Welcome to the Jill on Money podcast. It is Sunday, August 22nd. And we are trying to provide you with a new way of thinking about your financial life. That's what we're doing here. We are not promising you the world. You don't have to get great returns. You don't have to keep up with

your neighbors. You have to do the thing that's right for you. And in order to do that, all we ask

is for you to send us your questions. Ask Jill at jillonmoney.com. Ask jill at jillonmoney.com. Or if you're on the website, maybe you want to sign up for our

free weekly newsletter, then all you have to do is hit the contact button. Today, we are talking to

Steve from Cleveland, who is really just being a great son. So we're going to talk to him about

how to help his mom with her financial life.

Hey, Steve. How you doing? Good morning. Jill. Thanks. My mom and dad were getting very close to

retirement. Mom was 62. My dad was 60 when my dad unfortunately passed away very unexpectedly.

Oh, I'm so sorry.

Oh, thank you.

So I'm trying to help my mother figure out a new plan for retirement and for her finances going forward since the old one isn't really going to work anymore.

Right.

So tell me a little bit.

So mom is 62.

Tell me, is she working? She is working. The original

plan was she was going to work for one more year. And then she was going to retire and start

collecting her pension. My dad was going to work for a couple more years as they tried to

squirrel away as much money as they could into their retirement accounts.

And also they were planning on figuring out where they actually want to live in retirement

and selling their house and things like that.

Okay. So right now, in terms of where she is living, she's living in the home uh how much is the house worth right now

the house is probably worth about 600 i think there's about a hundred thousand left on a mortgage

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