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Jill on Money with Jill Schlesinger
High Mortgage Payoff
Jul 16, 2024
Financial planners discuss early retirement possibilities for a listener with $1.5 million savings. Personal finance dilemmas include investment shifts, Roth IRA contributions, Social Security decisions, converting 529 plans to Roth IRAs, and the considerations of mortgage payoff.
14:55
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Quick takeaways
- Consider balancing liquidity and future plans when deciding on early mortgage payoff.
- Reevaluate contributions, build emergency fund, and ease pressure on investment choices for financial stability.
Deep dives
Financial Independence and Early Retirement Planning
A listener named Carl, at 36 years old, shared his ambition to retire early with a $1.6 million investment portfolio. He detailed his savings strategies and considered pivoting back to his brokerage account for flexibility in his early retirement plan. Carl sought advice on balancing living for today while securing his financial future.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode