32 Burst results for "Dill Schlessinger"

"jill schlesinger" Discussed on WTOP

WTOP

03:30 min | Last month

"jill schlesinger" Discussed on WTOP

"Schedule your free estimate today 11 minutes past 10 o'clock the end of 2021 is fast approaching and before the ball drops on New Year's Eve there are some financial homework assignments for you to complete That's right and from taxes the planning your retirement there's a lot to think about Let's take a look at some of those things right now with CBS business analyst Jill schlesinger Jill thanks for being here Great to be with you Thanks for having me Great to have you here And even though many of us can kick the can down the road you know with our taxes and that sort of thing we try not to think about it until next year You're saying there's some things we should be thinking about right now Absolutely Of course a lot of the IRS deadline triggers come at the calendar yearend not just the April 15th deadline So for example let's say that you go to the IRS dot gov website which I know you have you all have bookmarks so don't tell me otherwise But if you go there you're going to use the withholding estimator and you want to see have I had enough money set aside to pay my tax bill in April Maybe if you haven't you talk to your payroll department you say hey can you take some more money out of my last couple of paychecks before the end of the year That might really help you out If you are self employed this is very important time to see if you may be need to make a quarterly estimate This can really reduce the headaches come April Keep your hands on a bunch of notifications you're going to get from the government They're about child tax credit payments the economic impact or stimulus payment You'll probably get a note from the health insurance marketplace just throw it all in a file 2021 tax is have it nearby because it's just hard to go recover that stuff if you've tossed it out by mistake And Joe what should we be doing or at least thinking about when it comes to our retirement plans and account Well just remember that this year end is also a deadline for putting money away into a pre-tax retirement account and that can really help you reduce your tax bill come April So maybe you work for a place and it allows you to change the amount that's going in your 401k the limit this year $19,500 for all of these employer sponsored plans So maybe you say to your payroll department hey you know what My contribution level has been 5% But I actually find myself with extra cash on hand Let's book booted up to 1520 25% A lot of companies allow you to go up to 50% and that could actually reduce your taxes come April You should also know that of course when it comes to retirement this may be a great year for you to think about a Roth conversion If your income dropped this year for some reason you may be able to take a traditional account where taxes haven't been paid and pay the taxes today maybe you're at the lower rate and then when you retire in the future no tax do One thing that I also want to remind everyone about your retirement plans the retired required minimum distribution from retirement plans is back in place We got a little pause on that and you got to reprieve from taking your RMDs you must take your required minimum distribution or else you will pay a huge penalty 50% of the amount that you should have withdrawn So if you are over the age of 72 please please please pay attention Big deadline looming Some great advice Thank you so much Jill Take care Coming up on how our church in our area is raising awareness about a spike in violence in the community sports next ten 14 Hey football fans Hall of Famer whitson here when I played in Baltimore I love the energy from the purple nest Now what I'm looking for excitement I head over.

Jill schlesinger Jill IRS CBS headaches Joe Famer whitson Jill football Baltimore
Over 18,000 Migrant Kids Are Now In U.S. Custody

Jill Schlesinger on Money

00:37 sec | 10 months ago

Over 18,000 Migrant Kids Are Now In U.S. Custody

"More than 18,000 unaccompanied migrant Children in U. S custody, But his members of Congress make trips to the southern border. The vast majority of people who show up at our border. We're turning away. White House communications Director Kate Bedingfield on ABC is this week's as President. Biden is working to not only create more space for unaccompanied migrant Children, but also to work on more systemic issues in the region. What we need to do is address the root causes of migration. It's something that President Biden did. When he was vice president. He spent time in the Northern Triangle countries that people are migrating from Working to try to address the the lack of infrastructure. The lack of programs. A new

Kate Bedingfield U. Congress President Biden Biden White House ABC
Trump accuses FDA of slowing COVID-19 vaccines

Jill Schlesinger on Money

00:30 sec | 1 year ago

Trump accuses FDA of slowing COVID-19 vaccines

"Saturday on Twitter. President Trump accused quote the deep state or whoever at the FDA of slowing down testing of covert 19 vaccines and therapeutics. He suggested they were trying to delay until after the election. He offered no evidence. But today on ABC He's this week. White House chief of staff Mark Meadows says the FDA needs to feel a sense of urgency. I think you're going to hear an announcement later today, which really hey, he had to make sure that they felt the heat If they don't see the light, they need to feel the heat because the American people are

President Trump FDA Mark Meadows Twitter Chief Of Staff White House ABC
"jill schlesinger" Discussed on WTOP

WTOP

06:03 min | 1 year ago

"jill schlesinger" Discussed on WTOP

"North west see some sunshine tomorrow storm team four meteorologist Laura Ricketts sixty nine degrees in Washington more clouds than sun today as we head to the mid to upper seventies it's twelve eleven a woman is hospitalized with life threatening injuries this afternoon after a fire in the town house last night on early weigh in the Annandale section of Fairfax county Fairfax county fire and rescue in the city of Alexandria fire department located the woman on the second floor of the town home cause of the fire still under investigation five people have been displaced damages are approximately twenty thousand dollars the federal reserve is predicting the U. S. economy will shrink this year from five and a half a bite from five and a half to seven and a half percent that would be the largest decline since nineteen forty six so can the economy climb out of this recession last hour Debbie spoke with CBS business analyst Neil Slazenger on those questions we can definitely dig out of it you know and that's the good news and the bad news is it's going to take awhile so when the federal reserve release these projections last week this is in conjunction with a two day policy meeting where they said Hey we're leaving interest rates at zero basically for two years and when they released the projections I think it may have taken some people by surprise but I guess it's strange to me we've been talking about this pretty much for the last month or so whether it's the national association of business economics or the CBO or the World Bank or the OECD all these big major bodies are predicting a rough year for the global in the U. S. economy now the thing is how long it takes to get out is predicated on this virus and that there's so much uncertainty you know we're talking about spread of virus in places that opening too soon some places it doesn't spread as much and so when the fed was looking ahead it said likely going to take some time probably not for another two years to we get back to an economy the size that they where we were back in February of this year which industries do you think will have the toughest time getting back to some semblance of normalcy well I just think it's going to be awfully tough for the retail industry to come back and I know what this is something that everyone knows intuitively which is gosh these big department stores they weren't exactly popular before the pandemic hit so I think they're gonna have a hard time and those are some closed spaces right we're not talking about outdoor malls we're talking about big indoor shopping centers and that's one area we're obviously looking at restaurants and hospitality and travel I mean it's great news if you say to yourself wow that's awesome the the TSA says you know a whole bunch of people are flying more but they're still flying there's just many fewer passengers and certainly big hotel chains are saying yeah things are a little better but we're still in a giant a gigantic economical and small businesses are as well yes I think that this is something that we're going to really keep an eye on we got some data out and you know I'm such a nerd so let me just share with you because I read these papers so you guys don't have to the national bureau of economic research said three point three million small companies were shuttered over the past three months three point three million you know that's more than all of the companies that closed during the seventeen month Great Recession more importantly I think is that these closings are disproportionately hitting minority and immigrant owned firms that's what Jerome Powell said last week that joblessness is severe for lower wage workers women African Americans and Hispanics so the data showing that the same issues the inequality the chasm that exists it's just getting wider in both the small business round and other areas of the economy CBS business analyst Jill Schlesinger let's get a look at the numbers on wallstreet Jeff Claiborne read our is down three hundred and forty six points the S. and P. five hundred index is down a half percent money news in ten minutes on WTOP four at fifteen and forty five powered by Red River technology decisions aren't black and white thing read twelve fifteen sports with George Wallace Major League Baseball Players Association rejected the owners offer over the weekend and demanded that the owners give them a schedule by the close of business today the baseball owners reportedly having a conference call and trying to figure out if they're going to counter offer or not the players association is now want to counter offer they just wanna schedule they want to be told when the season going to start and where they should report all right man for now has the authority to implement a schedule which could be around fifty games this comes after the agreement on March twenty seventh sides not getting along nicely and we'll see if we're gonna have baseball or not but today could be a big step towards that so stay tuned DC United resumes full team training today at Audi field as they get prepared for the tournament July eighth in Orlando speaking of MLS Kevin Durant officially joins the ranks of sports team owners as the team announced he has purchased a stake in the Philadelphia union of MLS acquiring five percent of this team with an option to purchase an additional five percent at a later date Daniel Berger when's the first PGA tour event in over three months his third career win does it in a playoff over Kollin Moore calluses and excitement in the first PGA tour event in three months he missed a putt more counted on eighteen in regulation of what I wanted and in the playoffs the burger ends up getting the win and Denny Hamlin wins late last night on the track for Joe Gibbs racing his fortieth career victory this after two lightning delays but they also did have about a thousand fans in attendance toward walls WTOP sports R. G. thank you up ahead a major ruling from the U. S. Supreme Court today on workplace discrimination it's twelve seventeen since nineteen ninety four americaneagle dot com a family owned web developer with over.

