Jill on Money with Jill Schlesinger Roth vs Pre-Tax 401(k) Contributions
5 snips
Jan 8, 2026 The discussion dives into the implications of switching to a Roth 401(k) and how it affects paycheck amounts. Listeners learn about the importance of starting contributions at the employer match level and gradually increasing them. Jill highlights the significance of using the IRS withholding estimator for financial planning. The conversation also touches on the pros and cons of mutual funds versus ETFs, emphasizing low-cost index options. Overall, the insights are practical for anyone considering retirement contributions.
AI Snips
Chapters
Transcript
Episode notes
Prioritize Handling Annuities First
- Review annuities closely and consider annuitizing or using them first if they become available.
- Use annuity proceeds strategically before tapping other retirement accounts to manage tax and cash flow.
Use Guardrails For Early Withdrawals
- Build guardrails: pause IRA withdrawals if the market tanks and use cash reserves instead.
- Monitor withdrawals and adjust when Social Security begins to reduce reliance on account drawdowns.
Replace Advisors You Don't Connect With
- If you don't feel connected to your wealth manager, get a real second opinion and consider changing advisors.
- Your comfort and trust with financial advice matter as much as technical planning.