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Jill on Money: Income, retirement, student loans

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After the Fed decision to keep interest rates low, where can you turn to beef up your income? (For more on the Fed decision, see "Fed forecasts: Should you care?") Low rates are eating away at good savers, general investors and retirement planners alike.

Charles from MI wants to increase the income on his portfolio. In addition to laddering CD's and investing in a diversified bond fund, we talked about dividend-producing stocks. A no-load fund like Vanguard Dividend Appreciation (VDAIX) or ETF's like SPDR Div ETF (SDY) or iShares High Dividend Equity Fund (HDY) would help round out a diversified portfolio.

Savers are having a rough time, whether they're trying to earn more than 0.05 percent interest like Tina Beth from NYC or just juggling accounts like Dan from Charleston, WV.

We got a bunch of retirement questions, starting with Ann, who had questions about Medigap insurance, Social Security, long-term care and investment management. Peggy wants to know about rolling over an old 401k and Jeff weighed in with information for other listeners--the concept of equal periodic distribution from a 401K. Jack followed up on an earlier question about using retirement funds to purchase income property.

Thanks to a tweet from @JoJo_runnr, I touched on which financial issues to discuss before marriage. (I linked to a couple of useful articles below that cover money and relationships.)

We covered questions about student loans from Matt and Ben, both of whom sound very responsible for guys in their twenties! Meanwhile, after getting a second chance in her financial life, I encouraged Christie from CA not to blow it!

Chris from MI asked about establishing an account for his son, who has some minor disabilities and also wanted to know the age-old question: how much is enough for retirement? Joe poses another age-old question: am I doing enough to mitigate my tax exposure?

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

-- Jill's Blog

-- The Pre-Wedding Money Talk

-- Who's the family CFO?

-- 9 Questions to Ask a Financial Advisor

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

-- Best CD Rates

-- Where to Stash Your Cash

-- How to generate income from your portfolio

-- Social Security estimator

-- When to take Social Security?

-- Social Security File and Suspend

-- Social Security: Double-Dipping

-- Retirement Calculator

-- IRS Substantially Equal Periodic Payments

-- Student Loan Consolidation

-- Medigap insurance

-- 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 to our new intern, Sehar, who made it through her first two shows. 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:

Tweet me: @jillonmoney

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