Retired, Now What? | Jill on Money

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The Compound

Күн бұрын

Пікірлер: 29

@estebonix 7 ай бұрын

How about taking soc sec earlier? They’ll burn through so much cash to get to a higher benefit level.

@rossmacintosh5652 7 ай бұрын

If I were him I'd be wanting to sell the income properties as was suggested. Part of my thinking would be we aren't getting younger and don't need the hassle of managing properties in retirement. Eventually there's going to be a tenant or maintenance problem because it comes with being a landlord. Shit happens. Better to be free to travel...

@aaronchang23 7 ай бұрын

Dude, sell your properties to pay for your house! And put leftovers in brokerage. Your mortgage rate is 6%, but you make 4%? Then you won't need 110k a year to live. You CAN be comfortably retired.

@rossmacintosh5652 7 ай бұрын

It would be nice if Jill or Mark would respond to the comment section. I'd like to hear what they think about Aaron's suggestion. Unfortunately by their never responding it seems they never read the comments. At least it is likely the caller will review the comments.

@NicolaiTesla 7 ай бұрын

If the $120K is genuine, what’s he doing every year to need that much?

@ronschultz1977 7 ай бұрын

I thought he said they were paid off. Why are they ignoring that his $1M of property is probably escalating 5% per year.

@rossmacintosh5652 7 ай бұрын

@@ronschultz1977 The rental properties were paid off but his primary residence had a relatively big mortgage (for retirement) with a 6% interest rate. It seems a big chunk of his retirement income requirements relate to that mortgage. Pay it off and the required retirement income would be more modest & sustainable.

@melissajones7655 6 ай бұрын

@@NicolaiTeslathat’s how much people spend in retirement and before retirement

@piersteber 6 ай бұрын

I have always liked Jill but even more so now😊

@oceansunsetak 5 ай бұрын

After retirement, sold income generators that had maintenance and renters. What a relief.

@drmitofit2673 4 ай бұрын

The 67 year old wife should start collecting Social Security now.

@DougASAP 7 ай бұрын

Dump the short term rental before you create more depreciation recapture.

@ronschultz1977 7 ай бұрын

What about the growth rate of the real estate. Why is that being ignored?

@Josh-zw1ui 7 ай бұрын

It’s a funny world we live in. If you change what was said at 4:06 to ‘it relied on my husband, he was the brains of the operation’ and and the some responded with, ‘as usually is the case’.. imagine the uproar. I really don’t get it.

@jmonty1738 7 ай бұрын

@Jill on Money Great advice given.

@bluesky2145 7 ай бұрын

Tell me what my cost for long-term health care will be at a high quality facility and I'll start spending.

@calista1280 7 ай бұрын

Figure about $8,000 -$10,000 a month for long-term care in a really nice facility...

@johnhkent2796 6 ай бұрын

Yeah what do I do. I’m going to retire in September 2024

@glinarien 7 ай бұрын

Should be looking at Roth conversion plan, especially with tax rates slated to return to higher levels after `25.

@jimgeneva2464 6 ай бұрын

Jill mislead us with the title. Maybe “side hustle for a few more years… “ I hear that which does not seem like a retirement to me.

@AnimeWill 7 ай бұрын

Bro sell all those properties and put it in SCHD or raise the rent by 50% right away and 2-3% every year after that

@calista1280 7 ай бұрын

Youch! 😮 Way to hurt the little guy renters with a hike like that! You're more likely to have an empty rental by pulling a stunt like that! Not cool at all, that's nasty...