Okay to Retire in Seven Years?
Jill on Money with Jill Schlesinger
Audacy
4.6 • 1.9K Ratings
🗓️ 25 August 2024
⏱️ 16 minutes
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Summary
Am I on track to retire in seven years at the age of 60?
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Transcript
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| 0:00.0 | It's taken a few months, but I think I've almost chosen our next car. |
| 0:04.0 | I've weighed up new versus second-hand, assess the depreciation rates, and spoken to eight insurance providers. |
| 0:08.0 | I'll be ready to enter phase two of selection over the next few weeks. |
| 0:11.0 | You might be a driving enthusiast but were not all |
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| 0:19.2 | that simplifies your life. With insurance, maintenance and the possibility of switching to a fresh |
| 0:23.8 | vehicle every six months, experience the flexible alternative to car ownership at drivepivotal.com. Welcome to the Jill on Money Show. It's Sunday, August 25th, and we are here talking to you |
| 0:39.5 | about things that matter to you. Not the things that we think are the most important for you, but the things that we know you care |
| 0:47.6 | about. |
| 0:48.6 | How do we know that? |
| 0:49.6 | Because you drive the content of this show. So even when I'm talking about something about the |
| 0:55.1 | economy it's often in response to a question that I've gotten from one of you and I |
| 0:59.3 | thank you so much for that. Mark and I exist because of you guys and we understand that we are so grateful. |
| 1:06.7 | If you've got a question, just go to our website Jill on money.com and click the contact us button. Of course, let us know if you'd like to come on the air live and while you are on the website don't forget my book is still for sale. It's called the Great Money Reset and I wrote it because as many of you were making big changes in your lives during COVID, it kind of became apparent to me that you were seeking some guidelines. |
| 1:30.0 | So these are the guidelines that help you turn chaos into opportunity. The Great Money Reset, it is available in paperback. |
| 1:37.0 | Okay, right now, let's talk to Dave who's on the line from New Jersey. What's going on man? What can we do for you? Hey I'm a 53 years old |
| 1:45.2 | thinking about retirement that'll probably be maybe when I'm 60 but I wanted to get |
| 1:50.4 | some feedback from you guys on where I am and what I'm doing. |
| 1:53.2 | Okay, so tell us more about you. What's going on? You have a spouse Dave? |
| 1:57.2 | Yes, I have a wife 52 years old. |
| 2:00.0 | Okay, and do both of you work? We both work. Okay, how much do you earn together? |
| 2:05.7 | Together, 260. That's nice, good for you. And are you putting money in a Roth or a traditional retirement? |
... |
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