Jill on Money with Jill Schlesinger Is It Time for Us to Get a CFP?
14 snips
Oct 14, 2025 Explore the emotional journey of transitioning from managing personal finances to hiring a Certified Financial Planner. Gain insights into balancing home equity, retirement accounts, and upcoming major expenses, including a hefty wedding contribution. Learn about strategies for maximizing Social Security benefits and managing taxable vs. pre-tax accounts. Discover the emotional relief and peace of mind that can come from delegating financial decisions. Plus, key questions to ask your financial advisor to ensure a solid retirement plan.
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Ask Advisor For Failure Scenarios
- Do run detailed retirement scenarios with a CFP before stopping work so you understand withdrawal sequencing and tax impacts.
- Ask the advisor to show the plan’s failure modes and what blows it up so you can decide acceptable risks.
Chris’s Pseudo Retirement And Financial Snapshot
- Chris had gone into a pseudo-retirement, returned to work because of friends, and now feels bored and ready to stop again.
- He and his wife have about $2.8M in accounts, a paid-off $1.3M house, and a small Roth and brokerage balance.
Delay Social Security To Reduce Portfolio Strain
- Recognize that delaying Social Security to 70 materially raises guaranteed income and reduces portfolio pressure.
- Plan withdrawals to preserve taxable and Roth balances while you maximize guaranteed benefits.