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HerMoney with Jean Chatzky

“I’m a single mom with two kids in college. Will I ever be able to retire?”

HerMoney with Jean Chatzky

Jean Chatzky Her Money

Investing, Entrepreneurship, Business

4.81.3K Ratings

🗓️ 4 July 2025

⏱️ 28 minutes

🧾️ Download transcript

Summary

In this special AMA Mailbag episode, Jean sits down with two thoughtful guests navigating how to prepare for the future as single moms. First up is Rebecca, a mom of two in Oregon, about 15 years out from retirement. She’s wondering if she’s doing enough to get there. Then we hear from Sarah, a mom in Virginia with a big question: If something happens to her, how can she ensure her assets go directly to her daughter, not her ex?  💡 Topics Covered: Planning for retirement as a single parent Pensions vs. savings: how to make it work When to prioritize paying off your mortgage Estate planning and guardianship for solo moms Trusts, wills, and protecting your child's financial future … Does more financial confidence sound good to you? Then you might want to try:  🚀 FinanceFixx – HerMoney’s 4 or 8-week Money Makeover financial coaching program that will help you get your finances on track!  📈 InvestingFixx – HerMoney’s investing club for women who are ready to learn market lingo and grow their wealth. Your first month with us is completely free!  Have a question for us? Write to us (or send us a voice note!) at [email protected].  While you’re at it, join the HerMoney community! For the latest episode drops and financial news-you-can-use, subscribe to our newsletter at Hermoney.com/subscribe! Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Hey everyone, I'm Gene Chatsky. Thanks so much for joining me today on Her Money. You know how much I love these Ask Me Anything episodes. It is so much fun to get the chance to connect with you one-on-one and really dig into what's on your minds. Well, today, we've got two incredible conversations lined up with some

0:22.6

single moms who are thinking ahead asking some really smart questions about how to prepare

0:28.9

for the future. First up, I'm chatting with Rebecca. She's a mom of two in Oregon,

0:34.7

looking at retiring in the next 15 years and wondering, is she doing enough

0:40.6

to get there? We break down her pension, Social Security, and retirement savings, and talk

0:45.7

about how to get a clear picture of her future income and whether it'll be enough. Then Sarah

0:53.0

joins me from Virginia.

0:55.0

She too is a single mom with a preschooler.

0:58.0

She's thinking about estate planning.

1:00.6

Specifically, she is wondering how to make sure her assets go directly to her daughter

1:05.6

and not her ex if something unexpected happens.

1:10.0

We dive into the importance of wills and trusts and

1:13.2

beneficiary designations and how to make sure you're prepared should the very worst happen.

1:19.6

If you are a single parent or you're just trying to plan ahead while juggling a lot,

1:25.2

this episode is for you. And if you've got a question you want to talk through, I would love to hear it.

1:31.4

Email me at Mailbag at hermoney.com.

1:34.4

We'll set up a Zoom and a time to chat.

1:37.1

We are going to take a quick break.

1:39.7

Hey, it's Jean, and I've got a question for you.

1:42.4

What's your five to nine looking like these days?

1:46.6

You know, time after work when you finally get to unwind and reset. Cozy Earth wants to make

1:53.9

that time the most comfortable part of the day. And I can tell you from personal experience, they're doing a pretty good job.

...

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