: 00:00 Introduction to Financial Priorities 02:57 Understanding Current Financial Situation 06:00 Exploring Debt Management Strategies 09:07 Retirement Contributions and Future Planning 12:12 Real Estate Considerations and Options Have a personal finance question for us or want to jump on a call with Jean so you can get all of your follow-up questions answered? Write in at mailbag@hermoney.com. Learn more about our Finance Fixx program here. Use code PODCAST for a $100 discount. Thank you to Gainbridge® for supporting the HerMoney podcast. Gainbridge® created ParityFlex™, a multi-year guaranteed annuity, to offer women security and flexibility at a time when they need it the most—retirement. Learn more about ParityFlex™ here. 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

Every year during hurricane season, we see that many of you have questions about how to lower the cost of homeowner’s insurance. And we get it — it’s so difficult to know exactly which policies are right for your specific property. Ben Keys, the Rowan Family Foundation Professor of Real Estate and Finance at the University of Pennsylvania’s Wharton School, shares how to know how much coverage we really need, and walks us through the steps to take to get a better deal on our policies. Chapters: 00:00 Navigating Homeowners Insurance in a Changing Climate 05:58 Understanding the Rising Costs of Homeowners Insurance 11:52 Assessing Your Insurance Needs and Coverage 17:59 What to Do When Your Insurer Drops You 24:00 Practical Tips for Lowering Your Insurance Premiums Learn more about our Finance Fixx program here. Use code PODCAST for a $100 discount. Thank you to Gainbridge® for supporting the HerMoney podcast. Gainbridge® created ParityFlex™, a multi-year guaranteed annuity, to offer women security and flexibility at a time when they need it the most—retirement. Learn more about ParityFlex™ here. 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. Use promo code HERMONEY at the link below to get an exclusive 60% off an annual plan at https://incogni.com/hermoney. Grab the exclusive NordVPN deal ➼ https://nordvpn.com/hermoney and get extra subscription time. Try it risk-free now with a 30-day money-back guarantee. Thanks to NordVPN for sponsoring our show. 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

We know that aging is a privilege, but there is still so much negativity wrapped up with aging — particularly for women who are still thriving in their careers. There’s perhaps no greater blow than to be made to feel we’re “past our prime” just when we finally hit a point in life where we have more clarity and more to offer the world than ever. Tamsen Fadal, "The Midlife Mentor" on Instagram, joins us to talk about what she’s letting go of now that she’s in her 50s, and the misconceptions we all need to push back on about midlife. Chapters: 00:00 Introduction 05:00 Changing Careers After 50 09:00 Menopause Support At Work 14:00 Debunking Myths About Productivity in Midlife 22:00 Tamen Fadal’s Fashion and Personal Style 25:00 Mailbag: I’m a recent widow, should I sell my historic home to free up cash for traveling? Learn more about our Finance Fixx program here. Use code PODCAST for a $100 discount. Thank you to Gainbridge® for supporting the HerMoney podcast. Gainbridge® created ParityFlex™, a multi-year guaranteed annuity, to offer women security and flexibility at a time when they need it the most—retirement. Learn more about ParityFlex™ here. 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. Use promo code HERMONEY at the link below to get an exclusive 60% off an annual plan at https://incogni.com/hermoney. Grab the exclusive NordVPN deal ➼ https://nordvpn.com/hermoney and get extra subscription time. Try it risk-free now with a 30-day money-back guarantee. Thanks to NordVPN for sponsoring our show. 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

