Jill on Money with Jill Schlesinger Can I Buy That Dream Retirement Home?
14 snips
Jun 11, 2025 The discussion kicks off with practical tips on setting financial goals and earning cash back through savvy credit card use. A listener's journey towards buying her dream retirement home unveils insights into her financial readiness amidst rising housing prices. The podcast also delves into the investment strategies of a young adult, tackling job market challenges and savings options. Listeners learn about the importance of customizing cash flow strategies and exploring retirement decisions, including transitions from traditional 401ks to Roth IRAs.
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Buy Dream Home if Affordable
- Sarah can afford her dream retirement home without compromising retirement savings.
- Buying now avoids potential price increases and offers flexibility to sell or rent if needed.
Prioritize Roth 401k Contributions
- Stop contributing to a traditional 401k if a Roth 401k is available.
- Use index funds like SCHD and maintain a high-yield savings account despite taxed interest.
Consult Fiduciary on Reverse Mortgages
- Reverse mortgages can be useful but require careful review.
- Always consult a fiduciary planner to understand their complexities before proceeding.