Financial Feminist - 222. Ask Tori: Investing and Retirement

Episode Date: March 27, 2025

FLASH SALE! FOR 24 HOURS ONLY, join us in Stock Market School FOR 50% OFF with code 'SECRETS': https://herfirst100k.com/invest You asked, and we answered! In this special replay episode, I answer voicemail questions from the podcast community and Stock Market School, including questions about investing, retirement planning, and the notorious pitfalls of certain financial institutions. From navigating the emotional pull of paying off mortgages to escaping the clutches of Edward Jones, I'm tackling it all—tune in! Resources: How to Start Investing Financial Feminist book Stock Market School Free Investing Workshop: Stock Market Secrets What you need to know about mortgages with Kate Wood Looking for accountability, live coaching, and deeper financial education? Check out our exclusive community! Join the $100K Club: https://herfirst100k.com/100k-pod Our favorite travel and cash-back credit cards, plus other financial resources: https://herfirst100k.com/tools Read transcripts, learn more about our guests and sponsors, and get more resources at https://herfirst100k.com/financial-feminist-show-notes/222-ask-tori-investing-and-retirement/ Not sure where to start on your financial journey? Take our FREE money personality quiz! https://herfirst100k.com/quiz Special thanks to our sponsors: Squarespace Go to www.squarespace.com/FFPOD to save 10% off your first website or domain purchase. Rocket Money Stop wasting money on things you don’t use. Cancel your unwanted subscriptions by going to RocketMoney.com/FFPOD. Quince Get cozy in Quince's high-quality wardrobe essentials. Go to Quince.com/FFPOD for free shipping on your order and 365-day returns. Netsuite Download the CFO’s Guide to AI and Machine Learning at NetSuite.com/FFPOD. Gusto Run your first payroll with Gusto and get three months free at gusto.com/ffpod. Indeed Hiring? Indeed is all you need. Get a $75 sponsored job credit to get your jobs more visibility at www.indeed.com/ffpod. Public Fund your account in five minutes or less at public.com/ffpod and get up to $10,000 when you transfer your old portfolio. (see disclosures: https://herfirst100k.com/financial-feminist-show-notes/222-ask-tori-investing-and-retirement/) Learn more about your ad choices. Visit megaphone.fm/adchoices

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Today on Financial Feminist, I'm answering your biggest questions about retirement, investing, and what the fuck to do with your portfolio if a recession happens. Hi, Financial Feminist, welcome to the show. Very excited to see you as always. Thank you for being here.

Thank you for supporting feminist media. My name is Tori. I'm a multimillionaire. I'm a money expert. I'm a New York Times bestselling author. I fight the patriarchy by making you rich. And if you're an oldie but a goodie, you knew that already. This episode is value packed with so much information about everything investing, everything

stock market. Before we get into this episode, I want to highlight a couple of things for you. When we talk about investing, when we talk about the stock market, when we talk about anything that's going on, whether the stock market is performing well or underperforming, my advice doesn't change. The common question I'm getting right now is, is there a recession coming? Is there a stock market crash coming? What the fuck is Trump doing? And how is it going to affect my money? So should I do something different? Our advice here at Her First 100k, our advice at Financial Feminist is no different depending on who is president or what's going on in

the economy or what's going on in the stock market. You need an emergency fund, whether the grass is green or it's not so green. You need to have paid off your credit card debt or working to pay off your credit card debt, no matter what's going on financially. And with the stock market, it is always a good time to invest, even when things feel volatile. I'm going to keep bringing you this reminder because I know it's going to keep coming up, but the stock market is a long-term play here. It is not over days, weeks, months, or even a year.

This is over years, if not decades. So when we talk about the fears of stock market crashes or recessions, I am not changing my financial strategy at all. I am a multimillionaire with millions in the stock market. If anybody should be nervous about a market downturn, it's me, right? I got a lot of skin in this game, but I don't. And the reason I don't is that this is to be expected. There are market downturns. And frankly, it's been a long time since we've had a significant market downturn. The stock market from 2020 to 2025 has been up 125% when the average year to year that we can

expect is 7 to 8%. So the market correction is not entirely surprising. We stay the course. Now, the Trump of it all is a whole different thing, right? This is why financial feminism cannot just be about our own personal choices, but also about the policies we support, how we protest, how we vote with our dollars, the activism we do outside of that.

But if you're concerned about your own money, which is probably why you're here listening to this episode, you don't do anything different. You keep saving your emergency fund. You keep making sure you're investing because the last thing we want is for you to put your financial progress on hold. That's what Trump wants, right? He wants you to not be as financially stable. He wants you to not be as financially whole. I can't have you making decisions about your money because you're so afraid of Trump that only fuck you over.

We get a lot of questions about investing. So in this episode, I answer a few of them from our community, including questions about how to take your money out of the market when you're ready to retire, which is a common question right now. Okay, the stock market is volatile. If we're coming up against a recession

and I'm about to retire, what should I be doing? We're gonna chat about whether I think you should invest or pay down debt first. And yes, there is a correct answer here. And it's an answer that a lot of people get wrong. And my thoughts about rolling over retirement accounts when you move jobs. And if you want more information,

including a free workshop that I do about investing and the stock market, you can go to herfirsthundredk.com slash secrets. It is the signature stock market workshop that I have given to over a hundred thousand people. So herfirsthundredk.com slash secrets. It's entirely free. There's no reason not to sign up. It's a nice compliment to this episode. And it's going to allow me to continue to assuage your fears about the stock market and give you some really, really important information that you need to know, especially right now. Without further ado, let's back to the show. My name is Tori. I host Financial Feminist, which is a show committed to talking about how money affects women differently and also how you

can use money as a tool of protest in this bullshit capitalist society. If you're an oldie, goodie, goodie, welcome back. If you're new to the show, welcome. Hope you stick around for a good time and a long time. Let's take our first question about investing. And this is from our Facebook community. So I'm going to go ahead and read it here. All right. Can we talk about paying down our mortgages versus investing? Recovering Dave Ramsey person here. I'm buying a home after selling a home from 10 years ago. It is quadrupled in equity. My new mortgage payments will be about $450 a month. Oh my God, that sounds so nice. Sorry. $450 a month. I'm not sure where this person lives, but oh, I kind of wish I lived there.

Gosh. Full disclosure, and maybe I'll talk about this on an episode. And Kristin doesn't even know this. Kristin, this is going to be news to you. I looked at a house this weekend that I was in serious talks about purchasing. And I was doing the math on how much this mortgage was going to be. And I don't even want to tell you what the monthly payment was in Seattle. Like I don't even, it was awful. And especially with interest rates as high as they are. So I just bless this person who's only paying $450 a month.

Oh my God, that sounds like a dream. Okay, my new mortgage payments will be about $450 a month over 25 years, which is unbelievable. Yes, it is. Okay, I've done the math over 25 years with my current savings plus my new yearly savings, which is cutting out the commute and the equity built in my sold home, minus the mortgage interest I would pay over 25 years. It was still a projected difference of $300, do I pay down my mortgage quicker or do I invest?

She says, does anyone else feel a weird emotional pull to pay off your mortgage ASAP, even when you've crunched the numbers? I hope all of this makes sense. So many thoughts flying around in my head right now. I would absolutely love Tori to talk about this on a podcast. I'm doing it.

Dear listener, dear reader, I'm doing it. Okay, so let's talk about this. This is a question we get all the time. Again, should I pay down my mortgage faster or should I invest instead? The quick and dirty answer is you should invest instead. I have an entire free investing workshop called Stock Market Secrets that we will link down below. And this is actually one of the myths I debunk that all of your debt needs to be gone before you start investing. Now, some of your debt needs to be gone. High cost debt like credit card debt should be gone before you prioritize

investing. But with something like a mortgage where your interest rate is normally three to 4%, right now it's not great, but it's normally under that 7 to 8 percent that we could be expecting on the stock market. It's actually more advantageous to put any additional money beyond your monthly mortgage payment towards your investing. Why? Because again, you could be making more money by investing. But also, let's say hypothetically, you do wait until your mortgage is paid off.

