NerdWallet's Smart Money Podcast

• Last-Minute Tax Questions Answered and Tips for Keeping Your Financial Documents Safe

  Learn how to store all your important documents and get some last-minute tips for filing your taxes.  Where should you store your important financial documents? How long should you keep them? What should you do if you’re facing a tricky tax situation? Hosts Sean Pyles and Elizabeth Ayoola discuss some tips and best practices for storing documents like tax returns, bank statements, credit card bills and more, including how and when to dispose of them safely.  Then, NerdWallet tax writer Bella Avila joins Sean and Elizabeth to answer listener questions about filing taxes. They explain what you can do if you’re facing an unexpected tax bill, what you need to know if you’re working and paying taxes in multiple states, and provide guidance for those who may be behind on their taxes, including some steps to take financially and emotionally to get back on track.  NerdWallet’s list of best tax software: https://www.nerdwallet.com/p/best/taxes/tax-software  NerdWallet’s list of best identity protection services: https://www.nerdwallet.com/article/finance/comparing-identity-theft-protection-services  NerdWallet’s federal income tax calculator: https://www.nerdwallet.com/calculator/tax-calculator  In their conversation, the Nerds discuss: how to organize financial documents, storing important documents safely, financial document storage tips, fireproof safe for documents, digital vs paper document storage, what documents to keep and for how long, how long to keep tax returns, where to store estate planning documents, best way to organize personal documents, how to file taxes, tax season 2025, tax filing deadline April 15, IRS payment plan, what to do if you owe taxes, surprise tax bill help, how to adjust tax withholding, IRS withholding estimator, tax penalty relief, first time penalty abatement, estimated tax payments, filing taxes in multiple states, state tax withholding rules, non-resident state tax return, tax filing for remote workers, state reciprocity agreements, taxes for 1099 income, how to file taxes as a freelancer, self-employed tax filing tips, tax tips for gig workers, how to track 1099 income, what happens if you don’t file taxes, how to file back taxes, emotional stress about taxes, tax anxiety help, procrastinating on taxes, getting help with past-due taxes, financial shame and how to overcome it, free tax filing options, IRS free tax help, best tax software 2025, tax counseling for the elderly, volunteer income tax assistance. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [email protected]. Like what you hear? Please leave us a review and tell a friend.

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• 401(k) vs. Brokerage Account: Which Is Better for Retirement Savings? Plus, the National Debt Explained

  Learn about the U.S. national debt and how it impacts economics and what options to explore if your employer-offered 401k plan seems limiting.  What exactly does it mean when you read about the enormous national debt in the United States? What options do you have if you’re not happy with the 401k plan offered by your employer? Hosts Sean Pyles and Elizabeth Ayoola dig into investing options with NerdWallet personal finance lead writer June Sham. But first, NerdWallet senior news writer Anna Helhoski joins the show to break down what exactly is the national debt, who does the U.S. owe, and why it matters to everyday Americans.  Next, Sean, Elizabeth and June answer a listener’s question about whether it’s worth it to invest in their employee-offered 401k plan even if it feels limiting. The Nerds explain the pros and cons of a 401k as well as alternative options to explore, including a brokerage account or an IRA, and why you don’t have to limit yourself to just one type of account.  NerdWallet’s list of best IRA accounts: https://www.nerdwallet.com/best/investing/ira-accounts Choose the best retirement plan: https://www.nerdwallet.com/article/investing/best-retirement-plans-for-you  In their conversation, the Nerds discuss: national debt, what is the national debt, how much is the US in debt, US debt ceiling explained, difference between debt and deficit, publicly held debt, intragovernmental debt, who owns the US debt, debt to GDP ratio, US debt crisis, what happens if the US defaults, national debt impact on economy, foreign holders of US debt, Congressional Budget Office debt projections, US budget deficit, treasury securities explained, debt ceiling vs national debt, federal spending and tax revenue, 401k vs brokerage account, should I invest in a 401k without a match, 401k managed by insurance company, 401k fees and disclosure rules, retirement investment options, Roth IRA vs 401k, traditional 401k benefits, taxable brokerage account vs 401k, 401k contribution limits 2025, early 401k withdrawal penalties, required minimum distributions 401k, investment fees and expense ratios, choosing a Roth IRA provider, best retirement account for long-term growth, retirement planning tips, comparing retirement accounts, 401k rollover options, best Roth IRA accounts 2025. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [email protected]. Like what you hear? Please leave us a review and tell a friend.

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  21:36
• How to Build Wealth Right Now and How Couples Can Align on Financial Goals

