Can We Retire at 55?
Jill on Money with Jill Schlesinger
Audacy
4.6 • 1.9K Ratings
🗓️ 27 May 2022
⏱️ 11 minutes
🧾️ Download transcript
Summary
With a pension on the horizon, and insurance covered, can we start daydreaming about retirement at 55?
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"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.
Transcript
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| 0:00.0 | When you can't quite get the angle, take hands-free selfies with the Samsung Galaxy Z Flip 5, |
| 0:05.2 | stand it up, step back, and your photos are also synced to your Chromebook, ready to edit. |
| 0:10.8 | The new Samsung Galaxy Z Flip 5 and Chromebook, available on Vodafone. |
| 0:18.8 | Welcome to the Jill on Money Show, it's Friday, May 27th. |
| 0:23.1 | And we are here trying to take the mystery out of your financial life. |
| 0:26.3 | It can be mysterious at times. |
| 0:28.0 | I know everyone's hyper focused on the markets, but I'll tell you what, |
| 0:31.2 | you know what's the best feeling when the markets are going crazy? |
| 0:35.1 | It is knowing that you are still working and you are putting money to work every single |
| 0:40.8 | pay period. It makes a lot of the gyrations feel a little bit better because you're like, |
| 0:44.7 | oh, I'm actually forcing myself to buy into the market when I really don't want to. |
| 0:48.9 | See? Another reason mark why I cling to my desire to have everybody work just a bit longer. |
| 0:54.9 | There's lots of jobs out there still. Inflation's still high. Maybe you should get a job. |
| 0:59.2 | Okay, let's do some emails. This is from Lewis, who writes, |
| 1:03.7 | my wife is 63 and I am 68. We've both retired from our primary jobs. |
| 1:11.8 | We started a consulting company over the last few years. We've been extremely successful |
| 1:15.6 | actually over the last 10 years. No kids, no debt at all. And savings investments |
| 1:21.6 | done really well. They feel very blessed. I've used Vanguard for investing for the past 30 years. |
| 1:26.9 | Our problem. We have difficulty spending. Mark, are there any suggestions how we can help them |
| 1:34.8 | spend more money? It is, I was just going to say, it is a funny thing. It is a weird but common problem. |
| 1:40.4 | And I know why. Guess why? Because we live our whole lives with the idea that we want to put money |
| 1:47.7 | away. We know how to do that. We live within our means. And then all of a sudden the money is |
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