So Money with Farnoosh Torabi

We’re dedicating this entire episode to probably the biggest question I get from listeners: Should I work with a financial planner? We’re addressing your top concerns and questions about working with a financial advisor with guest Pam Krueger, a seasoned financial journalist and the creator and co-host of MoneyTrack, which ran on PBS stations nationwide.Pam is also the founder of Wealthramp, a platform that has matched over 20,000 individuals with fiduciary advisors and financial planners since 2019 and boasts client retention rates exceeding 98%. Wealthramp's vetted advisor network spans the country and offers diversity in geography, specialization, gender, and fee structure. No matter your income or asset level, Wealthramp is flexible, and can accommodate your needs with various project scopes and fee options.I'm excited to announce my collaboration with Pam and Wealthramp to connect So Money audience members with top-notch, fee-only financial advisors. Visit wealthramp.com/farnoosh to start the easy process of finding an advisor or planner aligned with your needs, goals, and budget. The initial meeting with any advisor is free. One thing I especially like about Wealthramp is the advisors they recommend can’t contact you unless you ask them to - your information is protected, and you’re in control. Again, the website is wealthramp.com/Farnoosh.

Join Farnoosh's private community to up-level your finances at SoMoneyMembers.Last day to join Book to Brand in NYC.This week's questions: Does it ever make sense to withdraw early from a 401k to pay down debt? What investing fees should we watch out for? Is my target date fund OK, or should I expand my investments?

The average worker believes they need over $1 million to retire comfortably. How can small business owners secure this lofty financial goal for themselves and their employees with less stress? Guest Jean Smart is the founder and CEO of Penelope, a fintech company that is disrupting retirement solutions for small and micro businesses. Penelope (named after her daughter) was inspired by her personal experiences, as Jean is the daughter of Korean immigrant business owners who were not prepared for their own retirement.

Jannese Torres is an award-winning Latina money expert. She became an accidental entrepreneur after a job loss inspired her to turn her food blog into a six-figure business. Throughout the years, her passion for entrepreneurship led her to notice a gap in the conversation around money. Her debut book, Financially Lit, offers culturally relevant and relatable personal finance advice to make you feel seen, heard and understood. Whether it’s the guilt you feel from being the first person to “make it” while members of your family are still struggling or the way financial trauma manifests itself in negative and limiting beliefs around money, Torres is here to guide you through it all. Check out Jannese's first interview on So Money.

Registration for Farnoosh's investing workshop closes soon. Secure your spot here.This week: Helping a listener who's overwhelmed by credit card bills; Should a listener quit her job if she is the breadwinner? And should another listener take an early retirement package if they still need to make money?

So Money has officially won the 2024 Webby for BEST LIVE EPISODE RECORDING with comedian, actress and author Michelle Buteau. Relive the magic of that episode today, as Michelle shares her struggles and wins, rising through the world of show business and comedy. Learn about her investments, savings strategies and financial hopes for her two children. (This episode aired originally on August 21, 2023)

In her new book The 50/50 Solution, creator of the Wealthy Single Mommy community Emma Johnson showcases the robust research proving that, in the vast majority of cases, equal timesharing is the best outcome for everyone in a family where the adults no longer live together. The 50/50 Solution will show you that equal parenting time leads to better physical, emotional, and mental health for children of divorce, higher career earnings for single mothers, fathers who are more engaged and whose rights as parents are preserved and far less parental and legal conflict.

Register for Farnoosh's Investing Masterclass on April 29Prospective Authors: Join Farnoosh at Book to Brand in NYC - few seats left!Join the Waitlist for the So Money Members ClubToday's show: The benefits of credit cards, recommended stock portfolio allocations and resources for helping kids learn about money. Plus: How to execute a Roth IRA?

Carl Richards is a Certified Financial Planner™ and creator of the Sketch Guy column, which appeared weekly for a decade in The New York Times. He is the author of The Behavior Gap and host of the new podcast 50 Fires (I'm a guest!). We cover a range of complex financial topics in this episode from "enoughness" to finding meaning in your career and making investments that are "worth it."Listen to Carl's previous appearance on So Money.