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    Business

    NerdWallet’s Smart Money Podcast

    NerdWallet’s trusted finance journalists answer real-world money questions to help you make smarter financial decisions with confidence.

    Each episode dives deep into topics like budgeting, saving, investing, home buying, and credit cards, cutting through misinformation to bring you clear, actionable advice backed by thorough research.

    By the end of every episode, you’ll have the latest financial insights and the tools you’ll need to manage your money wisely, build wealth, and plan for life’s milestones. And if you have questions for the Nerds, you can leave them a voicemail at 901-730-6373.

    Join hosts Sean Pyles, CFP®, Elizabeth Ayoola, and other expert Nerds as they answer your biggest money questions and share strategies to help you build wealth and reach your financial goals, including:

    – Investing: Advanced investment strategies, integrating ETFs and mutual funds into a diversified portfolio, tax-efficient retirement planning, understanding Roth IRA conversions, and navigating robo-advisors.

    – Credit Cards: Top credit cards for travel rewards and luxury perks, balance transfer strategies, maximizing credit card points, and optimizing credit card usage to boost your credit score.

    – Personal Finance: Advanced budgeting tips, building generational wealth, creating effective savings plans, managing high-income expenses, and developing a strong money growth mindset.

    – Home: Smart strategies for homebuying in competitive markets, leveraging home equity loans and HELOCs, refinancing for long-term savings, first-time homebuying tips, and budgeting for major home improvements.

    If you’re searching for the best personal finance podcasts or want practical knowledge to make smarter money decisions, then follow NerdWallet’s Smart Money Podcast.

    You’ll love NerdWallet’s Smart Money Podcast if you like podcasts like: Planet Money, The Personal Finance Podcast, DIY Money, Afford Anything, How to Money, The Ramsey Show, Money Rehab with Nicole Lapin, NPR’s Life Kit: Money, Popcorn Finance, Money Girl,Money Guy Show, Everyone’s Talkin’ Money, So Money with Farnoosh Tarabi, The Money with Katie Show, All the Hacks with Chris Hutchins, The Stacking Benjamins Show, MoneyWatch with Jill Schlesinger, or Your Money, Your Wealth.

    NerdWallet Compare, Inc. NMLS ID# 1617539 NMLS Consumer Access: http://www.nmlsconsumeraccess.org/

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    Latest Episodes:
    Trump’s Economic Playbook: Get Clarity on Inflation, Taxes, and More Nov 11, 2024
    Show notes

    Learn how Donald Trump's economic plans could influence inflation, taxes, and your finances as he prepares to enter a second term in office.


    How will Donald Trump's economic policies affect inflation and prices? What impact could Trump's tax plans have on Americans’ finances? In a special edition of Money News, hosts Tess Vigeland and Anna Helhoski dive into the financial implications of President-elect Donald Trump's return to the White House. They unpack Trump's proposed economic agenda, covering key areas like inflation, tariffs, taxes, and interest rates, and examine what these could mean for the American economy and your wallet. They also discuss what his policies on energy production, housing, and immigration could mean for your finances.


    Stay up to date with the latest financial news from NerdWallet: https://www.nerdwallet.com/h/news/financial-news


    In today’s episode, the Nerds discuss: Trump economic policies, Trump inflation plan, Trump tax cuts, taxes, Trump tariffs,Trump interest rates, Trump and the Federal Reserve, inflation under Trump, Trump fiscal policy, tax cuts under Trump, how tariffs could impact consumers, Trump financial promises, economic impact of Trump policies, how tariffs affect prices, Trump credit card interest cap, consumer prices, and fiscal policy changes in the US.


    To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email podcast@nerdwallet.com.


    Like what you hear? Please leave us a review and tell a friend.

    Learn more about your ad choices. Visit megaphone.fm/adchoices


    Open Enrollment: Choosing a Healthcare Plan (HMO, PPO, FSA, HSA, HDHP and More) Nov 07, 2024
    Show notes

    Expert Nerds talk through the complexities of open enrollment, starting with ways to assess healthcare plans and costs.


