Email Us a Question:
Subscribe to Jill on Money LIVE:
LinkedIn:
Instagram:
Twitter:
Facebook:
Jill on Money Podcast Subscription/Reviews:
MoneyWatch Podcast Subscription/Reviews: …(read more)

LEARN MORE ABOUT: IRA Accounts

TRANSFER IRA TO GOLD: Gold IRA Account

TRANSFER IRA TO SILVER: Silver IRA Account

REVEALED: Best Gold Backed IRA

Jill on Money is a popular radio show that offers financial advice and guidance to listeners on a variety of topics. Recently, a listener named Sarah called in to the show to seek guidance on how to manage a recent inheritance she received.

Sarah explained that she had received a substantial sum of money from a relative who had passed away, and she was unsure of how best to use the money. She had always been diligent about saving for retirement, but with this unexpected windfall, she was now faced with a dilemma – should she continue to focus on saving for retirement, or should she use some of the money for more immediate needs and goals?

Jill Schlesinger, the host of Jill on Money, listened carefully to Sarah’s situation and provided her with some valuable advice. She emphasized the importance of balancing both short-term needs and long-term goals when managing a financial windfall. Jill advised Sarah to first assess her current financial situation and determine if there were any immediate needs that should be addressed, such as paying off debts or making necessary home repairs.

Once Sarah had taken care of any pressing financial matters, Jill encouraged her to think about her long-term goals and how the inheritance could help her achieve them. She recommended that Sarah consider setting aside a portion of the money for retirement savings, as it is important to continue building a nest egg for the future. At the same time, Jill also advised Sarah to consider using some of the money to fulfill other goals and dreams, such as traveling or furthering her education.

Ultimately, Jill on Money Radio Show provided Sarah with the guidance and reassurance she needed to make informed decisions about how to use her inheritance. By striking a balance between saving for retirement and addressing short-term needs and goals, Sarah was able to make the most of her financial windfall and secure her financial future.

In conclusion, managing a windfall such as an inheritance can be a daunting task, but with the help of financial experts like Jill Schlesinger, listeners can navigate these situations with confidence and clarity. By carefully considering both retirement savings and short-term needs and goals, individuals can make the most of their unexpected windfalls and set themselves up for a secure financial future.