Jill on Money with Jill Schlesinger Why Not a Roth Conversion?
9 snips
Feb 26, 2026 A rundown of when converting to a Roth may not be the right move. Warnings about commission-driven annuity pitches and better financing options for home renovations. A listener’s retirement readiness and strategies for delaying Social Security. Tips on charitable giving vehicles and fixing a bank error that hurt credit.
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Say No To Commissioned Annuity Sales Pitched As Safety
- Avoid insurance-backed annuities sold with high commissions when they don't match your goals; the sellers can be predatory.
- Jill calls annuities sometimes useful but says Rebecca's recommended annuity is a mismatch and urges her to "run, do not walk."
Avoid Portfolio-Backed Loans For Major Home Renovations
- Be cautious using securities-backed lines of credit to fund renovations because market drops can force sales of your investments.
- Jill advises considering a home equity line or mixed financing instead of an asset-based loan tied to portfolio value.
Wait To Claim Social Security For Higher Payouts
- Delay claiming Social Security to maximize benefits if you can wait, especially when retiring soon.
- Jill tells Terry, age 60, to wait until 70 for higher monthly benefits and to consider retiring later by two years if feasible.