Jill on Money with Jill Schlesinger Left Government for Private Sector
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Sep 19, 2025 A young couple navigates the transition from government roles to the private sector, discussing the impact on their finances. They explore strategies for maximizing retirement contributions and how to catch up on savings. The couple reflects on their home value, mortgage, and options for relocating. They also contemplate a possible return to public service while weighing long-term plans, including life insurance and estate planning. It's a blend of practical advice and personal finance insights!
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Prosecutor Friend Went To 'The Dark Side'
- Jill told a story about a prosecutor friend who moved from public service to private practice for pay reasons.
- The friend later said she might return to public service once family timing improved.
Higher Pay Lets You Catch Up
- A big recent pay jump can allow younger earners to 'catch up' on retirement savings.
- Starting higher contributions now leverages future earnings growth to close earlier shortfalls.
Max Out Retirement And Use Roth
- Keep maxing out retirement accounts, especially with rising future income.
- Favor Roth contributions now to lock in tax-free growth as your bracket increases.