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Jill on Money with Jill Schlesinger

BONUS call: Can I Retire Early?

Jill on Money with Jill Schlesinger

Audacy

Education, Investing, Business, Self-improvement

4.61.9K Ratings

🗓️ 3 April 2018

⏱️ 8 minutes

🧾️ Download transcript

Summary

The idea of retiring early always sounds amazing, but there's a big time risk of calling it quits and having to dip into your nest egg too early in the game. That's the discussion we had with Lee from Germany. Have a money question? Email me here. Better Off is sponsored by Betterment. Please let us know what you think by leaving a rating or review in Apple Podcasts. Connect with me at these places for all my content: http://www.jillonmoney.com/  https://twitter.com/jillonmoney  https://www.facebook.com/JillonMoney  https://www.instagram.com/jillonmoney/  https://www.youtube.com/c/JillSchlesinger  https://www.linkedin.com/in/jillonmoney/  http://www.stitcher.com/podcast/jill-on-money  https://itunes.apple.com/us/podcast/better-off-jill-schlesinger/id431167790?mt=2

Transcript

Click on a timestamp to play from that location

0:00.0

Welcome to the Better Off Bonus Call of the Week.

0:06.0

We're sponsored by Betterment, the largest independent online financial advisor.

0:11.0

Well, this is one of our favorite parts of the program. It's when we hear from you directly and what's going on in your financial life.

0:17.0

If you've got a financial question or you just want to make a comment and maybe on a guest that's been on recently, just give us a

0:23.8

holler. Our email address is Ask Jill at better off podcast.com. Ask Jill at better

0:29.8

off podcast.com. You got two chances to get on the air every week.

0:33.6

Tuesdays we drop this bonus call and then Thursdays after the longer interview.

0:38.1

We like to do a listener question of the week.

0:40.7

So today we're on the line with Lee and Lee you are calling from

0:44.2

Germany I understand is that correct? I am good morning to you. Well

0:48.9

afternoon here. Oh excellent what can I do for you? I'm a military retiree. I did 20 years of service in the military.

0:56.7

I retired two years ago.

0:59.2

I am now a government, I work for the Department of Defense in Germany so I'm a federal employee and

1:06.7

I guess I have a kind of a good problem to have but it's my problem so I'm looking for advice on what you give military retirees as to how they integrate

1:16.4

the pensions into the traditional programs for O'Lon K's Roth, PSP and the government

1:22.4

case.

1:22.8

Okay.

1:23.8

Oh, and I also want to say I am a big addict of this of this podcast and I will probably

1:28.2

get some grief from you because some of the things I say, I know you're against.

1:31.5

So this will be an interesting phone call.

1:33.2

Yeah I have nothing to I think we're friends let's start on the same page.

1:39.2

So you are 20 years that you gave of your life which is pretty awesome and are you you are currently receiving a pension of how much Lee?

...

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