BONUS call: Early Retirement

Jill on Money with Jill Schlesinger

Audacy

Education, Investing, Business, Self-improvement

4.6 • 1.9K Ratings

🗓️ 10 April 2018

⏱️ 15 minutes

🔗️ Recording | iTunes | RSS

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Summary

The subject of early retirement is quickly becoming one of the most common questions we receive. The latest one comes from Mitch in California. Can he do it? Or will he have to bite the bullet and keep working? 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

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0:00.0	Welcome to the Better Off bonus call of the week. We're sponsored by Betterment, the largest
0:08.3	independent online financial advisor. Now, remember, you have two chances every single week to chat with me
0:16.4	about whatever's going on in your financial life. I promise that I would do my best that I can to get you
0:23.5	on the air. And if I don't really know the answer, then I'm going to probably email you and say,
0:29.5	and I'm not sure I know this, but here's what you might want to try. We're going to stay in touch
0:33.7	with you. That's what we do. The easiest way to get in touch with us is just send an email.
0:39.3	Ask Jill at betteroffpodcast.com. Ask Jill at betteroffpodcast.com. Okay, today we have Mitch on the line.
0:48.7	He is calling from Southern California. Hello, Mitch. What can I do for you?
0:53.9	Hey, Jill, thanks for having me. I love
0:56.2	your show. Oh, thank you so much. Let's mark that. Let's put that in the best of right now.
1:02.1	Okay, just kidding. I just turned 50 and I'm thinking about retiring early. Whoa, whoa, whoa,
1:08.3	what do you mean? Turning 50 retiring early? Why? Well, you know, it was
1:14.7	just a dream that I started having a few years ago, and I just kind of sort of lining up my finances
1:20.0	to make it possible. To be totally honest with you, I'm not sure what I'm going to do, so I'm just
1:26.2	kind of waiting to pull the trigger until I kind of
1:29.1	figure that part out. Okay, but wait a second. Like, do you hate what you do? No, but you know how it is.
1:35.3	Like Mondays come around and you're like, oh, God, do I have to go to work again? I know. It's
1:40.2	really, it's unrelenting. But I mean, but the thing that's interesting is, I mean, considering how long we live and you're 50, I mean, you essentially could say live for another 40 years.
1:57.2	I mean, it takes a lot of money to be able to just retire.
2:00.9	Do you think when you imagine this blissful state of yours at age 50, does it mean never working again or doing something different in making less and working less hard?
2:12.9	How do you imagine that?
2:14.8	I think it's probably more like the latter.
	...

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