Are We on Track?
Jill on Money with Jill Schlesinger
Audacy
4.6 • 1.9K Ratings
🗓️ 10 December 2023
⏱️ 10 minutes
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Summary
As we hit our mid 50s, are we on track for retirement in a few years?
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Transcript
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| 0:00.0 | Welcome to the Jill on Money Show. It's Sunday, December 10th, and we are here answering your financial questions. |
| 0:10.0 | If you've got one, just go to Jillonmoney.com, click the contact us button, and we'll get your note. |
| 0:15.3 | While you're on the website, check out my book, The Great Money Reset. Do you need a reset for your new year? |
| 0:20.2 | It's such a good time to do that, |
| 0:21.5 | like that whole turning over of a page and thinking about what to do next. I love that idea of |
| 0:26.6 | changing your work and changing your wealth and changing your life. You can see that steps that you |
| 0:31.2 | need to turn chaos into opportunity with my book, The Great Money Reset. Okay, without further ado, let's go to Mike, |
| 0:39.2 | who's on the line from Georgia. Thank you so much for taking my call. I'm really excited to talk to y'all. |
| 0:44.9 | First of all, you know that I'm a sucker for a Southern accent, so thanks for saying y'all. Don't |
| 0:49.3 | call me, ma'am. Let's go. Okay. So I just wanted to check in. I have some questions on retirement planning. And do you want me to just give you some numbers or? Yeah. Tell us a little bit about yourself. Mike. How old are you? I'm 55 and my, I'm married. My wife is almost 55. Okay. So you guys are 55. You got some kids? We have one 24 year old who's almost completely lost. She's working full time, but saving for a down payment. So she'll be moving. |
| 1:18.4 | That's good. You feel good about that, right? Did she go to college? Did you finance that? |
| 1:23.6 | We pay for college and then she did grad school and had some student loans, but they're almost all paid off. |
| 1:30.3 | So she's saving them money and she's doing a good job. |
| 1:33.2 | That's fantastic. |
| 1:34.3 | So do both of you guys work? |
| 1:36.7 | We both work. |
| 1:38.1 | How much do you guys earn together? |
| 1:39.8 | Together about 160. |
| 1:42.9 | Okay. |
| 1:44.0 | And is that a good amount of money? You do what you want. You feel good about that. Okay. And is that a good amount of money? |
| 1:45.9 | You do what you want. |
| 1:46.7 | You feel good about that? |
... |
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