    This episode takes a deep dive into specific terminology and scenarios relevant to choosing health insurance coverage. Hosts Sean Pyles and Liz Weston start with an overview of open enrollment period timelines for November and December 2023 before welcoming guest Nerd Kate Ashford to explain deductibles, premiums, HMOs, PPOs and HDHPs.


    Then, NerdWallet’s Tina Orem joins the show to discuss the pros and cons of high deductible plans and the intricacies of Health Savings Accounts (HSAs) and both Medical and Dependent Care Flexible Spending Accounts (FSAs). In the second half of this episode, she zeroes in on selecting optimal health insurance for individual needs, discussing the merits and disadvantages of different health plans, budgeting for healthcare, and how to compare the benefits of an FSA and an HSA.


    In their conversation, the Nerds discuss: open enrollment, health insurance options, healthcare choices, high deductible plans, premiums, health savings accounts (HSAs), flexible spending accounts (FSAs), optimal health insurance, HMOs, PPOs, HDHPs, health insurance budgeting, FSA vs HSA, the use it or lose it rule, health insurance decision-making, health insurance terminology, healthcare strategies, health plan selection, medical costs, and types of health insurance coverage.


    To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email podcast@nerdwallet.com.


    Like what you hear? Please leave us a review and tell a friend.

    Learn more about your ad choices. Visit megaphone.fm/adchoices


    Life Insurance as an Investment? We Fact-Check the TikTok Trend Nov 06, 2024
    Show notes

    Learn why life insurance isn't a substitute for a 401(k) and how to spot reliable financial advice on social media.


    Is life insurance a better investment than a 401(k) for retirement? How can I tell if financial advice from TikTok influencers is reliable? Hosts Tess Vigeland and Anna Helhoski dive deep into the latest viral finance advice circulating on TikTok. With influencers claiming that life insurance is a better investment than a 401(k), investing Nerd Alana Benson joins the show to break down the facts. She explains the critical differences between life insurance policies and retirement accounts like 401(k)s, debunks false claims from influencers, and highlights hidden fees and conflicts of interest that you may miss when seeing financial trends in your social media feed.


    In addition to the TikTok trend, Tess and Anna cover some of the latest money headlines, including the GDP growth report for Q3, the October jobs report, and upcoming decisions from the Federal Reserve on interest rates.


    Here are NerdWallet's top picks for whole life insurance policies: https://www.nerdwallet.com/article/insurance/find-best-whole-life-insurance


    Anxious about the election? Find our special series on how presidential policy could impact your finances at https://nerdwallet.com/podcast


    In this episode, the Nerds discuss: life insurance vs 401k, TikTok finfluencers, life insurance investment, 401k vs life insurance investing, personal finance tips, retirement planning, social media influencers in finance, financial advice on TikTok, life insurance pros and cons, 401k benefits, how to choose life insurance, spotting bad financial advice, avoiding bad financial advice, financial mistakes to avoid, is life insurance a good investment, TikTok finance myths, financial advice for millennials, and whole life insurance.


    To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email podcast@nerdwallet.com.


    Like what you hear? Please leave us a review and tell a friend.

    Learn more about your ad choices. Visit megaphone.fm/adchoices


    Retirement Rollover Ready? Rules, Risks, and Rewards of 401k and IRA Transfers Nov 04, 2024
    Show notes

    Learn the pros, cons, and methods of rolling over retirement accounts to simplify your finances so you can avoid costly mistakes.


    How can you budget smarter for the holidays? Does it make sense to combine retirement accounts from previous jobs into one? What are the benefits and drawbacks of different rollover options? Hosts Elizabeth Ayoola and Sara Rathner begin the episode with a discussion of holiday budgeting, offering tips and tricks on avoiding impulsive spending, setting clear financial priorities, and the importance of delayed gratification.


