Jill on Money with Jill Schlesinger Refinancing an ARM
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Oct 8, 2025 Discover the pros and cons of refinancing your adjustable rate mortgage before it resets. Hear expert tips on when to lock in rates and how to monitor the market effectively. Jill dives into complex financial topics like life insurance versus 529 plans for college savings, and explains RMDs for those working past 72. Plus, she offers insights into choosing the right mortgage term and managing cash needs during a home sale. Get ready for a mix of practical advice and clear financial guidance!
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Rebalancing Beats Timing The Market
- Market timing rarely works and can harm long-term goals.
- Rebalancing regularly protects diversified portfolios during downturns.
Stick To Your Allocation
- Rebalance to your target allocation instead of market-timing your gains.
- Use cash or bonds only to restore your intended risk mix when needed.
Check Costs Before Canceling Policies
- Don’t surrender life insurance before checking costs and tax consequences.
- Contact the show for specifics and evaluate alternatives like 529 plans.