Today we're bringing you an extra special mailbag with friend of the show and Director of Personal Finance and Retirement Planning at Morningstar, Christine Benz. If you listened to our “New Rules for Retirement” episode, then you know all about Christine and why she thinks women need a new playbook for retirement. We are going to tackle a few of the follow-up questions that came from our viewers on YouTube, go check out our channel if you haven’t already! Chapters: 00:00 Introduction 03:00 Mailbag Question 1: I have 425k saved and want to retire early, what am I missing? 08:00 Mailbag Question 2: I have 700k saved, how much can I safely start to withdraw without running out of money? 12:00 Mailbag Question 3: I’d like to begin converting money from my 401k to my Roth before I retire, is that possible? 17:00 Mailbag Question 4: I’m 62 and after a series of setbacks I’m basically starting over financially. How do I get started saving for retirement this late in the game? Have a personal finance question for us or want to jump on a call with Jean so you can get all of your follow-up questions answered? Write in at mailbag@hermoney.com. Join our free budgeting webinar on October 15th at 7 PM ET! https://us02web.zoom.us/webinar/register/WN_GXkmVlwFRVGfi39jim9xZQ#/registration Learn more about our Finance Fixx program here. Use code PODCAST for a $100 discount. Thank you to Gainbridge® for supporting the HerMoney podcast. Gainbridge® created ParityFlex™, a multi-year guaranteed annuity, to offer women security and flexibility at a time when they need it the most—retirement. Learn more about ParityFlex™ here. 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. Use promo code HERMONEY at the link below to get an exclusive 60% off an annual plan at https://incogni.com/hermoney. Grab the exclusive NordVPN deal ➼ https://nordvpn.com/hermoney and get extra subscription time. Try it risk-free now with a 30-day money-back guarantee. Thanks to NordVPN for sponsoring our show. 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

Admit it: You’re overworked. We spend more time working in America than any other developed country. And maybe you think we’re working extra hours because we’re doing work that feels necessary and engaging and fulfilling — but no. We just don’t care about our jobs as much as we used to. So, is there a way to ensure we’re doing productive work that we actually enjoy? Brigid Schulte, author of Overwork: Transforming the Daily Grind in the Quest for a Better Life, spent 10 years researching our discontent with work. She eventually found countries, companies, and people who are all doing it better. Here’s what they're doing right, and how to change your situation, ASAP. Chapters: 00:00 Introduction & Work Culture Overview 05:00 The Shift in Work Expectations 10:00 The History of Work in the US 17:00 Iceland’s Short Work Hour Movement 24:00 Practical Tips to Reduce Overwork in Your Own Life 35:00 Mailbag Question 1: How to manage stock received as part of a divorce 38:00 Mailbag Question 2: ​​Should I pay down debt or max out my retirement savings? Join our free budgeting webinar on October 15th at 7 PM ET! https://us02web.zoom.us/webinar/register/WN_GXkmVlwFRVGfi39jim9xZQ#/registration Learn more about our Finance Fixx program here. Use code PODCAST for a $100 discount. Thank you to Gainbridge® for supporting the HerMoney podcast. Gainbridge® created ParityFlex™, a multi-year guaranteed annuity, to offer women security and flexibility at a time when they need it the most—retirement. Learn more about ParityFlex™ here. 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. Use promo code HERMONEY at the link below to get an exclusive 60% off an annual plan at https://incogni.com/hermoney. Grab the exclusive NordVPN deal ➼ https://nordvpn.com/hermoney and get extra subscription time. Try it risk-free now with a 30-day money-back guarantee. Thanks to NordVPN for sponsoring our show. 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

