Jennifer (caller/guest)

Jennifer, a 62-year-old nurse with three decades of experience, shares her struggles with burnout and desire to retire soon. She discusses her pension options and the complexities of her financial assets, including brokerage accounts and a 403(b). The conversation delves into her monthly expenses, caregiving for her mother, and how these factors impact her retirement plans. Together with Jill, they explore various options, such as working fewer hours or delaying retirement while emphasizing the importance of planning for health insurance and estate documents.

Jennifer, a former high earner, took a planned year off work, creating an opportunity for strategic financial planning. She explores whether her unique low-income year allows for a Roth conversion to minimize taxes. Jill advises her to roll over her 457 account to Vanguard and consolidate her investments while discussing ongoing conversion strategies. They also touch on charity planning and ensuring her estate documents are updated, all while navigating the complexities of retirement planning in this transition year.