How To Get on Track for Retirement

Jill on Money with Jill Schlesinger

Audacy

Self-improvement, Business, Investing, Education

4.6 • 1.8K Ratings

🗓️ 9 December 2020

⏱️ 16 minutes

🔗️ Recording | iTunes | RSS

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Summary

As I said yesterday, I'm all for people wanting to make sure they're on track for retirement, but sometimes in life there are far more important things that take priority. Have a money question? Email me here. Please leave us a rating or review in Apple Podcasts. "Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com. To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices

Transcript

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0:00.0	Welcome to the Jill on Money Podcast. It is Wednesday, December 9th. Do you know why
0:09.2	December 9th is a very important day? I'll tell you why because that is the day that for the first time ever,
0:15.8	the Peanuts Christmas special aired. How about that? That's a good piece of little like granular
0:21.8	piece of trivia for you. It's also my birthday. So send
0:25.8	me your birthday wishes and it's kind of a weird birthday. I don't know what I'm
0:29.7	doing, probably nothing, but which is probably what we did yesterday and the day before and day before that.
0:36.5	If you have a financial question all you have to do is send us an email.
0:41.2	Ask Jill at Jill on Money.com. Ask Jill at Jill on Money
0:45.8	dot com. That is what Susan did and now we are going into one of our favorite
0:51.5	categories of conversations.
0:54.4	Susan wants to know about mortgage versus paying cash.
0:57.6	Okay, so she writes, on the podcast,
1:01.2	there was a woman who wanted to sell two homes worth 350 grand and buy land
1:05.8	and build a house for 700 grand.
1:07.9	She asked about getting a mortgage or paying for cash.
1:10.6	You recommended getting a mortgage since rates are low.
1:13.6	Okay, good. I still like that advice.
1:16.1	Susan plans to downsize in about four years and she was planning to use the equity
1:21.1	about $350,000 to pay cash for another home.
1:25.0	Since my move is several years away, can you explain more about how to decide between
1:30.7	having a mortgage or paying cash.
1:33.1	What interest rate is the tipping point?
	...

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