Jill on Money with Jill Schlesinger Anxious About Retirement Plan
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Apr 16, 2025 This podcast tackles the anxiety many face while preparing for retirement amid financial volatility. A light-hearted discussion leads into serious advice, as a couple's financial readiness is examined. Key topics include retirement account strategies like 401ks and the importance of asset allocation. Listeners learn about managing emotions and fixed expenses during this life transition. Insights on estate planning and the advantages of choosing reliable financial partners are also explored, making it a must-listen for those approaching retirement.
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Timely Retirement Decision
- Don't delay your retirement decision too long; aim to inform your employer by mid-May as planned.
- Evaluate your financial standing thoroughly including assets, liabilities, and retirement accounts before committing.
Leverage Health Insurance Premium Accounts
- Use specific retirement health insurance premium accounts (e.g., RIPA) to cover healthcare costs before Medicare eligibility.
- These accounts provide targeted support for insurance premiums, easing healthcare financial burdens post-retirement.
Annuities for Steady Retirement Income
- Consider annuitizing traditional retirement accounts to secure steady income and reduce exposure to market volatility.
- Use annuities alongside fixed income sources to cover essential living expenses and allow other investments to grow.