MoneyWatch with Jill Schlesinger Investment Strategy Going Forward
6 snips
Mar 8, 2026 Planning finances from age 50 to retirement, including mortgage balances, interest rates, and debt payoff priorities. Discussion of 401(k) strategy, Roth versus traditional tax choices, and contribution sequencing. Forecasting retirement timing, expected expenses, and Social Security planning. Basic estate steps like wills and beneficiary designations are covered.
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Prioritize High Rate Debt And Emergency Cash
- Do prioritize paying off high-rate debt first and build accessible cash reserves concurrently.
- Jill told Jason to focus on eliminating the $19,000 second mortgage at 5.57% while funneling remaining extra cash into savings.
Prefer Roth Contributions At Mid 40s Income
- Do favor Roth contributions now if you expect to stay in similar tax brackets, since you're in primarily the 22% bracket.
- Jill recommended using the Roth option in Jason's 401(k) and continuing strong retirement contributions.
Modest Expenses Make Retirement Achievable
- Insight: Low retirement spending needs plus Social Security projections can make retirement goals more attainable than they feel.
- Jill noted Jason's $3,100 monthly expense and Social Security estimate suggest he's on track to retire by 65.