Jill on Money with Jill Schlesinger I’m 67, Am I Ok to Retire?
12 snips
Oct 17, 2025 A listener named Sally, at 67, worries if her savings can support retirement. She shares her income strategy, including a pension and Social Security estimates. With monthly expenses around $3,600, Jill provides advice on delaying Social Security to maximize benefits. They discuss reducing risk from concentrated company stock and emphasize the importance of estate planning. The conversation concludes with Jill reassuring Sally that she is well-prepared for retirement and suggesting part-time work options to bridge the gap.
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Listener’s Retirement Doubt Despite Positive Forecast
- Sally shared retirement fears despite forecasts showing a cushion.
- She described the common gremlin of doubt about having enough money to retire.
Housing Costs Drive Retirement Sustainability
- Low monthly spending and below-market rent significantly reduce retirement needs.
- Housing cost stability is a key variable to monitor in retirement planning.
Delay Social Security, Use Retirement Accounts First
- Delay claiming Social Security until age 70 to maximize lifetime guaranteed income.
- Use withdrawals from your traditional 401(k)/IRA to live on until then to manage taxes and RMDs later.