Jill on Money with Jill Schlesinger Peace of Mind With Allocations Heading Into Retirement
10 snips
Sep 25, 2025 As retirement approaches, the discussion centers around adjusting asset allocations. A caller navigates the intricacies of pensions, spending, and account balances. Experts weigh in on the importance of health costs and Social Security in planning. Jill shares strategies for withdrawing funds to minimize taxes and recommends moving away from target-date funds for a more effective asset mix. The conversation also highlights the gradual shift from stocks to bonds for stability. Valuable advice for new teachers underscores the significance of early investing.
AI Snips
Chapters
Transcript
Episode notes
Forced Pension Savings Paid Off
- Mary noted that being an educator forced retirement savings via pension contributions early in her career.
- She said that initial forced contributions felt painful but ultimately became a huge benefit.
Pensions Cover Current Spending
- Mary shared specific income and spending numbers: a $73k pension for her and $52k for her husband.
- She tracked household spending at about $70,000 including travel and feels comfortable with that gap.
Preserve Cash And Rely On Pensions First
- Keep your emergency fund and short-term cash holdings intact as you near retirement.
- Preserve pensions and use them as core income before tapping investments.