Jill on Money with Jill Schlesinger Should I Be Making Financial Tweaks?
7 snips
Dec 31, 2025 Mary, a 64-year-old from Connecticut, calls in with her retirement planning questions. She grapples with whether to adjust her financial strategy as she approaches retirement. Jill encourages her to consider Roth contributions for tax diversification and suggests a mix of assets to enhance flexibility. They discuss the importance of having a durable power of attorney and the benefits of rebalancing her investments. Listeners will find Mary’s insights relatable and Jill's advice practical for their own financial journeys.
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Shift Some Contributions To Roth And Brokerage
- Try splitting new contributions between Roth and taxable brokerage to create flexible, tax-free buckets for retirement.
- Allocate about 10% to the Roth 401(k) and put surplus cash into a brokerage account for liquidity and tax diversification.
Snapshot Of Mary's Balances
- Mary holds $768,000 in a traditional IRA from an old job and divorce lump-sum choices.
- She also has $280,000 in a 401(k), $60,000 savings, $51,000 HSA, and small Roth and brokerage balances.
Guaranteed Income Creates A Retirement Floor
- Combining pensions and Social Security creates a stable income floor that reduces withdrawal pressure.
- That guaranteed income lets you focus taxable savings on covering the remaining lifestyle gap.