Jill on Money with Jill Schlesinger Nervous About Retirement
Dec 26, 2024
Feeling anxious about retirement? The conversation dives into how to navigate finances during this pivotal transition. It covers strategic income planning, pension details, and healthcare options to ensure steady cash flow. Listeners gain insights into retirement savings strategies, including the pros and cons of different account types. The impact of health and family dynamics on financial security is also discussed, highlighting the importance of contingency plans and understanding pension benefits for a secure future.
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Episode notes
Life Insurance Advice
- Casey should explore life insurance options for her husband.
- This will act as a financial safety net if he passes away in the next 5-10 years.
Comparing Pension vs. Insurance
- Determine the cost of a 10-year term life insurance policy for a 62-year-old man.
- Compare this cost to the potential loss of pension survivor benefits.
Estate Planning Advice
- Casey and her husband should finalize and sign their estate documents.
- This is especially important given their blended family and assets.