Laura Ricketts Washington
Powell Emphasizes Inequality in Pandemic-Fueled Job Losses

Jay Talking

00:25 sec | 1 year ago

Powell Emphasizes Inequality in Pandemic-Fueled Job Losses

"CBS was Jill Schlesinger says fed chairman Jerome Powell is concerned about the labor market Powell reiterated his concern that millions of Americans could become permanently unemployed from the crisis he also said the downturn has not fallen equally on all Americans the rising joblessness has been especially severe for quote lower wage workers women African Americans and

CBS Jill Schlesinger Jerome Powell FED Chairman
"jill schlesinger" Discussed on KIRO Radio 97.3 FM

KIRO Radio 97.3 FM

05:29 min | 1 year ago

"jill schlesinger" Discussed on KIRO Radio 97.3 FM

"Sales morning news this is Dave Ross joining us now is CBS news senior business analyst Jill Schlesinger personally caught my eye this morning Joe was a banner on marketwatch saying Goldman Sachs calls the bottom of the market are you showing that I mean great is that so I I think that the most important thing to remember is that nobody really knows and certainly we we hope for the best but it's hard to understand really where this is all going it's hard to understand how we get out of this downturn so quickly and and if it is the bottom in the stock market fine but it's still an economic downturn with nearly seventeen million Americans filing for unemployment claims over the course of three weeks right we're gonna hear a lot more bad news about that I'm sure I saw a survey indicating that it is not just it's it's hitting all income levels is what they're saying yeah I mean I think that that's something that we should probably sort of take a look at it's not something where you say oh it's just service workers it's just that it's everybody you know and and you talk to people in almost any industry and you find that there have been cuts there have been layoffs there have been reductions in hours all of these things are important to know and it doesn't mean again it does not mean that you know the stock market can't rise but it also doesn't mean that that investors are necessarily correct there are been many times where at big companies have called the bottom of the market only to be shown that there is the bottom that they think is going to happen and then there's the bottom that actually happens this is occurred in two thousand eight the end of two thousand eight many of the big banks said okay it's done it's over because they were back on their feet and they forecast at the bottom was put in and then the bottom came three months later and it was a nasty bottom yeah in terms of the bailout program is there enough money in it and if not are we gonna get a lot more faces I don't think there's enough money certainly in the small business aspect you know we know that in just about the first week or so or maybe a week and a half that the program was in place that there's probably about half of the money has been committed already and and there are so many frustrated small business owners who say they can't get into the program so I think that's an area where it looks like there's bipartisan support for adding additional funds and also the federal reserve is kind of stepped up and said well you know if it's not a small business maybe for some of these medium sized businesses they will also create facilities for them but I'm most concerned about the small businesses frankly because these are people who don't have a big bit of a big safety net for themselves save maybe mortgage their homes to start their business or they've poured their own personal wealth into a business they are passionate about and these are the folks who I'm most concerned with I I think that if we don't get money to them soon we are really going to see a wave of business losses like we haven't seen in decades and is that just a staffing problem or something else well I think that that's a a demand problem you know I mean the the real issue is that if you don't have the money coming in even if you keep your payroll you you keep people on your payroll for eight weeks you don't necessarily think that you're getting back into business eight weeks from now I mean after all if you look at say a restaurant in Seattle and you say okay I I'm back to work in let's say a month or so are you gonna eat that many more meals and you would have eaten during all that time that is the company the the restaurant's been close probably not and it's it remains to be seen whether we as consumers will go back to our old habits and that I think is going to be a critical factor in defining just who will survive which businesses will survive and which will not I think this is a crisis is really drawn a line of of the haves and the have nots in terms of the business size you know you look at Amazon which is you know obviously just going to get bigger and bigger and then you look at a small company that may not have the runway and the ability to absorb all the extra cost and and that certainly shut down of the business and you say how are they going to survive mostly most acting on the government's side the people who were trying to service all these applications have they been a of the of the staffed up because I mean we're talking about orders of magnitude in terms of applications orders of magnitude more than they would get on a normal day yeah I mean this is really an important aspect which is that a lot of the banks are working with skeletal staffs I'm I don't know about this small business administration because remember the the main loan program that many of the businesses are applying for that is through is is S. S. B. A. backed program but you must go through your bank the banks have said that it was the government's fault that the government didn't communicate with them and didn't give them ample information to be able to retool their resources and of course the government is saying well you know banks have been doing these lawns for a long time they should know how to write alone doesn't really matter about the finger pointing at this point it where we are today that what matters is how we get the money into the system as quickly as possible those stimulus checks are going out in the first round of the out this week but we really need to hear more good news on the.

Dave Ross Jill Schlesinger Joe Goldman Sachs CBS senior business analyst
"jill schlesinger" Discussed on WTOP

WTOP

05:59 min | 2 years ago

"jill schlesinger" Discussed on WTOP

"Analyst Jill Schlesinger Jello the move the leading into the president's address last night we heard that he was going to give us a path forward and reassure Americans that you know his administration the government is doing everything that they can I'm guessing investors were just not reassured by that well why is that do you think I think without details of what kind of help we're going to get from the government it's really hard for investors to make a decision about how much money your company's going to make so remember we need to know exactly the type of help we need to know the size of it and we know the manager of the timing of it I I will tell you that I've had a number of conversations with economists over the last seventy two hours and almost to each one of them they really are not in favor of this payroll tax cut because they do not believe it's going to have the needed impact so well they want a big package they want it quite targeted specifically at the people who are going to be impacted by the virus as well as bite to it targeted to the industries that are going to be impacted so talk a little bit about how things like this trickle down especially when they come from the White House because we did hear the president and there were several clarifications are coming out today after the president's speech last night he said he would suspend travel from Europe for thirty days last night in his speech to the nation and that that applied to trade and cargo and then notice today from the White House that trade in fact will not be affected the travel ban does not apply to American citizens or legal residents he talked about us that health insurance companies agreed to waive all copayments for corona virus treatments clarification from the White House today that treatment will be costly for people in that treatment is not covered but testing is does all of this sort of leave the investor scratching their heads yes absolutely again you know you want precision as much as possible and it's not that listen when they're flying by the seat of their pants in the middle of a financial crisis I think everybody understood that treasury secretaries and leaders we're really trying to understand what was the most effective way to communicate but again this is a speech that was written it should have been in a prompter it should have been checked double checked checked triple track Jack and what happens is it leaves investors with the sense that no one is in charge you know them selling that we have seen it so dramatic and I know it's very hard for people to absorb this that said I really want to stress something that came out of that meeting with the bankers yesterday and that is with this is not a financial crisis is a health crisis so it's very important but the underlying systems that operate the US financial system are stronger today than they were back in two thousand eight two thousand nine so sometimes I think we look at these numbers and the drops are very agonizing but remember we are we do have a functioning bank system and that's very important well Jill as we we know though that certain business sectors are are taking a hard hit to during this crisis especially the the travel and entertainment industry billions of dollars already lost and more to come do you see a path forward in in terms of those industries recouping those funds and getting back to where they should have been this year well I think what's going to have to happen is there is there these industries where we know there's going to have to be government assistant and that's the airline industry transportation the cruise lines are down and that the stocks are down another twenty percent today Boeing specifically is just a in real trouble right now they're going to go broke but they're gonna need a bridge loan essentially and so there are some who were calling for the government to basically open up the spigots on they we call this in economics printing money which is you know go out reach detail every single in trouble industry we got your back and again as you pointed out that's transportation that's hospitality and leisure and that's energy because the energy markets are taking another severe pounding today and so we have a lot of small to medium sized energy companies in the shale industry that are on the verge of going broke if oil stays at thirty Bucks a barrel so we need very targeted very abundant help for these kinds of companies jail thanks so much great to have you take care CBS business analyst Joe Schlesinger and we check the markets again Jeff Clayborn the Dow is down seventeen hundred and fifty points money news in ten minutes on WTOP sports at fifteen and forty five brought to you by your local Honda dealer don't settle for less than a Honda and here's George Wallace all right guys you have the ever changing world of sports the wizards because of the affected they played at Utah on February twenty eighth wizards players coaches in basketball operations have been told to self quarantine for three to four days as they were in Utah and against the next the next day the of this on the heels of the NBA suspending play for indefinitely we'll find out you know what the next steps are there they can use this time to figure out the next steps the capitals in the NHL actually all NHL teams have canceled morning skates today capital's red wings tonight Capital One arena as of now still on fans allowed in the building there will be no fancy conference tournaments moving forward beginning with the ACC today take those games are still set to be played in North Carolina hundred fifty tickets given out for each team Virginia set to play later on tonight George town out of the Big East Tournament thanks to a twenty three oh run by St John's yesterday to close out the hallways George Mason advances in the A. ten the place a Bonaventure today George Washington and Howard both losing yesterday toward Wallace the.

president Analyst Jill Schlesinger
Dow industrials end down over 450 points as coronavirus fears rise

WTOP 24 Hour News

00:39 sec | 2 years ago

Dow industrials end down over 450 points as coronavirus fears rise

"In stocks have tumbled this morning after China announced a sharp rise in the number of cases of coronavirus threatening to cramp global economic growth right now the Dow down almost four hundred and sixty four points the S. and P. down over fifty points but CBS news business analyst Jill Schlesinger says she doesn't think the current adviser corona virus cases here will have a significant impact on the US economy I don't think that five or ten or even fifty cases that's not what's going to impact the United States economy what's going to impact the U. S. economy is at if everyone is freaked out and they're scared to go out shopping they're scared to do things that's what starts to impact the real

China Jill Schlesinger CBS Business Analyst United States
"jill schlesinger" Discussed on WBZ NewsRadio 1030

WBZ NewsRadio 1030

03:00 min | 2 years ago

"jill schlesinger" Discussed on WBZ NewsRadio 1030

"News business analyst Jill Schlesinger says the first step is creating a holiday budget by reviewing your bills from last holiday season then make a list for this year of everyone you need to include many retailers are kicking off their promotions early hoping to lure shoppers who are starting to browse the web for those holiday deals evacuations are staying in place in southeast Texas because of that massive chemical plant fire Jefferson County judge Jeff Branik says his first priority is to keep all citizens safe at all times will not do it back to where you can order until such time as I'm conveyances say for our citizens to return firefighters are making some progress battling flames a TPC group support nature site but he didn't doesn't want to risk any lives people aid at port Neches need Orland groves and also part of Port Arthur were told to get out on Wednesday afternoon no word yet on what caused the fire officials don't also yet know when people will be able to return to their homes the blast happened on Wednesday thirteen hours apart they blew out windows and doors of nearby homes also prompted a mandatory evacuation of a four mile radius from the plant important H. as in southeast Texas by the way that's about eighty miles east of Houston all power has been restored in Methuen after an outage on thanksgiving day here's more from WBZ TV is Tiffany chance it was a frustrating thanksgiving for about thirty two hundred families in Methuen not because of all the cooking but a power outage at the worst possible time only tell you didn't everything but power I powerful winds knocked down three telephone poles along Pleasant Valley street at around four forty five one was leaning across the road tangled up with live wire we definitely like to hold on BM thanksgiving day where was road wasn't being heavily traveled right now lucky for drivers but not for families who had to dine in the dark again all power now restored and with the wind but pleasant street Pleasant Valley street from Jackson street market basket was initially close both directions after multiple power poles were spotted leaning into the roadway a high school football game leads to chaos the nation's oldest public high school football rivalry ends with a bench clearing brawl on thanksgiving Wellesley and Needham players one after one another with just two minutes left to go in the game the home team Wellesley was up twenty seven to nothing officials call the game once punches were thrown it was a one hundred and thirty second game between the two teams meanwhile across town rivalry in the high school football is renewed in a city on the south shore in its eighty seventh annual Turkey bowl WBZ's Kevin Coleman explains from Quincy as the clock ran down to the final seconds of the Turkey bowl the Quincy high presidents football player shower and their head coach with the ice cold cooler to celebrate beating the rival north.

