In Our 60s and Considering Retirement

Summary

Podcast Summary: Jill on Money with Jill Schlesinger

Episode Title: In Our 60s and Considering Retirement
Date: June 4, 2026
Host: Jill Schlesinger, CFP®
Guest: Audrey (Listener Call-In from North Carolina)

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Episode Overview

In this episode, Jill Schlesinger responds to a listener, Audrey, who calls in for guidance as she and her husband, both in their 60s, weigh the decision to retire. Audrey is experiencing burnout from her demanding job and wants to know if—and how—retirement can work financially, especially with health issues and complicated financial products in the mix. Jill provides a clear-eyed review of Audrey’s assets, walks through distribution strategies, and offers insight on pensions, Social Security, and annuity management. The episode provides practical retirement planning advice for listeners approaching or considering retirement, especially couples with blended families and modest pensions.

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Key Discussion Points and Insights

1. Burnout and the Desire to Retire

Timestamps: [05:21]–[06:59]

• Audrey, age 60, describes total burnout from her job, which now demands work equivalent to one-and-a-half people.
  • "It's just awful. I have no work life balance." – Audrey [05:50]
• Her 65-year-old husband is also ready to retire, currently working a contract job after job loss made finding new employment difficult.
• Jill notes the wider trend:
  • "You're like the voice of a generation... It feels like now, six years after the pandemic, this is the moment." – Jill [05:26]

2. Financial Landscape and Net Worth Breakdown

Timestamps: [07:14]–[10:23]

• Audrey shared a detailed account of their finances, with Jill confirming and clarifying amounts:
  • Cash and CDs: $120,000
  • Work Roth: $134,000
  • Brokerage: $51,000
  • Traditional IRA: $1,650,000 (rounded up by Jill)
  • Roth IRA: $223,000
  • HSA: $23,000
  • Employee Stock/RSUs: $40,000 (vested)
  • Two Annuities:
    • Non-qualified indexed annuity: $231,000
    • Inherited IRA indexed annuity: $105,000
  • Home: $500,000 value, $102,000 mortgage at 2.875% (just $1,800 monthly payment)
• No other real estate owned.
• Pension: Only $430/month.

3. Annuities (“Stupid Annuities”) and How to Handle Them

Timestamps: [08:19]–[09:44], [14:07]–[16:49]

• Audrey describes her two annuities as “stupid” and “awful,” sparking a notable exchange:
  • "I have two stupid annuities. They're awful." – Audrey [08:19]
  • "That's so good, Mark. Just clip that for me. I have two awful annuities." – Jill [08:28]
• Jill: The non-qualified has $231,000, and since it’s after-tax money, gains are taxed as ordinary income, not capital gains.
• Both annuities mature in September (after 12 years).
• Inherited IRA annuity is $105,000 and can be rolled over to Vanguard as another inherited IRA.

4. Social Security and Pension Planning

Timestamps: [10:20]–[11:51]

• Husband wants to claim Social Security now, in part due to poor health.
  • His benefit: $2,273/month
  • Jill notes, “That’s a huge issue,” regarding his health and taking benefits soon [10:59].
• Audrey’s expected Social Security:
  • At 67: $3,624/month
  • At 70: $4,572/month
• Audrey’s pension is small ($430/month). Jill jokes:
  • "I'm going to call that your beverage allowance... you can have a lot of coffee and a lot of booze for 430." – Jill [10:37]

5. Retirement Spending and Health Insurance

Timestamps: [11:42]–[12:28]

• Planned monthly spend: $11,000—including health insurance (Cobra for 18 months, then marketplace), travel, and other extras.
• All four children from their blended family are financially independent.

6. Retirement Timing and Tax Strategies

Timestamps: [13:15]–[17:46]

• Audrey is thinking about retiring in September to coincide with annuity maturity. Jill agrees:
  • "You're thinking what I'm thinking maybe like when those annuities are ready to be annuitized." – Jill [13:28]
• Jill suggests not taking the full annuity lump sum in one year to avoid a huge tax hit, but rather spreading withdrawals between years if possible.
• Taxes:
  • Non-qualified annuity: Only $70,000 of gains is taxable (premium was $161,000).
  • Combined taxable withdrawals (annuities): About $175,000.