When was the last time you made a new friend? A real friend, not an online one, a friend that you can actually grab brunch with, or go for a walk with. Our guest today, Adam Smiley Pozwolsky, millennial workplace expert and author of Friendship in the Age of Loneliness: An Optimist’s Guide To Connection says the average American hasn't made a new friend in the last five years, and that 75 percent of us are not satisfied with the friendships we do have. So our challenge for you today after you listen is to go out there and make plans with a new friend or make a plan with somebody that you've been meaning to get back together with for a while and then report back. Drop us a note at mailbag@hermoney.com if you followed through on plans with someone after listening to this episode! Join our free budgeting webinar on October 15th at 7 PM ET! Learn more about our Finance Fixx program here and join our next pre-retiree session starting October 7th. Use code PODCAST for a $100 discount. Thank you to Gainbridge® for supporting the HerMoney podcast. Gainbridge® created ParityFlex™, a multi-year guaranteed annuity, to offer women security and flexibility at a time when they need it the most—retirement. Learn more about ParityFlex™ here. 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. Use promo code HERMONEY at the link below to get an exclusive 60% off an annual plan at https://incogni.com/hermoney. Grab the exclusive NordVPN deal ➼ https://nordvpn.com/hermoney and get extra subscription time. Try it risk-free now with a 30-day money-back guarantee. Thanks to NordVPN for sponsoring our show. 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

We know that our connections to our families, our friends, and our communities are SO important — so important that when we don’t maintain them, our health and our overall well-being can suffer. Maintaining our connections in real life is essential, and perhaps nobody knows that better than our guest Danielle Bayard Jackson, known as “The Friendship Expert” on TikTok. Listen in to hear how societal changes, cultural obstacles, and personal expectations have changed the way we maintain our most important relationships. And then, Allison Gilbert, co-author of “The Joy of Connections” with the late Dr. Ruth, talks about how we can forge deeper connections and show the people we love that we care about them — without going broke in the process. Join our free budgeting webinar on October 15th at 7 PM ET! Chapters: 00:00 Introduction 02:00 Danielle Bayard Jackson and The Finances of Friendship 06:00 Challenges of Modern Friendships 17:00 The Friendship F.I.L.E.S. Framework 25:00 Transition to Allison Gilbert and The Joy of Connections 36:00 Forming New Connections and “Being the Turtle” 43:00 What Authentic Connections Really Do For Us Thank you to Gainbridge® for supporting the HerMoney podcast. Gainbridge® created ParityFlex™, a multi-year guaranteed annuity, to offer women security and flexibility at a time when they need it the most—retirement. Learn more about ParityFlex™ here. 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. Use promo code HERMONEY at the link below to get an exclusive 60% off an annual plan at https://incogni.com/hermoney. Grab the exclusive NordVPN deal ➼ https://nordvpn.com/hermoney and get extra subscription time. Try it risk-free now with a 30-day money-back guarantee. Thanks to NordVPN for sponsoring our show. 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

Today we are bringing you two mailbag questions with our incredible listeners. First, we'll be talking to Beth. She is calling in from upstate New York. Beth is in her early 60s and her company's made the decision to terminate employee pensions, which has left her with some options: Should she take the lump sum? Should she roll it over? We'll dive into some timely advice for her. Then we'll be talking to Sarah. She is wondering how best to start a side hustle as she transitions out of her long-time career as a healthcare executive. Chapters: 1:00 Mailbag Question 1: My pension is being terminated, help! 5:00 Retirement Annuity Option 8:00 Lump Sum Option 18:00 Mailbag Question 2: How do I get paid for freelance writing? 27:00 Starting A Blog or Substack Have a personal-finance question for us or want to jump on a call with Jean so you can get all of your follow-up questions answered? Write in at mailbag@hermoney.com. Take the MoneyType quiz here and listen to our MoneyType episode for a deep dive here. Learn more about our Finance Fixx program here and join our next pre-retiree session starting October 7th. Use code PODCAST for a $100 discount. Thank you to Gainbridge® for supporting the HerMoney podcast. Gainbridge® created ParityFlex™, a multi-year guaranteed annuity, to offer women security and flexibility at a time when they need it the most—retirement. Learn more about ParityFlex™ here. 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. Use promo code HERMONEY at the link below to get an exclusive 60% off an annual plan at https://incogni.com/hermoney. Grab the exclusive NordVPN deal ➼ https://nordvpn.com/hermoney and get extra subscription time. Try it risk-free now with a 30-day money-back guarantee. Thanks to NordVPN for sponsoring our show. 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

