Jill on Money with Jill Schlesinger Major Move Before Retirement
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Nov 24, 2025 Listener Vicki shares her adventurous cross-country move and the financial worries that come with it. She’s at a crossroads, wondering if her recent relocation could jeopardize her retirement plans. Jill dives into Vicki's house sale options, investment balances, and the risks linked to healthcare costs. They discuss balancing lifestyle with financial stability, recommending a cautious approach: sell, rent, and reassess. The conversation highlights the importance of thorough planning, especially as Vicki considers returning to the Southeast.
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Move To Help Family Then They Leave
- Vicki moved across the country to be near family and then the family moved back.
- She and her husband now face whether to stay 2,500 miles away or move closer to relatives as they age.
Confirm Home Equity Before Deciding
- Jill asks whether they bought a house or rented and confirms they bought a home for $825k with no mortgage.
- She highlights that selling the house creates the core financial decision for their retirement plan.
Pre-Tax Heavy Nest Egg
- The couple's retirement assets are concentrated in pre-tax accounts: $1.2M and $500k.
- They also hold $96k in brokerage CDs earmarked for a move, limiting flexible liquid assets.