meta_pixel
Tapesearch Logo
Log in
Jill on Money with Jill Schlesinger

Can We Pause Retirement Savings?

Jill on Money with Jill Schlesinger

Audacy

Investing, Education, Business, Self-improvement

4.61.9K Ratings

🗓️ 7 May 2024

⏱️ 16 minutes

🧾️ Download transcript

Summary

Is it okay for us to press pause on retirement for a year, or maybe two, so that we can start saving for a house down payment?

Have a money question? Email us here

Subscribe to Jill on Money LIVE

YouTube: @jillonmoney

Instagram: @jillonmoney

Twitter: @jillonmoney

"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.

Transcript

Click on a timestamp to play from that location

0:00.0

Welcome to the Jill on Money Show. It's Tuesday, May 7th, and we are here trying to help you make

0:09.1

better financial decisions, maybe less bad ones. Maybe you don't even know the right question to ask but you're

0:14.9

feeling unnerved about something going on in your life and it has to do with money. If that's the case,

0:20.3

get in touch with us. Go to our website Jill on money.com

0:24.0

click the contact us button and let us know if you'd be willing to come on the air with us.

0:28.8

If you don't want to come on the air, that's okay, just send us the email

0:32.4

and we'll do an email episode that's what we do from time to time

0:36.3

while you're on the website please don't forget to sign up for the free weekly newsletter and

0:41.0

check out our YouTube show it's called Jill on Money powered by the

0:44.4

compound yes that is where you two could become a

0:47.4

Jillianer we didn't make that up someone else made it up okay let's do some

0:51.5

emails today this is from He and his wife for 30 and 31 respectively,

0:56.4

and oh my goodness gracious, they make a lot of money combined. They will be making

1:01.8

four hundred sixty thousand dollars thirty and

1:04.9

thirty one she's a doctor he's in tech okay my gosh right now we have seventy eight

1:10.6

thousand dollars in a traditional 401k, $20,000 in a high-yield savings account, $11,000 in a brokerage account.

1:18.6

Wow, this cash was going to just rocket them.

1:21.0

They've got 9 grand invested RSUs in a company that could go public. He says likely, I'm going to say could, in

1:26.8

2025. Okay, once July rolls around, here's the plan. They're going to save $9,000 per month.

1:34.5

7,500 for a down payment fund, 1500 to a brokerage account, which by the way the

1:40.4

brokerage account they don't intend to touch for 40 years.

1:43.2

There's no rush to buy a house, but we would like to do so in the next three to five years.

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from Audacy, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Audacy and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.