Ask The Experts: Obama Tax Cuts, Rising Mortgage Rates and Year-End Planning
It's the birthday edition of "Ask The Experts," where we discuss everything tax. [video=490533]
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Jill Schlesinger, CFP®, is the Emmy and Gracie Award-winning business analyst for CBS News, where she translates complicated business and economic news into understandable, relatable topics for everyday viewers and listeners.
Schlesinger covers the economy, markets, investing and anything else with a dollar sign on TV, on the "Jill on Money" podcast, radio (including her nationally syndicated show, "Jill on Money," which won the 2018 and 2021 Gracie Award for Best National Talk Show), the web and her blog, "Jill on Money." Jill also won a 2018 Personal Finance Reporting Award from the Radio Television Digital News Association (RTDNA)/National Endowment for Financial Education (NEFE).
Prior to her second career at CBS, Schlesinger 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.
Schlesinger's second book, "The Great Money Reset," was published in January 2023 by St. Martin's Press and her first book, "The Dumb Things Smart People Do With Their Money," was published in February 2019 by Ballantine Books.
It's the birthday edition of "Ask The Experts," where we discuss everything tax. [video=490533]
My friend Mike the Mortgage Man says that his clients are freaking out. "People were waiting for 30-year mortgage rates to drop under 4 percent..." I finished his statement with the obvious: "and now they are screwed!" Why do people do this to themselves repeatedly? Over and over, they wait t...
The Obama tax cut framework hasn't yet been signed into law, but here's an early scorecard of winners and losers: Winners Republicans: They got everything they wanted--extension of all Bush-era tax cuts; payroll tax reduction; estate tax exemption level at $5 million. I wouldn't really count ...
When President Obama announced the new framework for taxes last night, there was a little something for everyone. I discussed the proposal with WCBS-TV this morning. [video=489680] Extension of the Bush-era tax cuts for all tax payers for two more years Maintenance of the dividend...
I was on the treadmill when the breaking news headline hit: "Obama to extend Bush tax cuts for two years," at which point the guy next to me literally yelled "I can't believe he caved!" Believe it or not, the man who once claimed that he felt a moral imperative to right the wrongs of the 2001 and...
Federal Reserve Chairman Ben Bernanke appeared on "60 Minutes" last night to set the critics straight. Apparently, those who have questioned the wisdom of the Fed Chairman's $600 billion bond buying plan (aka "Quantitative Easing") haven't considered "the risk of not acting." In defense of the c...
Why accost poor, unsuspecting advice-seekers in Manhattan only? For this episode of Editor-at-Large, we traveled across the Hudson to New Jersey, where I dole out holiday shopping advice, that is sort of boring, but works! [video=486228]
The Commerce Department said that companies made more money in the third quarter of this year than in the sixty years that they've been tracking this data. Yes, I know that the numbers are not adjusted for inflation, but when you see an annual rate of $1.659 trillion, well it sure does take your bre...
Are you scratching your head, trying to come up with a good gift this holiday season? Check out this segment for a little direction... [video=481389]
According to the Wall Street Journal, "giving thanks is good for your health." I really do believe that and coincidentally, I had planned this segment with CBS3 before the article appeared. Yes, it's been a pretty awful few years, but three years after the onset of the Great Recession, here are a...
When I read Carla Fried's post "Why You Should Avoid Black Friday Entirely This Year," I knew that it was perfect for an interview with WCBS-TV. As you might expect, retailers play a little fast and loose with Black Friday, employing the oldest sales trick in the book--"bait and switch," but fear no...
Ben Bernanke has come under pressure lately. First, there has been criticism about his $600 billion bond buying plan, which has had, in its first couple of weeks, almost the exact opposite of its desired effect: rates are higher (the rate for a 30-year, fixed-rate mortgage averaged 4.39 percent last...
I was delighted to participate in a terrific segment with "CBS News With Katie Couric," (produced by the always-awesome, Guy Campanile) which focused on the US debt and deficit and why it matters to all of us. If you missed the interview that CBS News Correspondent Nancy Cordes conducted with the co...
You're more likely to become a victim of identity theft during the holidays than at any other time of year, says Adam Levin from Identity Theft 911. Adam explains how to protect yourself with common sense and holiday tips for online shopping. [video=485281]
The GM IPO has been the biggest financial story this week. To me, the only thing that I really care about is: when will US taxpayers break even on our bail out of the storied automaker--that's the question I discussed with WCBS-TV this morning: [video=485521]