7. Withdrawal Order & Income Bridging

Timestamps: [17:54]–[19:31]

• Use annuity withdrawals for the first year or so, then draw down from traditional retirement assets.
• Husband’s Social Security starts first (due to poor health), with Audrey’s following as appropriate.
• Jill cautions that a significant health event could increase costs and require shifting priorities.

8. Estate Planning and Next Steps

Timestamps: [19:33]–[21:06]

• Wills, health care proxies, and powers of attorney are complete.
• Jill reassures and checks Audrey’s readiness for retirement.

9. Part-Time Work as a Safety Valve

Timestamps: [19:48]–[20:26]

• Audrey expresses interest in part-time work to keep mentally active and supplement income.
  • "I don't want to not work. I think my brain would turn to mush." – Audrey [19:51]
• Jill: Even a couple thousand extra per month would make a significant difference and ease financial stress.

10. Financial Advice and Portfolio Management

Timestamps: [20:26]–[21:05]

• Vanguard advisor manages assets. Jill advises leveraging them to review the annuity and related tax implications.
• Recommends rolling the inherited IRA annuity into Vanguard, with documentation.

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Notable Quotes & Memorable Moments

• "I have two stupid annuities. They're awful." – Audrey [08:19]
• "You're like the voice of a generation. Meaning I cannot tell you how many people are coming on the program right now... this is the moment." – Jill [05:26]
• "It's just awful. I'm expected to do the work of maybe one and a half people, and it's just... too much. No work life balance." – Audrey [05:50]
• "That’s so good, Mark. Just clip that for me. I have two awful annuities." – Jill [08:28]
• "I'm going to call that your beverage allowance... you can have a lot of coffee and you can have a lot of booze for 430." – Jill [10:37]
• "Are you feeling okay? Are you really? Are you ready to do this? That's what I want to know." – Jill [19:43]
• "I don't want to not work. I think my brain would turn to mush." – Audrey [19:51]

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Important Segment Timestamps

• [05:17] – Audrey describes burnout and introduces her situation.
• [07:14] – Detailed breakdown of combined family assets.
• [08:19] – “Stupid annuities” discussion and strategy.
• [10:03] – Home value and mortgage details.
• [10:37] – Pension amount and Jill’s quip.
• [11:06] – Social Security strategy for husband with health considerations.
• [12:08] – $11,000 per month spending budget.
• [13:26] – Retirement timing and synchronizing with annuity maturities.
• [14:41] – Tax strategies for annuity withdrawals.
• [17:54] – Withdrawal sequence and income bridge discussed.
• [19:48] – Audrey shares intention to work part-time.
• [20:46] – Jill recommends coordinating with Vanguard advisor.

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Summary & Takeaways

• Burnout and post-pandemic fatigue are pushing many into earlier retirement or career shifts.
• Detailed asset review and withdrawal planning are essential, especially with annuities and taxable accounts.
• Tax timing matters: spread withdrawals to avoid unnecessary tax spikes.
• Social Security decisions should consider health and family needs.
• Part-time work can add financial and emotional insurance to the retirement transition.
• Financial advisors and solid estate planning documents provide peace of mind.

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Closing Advice

Jill’s practical tone and supportive manner provide reassurance:
"Audrey, you're in very good shape. You guys have done a lovely, lovely job managing this. And if you need anything else, just give us a jingle. How's that?" [21:59]

Actionable wisdom: Retirement decisions should sync with financial product maturities, tax brackets, health, and life goals. A trusted advisor can add value by checking details and paperwork.

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For listeners facing similar crossroads, reach out to Jill’s team via jillonmoney.com for personalized advice. And remember, even in transitions, a flexible approach and a willingness to adapt—like considering part-time work—can make all the difference.

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"Change your work, change your wealth, change your life." – Jill Schlesinger [22:56]

Transcript

[Jill Schlesinger]

You know, I always say to make smart financial decisions.

[Commercial Voice]

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[Jill Schlesinger]

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[Jill Schlesinger]

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[Jill Schlesinger]

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[Commercial Voice]

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[Jill Schlesinger]

Cars4Kids has been doing this for over 30 years and has accepted more than a million vehicle donations. So if you've got a car you're not using, turn it into something meaningful. Go to carsforkids.org Jill that's cars with a K. And fair warning. Now that jingle's going to be stuck in your head for the rest of the day. Hey gang.