Jill Schlesinger business analyst thirteen hours thirty second two minutes
Fed cuts rates again, telegraphs possibility of one more

Mark Larson

00:53 sec | 2 years ago

Fed cuts rates again, telegraphs possibility of one more

"Report as was widely expected the federal reserve's movie short term interest rates lower for the second time this year a quarter point cut it may not be the last cut this year live to CBS news business analyst Jill Schlesinger Jr what's this mean to consumers. we're not hearing Jill we have a little bit of a problem there will get back to her fed chair Jerome Powell is said to give his news conference at this hour they'll be much attention to what he says and whether he indicates future rate policy five fed officials have said they expect one if not more rate cuts this year the open market committee meeting in July indicated the labor market remains strong in job gains have been solid household spending is also been rising at a strong pace right now on Wall Street however the Dow was down a hundred and seventy one points the nasdaq off

Business Analyst Jerome Powell CBS Jill Schlesinger Jr
"jill schlesinger" Discussed on WHAS 840 AM

WHAS 840 AM

01:37 min | 2 years ago

"jill schlesinger" Discussed on WHAS 840 AM

"Spinal stenosis. The mild procedure helps fix the problem without vacations or steroid injections and is covered by Medicare nationwide. Mild is an outpatient procedure with no general anesthesia, no stitches, and no implants, walk farther and stand longer with less pain. To learn more and find a mild physician visit mild procedure dot com. That's mild procedure dot com or call eight seven seven nine lumbar eight seven seven nine lumbar. Prescription required online physician consultation are only available if the physician determined the prescription is appropriate. See website for full details. Guys canoes the outrageously expensive little blue pill is now generic, which means you can get the prescription medication at three D at affordable prices and hymns makes it extra affordable right now. Get your first month supply for free. All you pay just five dollars for your medical consultation, when you go to four hymns dot com slash discount after that, it's just thirty bucks a month supply. Sure. Beats paying big bucks for just one blue pill. Doesn't it class? You won't need an awkward in person. Doctor's appointment to get the prescription hymns has doctors online, who could prescribe the medication and a pharmacy sends it right to your door. It's affordable private and incredibly easy. Nobody likes dealing with the now thanks to him. Nobody has to, and that's really good news to get your first order for just five bucks. You need to go to this exclusive address, four hymns dot com slash discount. That's four hymns dot com slash discount for your first month for just five bucks. Four hymns dot com slash discount. Newsradio eight forty w h yes. Do I invest here? Should I put my money there? Jill schlesinger. Can help you back to Jill.

Jill schlesinger stenosis Medicare eight forty w five dollars
"jill schlesinger" Discussed on WHAS 840 AM

WHAS 840 AM

06:10 min | 2 years ago

"jill schlesinger" Discussed on WHAS 840 AM

"If you've got a financial question, we'd love to hear from you. Our Email address is asked Jill at Joon money dot com. Okay. Let's see we got a bunch of emails or rock and through this. It's all good. Okay. Here's a question from Bill he and his wife or sixty two and they've got pensions and required. Minimum distributions from some inherited IRAs that more than cover their living and leisure needs. So they've got eight hundred fifty thousand dollars in traditional IRA as a million dollars in non IRA's investments and a million dollars in real estate. When we start taking required. Minimum distributions from those traditional areas in eight or nine years will basically pay taxes on the remainder in non IRA investments were both in good health. Our parents all lived into their eighties and nineties. Wow. So I think at twenty your outlook is reasonable and certainly not guaranteed. We plan on leaving most of our current assets to our three children, should we convert a good chunk of the traditional IRA over a few years time or is it too big a hit at our age. I almost feel as if we should look at this with our children's ages as the deciding factor since that's where the money's going. So keep eight hundred fifty thousand dollars of IRA money now, plus keep two hundred thousand to pay required taxes if converted or bite the bullet and have eight hundred fifty thousand plus future. Untouched innings all tax earnings all tax free to pass on. Here's a question. That might be interesting. I mean, you're right. You're thinking about in terms of your three kids is because you've got pensions end in ir n required. Minimum. Distributions. The real question is is your tax bracket higher than that of your kids? Right now or maybe in the next ten years. Maybe if you're in a higher tax bracket, don't do it. I don't know. I mean, it is possible that you're in a far higher tax bracket than your kids are in. I mean, you could do, and it doesn't have to be all or nothing maybe do some of it. And then you can just do a little bit at a time. And that way, you don't have to take everything this big huge hit at once. So I think I might look at this kind of as a family issue and determine where the tax hit should occur. Think about that. And let me know what you think Sean writes that about this my stepmother informed, she opened the IRA in my name back in twenty fifteen and I have about ninety five shares in apple it's worth about sixteen thousand almost seventeen thousand dollars other than my pension at work. It's my only retirement savings. I'd like contribute. I would like to start contributing to the account. I'm not sure what to do with the money in it move. It move a new funds on new to all of this. I'm twenty six I make sixty to seventy grand a year with over time. My father passed away in twenty eleven this is the money left for me. My stepmother also put money into a brokerage account. I plan to use that for a house down payment this summer, by the way that that brokerage account all in apple. So whatever you're going to be using for your house down payment. Please cell. That immediately. And get that money liquid in terms of the IRA. Absolutely. It would be great. If you could do that, the one thing I should try to understand here is whether this is a traditional IRA or a Roth IRA, I mean, it would be great if we would be able to have you put money into this. It's great to do. I think because of your age and what you're earning. It would be ideal. If you could open a Roth IRA, and also I would be somewhat. Remiss if I didn't encourage you to reallocate some of the money that was left you in apple stock and get diversified. I think that would be better for you. Okay. Brad writes, he loves a podcast, and if you'd like to sign up for our podcast, you can subscribe to it. Apple Stitcher radio dot com. Google play anywhere else. You get your favorite podcasts. Okay. So here's his question a startup company with only a few plays at the time asked me to help them since they didn't have the cash to pay me. I agreed to help an exchange for stock options not qualified stock options. So he exercises the options. Now, he's got the stock in this little company it's grown substantially and now he's going to retire. Their privately held chairs they're not liquid. I don't have a control over the timing of a sale. How do I think about these shares as part of my retirement financial plan? So a sell the shares gradually the account for the stock as part of my net worth see pretend the money doesn't exist. And whatever happens happens he wants to lean towards a part using this and adjust his retirement funds. You ready for me? You say a or b forget about it. Pretend this money doesn't exist. Enjoy the ride whatever happens happens. There's nothing for you to do with us. I don't know what the money how much money that represents right now. But pretend that the company goes broke or runs out of money. And Brad, then you're not relying on it. And I think that that is the safest approach when you have an illiquid investment, especially one over which you have zero control. Then absolutely positively don't include it. Okay. All right. No, okay. I'll do this. When we come back. So we're. Almost on the show. I will keep writing keep writing. If we take a while to answer. It's just because the emails pile up. We do the best. We can that's why we're running through and doing all these shows. So hang with us. Stay with.

IRA apple Brad Jill Bill Google Sean eight hundred fifty thousand d million dollars seventeen thousand dollars nine years ten years
"jill schlesinger" Discussed on WHAS 840 AM

WHAS 840 AM

01:47 min | 3 years ago

"jill schlesinger" Discussed on WHAS 840 AM

"News update at least four people are confirmed to have died in Texas, Louisiana and Mississippi following widespread. Outbreaks of severe weather about a dozen people were hurt in central Texas. When an e f three tornado touch down in the city of Franklin Robertson county sheriff Gerald Zach. This is devastating the homes the trees in the damage altogether. It's just devastating storm system brought flooding and heavy rains. We could see some amount of two to three maybe four inches. Really not to stand of the rain that we saw something warning where we had some reports of over five inches of rain over parts of the national weather service forecaster Brian Hurley, according to prediction center, there is that risk. Squall lines moving through cold fund. But the tornado with far as numbers and its intensity tornado not as high as it was yesterday. CBS news update and what he Gillette NewsRadio eight forty WHAT. Yes. Thank you, Jill on money. Where Jill Schlesinger helps. You take the mystery out of your finances. Your back with Jill on money. If you've got a financial question, we'd love to hear from you. All you have to do is send us an Email asked Jill at Jill on money dot com. April showers, baby, we're using any showers to essentially plow through emails, Mark. I thought that we were going to end all Email bonanza by the end of March, but we can't get through it. So we're going to try to go. Let's try to do this through April. And then we'll start bringing some guests back.

Jill Schlesinger Franklin Robertson Texas Gerald Zach forecaster CBS Brian Hurley Gillette Mississippi Louisiana Mark five inches four inches
"jill schlesinger" Discussed on KSFO-AM

KSFO-AM

02:02 min | 3 years ago

"jill schlesinger" Discussed on KSFO-AM

"Newsroom by Bill. Stephen the clouds have parted, and we're seeing lots of sunshine in the spring housing market says one expert calling what group chairman and former Fannie Mae executive Tim roots said on FOX business man, what a difference thirty days makes right? I mean thirty days ago before writing the epitaph on the housing market flashbacks to the housing crisis. What's of course, was all fraud and speculation and this housing market. It's really based on fundamentals. I like what I'm saying mean now coming into the spring buying season. I think everything's really working out quite nicely. Route says he's excited because home values are stabilizing interest rates remain low. Incomes are rising home buyers. This spring should have a lot easier time finding something to buy says another expert CBS news business analyst, Jill Schlesinger says. It looks like inventory, the number of homes for sale is finally starting to improve. That's really good news for the buyers. And so I would think that this is a good time to be looking low mortgage rates and also we've seen some good gains in wages over the last year and a half or so so more people can potentially enter the market. Schlesinger says the improving inventory pictures, helping slow the pace of home price growth, many baby boomer homeowners are discovering a hard truth. Millennials don't want to buy their mcmansions. The Wall Street Journal reports that large high maintenance homes popular with boomer's a few years ago just aren't selling to a new generation of buyers with different needs. And. Tastes. And the journal reports that the problem will likely get worse in the coming decade as more boomers decide to downsize, you'll have a hard time unloading their big houses, there's a truce in the bidding wars. Redfin. Reports that in the first three weeks of March only sixteen percent of offers written by Redfin. Agents faced a bidding war just a year ago in that same time period. Sixty one percent of buyers were forced into a bidding war, but keep an eye on this. Redfin. Says if the rate of bidding wars begins to increase it'll be an early indication that the market is heating backup coming up in half an hour. One state may.