Well, if your mortgage is a 30-year mortgage, and let's say you do pay it off early, let's say you even cut it in half, which is an incredible accomplishment, right? Let's say that you pay off your mortgage in 15 years, and then you start investing. Well guess what? You can't get those 15 years back. And as we know from previous episodes of the show, time is way more important than the amount of money when it comes to investing. So you've just waited 15 years to start allowing compound interests to work harder for you. Right? And what happens with Dave Ramsey in particular, and this mindset that all debt

is bad and must be gone immediately and that you got to pay off your debt as quickly as possible is that it costs you actually a more fruitful, stable retirement. It costs you mental stability and peace of mind. This narrative, and you know, this person is mentioning that she feels this weird emotional pull to pay off your mortgage. That's not a fucking accident. That's like Dave Ramsey 101 shit, which is shaming you for having debt and making it your number one priority in your mind, as opposed to actually crunching the numbers and being realistic about how life works. Right? Let's say you're lucky enough to buy a house at 25. And then again, we pay off our mortgage, you know, 15 years early. Well, now we're 40 years old before we even think about prioritizing investing. That's not a great experience.

Right. And then let's say that we prioritize investing after our 30 year mortgage, right? Let's say that we're not able to pay it off early. Well, then we're looking at you being 55 by the time you're saving, right? The average retirement age in this country is 57 to 65, right? In that range. So we've literally done the math. We have a graph that I show you in the stock market secrets workshop that demonstrates that the math works, the psychology works, you protecting yourself for retirement works. So yes, continue paying your monthly payments, right? We're not defaulting on our payments to do this, but with your additional money, as opposed to chipping away at your mortgage faster, it will probably mathematically make more

sense for you to actually contribute towards your retirement towards investing instead. So to this person who's asking, should I pay down my mortgage faster or should I invest? You know the answer. And even it sounds like in this post, you know the answer, but the little like Dave Ramsey devil is on your shoulder being like, yeah, you got the answer, but the little like Dave Ramsey devil's on your shoulder being like, nah, you gotta pay off your debt first. So investing is the right move here. All right, let's take our second question. This is from our podcast community

in a voicemail from Emily. Hi, Tori. Thank you guys so much for all you're doing. I have a really possibly dumb question. What does retirement actually look like logistically when you're trying to take the money when you're at the stage of taking the money out of your IRA accounts? And are you having to sell all those stocks kind of all at once and then you get that money, then you get it in distributions? Are you doing it a little bit at a time? And if that is the case, what if the market

is really bad at the time that you're retiring? Let's say if somebody was trying to retire like tomorrow, then the market is super low and you have to sell all these stocks in there. So if you could provide a little bit more clarification on what the logistics look like post-retirement and how you would actually pull your money out of those funds once they've grown and sat in those accounts for a while, that would be super awesome and helpful. Thank you so much. I appreciate it with Emily's voicemail, but I think we heard some wind chimes in the back and it was very ASMR soothing.

And I just, I don't know. I just really appreciated that. Okay. Emily, this is a question we get a lot, a question that we have answered in a full workshop in stock market school. So I'll give you the TLDR. a full workshop in stock market school. So I'll give you the TLDR. If you are anticipating retiring soon, this is not the time to start planning for how you're actually going to use this money. What I mean is if you're 64 and expecting to retire at 65 with some money

in your retirement accounts, that's not the time to start thinking about, oh, I'm going to need this money tomorrow. We're going to backtrack a little bit. And if you can, we're going to start thinking about you needing this money five to 10 years before you actually need it. I'll give you the example of my parents. My parents are in their early 60s. And for the past couple of years, what they've been doing is slowly taking out money from their retirement accounts and from their general brokerage account, which as a reminder is not a retirement focused account, but is an investing account. And

