Do We Have Enough in Investments?
Jill on Money with Jill Schlesinger
Audacy
4.6 • 1.9K Ratings
🗓️ 19 September 2022
⏱️ 14 minutes
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Summary
My wife and I are in our mid 50s and hoping to retire in the next year or so. Do we have enough money saved to make it happen?
Have a money question? Email us, ask jill [at] jill on money dot com.
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"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.
Transcript
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| 0:34.0 | Welcome to the Jill on Money Show. It is Monday, September 19th. |
| 0:38.7 | And we are here to help you navigate your financial journey. |
| 0:43.5 | Big week ahead, we are going to have a Federal Reserve meeting. |
| 0:46.7 | And after that hot inflation report that was released last week, |
| 0:51.4 | I think that the Fed is almost certainly going to raise interest rates by another point |
| 0:56.5 | at 75%. Just to put that in perspective, a year ago, |
| 1:02.0 | Fed funds rates were at zero. |
| 1:04.0 | And now we're going to, by the end of this week, likely be somewhere around three to three |
| 1:09.0 | and a quarter percent. |
| 1:10.2 | Three doesn't sound like a lot, but it's been happening quickly. |
| 1:14.2 | So the market reaction to the inflation report is crazy, blah, blah, blah. |
| 1:19.9 | All these things are happening, but really in your long-term financial journey, |
| 1:25.0 | this is a mere blip, I hope. Okay, I really do. |
| 1:28.4 | So if you've got a financial question, we encourage you to hop onto our website, |
| 1:32.1 | JillOnMoney.com, hit the contact us button. |
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