[Commercial Voice]

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[Jill Schlesinger]

Welcome to the Jill on Money Show. It's the Thursday, June 4th, and we are Here answering your financial questions. And it could be anything that's on your mind financially. So it could be something about retirement, it might be about switching jobs, it might be, what are you doing with your bust out kid who just moved home after graduating from college? I mean, I didn't mean bust out, I just mean dealing with that. It could be dealing with your aging parents, which I just think is, you know, because I have an aging mother, it becomes a very big topic of conversation among me and my friends. And, and so whatever it is that's going on in your financial life, I really would love it if you could get in touch with us because we're here to help you out. We're just gonna meet you wherever you are. We don't need to go back into the past. We just wanna know where you are today. Go to our website, jillonmoney.com. click the Contact Us button, write us a note if you wanna join us live. Check the box, Mark. We'll do everything else. And while you're on the website, check out all of the great content that lives there. And, and don't forget to subscribe to our new show. It's called Money Moves. And thank you, all of you who have told us that there are other programs named Money Moves. I didn't name the show, but all that being said, there's nothing called Money Moves with Jill Schlesinger, I'll tell you that much. How about that, Mark? Is that the distinguishing characteristic of like 25 shows with the same name?

[Mark]

So far? From what I'm seeing, yeah, that would be it.

[Jill Schlesinger]

You know, I told you I went to high school with another woman, girl then named Jill Schlesinger. It was oddly confusing. It was a very bad thing to have two kids named Jill Schlesinger in the same class, but it happened anyway. There's only one Jill Schlesinger who hosts financial stuff and that's me. So go to our website, check out our content. We'd love for you to make sure that you are subscribing to the Money Moves podcast and show. Are you a YouTuber? Everybody is, Mark. Except me. You have YouTube TV, don't you, Mark?

[Mark]

I did a long time ago. And then they dropped Tennis channel and then I dropped them.

[Jill Schlesinger]

Oh, because I'm thinking now of abandoning ship. You know, I abandoned cable, as everyone knows. I told this long, torturous story about how I was practically crying on the phone to like, let me cancel my cable subscription. I'm thinking about doing it in the city. I might be the last person in New York City to cut the cord.

[Mark]

It's possible you're no longer going to save money, but it's just more convenient. But yeah, it costs probably almost as much as cable now.

[Jill Schlesinger]

Well, what else do I mean? I guess so, because I'm going to. Well, maybe not. Because when my employer, Paramount buys Warner Brothers Discovery, I'll have HBO Max. That gets floated into my Paramount app. That'd be kind of cool. Maybe I'll wait for that. And I do get a discount on that, since it is Paramount. All right, let's stop talking about us. Hey, gang. If you have a question Again, Jill, on money.com, click the contact Us button. Let's go talk to Audrey, who joins us from North Carolina. Hi, Audrey. How are you?

[Audrey]

I'm well, thank you.

[Jill Schlesinger]

Tell us what's going on and how we can help you out.

[Audrey]

So I am completely burned out with my current job.

[Jill Schlesinger]

Dude, I want to tell you something. You're like the voice of a generation. Meaning I cannot tell you how many people are coming on the program right now. It feels like Mark. It feels like now, I don't know, six years after the pandemic. This is the moment. How old are you, Audrey?

[Audrey]

I'm 60.

[Jill Schlesinger]

Perfect. I understand it. Burnt out. Why do you think you're burnt out? Do you think that the job changed? Do you think you change? You think the industry changed? What happened?

[Audrey]

It's. For me, it's simply the workload. It's just awful. I'm doing the. I'm expected to do the work of maybe one and a half people, and it's just. It's just too much. I have no work life balance.

[Jill Schlesinger]

Oh, I'm so sorry for you. I just. It's so funny because you know how everybody's saying, like, oh, AI is going to take my job. I don't think that's exactly what's happening right now. I think that in this weird period where employers are like, I don't want to have a big headcount. But people like Audrey, we're just going to pile the work on. She knows how to do the work. We're just going to pile more on. She'll get more productive, and then by the time she's exhausted, we'll have AI to help out. That's my working thesis. But let's get back to you. How are we going to give you a work life balance? Are you thinking about, like, pulling the plug right now?

