Prepping for Retirement
Jill on Money with Jill Schlesinger
Audacy
4.6 • 1.9K Ratings
🗓️ 20 April 2022
⏱️ 12 minutes
🧾️ Download transcript
Summary
With retirement a few years out, what should I be doing now to ensure a smooth transition?
Have a money question? Email us, ask jill [at] jill on money dot com.
Please leave us a rating or review in Apple Podcasts.
"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Welcome to the Jill on Money show. It's Wednesday, April 20th. And we are here trying to help you all make good financial decisions, the ones that you want to make that are consistent with what you want to do. It's all about you. And in order for us to help you out, just do this. Go to Jillonmoney.com, click the contact |
| 0:22.9 | us button. Let us know if you would be willing to come on the air and we would be delighted |
| 0:27.8 | to get you on. Today, we are talking to Anne, who is on the line from Western Mass. Hello, Anne. |
| 0:34.3 | How are you? Good morning. Nice to be with you. What's going on? How can we help you out? |
| 0:39.3 | Well, I'm hoping to retire in about eight years, and so we're starting to think pretty hard about our money and what we're doing with it. And then we came into a $60,000 inheritance. |
| 0:52.8 | And so we're trying to figure out what's the best plan of action for that. |
| 0:57.6 | Okay. |
| 0:57.9 | And how old are you? |
| 0:59.3 | I'm 58. |
| 1:00.8 | And you said a we? |
| 1:02.3 | So is there a partner in this? |
| 1:03.8 | A husband. |
| 1:04.8 | He's 60. |
| 1:06.4 | Okay. |
| 1:06.9 | Are you both working? |
| 1:08.2 | Yes. |
| 1:09.1 | How much do you earn? |
| 1:10.3 | My gross pay is about $107,000, and his is about $59,000. Okay. And are either of you entitled to pensions? I will get a pension. |
| 1:22.1 | Aha. Like that. It's estimate about $50,000 based on the year that I would like to start being in retirement. |
| 1:30.3 | Okay, great. And what about him? Any pension for him? No. Now, what about retirement accounts? How much do you have in retirement accounts? |
| 1:40.9 | He has, let's see, 4.3B through his employer Roth IRA and total is about 580,000 and what about you |
| 1:51.8 | for return I have I have uh through work we have a whatever it is 457 some of it is in pre-tax |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Audacy, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Audacy and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.