    Then, hosts Sean Pyles and Sara Rathner discuss retirement account rollovers and key considerations to help you streamline your retirement savings and avoid penalties. They begin with a discussion of rollover basics, with tips on direct vs. indirect rollovers, how to avoid unexpected costs, and how to choose between an IRA and a Roth IRA. Credit Card Nerd Jae Bratton joins Sean and Sara to discuss her own experiences with retirement rollovers. They discuss the pros of consolidating accounts, the financial security it can offer, and how to choose the right investment options to suit your retirement goals.


    Interested in consolidating your old retirement accounts? Our investing writers broke down the best IRA accounts for hands-on or hands-off investors: https://www.nerdwallet.com/best/investing/ira-accounts


    And the best Roth IRA accounts categorized by online brokers or robo-advisors: https://www.nerdwallet.com/best/investing/roth-ira-accounts


    In their conversation, the Nerds discuss: holiday budgeting, retirement rollovers, financial management, impulsive online shopping, retirement account rollovers, direct rollovers, indirect rollover, IRS penalties, Roth 401k, Roth IRA, 403b, traditional IRA, tax compatibility, retirement savings, financial priorities, budgeting tips, holiday spending mistakes, investment flexibility, IRA options, consolidating accounts, retirement planning, contribution limits, managing finances, budgeting strategies, simplifying retirement accounts, retirement account consolidation, and financial goals.


    To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email podcast@nerdwallet.com.


    Like what you hear? Please leave us a review and tell a friend.

    Learn more about your ad choices. Visit megaphone.fm/adchoices


    Why Women Outperform When Investing — And How You Can, Too Oct 31, 2024
    Show notes

    Learn how women can excel at investing, overcome financial challenges, and build wealth with practical strategies.


    What does it mean to invest like a girl? How can women start investing and overcome financial challenges? Hosts Sean Pyles and Kim Palmer discuss gender differences in investing and practical strategies for women to build wealth. Kim interviews Jessica Spangler, author of Invest Like a Girl: Jump into the Stock Market, Reach Your Money Goals and Build Wealth, about the ways women tend to excel at investing, including taking time to make investment decisions, avoiding rash choices during market downturns, and focusing on long-term goals. They discuss strategies for eliminating high-interest debt, creating a budget that works for your lifestyle, and choosing the right mix of stocks and bonds for personal goals.


    In their conversation, the Nerds discuss: investing for women, how to invest, gender differences in investing, women and investing, investing for beginners, investing in stocks, building wealth, investing like a girl, stock market basics, financial literacy, sustainable investing, index funds, money management tips, compound interest, fractional shares, how to build wealth, stock market tips, investment portfolio, investing for the long term, long-term investing strategies, short-term financial goals, net worth calculation, and time horizons for investing.


    To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email podcast@nerdwallet.com.


    Like what you hear? Please leave us a review and tell a friend.

    Learn more about your ad choices. Visit megaphone.fm/adchoices


    Gen Z, Millennials, Gen X, Boomers — Are You Spending Like Your Generational Peers? Oct 30, 2024
    Show notes

    Learn how your spending compares to others in your generation using insights from the Bureau of Labor Statistics’ annual Consumer Expenditure Survey.


    How does your spending compare to other people your age? Are you saving enough compared to others in your generation? Hosts Tess Vigeland and Anna Helhoski are joined by NerdWallet’s Senior Economist Elizabeth Renter to break down the latest Bureau of Labor Statistics Consumer Expenditure Survey. They dive into how income and spending patterns shift across generations, from Gen Z to the Silent Generation, and discuss average income peaks, the changing ratio of spending to income, and how generational differences in housing, healthcare, and food expenditures reflect larger economic trends.


    Enter your monthly after-tax income into NerdWallet's free budget calculator to create a suggested budget: https://www.nerdwallet.com/article/finance/nerdwallet-budget-calculator


    Then, Tess and Anna touch on key money headlines from the week, including updates to IRS tax brackets and deductions for 2025, the CFPB’s action against Apple and Goldman Sachs over Apple Card customer service failures, and the 50th anniversary of the Equal Credit Opportunity Act, which gave women the right to access credit without a man’s signature.


