Jill on Money: Credit, taxes, retirement

generic call-in radio show for Jill Schlesinger

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John Ulzheimer is the only recognized credit expert who actually comes from the credit industry, which is why I asked him on the show as a guest to provide his keen insight. John outlines the differences between a secured credit card and a debit card; the CFPB's desire to crack down on debt collectors and credit rating agencies; and an analysis of Suze Orman's new debit card, which he calls "the cream of the crap".

The questions keep pouring in from folks like Debbie, Dennis and Garry, who all want to squeak out more interest from savings, but I'm starting to worry that people are spinning their wheels a bit on the topic.

Marilyn, John and Jan called about their retirement accounts. In each case, it sounded like they could use a little professional advice from either a fee-only (hourly) or fee-based (a percentage of asset under management) financial advisor. Remember, not everyone is cut out to manage his or her own money and the cost of assistance may help prevent you from making a big mistake with your nest egg.

Representing the 404 fans, Chris is trying to decide between an IRA and a brokerage account and Alan is overwhelmed by a recent influx of $50,000.

Finally, I encouraged Sandy to consult an estate attorney regarding her elderly parents. She is concerned that they are no longer able to manage their finances and wants to help them protect and conserve their assets.

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

-- Jill's Blog

-- John Ulzheimer's blog

-- 9 Questions to Ask a Financial Advisor

-- NAPFA: National Association of Personal Financial Advisors (fee-only advisors)

-- 18 Tax credits and deductions to take this year

-- National Foundation for Credit Counseling

-- 529 plan info

-- Financial documents: What to shred, what to keep

-- Estate Planning: the Documents You Need

-- Mutual fund cost basis methods and calculator

Thanks to everyone who participated and to Mark, the BEST producer in the world and our intern, Sehar. 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 Emmy-nominated, Business Analyst for CBS News. She covers the economy, markets, investing and anything else with a dollar sign on TV, radio (including her nationally syndicated radio show), the web and her blog, "Jill on Money." Prior to her second career at CBS, Jill spent 14 years as the co-owner and Chief Investment Officer for an independent investment advisory firm. She began her career as a self-employed options trader on the Commodities Exchange of New York, following her graduation from Brown University.