Jill on Money with Jill Schlesinger Trying to Figure Out Our Next Steps
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Aug 20, 2025 Dive into a financial journey as a couple navigates their retirement plans and explores real estate options. They discuss aligning savings with their future aspirations and tackle the complexities of possible relocation. Valuable insights into Roth contributions and flexible job options also emerge, showcasing the need for a balanced approach to financial planning. Plus, the emotional side of money management takes center stage, making it relatable and engaging for listeners.
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Set A Five-Year Retirement Plan
- Plan a five-year retirement target and test its emotional feasibility before quitting work completely.
- Build a concrete game plan to marry feelings with finances so retirement feels doable, not just imagined.
Separate Child Costs From Living Budget
- Track current monthly spending separately from kid expenses to gauge retirement needs.
- Reducing present spending gives clearer visibility into sustainable retirement income targets.
Fully Inventory Your Savings
- Inventory all savings: 401(k)s, IRAs, brokerage, and cash to see the full net worth picture.
- Use precise balances to estimate how much monthly income your nest egg can generate in retirement.