Jill on Money with Jill Schlesinger 10 Years Until Retirement, Can I Do It?
8 snips
Mar 31, 2026 Kay, a 55-year-old marketing professional planning retirement at 65 while supporting an aging parent. They cover her income, savings, IRA and Roth balances, mortgage with a low rate, Social Security timing, and realistic projections. Conversation also explores lifestyle choices, side income options like thrifting and reselling, and care considerations for her 92-year-old mother.
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Keep Steady Retirement Contributions
- Keep contributing to workplace retirement and Roth accounts consistently over the next 10 years.
- Kay adds 4% at work, contributes $550/month to a Roth, and plans to keep saving about $7,200 plus employer match annually.
Balanced Mix Of Traditional Rollover And Roth
- Kay holds a mix of retirement savings across accounts including a traditional rollover IRA and a Roth.
- She has $220,000 in a Vanguard traditional rollover and $115,000 in a Roth IRA and contributes monthly to the Roth.
Paid For Child College With 529 And Prepaid Plan
- Kay funded her daughter's education using both a 529 plan and a prepaid college fund.
- Her daughter is on track for dental training and the prepaid plan means college costs are covered.