Economics Matters by Laurence Kotlikoff Podcast Financial Literacy for All Ages: Nancy Lloyd's Advice on Budgeting and Retirement Planning 1× 0:00 Current time: 0:00 / Total time: -1:02:23 -1:02:23 Audio playback is not supported on your browser. Please upgrade. Financial Literacy for All Ages: Nancy Lloyd's Advice on Budgeting and Retirement Planning Larry Kotlikoff May 24, 2024 Share Transcript Nancy Lloyd is a personal finance icon. Her career includes working/writing for/commenting for/ appearing on the LA Times, New York Times, NPR’s Personal Finance Commentator, The Washington Post, ABC News, GMA, Good Housekeeping, Family Circle, Cosmopolitan, Parade. Former Federal Reserve Board Economist, IBM Systems Engineer, Financial Analyst. In this Episode: I talk with Nancy Lloyd, a highly respected economics and technology reporter, and a leading figure in personal finance journalism. With an impressive career trajectory that includes notable stints at the Federal Reserve, Mathematica, and IBM, Nancy has become a trusted voice in demystifying complex financial concepts. Her book, "Simple Money Solutions," was recognized as one of Amazon's ten best business and money books of the year, further solidifying her reputation as an authority in personal finance and financial literacy. Topics Covered: The Importance of Financial Literacy Effective Grocery Shopping and Coupon Use Thoughtful Spending and Budgeting Habits Investing for the Future and Social Security Misconceptions Time Stamps: 00:00 Debt, interest rates, credit card disputes, flexibility. 06:49 Impulse buying creates a sense of urgency. 11:18 Be cautious when transferring credit card balances. 21:25 Managing money, credit card issues and alternatives. 26:38 College debt avoidance and student loan concerns. 32:09 Employer funded education with logistical support provided. 33:15 Community college credits don't always transfer well. 40:43 Caution against aerospace, parental support, career clarity. 48:49 Arrived early, parenting decisions led to problems. 50:21 Consider long-term implications of financial decisions. 55:25 Madoff victims face clawbacks, lack compensation protection. 01:03:03 Options for stock market protection get pricier. This episode offers invaluable insights for anyone seeking to improve their financial knowledge and make more informed, strategic financial decisions. Subscribe Your Best Investment Ever? Max Out Your Social Security Economic Matters - The podcast is hosted by Laurence Kotlikoff, a Boston University Economist, a NY Times Best Selling Author , President of maxifi.com , and Author of Money Magic . Stay Connected: Facebook , Twitter , LinkedIn Apple Podcasts Google Podcasts Spotify iHeart Amazon Music Discussion about this episode Comments Restacks Economics Matters by Laurence Kotlikoff Podcast Economics can make a massive difference - collectively and personally. Listen in as we chat with some of the most influential leaders in economics across the globe. Economics can make a massive difference - collectively and personally. Listen in as we chat with some of the most influential leaders in economics across the globe. Subscribe Listen on Substack App RSS Feed Appears in episode Larry Kotlikoff Recent Episodes Naill Ferguson, the Preeminent Economic Historian, Talks Geopolitics -- Yesterday's, Today's, and Tomorrow's Aug 10 • Larry Kotlikoff Jack Schibli of Lane Generational Explains Why the Stock Market Runs Largely on Autopilot and the Equity-Investing Danger this Presents Aug 2 • Larry Kotlikoff The Brilliant and Captivating Justin Wolfers Talks Economics and the Economy Jul 31 • Larry Kotlikoff Economics Matter's First Substack Live! Talking Social Security's Extreme Insolvency with Pam Krueger, Founder and CEO of Wealthramp, and… Jul 29 • Larry Kotlikoff Brilliant Investing Requires Thinking and Looking Outside the Box -- Steve Laffey Is an Extraordinary Investor. This is a Podcast You Can't… Jul 23 Economist John Goodman, Father of HSAs and One of America's Most Influential Policymakers, Talks US Healthcare Reform Jul 16 • Larry Kotlikoff Bruce Mehlman Joins Economics Matters to Discuss the Long-Term Economic Impact of the War in Iran, Geopolitics, Economic History, and His… Jul 2 • Larry Kotlikoff Sebastian Mallaby Returns to Discuss AI and his Latest Bestseller: The Infinity Machine. Jun 25 • Larry Kotlikoff