[Audrey]

Yes.

[Jill Schlesinger]

Okay. Are you married? Single? Partnered?

[Audrey]

Married.

[Jill Schlesinger]

How old is your spouse?

[Audrey]

65.

[Jill Schlesinger]

Working. Still or not?

[Audrey]

Yes, working.

[Jill Schlesinger]

Okay. Plans to keep working or will, like, if you, if you say I'm done, is Spousy going to be like, you're not doing this without me?

[Audrey]

Yes. He wants to throw in the towel as well.

[Jill Schlesinger]

I like that. I like that. Okay, so let's talk about the money you guys have saved and let's figure out how you can. Let's just figure out the way you can do this most efficiently. So tell us about the money you have saved first and then we'll go into spouse.

[Audrey]

Well, I have it all together. Is that okay?

[Jill Schlesinger]

All right, sure. Perfect. Give it to us.

[Audrey]

So for cash and CDs, we have 120,000.

[Jill Schlesinger]

Okay.

[Audrey]

Work. Roth is 134,000. Okay, we have a brokerage with 51,000.

[Jill Schlesinger]

Okay.

[Audrey]

Traditional IRA, 1,648,000.

[Jill Schlesinger]

Can I, can I just give you a 1,000,650? I'm going to give you two rounds. Let's round up. Okay. It's a bull market. I'm rounding up. What's next?

[Audrey]

Roth IRA for 223,000. Okay, I have an HSA with 23,000. I have some ESPP and RSUs.

[Jill Schlesinger]

That's what happens. Wait a second. What happens if you quit tomorrow? What happens to those? What's the value?

[Audrey]

Well, those, those are vested fully.

[Jill Schlesinger]

Oh, okay, so RSU is vested. What is it?

[Audrey]

40,000.

[Jill Schlesinger]

And employee stock purchase?

[Audrey]

Well, I have it all together.

[Jill Schlesinger]

Okay, so that's the four or 40s total.

[Audrey]

Total, yes.

[Jill Schlesinger]

Okay, gotcha. Okay. Is that it for those, you know, investment stuff?

[Audrey]

Well, yeah, but I have to. I have a question about. I have two stupid annuities. They're awful.

[Jill Schlesinger]

That's so good, Mark. Just clip that for me. I have two awful annuities. Okay, let's do stupid annuity number one.

[Audrey]

Number one is a non qualified indexed annuity.

[Jill Schlesinger]

Uh huh. How much is in there?

[Audrey]

The accumulation value as of September of 2025 is $231,000.

[Jill Schlesinger]

Okay, so everyone listening. Non qualified. Not a retirement plan. After tax dollar went in, the money that went in, whatever it's grown to beyond what you put into the contract. If you just blow out of the contract, essentially is taxable income, it's not capital gain. So that's just an important thing for everyone to know. Okay, so when did you buy stupid annuity number one?

[Audrey]

So they're 12 year annuities.

[Jill Schlesinger]

12 years.

[Audrey]

And they're up this coming September.

[Jill Schlesinger]

I love your timing. Okay, great. Okay, now let's go to stupid annuity number two.

[Audrey]

Number two is an inherited IRA indexed annuity.

[Jill Schlesinger]

Oh, God. Yeah, I. You know that this was. Someone crammed this down your throat.

[Audrey]

Okay.

[Jill Schlesinger]

How much is in there?

[Audrey]

105,000.

[Jill Schlesinger]

Okay, so this is from 11 and a half years ago, I presume?

[Audrey]

Yes.

[Jill Schlesinger]

Okay. We're going to get out of them anyway, so that's perfect. Fantastic. Okay, anything else in the balance sheet here? Anything else, like stuff you own? We'll get to the house in a second, but just. Okay, so how about your house?

[Audrey]

So our house is valued about $500,000.

[Jill Schlesinger]

Mortgage.

[Audrey]

Mortgage is $1800 a month.

[Jill Schlesinger]

What's outstanding? What remains on that mortgage, do you think?

[Audrey]

102,000.

[Jill Schlesinger]

Interest rate?

[Audrey]

2.875.

[Jill Schlesinger]

Stop it. Any other real estate besides the primary?

[Audrey]

No.

