Jill on Money with Jill Schlesinger Am I Ready to Retire at 62?
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Dec 22, 2025 Lee, a 60-year-old planning to retire at 62, delves into her financial landscape, including a $195k salary and nearly $1M in her TSP account. She discusses her $65k pension and Social Security benefits alongside monthly expenses of $6,500. Lee considers a move to a smaller home and the complexities of her rental properties, while Jill advises on a smart withdrawal strategy. They also discuss the pros and cons of keeping or selling investments, all as Lee prepares for a purposeful retirement full of new adventures.
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Prioritize Guaranteed Retirement Income
- Do plan retirement income around guaranteed streams like pension and survivor Social Security first.
- Jill Schlesinger shows these cover most of Lee's $6,500 monthly needs so prioritize them before tapping savings.
Rental Property Turned Vacation Rental
- Lee owns a rental formerly used as a vacation home that she started renting after her husband's death.
- The property currently roughly breaks even and is near several beaches, which gives Lee flexibility and options.
Delaying Social Security Increases Lifetime Income
- Delay your own Social Security to age 70 if you can, because it increases lifetime income.
- Jill notes waiting boosts Lee's benefit to about $60,000 at 70, improving long-term cash flow.