    In their conversation, the Nerds discuss: Bureau of Labor Statistics Consumer Expenditure Survey, generational spending habits, income-to-spending ratio, peak earning years, fixed income for retirees, healthcare spending by generation, food spending across generations, retirement savings trends, Gen Z spending habits, baby boomer financial challenges, millennials saving for retirement, housing costs by generation, transportation spending, food away from home trends, discretionary spending, debt in retirement, social security income, average income by age group, and generational wealth.


    To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email podcast@nerdwallet.com.


    Like what you hear? Please leave us a review and tell a friend.

    Learn more about your ad choices. Visit megaphone.fm/adchoices


    How to Maximize Rewards on Big Credit Card Purchases Oct 28, 2024
    Show notes

    Get tips for saving money on Halloween costumes and decorations, plus how to leverage credit cards when making big purchases.


    How can you use credit cards to maximize rewards when making big purchases? What are some ways to save money on Halloween costumes? Hosts Sean Pyles and Elizabeth Ayoola discuss saving money on Halloween costumes and decorations to help you understand how to be festive without breaking the bank. They begin with a discussion of Halloween budgeting, with tips and tricks on DIY costume ideas, using cash back apps, and repurposing items you already have.


    Then, Personal Finance Nerd Kim Palmer joins Sean and Elizabeth to discuss the best ways to use credit cards for major expenses. They discuss how to earn rewards while minimizing interest, ways to protect your credit score, and how to make use of a health savings account (HSA) for medical-related purchases.


    Cash back apps help you save a little bit of money on everyday purchases. Here’s NerdWallet’s list of 8 great cash back apps and why each stands out: https://www.nerdwallet.com/article/finance/cash-back-apps


    Here’s NerdWallet’s list of the best budget apps: https://www.nerdwallet.com/article/finance/best-budget-apps


    In their conversation, the Nerds discuss: credit cards, big purchases, credit card rewards, saving money on Halloween, DIY costumes, cashback apps, Halloween budgeting, credit card interest, maximizing credit card points, health savings account, HSA, personal finance, budgeting tips, managing credit utilization, DIY Halloween ideas, saving money on costumes, repurposing costumes, cashback rewards, credit card sign-up bonus, using credit cards wisely, paying off credit card debt, zero APR credit cards, financial planning, paying off big expenses, cash-back vs points, credit card rewards strategies, making big purchases with credit cards, budgeting for big purchases, and sign-up bonus strategies.


    To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email podcast@nerdwallet.com.


    Like what you hear? Please leave us a review and tell a friend.

    Learn more about your ad choices. Visit megaphone.fm/adchoices


    How the Next President Could Shift Health Care Costs and Student Loans Oct 24, 2024
    Show notes

    Learn how the presidential candidates' policies on health care and student loans differ in how they could impact your finances.


    What impact could presidential policies have on health care and student loans? How might these policies affect your personal finances? Hosts Sean Pyles and Anna Helhoski discuss health care costs and student loan forgiveness to help you understand how upcoming elections may influence your financial future. They begin with a discussion of health care with Richard Frank, director of The Center on Health Policy, about the feasibility of lowering prescription drug prices, the candidates’ stances on Medicare and Medicaid, and the potential for health care tax credits to be extended.


    Then, Anna talks to Student Loans Nerd Eliza Haverstock about student loan repayment policies and financial aid. They discuss the fate of income-driven repayment plans like SAVE, the future of public service loan forgiveness, and the costs of alternative education pathways for students beyond traditional four-year colleges.