they've been putting it in what's called a CD ladder. What is a CD ladder? It is various CDs with various terms like year amounts. So for instance, they might have one CD that matures, for instance, 10 years from now. And then they'll have another CD that matures eight years from now, and then five, and then four, and then two, and then one. So that they're slowly getting that money as they will need it. You are not taking all of your money out of your investing accounts for retirement at once. One, that's gonna be a tax nightmare. And two, the point is you want to allow your money to continue to

grow, the money you don't need yet, right? So if you spend, let's say, $50,000 a year, if your expenses every year are $50,000, maybe the time you're thinking about retirement, right? And those maybe five years before you're slowly starting to pull out that money. So, you know, you might take out, if we're retiring at 65 at 58, you might take out 50 K. And then when you're 59, you might take out another 50 K and then another 50 K, right? You're not taking out this whole lump sum of money at one time, but you're moving it instead to places where your money is safe and at a less high of a risk, right? You mentioned in your voicemail, like, oh my God, what if I am taking out my money for

retirement but the stock market isn't performing well during that time. This is why we're slowly taking out our money in anticipation of needing it, to protect it in places that aren't the stock market, hence a CD. And again, as a reminder, a CD, we've talked about this before, is a certificate of deposit. It's like a souped-up savings account. It is holding your money for a period of time. And in exchange for you not being able to access your money, you're getting a higher

percent interest rate. So that's one strategy that you can employ. My parents have done that, again, a CD ladder and just being more strategic about when you're taking out your money and how you're using it. So the biggest thing to think about to your question is one, no, you're not taking out all of the money at one time. That again, would be a nightmare in terms of managing it, but two, you want your investments to continue to grow as well as during retirement season, let's call it, you don't want to hypothetically start planning for your retirement like six months

before you're set to retire. This is something we want to think about in anticipation of retiring. And this is the perfect time, just like any time, to sit down and make sure that you are setting yourself up for success, not just right now financially, but in the future. So this is why my parents have done something

like slowly siphon their money out of retirement accounts in order to protect it in lower risk or really no risk savings accounts. And the thing that they've done, because if you know a bit about retirement accounts, you might be asking yourself, well, how did they do that without paying a penalty? Right? How can you start withdrawing money out of a Roth IRA, for instance, without paying a penalty? Fun fact, you can take your Roth IRA contributions out penalty free. So your $6,500 that you've contributed right year over year and it's been different depending on the year right but that contribution that you've made you can take out

penalty free. So that's part of what my parents have done is take out their contributions, but not their earnings of their Roth IRA early so that they don't have to take a penalty. But it's only if you're under age 59 and a half that you have to pay a penalty for withdrawing your earnings. So if you're over that age, right, my parents are now over that age, they can start taking even more money out of their Roth IRA That might be an option for you. This is all in the weeds, right? But if you are somebody who's trying to plan for early retirement You are somebody who's trying to help an older family member or you maybe are an older listener to this show

then this is a just general piece of Potential guidance, but you got to figure out what's right for you. You got to make sure that this works for you. And I'll also say too, we have had so many conversations in stock market school about like, how do I stop working as soon as possible? And these are those kind of strategies that are more, again, slightly more complicated because they are more strategic.

They're kind of in a positive way, gaming the system that exists so that you can say fuck off to your work life forever and retire. So yeah, that is my answer to that question. You're not taking all the money out at once. You're being more strategic about it. And if you can plan ahead, we're talking years, if not like a decade, we're talking years, if not like

a decade, that can be really, really helpful for you in strategizing your future retirement. All right, let's take our next question. This podcast is brought to you by Squarespace. Squarespace is that all in one website platform designed to help you stand out and succeed online. You know it, I know it, we love it. And Squarespace was the first investment I ever made in my business, and it's the investment that you should make in yours. A couple of my favorite things about Squarespace. They make it really easy to sell your content, so you can do online courses, blogs, videos,

