Jill on Money with Jill Schlesinger cover image

Jill on Money with Jill Schlesinger

55 and Thinking of Retirement

Jan 8, 2025
The journey to retirement at 55 brings financial complexities. Real estate investment is dissected, revealing its pros and cons. Stay informed about income sources and the dynamics of family finances as retirement nears. Dive deep into managing retirement accounts like IRAs and 401ks for strategic planning. Long-term care and insurance options are crucial for pre-retirees, alongside updating important estate documents to reflect life's changes. Prepare wisely to ensure a secure financial future!
16:04

Podcast summary created with Snipd AI

Quick takeaways

  • Investing in funds like Fundrise can offer diversification and growth potential without the hassles of managing real estate directly.
  • Part-time work before retirement can help bridge income gaps, ensuring a smoother financial transition into retirement.

Deep dives

Investing in Real Estate Made Easy

Real estate has historically been a crucial path to wealth accumulation, but it often presents challenges for investors, such as management headaches and maintenance issues. A potential solution for these concerns is the Fundrise flagship real estate fund, which boasts a substantial portfolio valued at $1.1 billion. This fund includes over 4,000 well-managed single-family homes and 3.3 million square feet of industrial properties in high-demand areas. By investing in this fund, individuals can benefit from real estate's long-term appreciation potential and diversification from the stock market, all without the burden of typical landlord responsibilities.

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