  Learn the truth behind myths about building wealth, plus hear from a couple looking to align on  financial goals and values. Can you build wealth without starting a business? How can couples figure out what to do with extra money in their budget? Hosts Sean Pyles and Elizabeth Ayoola share their “money hot takes” and then talk to a married couple about how they can better align on financial priorities. Sean and Elizabeth kick off the episode with their thoughts on how to become a millionaire without needing to own your own business, and why they believe consistent investing from a 9-to-5 job can help you grow your wealth. Plus are Roth IRAs overrated? They might be when compared to Roth 401(k)s. Then, listeners Naomi and Andrew join Sean and Elizabeth to discuss how couples can align on their financial goals. They talk through how to define shared values, balance short- and long-term priorities, and decide how to use some new room in their budget wisely, including strategies for emergency funds, retirement, and kids’ future savings. NerdWallet's list of the best savings accounts: https://www.nerdwallet.com/best/banking/savings-accounts  Get matched with a financial advisor by using NerdWallet Advisors Match: https://www.nerdwallet.com/best/investing/financial-advisors  NerdWallet’s investment calculator will calculate how much your investments will grow based on your planned contributions, timeline, rate of return and compounding frequency: https://www.nerdwallet.com/calculator/investment-calculator  Are you on track to save enough for retirement? Use NerdWallet’s calculator to check your progress, see how much retirement income you'll have and estimate how much more you should save: https://www.nerdwallet.com/calculator/retirement-calculator  In their conversation, the Nerds discuss: how to build wealth without a business, investing from a 9 to 5 job, becoming a millionaire from salary, Roth IRA vs Roth 401k, Roth IRA contribution limits, backdoor Roth IRA, Roth 401k benefits, emergency fund recommendations, short term financial goals, good debt vs bad debt, paying off debt as a couple, managing money in a marriage, budgeting as a couple, aligning financial goals with a partner, daycare budget reallocation, how to prioritize financial goals, saving for a home addition, using home equity loan, 529 plan alternatives, taxable brokerage for kids, feeling behind on retirement, retirement planning anxiety, compound interest retirement, how to save for multiple goals, financial planning for couples, building credit as a couple, margin in budget meaning, shared financial values, and daycare cost savings. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [email protected]. Like what you hear? Please leave us a review and tell a friend.

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  37:27
• How to Get Ready for a Recession and Choose Enough Car Insurance

  Learn how to prepare for a possible recession and make sure your car insurance coverage is enough to protect your finances. What should you do to get ready for a recession? How much car insurance coverage do you really need? Hosts Sean Pyles and Elizabeth Ayoola discuss recession risks and car insurance basics to help you understand how to protect your finances. Joined by NerdWallet senior news writer Anna Helhoski, they begin with a discussion of recession warnings, with tips and tricks on budgeting with the 50/30/20 rule, building an emergency fund, and prepping your credit and savings. Then, insurance Nerd Lisa Green joins Sean and Elizabeth to discuss how to choose the right amount of car insurance. They discuss the difference between liability, collision, and comprehensive coverage, what minimum insurance limits really protect you from (and what they don’t), and how umbrella policies and uninsured motorist coverage can add extra protection. You’ll also hear ways to lower your car insurance bill by shopping around, raising your deductible, and finding overlooked discounts. Compare auto insurance rates in 2 minutes with NerdWallet’s auto insurance finder: https://www.nerdwallet.com/insurance/l/auto-insurance-finder  In their conversation, the Nerds discuss: how to prepare for a recession, signs of a recession, what happens during a recession, 50/30/20 budget rule, building an emergency fund, credit during a recession, umbrella insurance, what is umbrella insurance, car insurance basics, collision vs comprehensive coverage, liability car insurance explained, full coverage car insurance, what is full coverage insurance, auto insurance deductible, underinsured motorist coverage, car insurance tiers, how to save on car insurance, shopping for car insurance, car insurance comparison tips, high liability coverage, car insurance for old cars, what is property damage liability, what is bodily injury liability, best car insurance coverage, understanding insurance limits, home and auto umbrella policy, recession impact on prices, recession and interest rates, how long recessions last, economic indicators of recession, consumer sentiment recession, car insurance for risky drivers, and auto insurance discounts. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [email protected]. Like what you hear? Please leave us a review and tell a friend.

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• From Broker to Budget: How to Buy or Sell a Home in 2025

  Learn how to budget for a mortgage, compare lenders, and prep for home buying or selling in today’s changing housing market. How can you shop smart for a mortgage and pick the right broker or lender? How do you budget for a home purchase? Hosts Sean Pyles and Elizabeth Ayoola discuss mortgage shopping and home affordability to help you understand how to make informed, strategic choices when buying or selling a home. Joined by Jonathon Haddad, president of Next Door Lending, and Kate Wood, NerdWallet mortgage expert, they cover how brokers work, what to look for in a lender, and how to avoid common pitfalls when comparing loan offers. They begin with a conversation with Jonathon Haddad about the benefits of using a mortgage broker, how much money borrowers could save, and key questions to ask when shopping for a loan. Then, Kate Wood helps answer a listener’s question about selling a home in 2025, including tips on agent commissions and how market shifts could affect sellers. They discuss how to budget for a down payment, what expenses first-time homebuyers often overlook, and how to know if you’re financially ready to buy.  If you’re ready to find the right mortgage with expert guidance every step of the way, get started today at https://www.nerdwallet.com/prequalify/m/mortgage-experts/lp1  Here’s what mortgage brokers are and how to find one: https://www.nerdwallet.com/article/mortgages/how-to-find-a-mortgage-broker See how far your homebuying budget could take you with NerdWallet’s home affordability calculator: https://www.nerdwallet.com/calculator/how-much-house-can-i-afford  First-time home buyer programs by state: https://www.nerdwallet.com/article/mortgages/first-time-home-buyer-programs-by-state  In their conversation, the Nerds discuss: how to find a mortgage broker, mortgage broker vs lender, mortgage broker fees, best way to shop for a mortgage, how to compare mortgage lenders, mortgage broker savings, mortgage loan estimate tips, choosing a mortgage broker, home buying budget calculator, how to budget for a house, down payment assistance programs, closing costs for first time home buyers, private mortgage insurance, how to prepare for buying a home, home buying tips 2025, first time home buyer loans, FHA loan down payment, conventional loan down payment, va loan down payment, usda loan down payment, home buying closing costs, real estate agent commission 2025, how to sell your house, how to choose a real estate agent, realtor commission changes 2025, selling a house in 2025, how to budget for home maintenance, moving costs when buying a house, first time home buyer help, what credit score do you need for a mortgage To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [email protected]. Like what you hear? Please leave us a review and tell a friend.

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  39:04

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