Jill Schlesinger Redfin The Wall Street Journal Fannie Mae Bill Stephen Tim roots group chairman FOX business fraud boomer CBS executive business analyst thirty days Sixty one percent sixteen percent three weeks
Employment bounces back in March with 196K jobs added

Mike Slater

00:32 sec | 3 years ago

Employment bounces back in March with 196K jobs added

"Icho. Some good news in the March employment report, CBS news, Steve Kathan reports. The government says employers added one hundred ninety six thousand jobs last month. Good numbers as CBS news business analyst Jill Schlesinger. They have care industry continues to add jobs forty nine thousand in March almost four hundred thousand jobs in healthcare over the past twelve months. We also saw good gains in professional and technical services. And the nation's jobless rate held steady at three point eight percent near the lowest level in almost

CBS Jill Schlesinger Steve Kathan Business Analyst Eight Percent Twelve Months
"jill schlesinger" Discussed on WHAS 840 AM

WHAS 840 AM

03:00 min | 3 years ago

"jill schlesinger" Discussed on WHAS 840 AM

"From ABC news. I'm Michelle Franzen. President Trump is at his Florida estate this weekend attorneys also with him as attorney general William bar back in Washington pores over the special counsels. Russia report bar will decide what details will be made public ABC's. Jonathan Karl has more on what we know. So far there is a clear sense of relief that there are no more indictments for all of the speculation after twenty two months of investigation. Not a single member of the Trump family was charged with everything. But while there is that sense of relief is a cautious sense of relief. The president's legal team is keenly aware that there still may be damaging information in the Muller reports damaging information, particularly on the question of obstruction of Justice a cruise ship off the rugged coast of Norway once again moving on its own power after severe storms and winds knocked out three of the Vikings skies engines, it's now headed inland after rescue crews attempted to airlift passengers to safety ship listing in the violent waves. Passengers tossed around the deck furniture. Crashing rescuers hoisting people off the boat into helicopters one by one ABC's area. Rush f- reporting the company says twenty passengers received treatment for injuries at local hospitals in Texas, just outside Houston, a massive clean up's still underway. That's where a chemical plant has been burning for days. Authorities say they were caught off guard Friday by third flare up and containment while breach caused several chemicals to leak and burst into flames. ABC's Marcus Morris. They as high levels of benzene have been found in some waterways here. There is no indication that that toxic chemical has made its way into the drinking water. And as we move forward through the rest of the through the rest of the week. You know, classes were cancelled at several school districts on Friday because of all of this. But it's unclear what the plan is for Monday in Thailand voting underway in the first election since the military coup there in two thousand fourteen you're listening to ABC news. Newsradio eight forty W H A S. This is a Bloomberg market minute. The first new type of chocolate in eighty years is a big seller on the other side of the world in Japan pink. Kitty cats are called Kato Cacho. Asia has become the new chocolate trendsetter for the rest of the world. Analysts say replacing western Europe and North America. Some five million Kito Kato's are consumed in Japan every day in the US. Choose pleasure. Chocolate makers are still limited to dark milk and white chocolate ruby chocolates, inventor is seeking approval from the FDA. Darren Thomas Donohoe of food service results things pink hit cats and ruby chocolate will be just as popular here as in Asia. Also has lately sour flavor to it. Which is something that younger generation really enjoy that. Lisa parental. Bloomberg.

ABC President Trump Asia Bloomberg Japan Michelle Franzen Kato Cacho Jonathan Karl Kito Kato Darren Thomas Donohoe William bar Russia president Texas Thailand Vikings FDA attorney
"jill schlesinger" Discussed on WHAS 840 AM

WHAS 840 AM

09:19 min | 3 years ago

"jill schlesinger" Discussed on WHAS 840 AM

"Out of your financial life. I'm Jill Schlesinger. On money. When when we first started this show one hundred and fifty years ago, how long has it been Mark eight years ago? We said this is the show. That is not scary. Nor is it boring. It's fun, and it is fun. So I'm always happy about that. And you guys make it so much fun. So thank you as always for listening. Thanks for sending all of your great questions. If you do have a financial question, we would love to hear from you. Asked. Jill Jill on money dot com. That's a Terry dead. Terry says I'm reading that people should be completing their taxes as quickly as possible because a fraudsters. But I never get my ten ninety nine form until late February. I thought by law companies are supposed to get all tax related information. Do by January thirty one am I wrong here? No, it is supposed to be January thirty one. And so you have to call them and bug them the deal here is that. Yes. Tax season opened in late January, but the way to prevent not prevent the way to know whether you have been subject to tax identity theft is that someone has filed a return before you have. And so that's really why we try to say to people if you can get it done sooner. But Terry, I mean, I don't know the they are supposed to get Mark. You got your ten ninety nine on time. Didn't you just sent mine out for you? The end of January. So anyway, I think that just gotta have to hunt them down such a drag. I'm so sorry. Okay. Hi, Jill this is from Tom. I love your show. I listen as often as I can I had a question regarding contribution amounts into my retirement plan at work. I make about seventy thousand dollars a year, and I currently contribute. Nineteen percent. Ten percent to the Roth plan nine percent of the pre tax plan. The company matches four percent on top of that for a total of twenty three percent of my check towards my retirement plan. Should I consider placing a higher percentage into the Roth versus the pre-tax? I'm on the fence. So I split it evenly. I currently have about eighty thousand dollars saved in my work plan. Another thirty from an old company plan. I'm thirty years old burying the lead. Wow. So great. Okay, tom. Here's a deal. What you should do is I presume that the I don't know whether the match would occur. I think you have to do the pre tax plan to get the match. So here's what I would do four percent into the pretext plant everything else into the Roth. Here's why you are young. You may start earning more money. I'm presuming I'm not one hundred percent, sure. But I'm presuming that you are single in that case you are in the twenty two percent highest marginal tax bracket. And you might as well pay the tax do because twenty two percent is super cheap. So that's what I would do go for that. Roth Roth baby Roth. So good. Perfect case, by the way. Okay, David rights. He's got a deferred comp account through his employer. He had about one hundred thirty seven thousand dollars in there over the last two quarterly reports had a loss big. I'm not a big financial guy. Don't know where to start with the questions. How am I supposed to answer that man? Well, I mean, look markets are down. That's why you have a loss. They were down in the last. I think you've got these. You're you're probably referencing the third and fourth quarters. Fourth quarter specifically, but okay, you have losses, but we don't know what you're invested in. So I suggest that you get back in touch with us, you tell us more about you. And we then try to work through this together. Okay. Do that gives us more info? Okay. Kyle is a married. Thirty two year old pastor no retirement through my employer wife is currently contributing to her health care her healthcare. My I think he's saying is that his wife is currently contributing to our 4._0._1._K at twenty percent with a six percent match. He's matching he's maxing their contributions to to his Roth in vanguard fund, the vanguard Wellington fund. Is it a good choice for someone my age? Sure. But you know, you could just use to index funds. You could use the vanguard extended market index as well as the. Intermediate-term bond index maybe seventy thirty Wellington's probably fine. But it might be cheaper just use index funds. Second. Receiving the clergy housing allowance which doesn't tax my housing costs. And I get about ten thousand dollars in tax return cash each year. Should I be investing that for retirement as well? A new to most of this any helps appreciate it. Well, you didn't mention whether you had any debt or not. So we wanna I make sure you're debt free consumer debt free. We didn't talk about whether or not you have a emergency reserve fund. So we'd want you and your wife to have somewhere around. Let's call it six to twelve months of your living expenses. And if you could you could put more into retirement, but I don't know what else is going on in your life. So if for for some reason, you have maybe kids coming if that's a possibility you may want to beef up your retirement assets. I mean, your non retirement assets to prepare for that. Okay. Here's a note that we got. From somebody who wants to keep who be anonymous. Here's what anonymous says I enjoy your columns and find them easy to understand. Hurry. I keep reading about wage increases of several percentage points. I work in a very affluent public school district as part of the support staff are union consists of teachers assistance custodian school, nurses, support staff we're coming to the end of our current three year contract, which gave us a seventy five percent increase in each of the first two years seventy five. Do you think she means seven point five I think so seven and a half percent zero increase in the third year? Union president was told the days of a two percent increase are over healthcare premiums increase each year. Our increases don't come near the low rate of inflation. We're supposed to be grateful for the paltry. And quite frankly, insulting increases we receive or don't receive. I just wanted you and your readers to know that not all employees are receiving wage increases. We read about. And I get that. You know, it sucks because there are some areas of this economy that are just stuck on the other hand, maybe a nicer way to look at this. Hopefully, you can get some satisfaction. Is that you know, you are if you're in a union, and you have a pension that pension really could help you in the long run do much better than those wage increases. So maybe that will give you some sense of security. Yes, I know you're paying more for health insurance. But I I know where you're from. And if you're in the district that I think you're part of a system of the state where I think you are your health care down the line will be a really affordable healthcare plan. So hopefully that will make a difference. Okay. Mary writes that Alaska has enacted a transfer on death for real estate. What do you see as the pros and cons of registering personal real estate in this matter? Well, you know, it's it's helpful. But it doesn't do perhaps what a will would do it just sort of gives you a easy way to do that. So I would say if you are preparing your estate documents and your attorney thinks that's the best thing for you to do. Yes. Then do it. But I would really be I would really be interested in what somebody who is looking at your whole situation recommends and maybe just maybe that is something that you start to think about if it's the sort of an easy way to transfer an asset. That's great too. It's just that. I'd want a second set of eyes on it. And. And it doesn't mean that you are off the hook for doing any of your other estate planning because you still need a power of attorney a will and a healthcare proxy. So presuming you're doing all of that. Yeah. On that's great. But don't just blow the other stuff off. Okay. Please. No. These don't will be great. If you didn't. That's pretty good blowing through those emails. Mark. How many to go three hundred stop it? So mean to me just keeps piling up. Don't worry if we don't get back to you. We are still talking to you, we're answering emails were doing all the things that we should do its Jilan money. If you've got to financial question. Give us a holler. Come on the air. It's.

Mark Jill Jill Terry tom attorney Jill Schlesinger vanguard Wellington fund Wellington Kyle David Alaska president Mary twenty two percent four percent one hundred thirty seven thous
Investing: Wait For It...?

The Indicator from Planet Money

07:00 min | 3 years ago

Investing: Wait For It...?

