Jill on Money with Jill Schlesinger Retirement in Three Months?
7 snips
Apr 1, 2026 They run retirement numbers for people wondering if they can stop working soon and stress the hidden costs like healthcare and spending clarity. They discuss safe withdrawal rates and timing work for Medicare. They cover inheritance planning and tax traps with annuities. They offer practical tips on what paperwork to keep, where to park large cash balances, and why credit scores can dip after paying off a mortgage.
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Use A Safer Withdrawal Rate Than 4%–5%
- Consider a withdrawal rate lower than 4% to preserve longevity of savings.
- Jill recommends 3.5%–4% instead of 4%–5% and suggests the wife work longer to reach Medicare and boost the safety margin.
Don't Take Annuity Advice Straight From The Insurer
- Beware insurance-company advice when you're an annuity beneficiary.
- Jill warns insurers may try to sell products and reminds beneficiaries annuity payouts are taxed as ordinary income in the recipient's bracket.
Use A Fee Only CFP For Inheritance Decisions
- Hire a fee-only Certified Financial Planner for one-off estate and investment guidance.
- Jill suggests a flat-fee CFP to sort the inheritance distribution and set up individualized plans for each heir in different jurisdictions.