Retirement: Ready Or Not Here It Comes

Are you nearing “retirement age?” If so, let’s explore that pivotal question you’ll soon face: Should you retire or continue working? We’ll unravel the intricacies of this decision, addressing both financial and emotional aspects, and help you find out if you’re truly ready to retire.

Many individuals approach retirement age with mixed emotions. Some resist the idea of retiring, fearing aging or the unknowns of retirement. Others eagerly anticipate retirement but face financial hurdles. Anthony shares how working with a trusted advisor can lead to more informed decisions about when and how to retire. At the end of this episode, Anthony will answer a listener question about whether or not to take a lump sum pension buyout at work.

Here are some of the highlights you’ll want to listen for:

Starting early to understand your financial situation and retirement goals is essential. Knowing what steps to take to improve your financial position and reduce risks can lead to greater confidence and better outcomes in retirement.
The concept of a fixed retirement age is evolving. Some people prefer to retire early, while others enjoy their work and want to continue working past traditional retirement ages.
People are often surprised by their financial readiness for retirement. Running comprehensive analyses and having open conversations with financial advisors can reveal that retirement might be feasible sooner than expected, even in cases where individuals feel financially unprepared.
Taking the time to understand your financial situation, including pensions, Social Security, investments, and potential scenarios, can boost your confidence in making retirement decisions.

CNBC Article: https://www.cnbc.com/2023/07/24/americans-have-big-number-goals-for-salary-retirement.html