Can We Afford to Help Out Our Sons?
Jill on Money with Jill Schlesinger
Audacy
4.6 • 1.9K Ratings
🗓️ 30 April 2026
⏱️ 15 minutes
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Summary
With retirement right around the corner, can we afford to give our two sons a good amount of financial assistance?
"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.
Transcript
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| 0:00.0 | Welcome to the Jill on Money Show. It's Thursday, April 30th. Oh my goodness. The last day of April, |
| 0:10.0 | where does the time go? Mark and I have talked about this many times that because of our schedules |
| 0:15.6 | and the way that we record in advance for a lot of stuff, it always feels like it catches us by surprise how quickly |
| 0:22.7 | time does fly. So before time flies too much and before something is going on that is out of |
| 0:30.9 | your control, why not get in touch with us right now while you have a good handle on what's |
| 0:37.1 | going on in your financial life. Or if you feel |
| 0:40.2 | completely out of control, now's the time to get in touch with us because we don't want to wait |
| 0:44.5 | too much longer. If you've got a financial question, if something is going on, you can always |
| 0:49.5 | reach us by going to our website, Jillonmoney.com, click the contact us button, write us a note. |
| 0:55.9 | If you would like to join us live on the air, check the box. Mark, we'll do everything else. |
| 1:00.6 | That is what Steve did. He joins us from the Mid-Atlantic. Hello, Steve. How are you? |
| 1:06.9 | Oh, hi, Jill. Hi, Mark. Yeah. Again, thank you so much for having me on and trying to help me out. |
| 1:12.2 | Of course. So tell us what brings you to us. What's going on? Well, I need a financial gut check because I would like to retire in two years when I turned 62. But, and I've been a very good favor over the years. But between now and retirement, I want to help my two grown sons financially. |
| 1:34.1 | And also I have, I need to renovate my house. |
| 1:37.0 | So that's going to be a little costly. |
| 1:38.9 | And I'm just wondering with these additional costs right before retirement, well, my retirement still be good for 30 years. |
| 1:46.2 | I do have longevity in my family. You know, we live until the 90s. So I am concerned about |
| 1:51.9 | whether or not it will hold up over 30 years. Steve, are you married, single, partnered? |
| 1:58.3 | I am married, married for over 30 years. And are you both working and |
| 2:04.5 | planning on retiring? Like, what's the game plan with work life for both of you? She's sort of |
| 2:09.9 | semi-retired, just working part-time, but she'll retire with me. And so we're going to go out at the same |
| 2:15.4 | time. It's funny when you say go out. It's like, |
... |
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