Welcome to the Jill on Money Show. It's Monday, September 1st. I believe it's Labor Day. I hope so, Mark. So make sure that if I've made a mistake on this, you'll let me know. If you've got the day off and you're listening to this a day or two later, no problem. Remember, this is the program that tries to take the mystery out of your financial life.

We really are trying to help you identify the options that are in front of you, whether it's

retirement, whether it's funding college.

Maybe you're thinking about selling a house, buying a house.

Maybe you're just getting started on your financial journey.

Whatever it is, we are here to help.

Both Mark and I are certified financial planners and we love

doing this we love helping you get where you want to go or at least figure out the different

ways to get there so if you've got a question just go to jillonmoney dot com that's our website

click the contact us button write us that note and if you'd like to join us on the air, check the box.

Mark, we'll do everything else. Hey, don't forget to sign up for the free weekly newsletter comes out

every single Friday. Mark does a great job with that. Right now, let's talk to Ron, who joins us

from the Midwest. My wife and I need to make a decision on her pension options. Okay. Tell us more. Well, I'm 58, my wife is 59. I make

$125,000 a year, and I also draw a pension of $50,000 from a previous employer. Wow. My wife is

currently collecting $6,500 a month on long-term disability. And as far as our retirement savings,

we have about 260,000 in Roth accounts and about 2.2 million in traditional IRAs and 401ks.

Holy smokes, you guys have saved a ton of money. Out of curiosity, since you have so much

income right now, what do you need to live on? What is your, what's kind of your, your monthly nut?

Probably about 11,000. And your wife is on long-term disability. Does she need care in the home?

I'm just trying to get a sense of her condition

and whether those costs of $11,000 a month could rise. No, she doesn't need care at this point.

All right, good. On your 125 a year, are you currently maximizing your retirement contributions?

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