Sitting on Cash, Should I Pay Off the Mortgage?
Jill on Money with Jill Schlesinger
Audacy
4.6 • 1.9K Ratings
🗓️ 9 June 2022
⏱️ 12 minutes
🧾️ Download transcript
Summary
If I'm sitting on a pile of cash, and it's earning next to nothing, does it make sense to use it to pay down the mortgage?
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 | When you can't quite get the angle, take hands-free selfies with the Samsung Galaxy Z Flip 5, |
| 0:05.2 | stand it up, step back, and your photos are also synced to your Chromebook, ready to edit. |
| 0:10.8 | The new Samsung Galaxy Z Flip 5 and Chromebook, available on Vodafone. |
| 0:18.8 | Welcome to the Jill on Money Show. It's Thursday, June 9th, and we are here |
| 0:24.7 | answering your financial questions, trying to help you make better decisions, or maybe a different |
| 0:30.6 | decision. Maybe we're just going to be here to help you understand what your options are. |
| 0:36.5 | We're kind of open. It's what you want. So if you've got something going on financially, |
| 0:42.2 | maybe it's a new job offer, maybe it's a decision about investments, maybe it's a decision |
| 0:48.5 | about whether or not you want to go back to school for some reason. You know, something big. |
| 0:53.9 | A big decision you want to make, and of course, the regular kinds of questions, retirement, |
| 0:59.2 | or you want to track all that fun stuff. Anyway, all you need to do is go to Jill on Money.com, |
| 1:05.2 | click the contact us button, and write down what's going on. If you're willing to come on the show, |
| 1:11.6 | just check that box that says, hey, I'll come on the show with you, and Mark does everything else, |
| 1:16.9 | and that's so great. Now, we do like to get through some of these emails. So let's make this |
| 1:23.1 | an email episode. Ready? Here we go. Mark says, not my mark. Listener Mark says that, oh, |
| 1:32.4 | I should say viewer because of the message. Hi, Jill. I watch CBS mornings every morning, |
| 1:36.9 | and I enjoy when you come on for the money section. Thank you very much. I am 60 years old, |
| 1:43.3 | and I just left a company, and I was there for 35 years. Wow. They gave me a year of salary |
| 1:50.3 | with a non-compete. I'm working part-time with full benefits, and I'm making 35 grand a year. |
| 1:57.5 | I'm putting all of my old salary into my brokerage account. I was making about $125,000 a year |
| 2:04.0 | at my old job, and I wanted to see whether it makes sense to retire at 62. Now, I really don't |
| 2:11.3 | want to go back to what I was doing. I understand that's hard to do. I was approached by a competitor |
... |
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.