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quince.com slash FF pod. Hi, Tori. A few months ago, I quit an incredibly toxic job that was severely impacting my mental health and my wellbeing. And recently I got a new job, which has been such a welcome change in terms of work, culture,

and having a kind and empathetic manager. And I even managed to negotiate my salary to get 3,000 more than the job offer. Now that I've settled in at my new job, I'm wondering what I should do with my old 403B retirement account from my former job. The account is currently managed by Vanguard. Should I leave those funds with my former employer,

transfer it to a 403B account with my new employer, transfer it to a Roth IRA or something else? I don't particularly like the idea of leaving that money with my former employer, but I want to figure out what would be most beneficial for those funds. Thanks for all your help, Tori. First of all, congratulations are in order in two regards. One, you left that toxic job, baby. We got to love it. I just love that you decided I don't want to do this anymore. And then you negotiated and found yourself a better opportunity somewhere else. Double win for you of getting out of a bad situation and then putting yourself in a really good spot. So congratulations.

All right. Let's talk about ruling over your 401k. You're 100% right. Your impulse is 100% right. We are not leaving our money with an old employer. That is like leaving money with an ex boyfriend. I don't trust my ex boyfriend with my money. No, thank you.

I don't know what he's going to fucking do with it. Like, no, the reason we don't want that to happen is, I mean, many. One, we don't know what the employer is going to do with it. It's your money, let me be clear, but they might switch 401k providers. And because you don't work there anymore, of course, you might not know that they're switching 401k providers. And then when you do go and try to find the money in a couple years, you're like, I don't know where the fuck it is. Two, it's just you're not going to remember your login. You're going to have to like manage a bunch of different accounts from a bunch of different past employers.

And that's going to be a headache. And so we just we do want to like consolidate. We do want to get your money out of your old employer. And we have two options. Just like you said, we can either put it in our current retirement account offered by your employer. But if you don't have a retirement account offered by your employer, you can roll it into a Roth IRA.

And that does not count for your Roth IRA contributions for that year. So again, Roth IRA contributions for this year are $6,500. If you roll a 401k into that Roth IRA or into a general IRA, you are not contributing. That doesn't count towards that $6,500 contribution. I will shamelessly plug, we have a partner tool that we use and recommend and love called capitalize. They will literally do this for you for free. So if you are the person that's listening and going, I forgot to do that, or I have been meaning to do that and I don't remember my login and I don't even know where the 401k lives and

I've been stressed about it, but I have just not looked at it. Well, cool. Capitalized can help. We will put the link down below. Again, it's entirely free. They will help you find your 401k if you've lost it and then also help you roll it into an IRA. So Victoria, you have two basic options. Like I said before. The nice thing about rolling it over into a Roth IRA is you own the Roth IRA, right? You are the Roth IRA owner. It's not associated with any employer. So you have more control over how you invest the money, where you invest the money. So that might be your better option. However, either option is great. Just get it out of your ex boyfriend's house, like get it out of your ex employer, make sure it doesn't live there. And if you are somebody who's listening,

who's been meaning to do that, capitalize might be able to help if you again don't know how to do that whole process. So yeah, don't leave it with your former employer. Let's roll it over either into an IRA that we have that we own or into our current employer, bid, that we own, or into our current employer-sponsored retirement account. All right. We talked about this before, Edward Jones.

They're on my hit list. This is probably going to turn into a rant about Edward Jones, but this person is asking, hey, Tori, probably, yeah, I've heard your episode, how the fuck do I get out of this hellscape that is Edward Jones? So let's go ahead and take a listen. Hi, Tori. I have bounced around from one financial advisor that was trying to sell me whole life insurance to a new one with Edward Jones. But recently, I don't really want to be with them either. How do I switch to more of a robo-based investing

or investing on my own from my current investments? Like, how do I get my money out of there? How do I leave them? Or do I just leave it there and start my own thing and stop giving them my money every month? I would love to have direction. Oh, boy. Okay.

I'm taking deep breaths here because I just fucking hate Edward Jones. Sure. Let me, I'm going to go on the rant first and then I'll give you the advice. Edward Jones is bad. In case you didn't hear the previous episode where I was mad at them. They're just a not, they're just a terrible company. They take so much of your hard-earned money and fees. All of these places have fees. Don't get me wrong, right? It's how they make money. It's how they stay alive. That's fine.

