Jill on Money with Jill Schlesinger Saving in the Wrong Places
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Dec 11, 2025 Linda from Atlanta shares her financial anxieties after previous losses during the financial crisis, raising questions about her retirement savings strategy. She details her $1.2M retirement fund and two homes, revealing a heavy cash allocation. Jill evaluates her financial security, emphasizing the stability provided by Linda's conservative approach and pension. They explore estate planning, noting the completion of essential documents, including a special needs trust. It's a journey of reassurance and tailored advice for a hopeful financial future.
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Burned By 2008 Losses
- Linda and her husband lost money in 2008 after moving to aggressive funds and not sticking with the advisor's advice.
- Since then they've parked savings in conservative accounts and now fear insufficient growth.
Choose A Joint Survivor Pension
- Consider choosing a joint-survivor pension option to protect the lower-earning spouse.
- Combine that pension with Social Security and conservative savings to secure steady retirement income.
Use Laddered Safe Investments
- Keep some cash and short-duration assets if you dislike volatility and need liquidity.
- Use laddered CDs or government bond ladders to earn yield without big risk.