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 folks approaching retirement age experience mixed emotions. Some resist retiring, fearing aging or retirement’s unknowns. Others eagerly await retirement but face financial challenges.
In this episode, Scott opens with a fascinating history lesson on the origins of retirement and sheds light on the uncertainties that most modern-day retirees encounter. He emphasizes the importance of having a trusted advisor by your side to make more informed decisions about when and how to retire.
Here’s some of what we discuss in this episode:
- The concept of retirement has evolved significantly over time, from a time when people worked until the end of their short lifespans to the modern idea of retirement with longer life expectancies.
- The three categories of people looking for retirement advice: those seeking confirmation, those who are confused and those who are concerned.
- Retirement planning involves identifying your retirement goals, understanding why those goals matter, and creating an action plan to achieve them.
- For those who may not be financially prepared for retirement, a thorough financial plan can help provide clarity on the current situation, realistic possibilities, and potential adjustments to improve retirement readiness.