But Edward Jones has the most ridiculous, unfair fees at the highest percentages I think I've seen. It's so much bullshit. It's so much bullshit. And I am just gonna tell ya, if you are currently investing at Edward Jones, of course this isn't your fault. Nobody told you. It's okay. But get the fuck out. Look at me. Like, get the fuck out. They are spending so much of your hard earned money, not actually growing your wealth, but on making themselves money. Just just get the hell out of there.

They're not good. For comparison sake, I literally in anticipation for this episode, because Kristen told me we had a fucking Edward Jones question, I pulled up Edward Jones's what they call schedule of fees. This is easily Googleable. You can Google Edward Jones fees and find the same spreadsheet. They want to charge you for anything and everything. And it's not like $2. It's like 2%, which doesn't sound like a lot, right? You're thinking 2%. That's not anything. One, no companies, other companies like charge fucking 2% for any, for this thing or for anything.

And then the thing is 2% of a million dollars, cause we hope we're all fucking millionaires is a lot of money to just keep your account open. So I just implore you so strongly that if you inherited an Edward Jones account, if you're at Edward Jones because, if you're at Edward Jones, because somebody told you like, oh, this is the place to go, just get the fuck out. And if you Google Edward Jones scam, you can get all this information as well.

I'm not the only person saying this. Any good finance expert will also tell you the same thing. Okay. Let's talk about how we actually get out. same thing. Okay, let's talk about how we actually get out. Fun fact, Edward Jones, because they have to squeeze the lemon that is you right before you leave. They're like, let me get one little last drop out of this lemon. They charge you a fucking closing fee. They charge you a fee for you to close your account. It's a bullshit fee, but it's worth paying so that we don't have to deal with them anymore. You will pay a $95, most likely $95 exit fee. That is that last

little squeeze of lemon juice on your way out. This is a transfer of an account fee. So if you are trying to close out your account at Edward Jones and transfer it to somebody else, they're going to get you on the way out. Now, if I was in your shoes, I might tell you with any other place that you don't like, yeah, it's fine. Keep it open. Just start investing somewhere else and just leave that account for now. Because it's fucking Edward Jones, if I was you, I would pay the fee, call it a loss and transfer my money over. You have three basic options for where you can start investing next, for where you can close your account and transfer your Roth

IRA or your individual brokerage account. Your three options are as follows. One, you can DIY your own investments. We've talked about this on previous episodes, but DIY platforms include Fidelity, Charles Schwab, Vanguard. The pro to these platforms is that there are way less in fees. All of these bullshit fees that Edward Jones charges you, any of those three companies that allow you to do it yourself are not charging you nearly as many fees and definitely not the bullshit fees.

So that's the pro. The con is that just as the name suggests DIY, you have to do it yourself. And for the average listener of the show, they don't feel confident enough to do it for themselves. And that's okay. If you've ever logged into one of these platforms and seen all the graphs and charts and tried to figure out how to actually invest and you've ever logged into one of these platforms and seen all the graphs and charts and tried to figure out how to actually invest

and you've been like, holy shit, this is so confusing. And then you've hit the bail button. You've just been like, bail, bail, bail, bail. Then you know what I mean. So DIY platforms are great because they're low fee, but you have to know what you're doing. You have to feel confident enough to manage your own investments

and to make investment choices for yourself. I feel confident enough to manage your own investments and to make investment choices for yourself. I feel confident enough to do that. The average person completely understandably does not. So dear listener, that is probably not the best option for you. You mentioned robo advisors. That is the other option. That is option number two. The great thing about robo advisors is that you hand them your money and they ask you

some information, right? Your demographic information, your risk tolerance, how, when you're expected to retire. And then they make choices for you. They invest for you depending on your answers. So that's a great thing is you can get in and get investing quickly, even if you have no idea what the fuck is going on. Some platforms that are robo advisors, this is not an exhaustive list, but Ellevest, Acorns, Wealthfront, Wealthsimple, Betterment, there's a bunch of other ones out there. But that's an example of some of the robo advisors.

