Jill on Money with Jill Schlesinger Can We Retire in Five Years?
11 snips
Oct 30, 2025 JJ, a 52-year-old caller from North Carolina, explores the prospects of retiring in five years with Jill Schlesinger. They dive into family finances, discussing SEP IRA contributions and income from self-employment. Jill advises consolidating 401(k) accounts and outlines a strategic plan for selling their primary home. The conversation also touches on retirement spending needs, tax strategies involving Roth accounts, and the importance of flexibility in planning due to health concerns in the family.
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Keep SEP, Build A Brokerage Cushion
- Do nothing complicated with your SEP IRA if you're near retirement; keep funding it as is.
- Instead, start a taxable brokerage account to build flexible, post-tax savings for early retirement.
Caller’s Financial Snapshot
- JJ and her husband are both 52 with two kids and secured 529s for college expenses.
- She earns about $120,000, he earns about $170,000, and they already own homes outright.
Conservative Growth Still Adds Comfort
- Conservative planning assumes little growth to avoid downside pain near retirement.
- Using modest growth assumptions still shows their combined assets likely support a five-year retirement plan.