"Things a lot of smart people apparently do with their money. It is also a question. We get a lot here at the indicator, namely, timing the market. So basically, this is just trying to figure out what the stock market's gonna do. For instance, is the stock market gonna go up. So you should go buy a bunch of stocks right away. Or you know is the market gonna go down. You should celebrate of stocks. So j. Jill timing. The market's first of all there is this classic smart person mistake, which goes something like this. I am really smart. If I put a lot of time and energy and focus on researching something I will yield better results than the schlub down the whole for me, who's throwing darts rice. That's that's really, the classic smart person homework. I'll do homework exactly know how to perform yet is like so spot on. So the problem is that first of all investing is not just about homework. It is emotional market timing classic example. So here's what market timing is generally as we speak today on this in this moment, the stock market went down at the end of December and rallied in January and continued to rally in February. And now people are writing in and saying to me. Well, I was going to invest my tax refund in my Roth IRA, but I think I'll wait because the market's going up right S. Well, yeah, you don't wanna like what if the market falls again next month? And then you're it's like when you buy a sweater, and you walk by the store three days later and the sweaters been marked down sixty percent. And you feel like a jerk jerk. Right. And so people don't want to make that jerky decision. Like that's fine for the dumb people. But I'm smart, of course. And now, I'm here to tell you that my own dumb thing was trying to time the market, and it is a class, and by the way to classic traders mistake, also that they're the reason why I could make money as a traitor in the late eighties on the floor of the commodities exchange traded exhaust were there. Any other women there? Eight women eight hundred men really yeah. It was great. I was fun. I feel like you could hold your own. But was it fun? Or was it difficult to it was it was not fun in the moment. It was a fun place to have worked. The there is one one of the the classic scenes of my life. Is that I walked home my sister. And I lived in the same apartment building at the time. And I came home, we step dinner all the time together. And so I walked in. And she was where you're trading jacket home. It's disgusting. What you got ink all over you? And I said, oh, oh that's not Inc. It's blood, and she said blood, it's all over your jacket. What happened to you? I said, oh, these two guys were in the ring, and they got into a fight and one guy head, but another guy blood splur- splattered all over me. So I turned around, and I said NICKY, are you? Okay. And then someone said a half bid for a hundred. I turned my back, and I screamed sold a fire. The ring I don't even know what happened to those two guys. They could have got. From blood lots. All right. Let's get back to market time. Yes. Market timing. But it was your job as a traitor to timely. So I really learned about money and emotions the reasons that you make a lot of money in that day and age in on a trading floors at someone would say, you know, what is the price of this thing and at one week, right, right? You say silver. You know, I will buy it at ten cents. I would sell it at fifteen cents. And you could literally have someone say buy and sell them. They could basically have both sides of the transaction happen simultaneously. And you make that nickel in the moment. That's how you make money as a traitor you grab Nichols. And the problem that is market timing. Is you have to make to brilliant decisions. You have to decide when to sell and then went to buy back in or conversely the other way round, right? So when I was investment advisor used to write a column, and I was very hyper about the technology boom of the nineteen nineties, and at the end of the boom, I wrote an article about how I was going to unload a lot of my technology stocks. And I. Thought that it was dangerous market and thought it was a genius because guess what the market fell at a bed in two thousand the only problem is that I kept writing about how it's not time to get back in. You can't do it. You can't do it. You can't do it and someone very wisely. At the end of two thousand two wrote to me and said you've missed the entire recovery of the market or is two thousand three you've missed the first year of this recovery. And I said, you know, what you're right. I got huge Ed on my face was a great lesson. It is hard to time the market and actually it's not a good. It's not even a good way to accumulate wealth. Because if you stick with your game plan over time, you'll probably be just fine. But by trying to time when to get in and out, you could really hurt yourself. You could really blow up your financial plan. And so when people say, I just got my tax refund, and I'm scared to put money into my Roth IRA, and you're twenty eight years old. I wait a minute. You're investing for thirty years from now what if you're fifty eight years old if you're fifty eight years old, and you're invite. Testing for the next. Let's say ten years, you might say I'm gonna wanna take as much risk. Okay. You don't have to invest all in stocks. You could put some money in stocks and some money in bonds and some money and cash, but I would also say to you if you're fifty eight years old, and you're investing think about this. Let's say you plan to retire when you're sixty eight you're gonna probably live twenty more years, you're not investing up until the day you retire you are investing through your retirement. So the idea that you think you can time the market is nonsense. You're probably not. So you don't have to do it. And you know, what you don't even have to be a great investor to be hitting your retirement goals, your college savings goals, you really don't which had to do is be a disciplined saver. And I just heard from a woman so funny. She said to me on the worst the says, she starts the call. I'm the worst. Tell me about that. She's well, I'm a teacher in the South Bronx. And I've worked my whole life, and I have a pension, and I had some money in our school retirement account and just had tons of money in the Bank and just the worst. I I said you're put it on her savings. Yeah. Savings because I'm the worst. I said why is that the worst? I said, you know, the hardest part of financial planning is saving bright. And so yeah, I know you wish you were more efficient than you had actually put money away. But you're in great shape, girl. You know, you got your pension coming up. You got some money in your deferred compensation plan. And you know, what the four hundred grand that's in the Bank. You're not the worst. You pretty damn good. Jill Schlesinger, author of dumb things. Smart people do with their money. Thank you. And we're going to have you back soon to answer more personal finance questions, and you know, hopefully, hear more bloody awesome stories about the

Jill Schlesinger Bank Nicky Advisor Nichols South Bronx Fifty Eight Years Twenty Eight Years Sixty Percent Thirty Years Three Days Ten Years One Week
"jill schlesinger" Discussed on WHAS 840 AM

WHAS 840 AM

06:06 min | 3 years ago

"jill schlesinger" Discussed on WHAS 840 AM

"And we are broadcasting live from the Capital One Bank studios. And this is the first weekend that you can buy my book just by it, not pre-order it by it. And I implore you to do. So should we put the segment from CBS this morning in the show notes? Tease, mark. Yeah. Let's do that. The book is called the dumb things. Smart people do with their money thirteen ways to write your financial wrongs, and we cover a lot of ground. Remember this book came about because so many of you have sent fantastic questions and have asked my advice and marks advice, and this is a compilation of not just your specific situation. But the most common mistakes that we've run across. So as a result, we put it back together. I did. But March promoting the heck out of it. And he's the best we had I'm I'm recording. This the day after the book party, which means I have a little bit of a headache because they had a big scotch at the end of the book party could eight nothing Mark. Did you eat any of the food? You didn't. I heard it was pretty good. So come on. Anyway, go by the book because it would help us, and I'm incredibly competitive with myself. So I have a number in mind of how many books I want to sell. And if you help me get there. I don't know what I'm going to give them just gonna kiss you all every single weekend. More than I already do. All right. Let's do some emails if you've got a financial questions and by the way, if I did use your financial question. I usually change the names unless you had appeared on the show we in which case, you know, you had already. Agreed. But that said this is a follow up question from somebody who wanted to know whether it was wise to fund a five twenty nine education account for seven grandchildren, and I said any more information. So she says the hundred thousand dollars that we would use comes from savings and checking accounts we've got to pensions and some income from an annuity receive only three hundred thirty three dollars a month for my husband's social security. I don't have social security because I worked in public schools. I'm seventy eight I've taken my required minimum distribution. And that increases our taxes will end up paying six thousand dollars. I mean, look if you want to do this, and you've got plenty of money. I say it's great to do. It. Don't use all of the money that is in your savings and checking accounts, don't don't burn it all up on five twenty nine plants. So if you find yourself in a situation where you're like, oh, more of this than I actually had thought. You know, more more my commitment than I actually thought that I could handle then you can pull back. It's okay. All right next question. We're going bang through this. We've got so many emails, Michael writes, my wife, and I are thinking we'll be able to retire in five to ten years in five will be fifty five tenure short before being able to start Medicare. What options are there for us? Well, you're gonna have to go to healthcare dot gov. That's number one. Number two, Michael the other place, you possibly could go is some sort of association and third your other choices. Hey, you know, what keep working or work part time for a place where you can get health insurance. Next up. D I'm gonna just say D because the name is very descriptive is seventy-two husband is ninety eight boy they sold their home in they sold. So a bunch of raw land in Oregon. They are full timing it in Arizona, I've been investing in the stock market. I wanna stop doing that we own a home that we've only we own our current home. It's worth two hundred thousand dollars, no debt. And let's see five hundred thousand dollars sitting in cash and a fellow at fidelity account four hundred thousand dollars in cash in Schwab account, Georgia fifty grand in real estate. What do you think? What is they think they want to go into a fund? You know what I would do? I think you guys actually need a game plan. You probably don't need to take a Tom ton of risk at this point in your lives. But I think you probably should go talk to somebody by the way, fidelity has some personal financial advice. That's available there. I would do that. Or I would seek a fee only financial planner who can help you out. You can go to Napa P F A nap dot org. That's where you can find one. Okay market. Let's see what else. Margaret says. What are the laws gifting and transferring assets annually? What are the limits? Fifteen grand per person. That's the number fifteen grand per person and beyond that you. If you're a couple you're married couples can give thirty grand there's a lifetime limit of gifting that you can do, but I would start with the fifteen grand. And by the way, if you actually pay bills directly you can get around that. So for example, let's say that you wanted to pay someone else's Bill for tuition that's outside of the gift tax rules. So you might want to consider that as well. Okay. Here's a unfortunately. Here's a November question, which we never got to which was should I buy it index. Now that the market has dropped which let made me laugh because if you had done that at the time, you said to do you wanted to do it the market would have gone down even more. But now, it's come back. So here's a good lesson in market timing, which is actually one of the dumb things smart people do with their money. They try to time the market, and I did that once and I write about that extensively. Mary is financially secure three million dollars invested owns her home her car paid for kids college on.