So the pro is that you're investing quickly because they're investing for you. The con, as you might imagine, is they're gonna take a small fee to do this. Now, it is not an Edward Jones massive fee, but it's somewhere between typically, like it's under like half a percent typically, which isn't a lot again, especially compared to Edward Jones, but that like that adds up. In addition, the thing we hear from our community a lot is that they are fishing for

you rather than teaching you to fish, right? So someone might invest through an Elevest or an Acorns or a Betterment and they get cooking, which is great because we want to get started. But what happens is after a couple of years, they'll come to me and they'll go, Tori, I don't understand what's happening though. I don't have any investing knowledge three years later than I did when I first got started. I don't know why they're choosing the things that they're choosing. I don't know what any of these terms mean still. And it's my hard earned money that's just kind of like going into the ether and I'm crossing my fingers that people are making good

choices with it. So the pro the rubber visor again is that they're getting you started fast, but the con is that they're doing it for you and they're taking a fee and you're kind of left going, wait, what the fuck is going on? So call me the Hannah Montana of investing because I built you the best of both worlds. You get it? You get it? We built stock market school with you in mind. We literally teach you and guide you through DIYing your own investments in a

safe place so that you can actually know what the hell is going on without the shame, without the jargon and in a place where you can not only actually invest, but learn how to invest, get your questions answered, learn from me and coaching and in workshops and all of that. All of the information can be found below including pricing, including testimonials, FAQs, but we literally built stock market school with the her first 100k community in mind because frankly, we didn't like any of the options that were out there. You can manage your money yourself. We've talked about this before. You don't need a Wall Street chat.

And yes, this includes Edward Jones in this case to come and save you. You just need somebody to guide you and support you and give you the information that you need to make smart, educated choices. So we would love to see you in stock market school if that's of interest. But those are your options in terms of getting out of Edward Jones. Again, if I was you, I would pay like, you know, suck it up and like pay that fucking $95 fee to get out and then move my money to either a DIY platform if I feel confident enough to manage my own investments to a robo advisor, if I want to get started or to stock market school.

And I would love to see you there. So those are your three basic options for actually moving that money out of Edward Jones. I will round out this by saying, again, if you are at Edward Jones, they are scamming you. They are taking your money for things and for fees that don't exist at most other companies. They're kind of just making them up and that's some bullshit. And we want your hard earned money to actually go towards building your wealth, which is why the money's there. Thank you so much for all of your questions about investing. As always, we have both free and paid resources around learning to invest that we will link in the show notes if you want to take your investing education further past this episode. Thank you to everybody who submitted their questions.

You can always leave us a voicemail and we might feature it in another Ask Tory in the future. We appreciate you being here. We're so excited to watch you fucking build your wealth and grow it by investing. I hope you have a great rest of your week and we'll talk to you soon. Thank you for listening to Financial Feminist, a Her First 100K podcast. For more information about Financial Feminist, Her First 100K, our guests and episode show notes, visit financialfeministpodcast.com.

If you're confused about your personal finances and you're wondering where to start, go to herfirst100k.com slash quiz for a free personalized money plan. Financial Feminist is hosted by me, Tori Dunlap. Produced by Kristen Fields and Tamesha Grant. Research by Sarah Shortino. Audio and video engineering by Alyssa Midcalf. Marketing and operations by Karina Patel and Amanda LeFeu.

Special thanks to our team at Her First 100K, Kaylin Sprenkel, Masha Bakhmukheva, Sasha Bonar, Ray Wong, Elizabeth McCumber, Darrell Ann Ingman, Shelby Duclos, Megan Walker, and Jess Hawks. Promotional graphics by Mary Stratton, photography by Sarah Wolf, and theme music by Jonah Cohen Sound. A huge thanks to the entire Her First 100k community for supporting our show.