Plus: When to quit on your 401(k), workouts with Jillian Michaels, moving your small biz online
| | | Should I Stop Contributing to My 401(k)? Depends on why you're asking By now we can all recite by heart the reasons we're supposed to ignore stock market calamity and continue to contribute to our 401(k), 403(b) or other workplace retirement plans. You know — the tax break, the free money (aka employer match), stopping now means certain long-term investment losses, etc. The thing is, right now may be a very good time to quit your 401(k). There. We said it. We also have a lot of other things to say if you moved into cash when the stock market was tanking, are tempted to retreat to bonds, if your company reduced or eliminated the employer match and if you feel completely lost right now. See HerMoney’s answers to your 401(k) investing questions. Plus: Daily Rituals, Self-Care and Healing (Or: Buy Yourself the F*cking Lilies) As we all learn to navigate a "new normal" of a world during the coronavirus, it’s important to look for life’s silver linings. Author, playwright and entertainment executive Tara Schuster shows us how to do just that in this week’s HerMoney Podcast.* The title of her new book succinctly sums up her advice: "Buy Yourself the F*cking Lilies And Other Rituals To Fix Your Life From Someone Who Has Been There."
Tara and Jean talk about what it means to actually buy yourself those $7 lilies: "We don’t grow stronger by denying ourselves and saying ‘I’m not worth it.’ We grow stronger when we treat ourselves well, and give ourselves the nurturing we need." And also why gratitude isn’t just a "woo-woo" practice for the privileged.
In Mailbag, Jean and Kathryn tackle questions on home buying during the time of Coronavirus, funding a child’s college education with money from an IRA, and how the IRS will determine how much money everyone will receive as part of the stimulus check initiative.
The Only Quarantine Workout You’ll Ever Need, With Jillian Michaels While millions of us are working from home, far fewer of us are taking the time to work out from home. Yet exercise is necessary to release feel-good endorphins to help reduce stress and fatigue and increase energy and fend off disease. Just 30 minutes a day can go a long way in improving your mental and physical health while on lockdown.
We asked Jillian Michaels, health and fitness expert and creator of the Jillian Michaels Fitness App, to guide use. Check out her eight tips to help you sweat out your stress and work out from home. How to Survive Going from a Dual-Income Household to a Single-Income One It happened. You or your partner lost their job or was furloughed. The divorce is final. Or worse: Your beloved passed away. Experiencing a major pay cut — going from a dual-income home to a single-income household — can feel destabilizing, to say the least. But you don’t have to manage it all on your own. Here are five things to do to re-establish financial security in your household after a chunk of your income goes away.
How to Move Your Business Online for Less Than $200 Small businesses that depended on face-to-face sales before the coronavirus pandemic are suffering. With shoppers stuck at home, the only way to reach them is through their screens. But what if you have only a minimal online presence, or a site that can’t take credit cards? Don’t let a lack of tech-savviness or budget prevent you from pivoting into a new approach. We’ve got you covered.
Turning your bricks-and-mortar store into an online business has never been easier, or cheaper. Here’s a four-step plan to opening your virtual storefront.
3 Ways to Stay Financially and Mentally Healthy Right Now Are you feeling all the feels? Anxiety, fear and feeling scattered about life and money are normal right now. If you’re feeling all the feels, don’t dismiss them. Heed the advice of financial therapist and wellness advocate, Amanda Clayman, about how to keep our heads — and our financial lives — above water. |
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| | | *This is a sponsored podcast, and it’s a part of a paid campaign with Fidelity Investments, which means we were compensated for this piece of educational content. Thanks! |
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