BONUS call: Retirement Planning
Jill on Money with Jill Schlesinger
Audacy
4.6 • 1.9K Ratings
🗓️ 26 December 2017
⏱️ 12 minutes
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Summary
Welcome to the post-Christmas edition of the BONUS call! Only in his early 50s, Jeff from Georgia already has well over a million dollars and wanted to run his longterm game plan by us. Is this a good time to try some market timing?? Have a finance question? We want to hear from you! Email us at askjill@betteroffpodcast.com and we'll arrange to get you on. Don't forget, a brand new episode of the Better Off podcast comes out Thursday so stay tuned for more listener questions plus an informative interview. Better Off is sponsored by Betterment. Please let us know what you think by leaving a rating or review in iTunes. 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/ https://soundcloud.com/jill-schlesinger http://www.stitcher.com/podcast/jill-on-money http://betteroffpodcast.com/ 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. And you know this is so great. This is the time we can chat with you about what's going on in your financial life, the questions that have been burning. You've got two chances every week to get on the air. We drop this bonus episode on Tuesdays. And then we try to pop one in after the longer show on Thursdays. |
| 0:23.4 | If you do have a question, just shoot us an email. |
| 0:26.9 | Ask Jill at betteroffpodcast.com. |
| 0:30.2 | Jeff from Georgia is on the line. |
| 0:32.3 | Tell me what's going on. |
| 0:33.2 | How can I help you? |
| 0:34.2 | I'd like your insights into this particular question. |
| 0:36.8 | So I'll try to paint, |
| 0:39.7 | you know, somewhat of a picture to help, help with your thoughts here. Okay, great. So I'm 52 years old. |
| 0:47.0 | I've got a net worth of about $1.7 million. Ding, ding, ding, ding. Great job. Bing, bing, |
| 0:52.8 | yep. Zero debt. Ding, ding, ding. Great job. Bing, Bing, Bing. Yep. Zero debt. |
| 0:55.9 | Within retirement accounts between my wife and I, we probably have about $750,000 in IRAs, 401K, that type of thing. |
| 1:05.8 | Okay. |
| 1:07.2 | And so seeing where the markets are going right now they've they've been up i believe there's |
| 1:12.8 | probably a correction at some point in time but you know who knows when and how big so one of |
| 1:19.1 | things i was thinking about this would be maybe a little bit of a speculative play uh not something |
| 1:24.7 | i usually would do but say out of the $750,000, take some of that, |
| 1:31.9 | say about $100,000, put it in cash, and park it in keep it in one of the 401ks or whatever |
| 1:38.8 | it may be until this, you know, correction that maybe on the horizon happens and then throw back |
| 1:45.9 | in the market then. |
| 1:46.8 | Okay. |
| 1:47.7 | A little market timing for you. |
... |
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