[Jill Schlesinger]

Okay. Do you want to stay in this home?

[Audrey]

Yes.

[Jill Schlesinger]

I mean, everybody's moving to North Carolina when they retire. You're already there, so good job on you. Okay. Any pension income that you might be due, either of you, I will get

[Audrey]

a whole whopping $430 a month.

[Jill Schlesinger]

All right, what should we spend that on? Is that. I'm going to call that your beverage allowance, which is you can have a lot of coffee and you can have a lot of booze for 30. That seems like reasonable. Okay, what about Social Security? What's the game plan?

[Audrey]

So my husband would like to take it now.

[Jill Schlesinger]

How's his health?

[Audrey]

His physical health is not good.

[Jill Schlesinger]

Oh, okay. That. That's a huge issue. Okay, what's his Social Security benefit right now?

[Audrey]

So his Social Security benefit at 65 to 70.

[Jill Schlesinger]

Say that one more time.

[Audrey]

I'm sorry, 2273.

[Jill Schlesinger]

2273. Okay, great. And for you, what about health insurance for you? Like, let's say you quit tomorrow. We have five years before Medicare. Do you have an idea about health insurance?

[Audrey]

Well, what I would do is I would do Cobra for 18 months.

[Jill Schlesinger]

Yeah.

[Audrey]

And then I guess I would have to go out to the marketplace.

[Jill Schlesinger]

Okay. All right. So we're going to deal with that when we talk about how much money you spend.

[Audrey]

Okay? Right.

[Jill Schlesinger]

Okay. So what's your Social Security benefit at what age? Let's do 67. What the heck?

[Audrey]

67 is 3624.

[Jill Schlesinger]

Yes. Yes, my queen. How's your health?

[Audrey]

Good.

[Jill Schlesinger]

All right. What do you happen to have? 70? Just out of curiosity, 70 is 45.

[Audrey]

72.

[Jill Schlesinger]

Ready for your hard question? Get ready, Audrey. Take a deep breath.

[Audrey]

Okay.

[Jill Schlesinger]

How much money do you guys spend?

[Audrey]

So I have a budget and I kind of cushioned in healthcare like cobra, the cost of sure. Insurance. And I put A little extra in for like travel. So I'm going to say 11,000.

[Jill Schlesinger]

11,000amonth. Okay. Seems reasonable. Okay. Do you have grown kids? Any kids?

[Audrey]

We have four grown kids that are launched.

[Jill Schlesinger]

Four kids?

[Audrey]

Well, between us, yeah.

[Jill Schlesinger]

Wow. Oh, second marriage.

[Audrey]

Yes.

[Jill Schlesinger]

Oh, okay. All launched. That's so nice. Congratulations. Thank you. How'd you guys do that? It was kind of lucky, huh?

[Audrey]

I guess we were just. Yeah, probably luck had a lot to do with it.

[Jill Schlesinger]

I would imagine. So right now, how much do each of you earn?

[Audrey]

So my salary is 124,000 and my husband's salary is 52,000. He was laid off from his job quite some time ago. And then being 65, it was very hard. Yeah, it was very hard for him to find, I bet, a job. So he's just. This is just a contract job for him.

[Jill Schlesinger]

Okay. But so what he's working, money's coming in, but you know, he's kind of spent is what it sounds like.

[Audrey]

Right.

[Jill Schlesinger]

Okay. I'm sort of thinking it goes something like this. What's your loyalty to like giving notice and when you want to do this, like really, what. What's your expectation about the year ahead?

[Audrey]

I'm thinking maybe September time frame.

[Jill Schlesinger]

Right. Like you're thinking what I'm thinking maybe like when those annuities are ready to be annuitized.

[Audrey]

Correct.

[Jill Schlesinger]

Uh huh. Great. That's what I'm thinking too.

[Audrey]

Okay.

[Jill Schlesinger]

Okay. The inherited ira, I know that there is no. You don't have to take the money out. I understand that when those annuities are up, these 12 years are up. What you could potentially do is annuitize the stupid annuity number one, which is the non qualified one. You could roll over the inherit because you don't have to take that money out. You. It'll take a little bit out every year, but you could roll it over into a more efficient. That's what I would say.

[Commercial Voice 2]

You could.

