Jill on Money: Financial advice, defensive and index investing

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During the week, I interviewed Henry Blodget, CEO of Business Insider and pulled this snippet about investing, because it's perfect for "Jill on Money" listeners. It's just one minute, so check it out:

This advice is relevant for Elaine, in IL, a widow with large amount of money to invest, JD in KY, who needed a second opinion about his financial advisor and the portfolio itself, as well as John in CT, who recently sold his business and wants to know what he should do with the proceeds.

Jerry in CT is worried about a dollar collapse, so we talked about defensive strategies, while the most defensive strategy of them all went to Edwina, who is faced with earning less than 0.5 percent on her checking account or paying off a low interest loan.

Both Rasheed and Laura needed some tax planning advice--see links below on rules around deducting student loan interest and self-employment tips.

Here are web sites and resources mentioned in this week's show:

9 Questions to Ask a Financial Advisor

Best CD Rates

Where to Stash Your Cash

How to generate income from your portfolio

Deducting student loan interest

Tax Deductions for freelancers

Self-employment tax planning

Thanks to everyone who participated and to Mark, the BEST producer in the world. If you have a financial question, there are lots of ways to contact us:

Call 855-411-JILL and we'll schedule time to get you on the show LIVE

Send an email: askjill@moneywatch.com

Tweet me: @jillonmoney

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    View all articles by Jill Schlesinger on CBS MoneyWatch »
    Jill Schlesinger, CFP®, is the Editor-at-Large for CBS MoneyWatch. She covers the economy, markets, investing or anything else with a dollar sign. Prior to the launch of MoneyWatch in 2009, Jill was the chief investment officer for an independent investment advisory firm. In her infancy, she was an options trader on the Commodities Exchange of New York.

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