Money is SO personal, and no matter how prepared you think you are to meet your money goals, there are many factors that can throw a wrench into your carefully designed plans. There’s perhaps no greater hurdle to overcome than being part of a community that is historically diminished in conversations about money. Ellyce Fulmore, a queer ADHD money coach and neurodivergent content creator, joins us to talk about the social and personal identities that make you who you are — and how they shape the way we manage our money. Chapters: 00:00 Introduction 03:13 Understanding ADHD and Neurodivergence in Money Management 22:37 The Five Account System 30:11 Visual Reminders and Progress Trackers 35:11 Creating a Mental Health Sinking Fund 39:48 Navigating Money Conversations in Relationships 40:00 Transition to Mailbag 41:00 Mailbag Question 1: How do I close a credit card without harming my credit? 49:00 Mailbag Question 2: Should I change my retirement money goals if I’m part of an underrepresented community? Take the MoneyType quiz here and listen to our MoneyType episode for a deep dive here. Learn more about our Finance Fixx program here and join our next pre-retiree session starting October 7th. Use code PODCAST for a $100 discount. Thank you to Gainbridge® for supporting the HerMoney podcast. Gainbridge® created ParityFlex™, a multi-year guaranteed annuity, to offer women security and flexibility at a time when they need it the most—retirement. Learn more about ParityFlex™ here. 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. Use promo code HERMONEY at the link below to get an exclusive 60% off an annual plan at https://incogni.com/hermoney. Grab the exclusive NordVPN deal ➼ https://nordvpn.com/hermoney and get extra subscription time. Try it risk-free now with a 30-day money-back guarantee. Thanks to NordVPN for sponsoring our show. 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

It finally happened…the Fed lowered interest rates, by a greater-than-expected half a percentage point when they met on Wednesday. This was the first time rates were cut in more than four years, and it’s expected that the Fed may continue cutting the rate at its two remaining meetings before the end of this year. We’ve heard from many of you who have been waiting to drive off the lot in a new — or new-to-you — car until rates fell. That’s why this week, we’re re-releasing one of our most popular car-buying episodes, all about buying, selling, and the surprising places where you can and can’t negotiate at the dealer. We’re joined by Scotty Reiss, founder and CEO of A Girls Guide to Cars, a website that’s empowering women to be smarter, happier car owners by arming them with car information. Don’t forget to drop me a note at mailbag@hermoney.com if you used one of Scotty’s tips when you negotiated at the dealer! Learn more about our Finance Fixx program here and join our next pre-retiree session starting October 7th. Use code PODCAST for a $100 discount. Thank you to Gainbridge® for supporting the HerMoney podcast. Gainbridge® created ParityFlex™, a multi-year guaranteed annuity, to offer women security and flexibility at a time when they need it the most—retirement. Learn more about ParityFlex™ here. 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. Use promo code HERMONEY at the link below to get an exclusive 60% off an annual plan at https://incogni.com/hermoney. Grab the exclusive NordVPN deal ➼ https://nordvpn.com/hermoney and get extra subscription time. Try it risk-free now with a 30-day money-back guarantee. Thanks to NordVPN for sponsoring our show. 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

