Welcome to the Jill on Money Show. It's Thursday, July 18th, and we are here trying to help you make better financial decisions if you've got something that's percolating in your life in your real life and it somehow touches money in some even slight way, we'd love to hear from you.

Just go to our website, Jill on Money.com, click the contact us button and let us know

if you would be willing to come on the air live with us.

Now, I love having you on the air,

but I also want to be clear that we know

that there are many shy people that you're never going to come on the air.

That is why we do email episodes and you know with apologies to my friend Martin who

really likes to hear the people's voices. I know Martine. I love it too, but a lot of times

people just need some help. So let's do some emails for today and let's start with someone who the subject is

husband passed away should I pay off my mortgage this is from K who's 64 years old

my husband passed away earlier this year I got a life insurance pay out of

$200,000. I was able to pay off some debt of about $24,000 and also fund an emergency reserve reserve of 36,000.

Okay, so now she goes on to write.

I know I shouldn't do anything drastic for a year.

That is totally true.

So I went to see a financial advisor. I wanted to pay off my mortgage balance, which is $113,000 at 6.5%.

Hmm.

Now the advisors said it would be better not to pay off the mortgage,

but to invest it.

So she moved the balance of her fidelity account, which I guess along with this other money, was about $120,000.

She fully funded a 2023 Roth IRA for last year and this year.

That's good.

...