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. Shari emphasizes the importance of discussing these feelings openly and honestly and shares how having realistic expectations and a trusted advisor can lead to more informed decisions about when and how to retire.
Here are some key takeaways from this episode:
- For those who are financially secure but lack confidence in their retirement plans, having a well-defined strategy and plan can provide a sense of assurance.
- For those who wish to retire sooner but lack the financial means, it’s important to address the issue rather than avoiding it and seek professional help early on.
- Retirement planning is not one-size-fits-all. Having a personalized retirement income plan that considers various income sources, such as Social Security and pensions, is crucial for ensuring financial security during retirement.
- Financial education is valuable, but having access to a professional who can provide tailored guidance and answer specific questions can help alleviate fears and uncertainties about retirement.
If you’re ready to start putting off your financial planning, we make it easy to set up a time to meet and have that first appointment. Visit our online calendar here to begin.