A few months ago, AARP released a survey that found that one in five Americans over 50 reported having no retirement savings, and over half don’t think they'll have enough money to keep them going in retirement. While many of us used to have pension plans to keep us afloat in retirement, now the vast majority of us rely heavily on Social Security and 401(k)’s. Our system and our life expectancy are just different now…which means we need to plan differently. (And yes, this means we need to actually make a plan.) Christine Benz, author of How To Retire: 20 Lessons For A Happy, Successful, And Wealthy Retirement, shares her top strategies for planning the retirement of your dreams. Chapters: 00:00 The Retirement Crisis 02:00 Planning for Longer Lives 04:01 The Shift in Retirement System 06:50 Challenges of Retirement 10:01 Cognitive Decline and Long-Term Care 13:46 The Bucket Approach to Retirement 22:14 How To Calculate Retirement Needs 26:24 The Impact of Taxes on Retirement 29:04 Non-Financial Aspects of Retirement Takeaways: Many Americans over the age of 50 have no retirement savings, and the retirement crisis is a result of the shift from pension plans to individual savings. Longevity is a significant factor in retirement planning, as people are living longer and need to ensure their savings last. Social security and 401(k) plans play a crucial role in retirement income, but many people are not taking full advantage of these resources. Planning for cognitive decline and long-term care is essential, as it can have a significant impact on financial and caregiving responsibilities. The bucket approach to retirement portfolios, which includes a cash bucket for emergencies, can provide peace of mind and help manage risk. Retirement is not just about money; it also involves relationships, purpose, and personal fulfillment. Have a question for us? Write to us at mailbag@hermoney.com. While you’re at it, join the HerMoney community! For the latest episode drops and financial news-you-can-use, subscribe to our newsletter at Hermoney.com/subscribe! Interested in learning more about investing alongside hundreds of other women? Join us every other Monday night on Zoom and learn more at investingfixx.com. Thank you to Gainbridge® for supporting the HerMoney podcast. Gainbridge® created ParityFlex™, a multi-year guaranteed annuity, to offer women security and flexibility at a time when they need it the most—retirement. Learn more about ParityFlex™ here. 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. Use promo code HERMONEY at the link below to get an exclusive 60% off an annual plan at https://incogni.com/hermoney. Grab the exclusive NordVPN deal ➼ https://nordvpn.com/hermoney and get extra subscription time. Try it risk-free now with a 30-day money-back guarantee. Thanks to NordVPN for sponsoring our show. 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

CDs (Certificates of Deposit) often get dismissed as "your parent's savings plan"—safe but, let's be honest, a little boring. But in today's high-interest-rate environment, they're making a strong comeback as a smart choice for short- and medium-term savings. With inflation cooling and the Fed expected to cut rates soon, these great rates won’t last forever. Joining us today is banking veteran and CEO of CD Valet, John Blizzard, to break down what CDs are, who should consider them, and whether now is the perfect time to invest. Chapters: 00:00 Introduction 03:14 How To Find the Best CD Rates 05:21 Retail CDs vs. Broker CDs 09:12 Locking in High CD Rates in a Decreasing Interest Rate Environment 11:24 CDs: A Savings Option for Savvy Savers, Retirees, and Event Savers 13:26 Shopping Around and Being Aware of CD Rollover Options 16:24 Considering Digital Capabilities When Opening a CD Takeaways CDs are a long-standing investment option that offer higher interest rates than savings accounts. Finding the best CD rates can be challenging as many community banks and credit unions are not searchable on popular rate comparison websites. With interest rates expected to decrease, now is a good time to lock in high CD rates. Savvy savers, retirees, and event savers are the primary audience for CDs. Shopping around for the best rates and being aware of CD rollover options are crucial. Have a question for us? Write to us at mailbag@hermoney.com. While you’re at it, join the HerMoney community! For the latest episode drops and financial news-you-can-use, subscribe to our newsletter at Hermoney.com/subscribe! Interested in learning more about investing alongside hundreds of other women? Join us every other Monday night on Zoom and learn more at investingfixx.com. Thank you to Gainbridge® for supporting the HerMoney podcast. Gainbridge® created ParityFlex™, a multi-year guaranteed annuity, to offer women security and flexibility at a time when they need it the most—retirement. Learn more about ParityFlex™ here. 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. Use promo code HERMONEY at the link below to get an exclusive 60% off an annual plan at https://incogni.com/hermoney. Grab the exclusive NordVPN deal ➼ https://nordvpn.com/earninvest and get extra subscription time. Try it risk-free now with a 30-day money-back guarantee. Thanks to NordVPN for sponsoring our show. 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