Jill on Money with Jill Schlesinger Help for Mom and Me
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Nov 18, 2025 Explore valuable insights on pension choices—lump-sum versus monthly benefits! Discover tips on locating a fee-only advisor for personalized guidance. Learn the pros and cons of paying off a rental mortgage early and whether to adjust investments in bond funds. Get advice on caring for an elderly parent while managing downsizing plans. Finally, find out how to effectively utilize 529 plans for current college expenses. Financial clarity has never been more engaging!
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Prefer Lump Sums And Consider Roth Conversions
- Take the pension lump sums if you can invest them and you prefer control over fixed payments.
- Consider Roth conversions using available cash but confirm it fits your spending needs.
How To Find A Fee-Only Financial Advisor
- Find fee-only advisors via NAPFA and local recommendations when you need fiduciary guidance.
- Ask for referrals and check credentials before hiring a planner.
Attack High-Interest Rental Debt
- Pay down a high-rate mortgage on an income property if cashflow allows and owners agree.
- Confirm whether the property owner needs the ongoing cashflow before accelerating payments.