Jill on Money with Jill Schlesinger
Can I Retire in Three Years?
Dec 21, 2024
Listen in as the hosts tackle the complexities of retirement planning, particularly for those nearing the finish line. They delve into strategies for managing personal assets, like Roth IRAs and brokerage accounts, while weighing the benefits of self-management versus hiring a financial advisor. The conversation shifts to financial dynamics after a big move, including lower living costs and budgeting for renovations. Expect insightful discussions about Social Security, pensions, and critical calculations for achieving sustainable financial health.
14:02
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Quick takeaways
- Life insurance serves as a crucial financial safety net for families, ensuring they manage future expenses adequately after a loss.
- Effective financial planning and understanding of retirement assets are essential for a successful transition into retirement without the need for extra work.
Deep dives
The Importance of Life Insurance
Life insurance plays a crucial role in ensuring financial security for loved ones after one's passing. Policies can start as low as $292 per year, providing $1 million in coverage without the need for extensive medical exams. This financial tool offers peace of mind, helping families manage ongoing expenses, pay off mortgages, or fund essential needs like education and retirement. By having adequate life insurance, individuals can secure their family’s future and alleviate worries about their financial well-being.
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