[Jill Schlesinger]

I'm not saying you have to, but we know that there's more money in the 231. Right. Because we in the non qualified. So what I would think is that when you say that you're 60, you say we try to annuitize this first one and I think you want to try to get the money out over. I'm just trying to look at your time horizon here. Do we want to get that money out like a little bit at a time till 67 or 70? How do you. I'm trying to figure out which way we're going to lean on this.

[Audrey]

Well, unfortunately I Have these and I don't really know a lot about them, but the fees are so high.

[Jill Schlesinger]

Yeah, but once you annuitize, the whole thing goes like, it's much better. So you'd rather just get out as quickly as possible.

[Audrey]

Yes.

[Jill Schlesinger]

Okay, so if we annuitize both of them, what happens is, you know, there's, there's going to be still taxable income because what's going to happen is the inherited IRA that's all going to be taxed. So we don't want to necessarily, we don't want to pull it out all tomorrow. You want to dribble it out. We really do. So maybe what we try to do is like you would want to get a quote on what it would be to annuitize each of these over a five year period.

[Audrey]

Okay.

[Jill Schlesinger]

All right. And I think that what happens is I'm not 100% sure about this, but I have to look at this contract. It could be that you could essentially say the fees might go down once you start annuitizing. On the other hand, if you just want out, there is also a case to be made where you say, okay, here's what you're going to do. You're going to take, come September, you stop working and we're going to take 50 grand out of the stupid annuity. Number one, the non qualified, just going to take 50 out. Then you're going to wait till the beginning of the calendar year and then you're going to take the whole inherited IRA and just going to take it out and you're going to pay tax on it. Could be $105,000 of taxable income, but you're going to use your, then you're basically saying, all I'm saying to you is that like, I don't know if I want to take the whole tax hit in one calendar year.

[Audrey]

Okay.

[Jill Schlesinger]

And then you can probably, I would you, would you want to find out about the first annuity is what is the tax liability? In other words, if I pulled the whole, if I did 50 grand out. Let's, let's in fact ask them this. What would happen if, if I pulled out the whole $231,000, you know, in December of this year, what's a tax liability? We know what the tax liability for the other one is. It's 105,000, that's all going to be taxable. But we want to use these two chunks of money for you guys to live on for the first couple of years.

[Audrey]

So the initial, the initial premium is 161,000 for the annuity.

[Jill Schlesinger]

161.

[Audrey]

Okay.

[Jill Schlesinger]

So I mean, it just shows you how bad these products are. Meaning that like, you know, because you're not going to have a huge tax liability. So 161,000. So it's 70 grand of taxable. So we have essentially about $175,000 of taxable income between the two annuities. Okay. So if you guys both stopped working at the end of this year, you may basically be able to just like delay it. You can take, don't take all the money out this year. Wait, okay, you can take some money out of the, the first one, but like I said, like 50 grand. Then in the, you know, January 2nd, get all the money out of both of them. Make sure you understand that you're going to have taxable liability, but it's going to be very similar to your current income.

[Audrey]

Right.

[Jill Schlesinger]

Okay. Now you're going to use that money to live on. So this gets us to. When's your birthday?

[Audrey]

October.

[Jill Schlesinger]

October. Okay. So you'll be 61.

[Audrey]

Yes.

[Jill Schlesinger]

Okay. So now we have, you have, we have you set for at least a year basically with that money. Now if you can kind of, you get the money out of the annuities, you live on that. Now you're 62 years old. Now we have to get you from 62 to 67. And then from the, for those five years, you start pulling money out of the traditional assets. Just to be clear, your husband's first, yours second.

[Audrey]

Okay, okay.

[Jill Schlesinger]

Because he's in poor health, we are going to get some assistance because you're going to get a couple grand from his Social Security. So that's going to start coming in. Now what then happens is you'll have his Social Security, your Social Security. And then, you know, once that kicks in at age 70, you're pulling less money out of your traditional account. I guess there's only, the only other thing is that if something comes up like, like a health issue for your husband, there could be a little pressure on you. Meaning, like if you had to dip into a lot of this money because you needed care in your home or something, you know, like, something like that. But I think we can deal. I don't, I don't think you're going to be able to afford long term care insurance. And I don't think it really makes sense at this point to do it. And he has bad health, so it's kind of like that's already done. But I just want you to be aware that if something were to Happen to him, you might not be able to spend $11,000 a month.