Capital One Bank Michael CBS headache Schwab Mark Medicare Mary Oregon Margaret Arizona Georgia three hundred thirty three dol five hundred thousand dollars four hundred thousand dollars two hundred thousand dollars
"jill schlesinger" Discussed on WHAS 840 AM

WHAS 840 AM

03:35 min | 3 years ago

"jill schlesinger" Discussed on WHAS 840 AM

"Content. Just use the handle at Jill on money. Now back to the show. You're back with Jill on money. And we are delighted you are with us. If you have a financial and investment attacks and education funding, a retirement in a state an insurance any question that is kind of remotely money related career. Even why don't you? Give us a holler asked. Jill Jill on money dot com. It's ask Jill at Jill on money dot com. Now, you know that Mark has put us out on every single platform in the universe, including YouTube. Thank you, Mark. Here is a note from Eric who recently found out about us on YouTube, and he's been enjoying watching and listening to videos and audio and I've chosen to self direct all of my retirement investing as at this point paying an asset under management fee. Just seems to detrimental to the overall growth. I was wondering if you would be kind enough to. To look at my asset allocation and provide some feedback a little bit about me. I'm thirty six. My wife is thirty. We have two children ten and four. Holy smokes. Did they get busy early Moi? My wife, and I combined make about one hundred twenty five thousand dollars annually. Our jobs are stable we each contribute to our 4._0._1._K's up to the employer match which is four percent. Okay. Mom, and we each max out a Roth IRA every year. I love this game plan, so good. Our 4._0._1._K's are both invested in target date funds. While we use the Roth IRA's for more tactical allocation, we do have an emergency fund. It's got four to six months of expenses saved up. Okay. Target ELS target asset allocation fifty five stocks thirty fifty five percent US stocks thirty percent. Foreign stocks fifteen percent bonds, and he uses those MorningStar style boxes for market cap and value verse. Versus growth, but okay. So Eric, here's the thing. I'm not like the hugest style box person. I'm so boring. That all I look at is with the money. You have can I just buy an extended US stock market index for the fifty five percent US stocks for the foreign stocks same deal and for the bonds some intermediate term bond index. I don't know how much money you have so far. But that's it. I wouldn't get myself completely wrapped around the axle read that big versus small. I think if you take an extended market index it gives you a little bit of everything if you wanna do just a small company in because the small companies got hammered last year, then maybe you'd say of the fifty five percent in US stocks. You know, put ten percent directly into a small cap stock index, but I think that's all you need, and I wouldn't do much more than that. It's much easier to just keep it simple and keep those costs down. And I think that's fantastic. That's good. That's pretty good in terms of just sort of thinking ahead about all of this. Okay. Let's see. Here's another one Kim rights have a few questions. I have all my money in betterman accounts. Because my job doesn't have a 4._0._1._K, and what my old Judd's did have retirement account. So when I moved roles, I wrote everything into a betterment IRA so just for betterment is an online investment platform. They used to sponsor my podcast, they don't anymore. So I'm just gonna I always put that disclosure out there..

US Jill Jill Eric YouTube Mark Judd MorningStar Kim fifty five percent one hundred twenty five thousa thirty fifty five percent fifteen percent thirty percent four percent ten percent six months
"jill schlesinger" Discussed on WHAS 840 AM

WHAS 840 AM

02:31 min | 3 years ago

"jill schlesinger" Discussed on WHAS 840 AM

"Back to Jill on money. You're back with Jill on money. I am Jill Schlesinger. So happy to be chatting with you. All right. So this is the moment where we do the shameless plugging. My new book is coming out February fifth is the drop date, but you can order it right now. It is called the dumb things. Smart people do with their money, and if somebody recognize yourselves in some of the stories, I tell that's because I was able to use a lot of the calls that we've received from you a lot of the emails. Yes. Of course, we changed names. But we really wanted to get a Representative grouping of the questions that we receive all the time. And then what I did was try to say here are the common mistakes that many people fall prey to. And the other cool thing is that we are able to tap into some of our previous guests, and when you. You read the book you'll see that there is me to store. Stony who is the neuro ophthalmologist who just was amazing. You'll see that anti Duke is mentioned you'll see that. I think Jason's wag is mentioned some of these past guests, and so when you go and buy the book, and you just do that by going to Jill on money dot com. Click on the link for the book, actually, it's right on the front door. Mark popped it right on the front door of the site. So Jill on money dot com. You'll scroll to the bottom you can see all the info about the book book advance that are coming up. I thought last year one of my favorite shows of all last year was the anti Duke show because she wrote this book called thinking in bats. She's a professional poker player. And just so many of the things that she talked about some of the emotional traps that we fall into we're incredibly useful. So, you know, I I'm pretty sure because you listen to this show, you are kind of in the mode of let me take control of my. Financial life. This is one way to do. So the dumb things smart people do with their money. Okay. Now enough of my acting. Let me get back to our interview with Nigel Travis of Dunkin brands, well, here's another example is not nothing. Sometimes I'm in the meeting assess an intense meeting unless makeup subject was weird. I'm meeting talkin about Indonesia out topic of the country. Right..

Jill Schlesinger Jill Indonesia Dunkin brands Duke Representative Nigel Travis Stony Jason Mark
"jill schlesinger" Discussed on KSFO-AM

KSFO-AM

06:45 min | 3 years ago

"jill schlesinger" Discussed on KSFO-AM

"Jill Schlesinger can help you back to Jill on money. You're back with Jill on money. And if you've got a financial question, we'd love to hear from you. Because that's fun. I mean, I love the guests. Also, I learned a lot from the guests. But I learn more from you, and all of your all of your questions, all of your honesty has really helped me understand the things that I need to do better just about make sure you get information. You need talking to people that are important that we can connect you to all of that. Okay. So last year at the end of the year, I wrote an article about estate planning in it just stirred the pot. We've got tons and tons of questions I'm still digging out from those estate questions, and I know that this is a hot issue here is Keith who asked a question about an estate planning article that I wrote, and I he basically is complaining he says, hey, you know, what you only talked about federal not state. I know I only have so many words and that article is syndicated in all the states. So. The question that is asked about your specific state or any legal challenges that are going on that state specific. So you, you know, one of the reasons that I like to tell people to get a qualified estate attorney from your state of residence is simply for this reason, you know, like the estate tax exclusion is over eleven million bucks for an individual federally. But in many states, it's lower some places it's zero. So what you need to do is make sure you talk to a qualified estate attorney. Okay. That's really that's the most important piece of this. Here's another one. This is from Joe who says there seem to be reputable online support help for creating your own legal forms for estate planning at a significant reduction in cost versus going directly to a lawyer legalzoom has one. And there are some state specific forms. What's your opinion regarding the use of these types of services at the moment? I'm single my wife passed away earlier this year, I've got no children, and I plan on leaving my assets to the nieces and nephews other than my home. My plans to leave most remaining assets the transfer on death, Ben or beneficiary designations. Thanks, joe. So look if you don't have a huge estate, I guess, it doesn't really matter. But and if you're telling me that you're gonna use legal zoom or not do anything then use legalzoom, but I still prefer an actual human being. To do it. Because I think there are some times nuances. But if that's it, and that's all you got fine. You may not have to pay as much as you think if you are worried about price, then guess sure go to legalzoom deadlock. But I'm not endorsing that. I really still believe in a qualified estate attorney to do estate planning, and here's one from Betty, Betty is ninety years old. She's a widow. She's got no will her only assets are hurt one hundred ten thousand dollar home and an investment savings account with thirty five thousand dollars both are held jointly with my daughter. She's my only air, and my IRA account worth one hundred fifty thousand is her and she's the beneficiary is the home deeded jointly this way, okay? Should I have it in my name only and a will naming her the beneficiary? Do I need a will for the smallest state? Thank you for your comments. Did you or it sounds to me? Like, you've already gifted your has you put your sister's your sister, your daughter's name on the deed. Once you did that you have now gifted her the home, which means you've also gifted her the cost basis of that home. So let me just give you how that works. You gotta home. It's worth one hundred ten grand, right? Let's say you bought it for fifty grand. If you just put your daughter's name on the deed, and she now owns it jointly with you. She now has been gifted half of the house at your cost basis. So her half that she now owns has a cost basis of fifty thousand dollars. For half will be twenty five thousand right? So the problem with that is that, you know, you created a tax liability for her where none previously existed, but I don't think you can go back now and do this. So I presume they should probably leave it as is in terms of do you really need a will. I think that it's not just a will. You know, we talked about this recently within a state attorney. And you know, I think that part of the process of planning for an estate is also about a healthcare proxy. It's also about a durable power of attorney. And so, although you're you I think that what you call. This was a small estate, it's your big life. And I still believe that you would need the help of somebody to help to to to to craft that these three documents a will a power of attorney and a healthcare proxy. I would really help your daughter also settled the estate more efficiently or deal with your with your death or a potential illness a lot more easily. And so I think that it makes more sense for you to try doing that Betty than just saying, I'll save the money. You got the money to do it. Right. You really do. So why not do this the right way? I speak. You would be well served a really do. Okay. One minute. Hold on. I got one more to do here. Mark. I'm going to be fast. This is a question that is from Elizabeth about whether or not national debt relief program is a good debt relief program. I think all these programs. Thank I think you can mostly do it yourself. And so as a result, I am going to say to you don't do it. I don't know if it's good or not. But if you need to go pay off your debt, you don't need to pay another company to pay off your debt pick up the phone talk to the credit card companies try to negotiate something lower. All right. Jill on money. Check out the website during the break, Jill on money dot com. There you can do all sorts of fun stuff. Read. Listen watch sign up for our free weekly newsletter..

attorney Jill Schlesinger Betty Joe Keith Ben Elizabeth Mark one hundred ten thousand dolla thirty five thousand dollars fifty thousand dollars ninety years One minute
"jill schlesinger" Discussed on WHAS 840 AM