    Stay up to date on the latest financial news by visiting NerdWallet’s Financial News Hub: https://www.nerdwallet.com/h/news/financial-news


    In their conversation, the Nerds discuss: presidential policies, healthcare costs, lowering healthcare costs, healthcare tax credits, healthcare reform, Affordable Care Act, ACA, Kamala Harris healthcare plan, Donald Trump healthcare plan, student loans, student loan forgiveness, Medicare, Medicaid, SAVE repayment plan, public service loan forgiveness, PSLF, prescription drug prices, financial aid, college affordability, Pell Grant, alternative education pathways, election impact on finances, student debt relief, healthcare policy, college tuition costs, and healthcare in the US.


    To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email podcast@nerdwallet.com.


    Like what you hear? Please leave us a review and tell a friend.

    Learn more about your ad choices. Visit megaphone.fm/adchoices


    Rolling the Dice: Can Sports Betting Really Pay Off Like the Stock Market? Oct 23, 2024
    Show notes

    Learn the key differences between sports betting and investing, plus tips for managing the financial risks of gambling.


    How is sports betting different from investing in the stock market? What are the financial risks and benefits of sports betting versus stock market investing? Hosts Tess Vigeland and Anna Helhoski dive into the booming sports betting industry, examining the legal landscape, growing popularity, and potential risks. Investing Nerd Sam Taube joins the conversation to break down the key differences between sports betting and investing, highlighting the consistency of returns in investing and the addictive potential of short-term speculation and expanding on the financial and psychological dynamics that separate gambling from more strategic, long-term financial decisions. Then, Tess and Anna cover recent key financial headlines, including a rise in retail sales as holiday shopping ramps up, the Federal Trade Commission's new "click-to-cancel" rules for subscriptions, and the Department of Education’s decision to penalize the student loan servicing company MOHELA, the Missouri Higher Education Loan Authority.


    4 Free Budgeting Templates & Excel Spreadsheets https://www.nerdwallet.com/article/finance/free-budget-spreadsheets-templates


    In their conversation, the Nerds discuss: sports betting, investing, stock market, gambling vs investing, financial risks, long-term investing, sports betting addiction, sports gambling, investing tips, gambling addiction, stock market returns, financial habits, betting apps, investment strategies, sports betting apps, sports betting vs investing, gambling laws, investment risks, sports betting industry, responsible gambling, betting odds, stock market growth, financial returns, and risk management.


    To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email podcast@nerdwallet.com.


    Like what you hear? Please leave us a review and tell a friend.

    Learn more about your ad choices. Visit megaphone.fm/adchoices


    Vest Without the Stress: Mastering Job Transitions and Vesting Schedules Oct 21, 2024
    Show notes

    Learn how to navigate job changes, maximize retirement benefits, and celebrate personal and financial accomplishments.


    How should you navigate job changes when it affects your retirement benefits? What options do military spouses have for saving for retirement? Hosts Sean Pyles and Sara Rathner discuss managing unvested retirement funds to help you understand how to make the most of your employment benefits. They begin with a discussion of the importance of celebrating success after working towards a goal, financial or otherwise. Then Sean talks to Lacey Langford, an accredited financial coach and founder of MILMO, a platform to help the military community better their finances, about tips and tricks for financial planning for military families. Lacey helps Sean answer a listener’s question about changing jobs, discussing how vesting schedules work, how to negotiate benefits with employers, the challenges of frequent relocations, how to maximize retirement savings through IRAs and spousal IRAs, and the importance of tapping into community and government resources to build financial stability.


    In their conversation, the Nerds discuss: retirement benefits, 401k vesting, job changes and retirement, military spouse financial planning, saving for retirement, how vesting schedules work, spousal IRA, financial tips for military families, retirement savings options, navigating job changes, maximizing employer benefits, retirement planning, emergency savings, career transitions, negotiating with employers, military spouse benefits, financial stability, investment strategies, saving for the future, IRA contributions, how to handle job transitions, individual retirement accounts, and navigating career changes.


    To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email podcast@nerdwallet.com.


    Like what you hear? Please leave us a review and tell a friend.

    Learn more about your ad choices. Visit megaphone.fm/adchoices


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