Jill on Money with Jill Schlesinger

Discover the challenges business owners face in managing finances and the benefits of flexible financial solutions. Explore strategic approaches to retirement withdrawals from 401(k) accounts and the tax implications of required minimum distributions. Dive into the complexities of pension and social security decisions, emphasizing the importance of savings and spending strategies. Learn how proactive planning can enhance financial stability and understand the nuances of managing assets and taxes—all crucial for a secure retirement.

At 57, navigating retirement can be daunting. The conversation dives into essential financial strategies and account management tailored for those nearing retirement. Listeners learn about managing low living expenses and optimizing Social Security benefits. Effective transition strategies like phased withdrawals and part-time work are discussed to ease emotional shifts. Plus, tips on managing a 401k and improving financial transparency with spouses provide valuable insights for achieving financial independence.

Listen in as the hosts tackle the complexities of retirement planning, particularly for those nearing the finish line. They delve into strategies for managing personal assets, like Roth IRAs and brokerage accounts, while weighing the benefits of self-management versus hiring a financial advisor. The conversation shifts to financial dynamics after a big move, including lower living costs and budgeting for renovations. Expect insightful discussions about Social Security, pensions, and critical calculations for achieving sustainable financial health.

A homeowner grapples with the $75,000 question of whether to renovate their kitchen, weighing the financial implications. Experts emphasize aligning the renovation with long-term goals and judicious spending. They also discuss retirement planning challenges, investment fees, and the importance of sound financial decisions. The conversation wraps up with insights on balancing investments, highlighting the benefits of funds like the Vanguard Wellington. Listeners are encouraged to engage and explore more financial strategies.

Is retiring in 2025 or 2026 a possibility? Discover tax-friendly relocation options to ease burdens and get ready for retirement. Explore financial strategies for early retirement, focusing on optimizing your 401k and IRA. Dive into the nitty-gritty of retirement planning, including pensions and Social Security strategies. Learn the importance of healthcare directives and wills, especially for unmarried partners, to navigate potential challenges in retirement. Get tips on organizing finances for a smooth transition.

A couple grapples with their son's overwhelming $96,000 student loan at a staggering 10% interest rate. They explore financial strategies to navigate high debt while supporting his education out of state. Following a job loss, they reconsider their retirement plans amidst rising expenses. The complexities of funding education and equitably supporting siblings surface, alongside discussions on refinancing options. The importance of family support and smart budgeting shines through as they aim for long-term financial stability.

Discover the anxiety of saving for retirement and the uncertainty of having enough money. Delve into the intricacies of timing your retirement and optimizing Social Security benefits. Explore the financial challenges faced by city dwellers, as well as smart budgeting tips. Unpack a listener's financial situation before retirement, weighing spending against saving for future adventures. Finally, gain insights on navigating financial worries during the holiday season while still enjoying travel on a budget.

Discover essential tips for handling a sudden inheritance, particularly regarding inherited IRAs and tax implications. The discussion focuses on the balance between enjoying newfound wealth and the need for prudent planning. Learn about managing assets over short timeframes and the benefits of professional guidance. In addition, the importance of charitable contributions to honor loved ones is highlighted. Plus, find out how life insurance can provide security during the holiday season.

This weekend we're joined by Marg Franklin, CEO and President of the CFA Institute. Marg joined us to discuss a plethora of topics, including the future of wealth management and how to attract and retain the next generation of financial advisors.Have a money question? Email us hereSubscribe to Jill on Money LIVEYouTube: @jillonmoneyInstagram: @jillonmoneyTwitter: @jillonmoney"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com. To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices

Marg Franklin, CEO and President of the CFA Institute, joins to discuss the evolving landscape of wealth management. She highlights the importance of professional designations and ethics in financial advising. The conversation dives into the challenges of attracting new advisors and the factors driving a major wealth transfer. Marg also emphasizes the critical fiduciary duties that advisors must uphold, ensuring clients receive trustworthy guidance in a complex financial world. This insightful dialogue sheds light on the future of financial services and professional development.