WHAS 840 AM

06:47 min | 3 years ago

"jill schlesinger" Discussed on WHAS 840 AM

"Goes too high, which means the prospective return goes too low and the risk goes too high. I would be surprised Jill to see this market, go the way of the global financial crisis with subprime mortgages. I don't think that the organizations doing the investing. I'm talking about are systemically important. And I don't think they're doing it on the same kind of leverage. What's the problem? The problem. Then is that when the auction is too hot people get money? They shouldn't get on terms. They shouldn't get and that means that in the end some investors will end up having taken more risk than they should have perhaps and receive inadequate return to do. So. So would you pin that on the fed for keeping rates too low for too long, or is that would you say that that is just a market condition of bull market in general and easy money going for far too long? A little bit of each. I don't think that the fed kept rates too low for too long. I think they kept them low, but they had to to ensure that our economy made a comeback. You know in my new book, I talk about the global financial crisis at length, and I say that we've made a nice comeback from the global financial crisis. But I hope that investors won't take away the wrong lesson because they could conclude. Well, obviously, what history has showed recently is that we we can fix crises that the fed and the treasury know how to pull us out, right? And that's the wrong lesson the lesson. Well, the lesson is that these things are dangerous. And in this case if they hadn't done the right thing promptly in huge-scale. And if it hadn't worked we would now be in a depression, in my opinion. Okay. So does that mean that in whatever when the next downturn comes because they're always there is a next downturn? We have not repealed the. Economic cycle that they're going to be a lot of unhappy individual investors who went out on that risk scale who maybe don't realize what they've done. That's that's my general position. You know, I used to tell the story not quite so relevant anymore. But the guy who's sitting in his undershirt watching the Super Bowl, and he gets a statement from fidelity. And it says, you know, the yield on your money market fund is now zero the yield on your intermediate treasury funds is now zero and so he picks up the phone. He calls the eight hundred numbers is get me out of those funds that yield zero in the one that yields six right? And he becomes a high yield bond investor. He doesn't know what that means. He doesn't know what risk it entails. But he knows that you want that six is better than zero. And I think that that's an extreme description of pro risk behavior. And one of my belief is that there's nothing wrong with taking risk as long as you. Do it intelligently. You understand the risk and understand the importance of mitigating it and how to do. So. Right. The what I just described just not the intelligent bearing of risk. So I do think that money was forced out of the safe asset classes into the risky asset classes. Where maybe there was too much money chasing too few deals and the result as I say is bad decisions. Okay. So we covered your your top three. Let's go to your four five six ten number four is a high degree of specialization. So we don't have a central research department each strategy has its own research department each person is dedicated to one strategy. We don't have Jacksonville trades. And and each fund does one thing. So if somebody comes to oak tree, and they want an XYZ fund high yield bond fund me not as I say, I started at CitiBank forty years ago and are high yield bond portfolio's in forty years have never owned anything. But a high yield bond. That's not true of many funds. Many funds have some common some preferreds some distress debts, immunity, some some sovereigns other things to ghost the return is that because they got too big. Or is it simply to goose the return? Well, I think it's the Gustav return, you know, back when I was at CitiBank, my boss said to me, why don't you? Was running convertibles and high yield bonds ceases to be wanted to put some converts in the high yield portfolios because the stock market's strength could return. I said, well, I think that's a great idea. And I'll also put in some some gold and some old master paintings. We believe in giving the client what they asked for. And if they want somebody else, we'll give them that too. But it should again be a knowing conscious decision. Interesting. Okay. Specialization? What's number five five to me is one of the more interesting ones? Our investment actions are not governed by macro forecasts. Okay. That's really interesting because so many firms have that super duper economists. Who speaks to all the giants. Let me explain this to you, Mr. client, and the CFO let me tell you what's going to happen next. And why do you not do that? The macro outlook is very important. Macro drives the markets these days and has for the last. I don't know fifteen years, I think macro took over from micro sometime ago. But I don't think it's noble. We don't have an economist at oak tree. We don't have the communists in one of my good friends who who is an economist who I started working with early in my career, which probably means the late six. Called me a couple of years ago. And he said, you know, what you've changed my life. I said how is that? He says because I I've stopped making forecasts. I tell people what I see going on. I tell them what I think it means. And that's it. The point is most forecasts are extrapolations. Everybody agrees with them. If they come true. It doesn't make anybody any money, right? The forecast that would make people money are idiosyncratic forecasts of deviation from trend, and and they would be highly profitable. But they're rarely right. So what that says is that to me that you have you have a consensus forecasts, which are usually right, but not profitable and idiosyncratic forecast, which are potentially profitable it. Rarely right. Why do it right go to the trouble? That's so interesting and the and and to put it in slightly different terms. But really saying the same things the goal as you know, is to be a superior investor if we are not superior. We we have no edge. We have no reason for for being. It has to come from seeing things differently and doing things differently and having a superior insight, and I just don't believe that it's possible to have a superior insight in the macro, which is a Connie's markets currencies and rates. We spend all our time trying to know the micro companies industries insecurities and doing so better than others. Okay. We will get back to our interview with Howard marks when we get back.

fed CitiBank depression Jill huge-scale giants oak tree treasury Gustav CFO Jacksonville Howard forty years fifteen years
"jill schlesinger" Discussed on KIRO Radio 97.3 FM

KIRO Radio 97.3 FM

06:52 min | 3 years ago

"jill schlesinger" Discussed on KIRO Radio 97.3 FM

"Back to the show with Jill Schlesinger. You're back with Jill on money. Someone said something about I had no idea what it was. And I had to then say to Mark. And he says, I believe that his Instagram. Oh, I get it. We have an Instagram account here. Jilin money marks running it rocking. It. I sent him stuff. He takes care of everything else. So great. If you've got a financial question, we really would love to hear from you. You know, we're not going to make you crazy. We're going to try to do this with a little bit of a sense of humor. And sometimes when you come on the air, I probably can get a little bit more information out of you. But you know, regardless feel free to give us a holler. The Email address is asked Jill at Jill on money dot com. Mary wanted to know about social security question. She's married and rights. I receive a social security benefit in the amount of four hundred thirteen dollars a month. I also receive a retirement income in the amount of six thousand eight hundred sixty dollars. I don't know if that's a monthly. I don't know if that's monthly income. But if it is a good number. Okay. Mary's question, I had a prior marriage that ended in divorce. I was married for twelve years that's important gang. Because when you look at an x if you're married for more than ten years, that's kind of the the big marker in terms of social security now that husband passed away in two thousand fifteen the question is am I entitled to any further social security benefit? I've been told I'm not she says due to my retirement income. But I don't think that's the issue. I don't think the retirement income would do it. The question is whether half of your ex husband's benefit would be more than the benefit you receive. I don't know if you're looking for. You know, the half of his retirement benefit, or what have you? But I'll tell you what. And as one guy who was sort of like talks about social security all the time said to me recently when you have a question, call social security, it's like a pain in the neck, but it is actually worth doing. So I would check that out. I don't I think that it may be it's not because of your retirement income that would prevent you would probably be that the benefit amount may not be worth it for you. Which is completely different. Right. Okay. Next question. Okay. Here is from Sherwin. And he said, I agree with your recent comment about assuming that your advisers puts you first even with the best of intentions of many advisors rationalize recommendations that might be good, but not necessarily mentioned others that are better. He is a CPA with fifty two years experience. And he says I can simply state that ethics cannot be taught either one truly looks out for his clients best interest or does not the new fiduciary standards, not going to change any of this the standards just restate with the ethics had required. With the biggest difference being the disclosure of fees. Compliance has tried to enforce the concept of do share responsibility. For decades, one thinks that laws and regulations will cure everything. But for the most part is just a form of substance and nothing really changes. We've all experienced people who had stayed with advisers because a Representative was nice, and the client has difficulty accepting that the performance of the portfolio was below similar standards based on risk investors. Need to be educated. That's the proper questions to ask advisors than seek. A couple of other advisers presentations before choosing one your thoughts on my comments would be appreciated. I disagree. I think you're right. You cannot. I think that the fiduciary standard would basically make practices that are currently commonplace a lot harder to justify. I think it would be very hard to justify how you would put a theory new itty. Take a you know inside of an IRA umbrella. I think that there are certain things that would just become less common in terms of what people do and. Yes, you know, you'd like to believe that everybody is either ethical or not. But I do think that rules and regulations kind of rain people in and help you understand at least the nature of the relationship you have. So that's just my two cents. Okay. Cynthia writes that she lives in California property taxes are painful, she's trying to figure out the best approach to the dilemma and better way to plan for next year. She says I want to put some money away monthly and have it ready for next year. What's your suggestion? Cd money market. What sites are there? And how can I get myself? A really good site is deposit accounts dot com, and there you're gonna find some higher yielding money market accounts. Some of the online products are great the we had the guys Marcus by Goldman Sachs. They have a very good product out there. And I think that I've been I think that you know, if you can get a couple percent, and it's liquid. That's probably where you wanna go. I don't think that a CD's going to work as well because you're putting small dollars to work at intervals. So that's what I would do Cynthia checkout deposit accounts dot com, look for the higher yielding money markets, and it's probably going to be with an online Bank like a Marcus by Goldman Sachs. That's. My wreck. Okay. You are listening to Jill on money. And maybe during the break what you should do is go onto the website Jilin money dot com. Bookmark it and be sure to check out my book where you can preorder that book right online. Just click on the link that says the book so easy and the book is called the dumb things. Smart people do with their money, the dumb things smart people do with their money. You know, we all do them. Some dumb things have happened in the form of a crazy investment where someone gets caught up in the euphoria something like a bitcoin investment. I wonder what producer can relate to that. Okay. You are listening to Jill on money when we return more of your questions. We'll be right back. Seattle's most important conversations are right at your fingertips with.

Jill Schlesinger fiduciary Instagram Jilin Cynthia Goldman Sachs Mary Mark Seattle Sherwin producer Representative Marcus California six thousand eight hundred six four hundred thirteen dollars fifty two years
Jill Schlesinger, Business Analyst and CBS discussed on Wisconsin's Morning News with Gene Mueller

Wisconsin's Morning News with Gene Mueller

00:35 sec | 3 years ago

Jill Schlesinger, Business Analyst and CBS discussed on Wisconsin's Morning News with Gene Mueller

"Your money stock markets, sinking extending losses from Wall Street yesterday futures now showing another drop which saw major indexes tumble on Wednesday. Investigators were investors rather worried higher interest rates will dent company earnings CBS news business analyst, Jill Schlesinger. When interest rates brise investor. May say wait a second. I've made a lot of money in the stock market over the last few years. Maybe I'll take some of the money I made in the stock market and now put it into the bond market because I'm getting a higher interest rate. You European markets are all down today after Asia

Jill Schlesinger Business Analyst CBS Asia
Six more women accuse CBS CEO Leslie Moonves of sexual assault or harassment

Clark Howard

00:52 sec | 3 years ago

Six more women accuse CBS CEO Leslie Moonves of sexual assault or harassment

"Moonves says will resign as sexual misconduct allegations against him double to twelve CBS's. Jim taylor. More women are lining up to accuse the CEO of CBS of sexual harassment. CBS does say it's taking the new charges. Very seriously. Six additional women raising the salt claims against CBS chief executive Leslie Moonves report in the New Yorker where six women already made similar claims against him move as hold the New Yorker he had consensual relationships with three of the women CBS has been investigating the allegations. But CBS Jill Schlesinger says the do accusations raise even more question. What is the culture that has been allowed to metastasized for so long that allowed this to occur? And how are we going to address it? I think that's what shareholders wanna know what employees want to know. And that's what the public wants to

CBS Les Moonves Jim Taylor Pam Coulter Jill Schlesinger North County CEO Harassment Chief Executive
US, China invoke new tariffs, launching full-fledged trade war