[Audrey]

Okay.

[Jill Schlesinger]

Or you're going to spend $11,000AMONTH. But part of that's going to be for care for him.

[Audrey]

Okay?

[Jill Schlesinger]

Fair?

[Audrey]

Fair. Yes. All right.

[Jill Schlesinger]

Um, what else do I need to ask you? How about estate planning? Do you have your wills and your powers of attorney and your health care proxies? Done.

[Audrey]

We have all of that done, yes.

[Jill Schlesinger]

Are you feeling okay? Are you really? Are you ready to do this? That's what I want to know.

[Audrey]

So what I was going to add is I really want to work part time.

[Jill Schlesinger]

You do? That makes this all. That's a no brainer.

[Audrey]

I don't want to not work. I think my brain would turn to mush. So my first thing I would ask my current employer, could I do that? But you know, it's a person and a half job. It's not a. So I don't know what will happen there. But even if that doesn't work out,

[Jill Schlesinger]

you can figure something out. You can hustle a little is what you're saying.

[Audrey]

Yeah. Yeah.

[Jill Schlesinger]

And when you work time, what do you think you would. You could earn like a couple, three grand a month?

[Audrey]

Yeah, maybe. Yeah.

[Jill Schlesinger]

Okay, that helps. If you're willing to work part time, then. That's amazing.

[Audrey]

Yeah.

[Jill Schlesinger]

That'll make it work. And I'll tell you what I do. I would. I kind of. So who sold you these annuities? Some insurance guy? Gal? Yes.

[Audrey]

Yes.

[Jill Schlesinger]

Okay. And the big chunk of money of those traditional assets, is somebody managing that or are you managing it?

[Audrey]

I'm in Vanguard. So we have advised. We have advisor.

[Jill Schlesinger]

Okay. One thing you could do with that advisor is just have them kind of pick apart the annuity and make sure that we're make. We are accounting for all the tax liability. That might be something that's worth. Because you have an advisor there. It's great. Just another set of eyes on this that's looking at the documents so we're not missing anything. Okay.

[Audrey]

Okay. I do have one more question.

[Jill Schlesinger]

Anything.

[Audrey]

The inherited ira, indexed annuity. Could I just roll that into Vanguard?

[Jill Schlesinger]

You can. It would be another inherited ira. They'd open it up for you. You could do that almost immediately and. And it would be, you know, under the same rules, but again, just make sure you have all the original, like here's the date of death certificate so they don't treat it as an inherited IRA that you inherited like last year. Okay, but you can do that. Absolutely.

[Audrey]

So do you recommend that I don't

[Jill Schlesinger]

Know, I sort of feel like you're going to want the money, but, you know, we'll see. But you could do that for sure. It depends. Kind of like, well, you know, if you're. All of a sudden you say, well, I said two or three grand, but I'm, you know, I actually went to my. My company, and they're like, how's five grand a month? You know what I mean? Like, if you don't really need it right now, you can roll it over.

[Audrey]

Okay.

[Jill Schlesinger]

Right. So it's. Some of this depends on, like, what you need.

[Audrey]

Okay.

[Jill Schlesinger]

Audrey, you're in very good shape. You guys have done a lovely, lovely job managing this. And if you need anything else, just give us a jingle. How's that?

[Audrey]

Thank you. I love your show.

[Jill Schlesinger]

You're very sweet. We love you. Thank goodness, Mark. We have the best audience. If you are like, Audrey and her husband, like, I'm tired. I don't know. Like, something's going on out there in the workplace. People are getting piles and piles of work, and they're exhausted. And I hear that. So if that's you or if it's more like you're in the early part of your career and just don't like where things are going and you want to make a different decision going forward, give us a Holler. Go to jillonmoney.com, click the contact us button, write us a note, and if you want to come on the air, check the box. Don't forget to subscribe to. Our free weekly newsletter comes out tomorrow on Fridays. You can subscribe to us on the Odyssey app or wherever you find your favorite podcast. Hey, try to put your hands metaphorically on someone's back. Give someone a boost, would ya? Change your work, change your wealth, change your life. Thanks for listening, and we'll talk to you tomorrow.

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