Armstrong and Getty

02:51 min | 3 years ago

US, China invoke new tariffs, launching full-fledged trade war

"Cbs news on the hour sponsored by theraworx relief i'm deborah rodriguez the trump administration's kept its promise at a minute past midnight at enacted thirty four billion dollars worth of tariffs on chinese imports beijing immediately retaliated with levies on us goods business analyst jill schlesinger how will the us china tariffs actually impact consumers the answer is we don't know yet while the us chamber of commerce said the tariffs would place the cost of china's unfair trade practices squarely on the shoulders of american consumers manufacturers farmers and ranchers there's also the possibility that if wholesale prices rise those increases will not be passed on to consumers china is calling it the largest trade war in economic history asian stock markets closed higher s and p futures are down four scott pruitt is out at the epa but environmentalists still aren't satisfied live to washington and correspondent steven portnoy environmentalists are unhappy because pruitt's deputy andrew wheeler takes over on monday a former republican senate staffer and more recently a coal industry lobbyist wheeler was confirmed in april for the number two slot at epa he's expected to continue carrying out scott pruitt's mission of slashing environmental regulations in his resignation letter yesterday the scandal plagued pruitt pointed to unrelenting attacks that he said taking a sizable toll deborah a tie navy seal has died in the effort to rescue twelve boys and their soccer coach who've been stranded in a flooded cave for fourteen days reporters sophie lang from chiang rai is all with helping supply the voice paved with oxygen he was making very difficult five hour journey fact when he became unconscious gets a rush against time with cruise pumping water out of the cave others looking for alternate ways in torrential rains expected tomorrow a wildfires jumped i five at the california oregon border closing the freeway to traffic for one hundred twenty miles both ways cal fire suzy brady says one thousand people have been ordered out evacuation order has gone affects all all the way north to the border the jobs report for june comes out in an hour and a half with two hundred twenty three thousand jobs created in may and unemployment holding steady at three point eight percent economists mark hamrick says the amount were making is the achilles heel wage growth and this expansion has been the single most appointing aspect and most recently we saw that average hourly earnings had increased year over year two point seven percent that's well below where we would have thought we would have been with unemployment as low as it is elvis costello canceling the rest of his european tour he says he's undergone surgery for an aggressive form of cancer.

Beijing Elvis Costello Sophie Lang Soccer Senate Andrew Wheeler Steven Portnoy Washington Us Chamber Of Commerce Business Analyst Deborah Rodriguez CBS Mark Hamrick Suzy Brady California Oregon Border Chiang Rai EPA Scott Pruitt
Spy agency NSA triples collection of U.S. phone records: official report

02:07 min | 4 years ago

Spy agency NSA triples collection of U.S. phone records: official report

"Wpro friday saying the special counsel should not have unfettered power at a hearing in the fraud case involving former trump campaign manager paul manafort judge t s ellis accused muller of using criminal cases to pressure trump allies to turn against him cbs's major garrett during his address to the national rifle association convention in dallas the president came to the defense of indicted former campaign chairman paul manafort dow paul manafort's a nice guy but you know he worked for me perverse short period of time literally trump delighted the pro gun crowd by reading from an article give me that article summarizing federal judge t s elefsis sharp questioning of special counsel robert muller's indictments of manafort court friday hearing the third time manafort is trying to get the charges against him dismissed national security agencies use of cyber surveillance continues to grow the nsa collected five hundred thirty four million records of phone calls and texts sent by americans in two thousand seventeen and if it sounds like a lot it is in fact it's more than triple the records collected in two thousand sixteen why such an uptick report from the office of the director of national intelligence doesn't say a spokesman says in a statement the government hasn't changed methods when it comes to obtaining call detail records but that doesn't satisfy privacy advocates worry about further government overreach into the lives of us citizens they'll rakoff cbs news washington the latest employment report shows job growth last month of sixty four thousand and the one hundred sixty four thousand and the unemployment rate dropped two ticks to three point nine percent cbs jill schlesinger look at the last four months six months or one year and we're in good shape this year we're averaging two hundred thousand jobs a month and considering that we're this deep into a recovery that job number is pretty darn strong baseball season's second no hitter last night as the la dodgers beat the san diego padres four to nothing with four pitchers sharing the no hit honors the game played in monterrey mexico this is cbs news now the best time of year to wrap up insertive comfort wrapup in comfort today with certa icomfort find a retailer at cirta retailers dot com.

Fraud Cirta San Diego Baseball Jill Schlesinger Washington Chairman Dallas National Rifle Association CBS Wpro Monterrey Mexico La Dodgers Director Robert Muller Dow Paul Manafort President Trump Garrett
US-China trade rift could squeeze growth and hurt consumers

Rick and Bubba Show

00:54 sec | 4 years ago

US-China trade rift could squeeze growth and hurt consumers

"The dow and a couple of weeks investors sold stocks in great numbers worrying that tariffs and tough talk between the us and china will touch off a trade war cbs business analyst jill schlesinger the uncertainty is what's moving the market when you talk to big investors what they fear right now is that even if president trump and his team are using this kind of rhetoric just for negotiation that they may find themselves or stumble into a trade war inadvertently investment advisor michael barr says a trade war will hit american consumers where it hurts what we're doing is raising prices we import a lot from china and those prices are going to be going up white house press secretary sarah sanders said today that president trump will remain tough he says americans may have to suffer a little pain but that the country will come out stronger in the long run cbs news updates i'm gary nunn.

United States China Business Analyst Donald Trump Michael Barr Press Secretary Sarah Sanders Gary Nunn Jill Schlesinger President Trump Advisor White House CBS
"This can be a very mean-spirited town," Tillerson says in farewell speech that doesn't mention Trump

All News, Traffic and Weather

02:38 min | 4 years ago

"This can be a very mean-spirited town," Tillerson says in farewell speech that doesn't mention Trump

"In the low forties traffic and weather together coming up good afternoon i'm rod fritz wbz news president donald trump signed an order today that paves the way for imposing tariffs on as much as sixty billion dollars worth of chinese imports to punish beijing for what he said is the theft of american technology and the chinese pressure on us companies to hand it over china has already warned that it will take all necessary measures to defend itself raising the prospect of a trade war between the world's two biggest economies more reaction and the latest from cbs news update announcing the us will impose fifty billion dollars in tariffs against china president trump said a short time ago at the white house doing things for this country that should have been done for many many years we've had this abuse by many other countries mr trump explained the word that i wanna use this reciprocal when they charge twenty five percent for a car to go in and we charge two percent for their car to come into the united states that's not good he said these tariffs are response to china's theft of us technology business analyst jill schlesinger in retaliation it looks like the chinese government is set to really target some big us manufacturers of food specifically the chinese could impose tariffs on everything from soybeans to corn and that a very big export product for the us cbs news update i'm dave barrett more on this and reaction throughout the afternoon here on wbz meanwhile the house in washington is okay day one point three trillion dollars spending bill it will go onto the senate now defense was the big winner in this latest effort to keep the government open one of the greatest priorities here was to rebuild the military and this bill will provide the largest year every year increase in defense spending since world war two it'll be the largest increase for men and women in uniform in salary in the last ten years that's white house legislative affairs director marc short and moments ago former secretary of state rex tillerson bid farewell to state department employees in a brief speech tillerson credited employees for their commitment to their job and country and ask them for one thing in his absence thing i'd like to ask that of you undertake to ensure one act of kindness each day towards another person this can be a very mean spirited town.

Marc Short Director Analyst Mr Trump CBS President Trump Fritz Wbz Tillerson Donald Trump Senate Washington Dave Barrett Chinese Government Jill Schlesinger United States White House China
Bratz toy maker's CEO wants to salvage Toys "R" Us

Rick Jensen

01:04 min | 4 years ago

Bratz toy maker's CEO wants to salvage Toys "R" Us

"Be id badges will also be implementing a program with clare backpacks for all the students starting after spring break we are also going to funnel students and visitors to some confined points where we're actually gonna wind folks the ceo of the company that makes bratz doll says he and other investors pledged two hundred million dollars in an effort to save at least some of the toys r us chain the group plans a crowd funding effort to raise four times that amount business analyst jill schlesinger unlikely to be a hundred percent toys r us back online but maybe some portion of toys r us will be able to survive the plan is to bid for up to four hundred of the seven hundred forty toys r us stores that are due to shut down wall street right now the dow is down three hundred ninety nine points this is cbs news zoom video conferencing featuring video and audio clarity with screen sharing free accounts are available at zoom dot us that's zoom dot us zoom.

CEO Business Analyst Clare Jill Schlesinger CBS Two Hundred Million Dollars Hundred Percent
Martina Navratilova: John McEnroe was paid 10 times as much for Wimbledon commentary

Midday News Break

02:13 min | 4 years ago

Martina Navratilova: John McEnroe was paid 10 times as much for Wimbledon commentary

"Dealing with someone who's using trip wires shows a higher level of sophistication a higher level of skill three earlier devices were doorstep package bombs blamed for two deaths this woman who lives near what happened last night says people are on edge and taking precautions real situation now it's not you know oh don't touch any packages it played no seriously like if you see anything weird you know stressing it to your children students are back at class today at florida international university campus shaken up by last week's deadly pedestrian bridge collapse cbs's marc trestman in miami this is somber day but it's also a day that this university probably needs not forget of course what happened and never get completely beyond it but they they can move somewhat passive there will be a moment of silence today lawyers are filing the first lawsuit over the collapse clair's stores has filed for chapter eleven bankruptcy jewelry and accessories chain says it's confident it will emerge from that proceeding with stores intact and debt under control business analyst jill schlesinger players like toys r us is also a victim of putting together financial deals with private equity firms that saddle the company with debt bill rakoff has the results of new study that asked a key question of young people thirty three percent of recent high school graduates in the colorado state study report writing with an impaired driver at least once in the previous year in addition the survey shows that young adults are more likely to ride with a driver impaired by marijuana than a driver who was drunk over decades women fought for pay equity on the tennis court now some of those stars are in the broadcast booth nine times wimbledon champion martina navratilova says she makes about twenty one thousand dollars providing wimbledon commentary for the bbc so imagine her surprise when she found fellow commentator john mcenroe on the list of the broadcasters highest pay talent is getting at least ten times as much money the bbc insists mcenroe's on a different kind of contract playing a more central role to it's wimbledon and coverage navratilova says she's asking her agent to negotiate a bigger paycheck this time around the key barker cbs news london losses mounting on wall street the dow is down three hundred eighty seven points nasdaq is down.

CBS Marc Trestman Miami Clair Business Analyst Marijuana Martina Navratilova BBC John Mcenroe Florida International Universi Jill Schlesinger Colorado Tennis Twenty One Thousand Dollars Thirty Three Percent