If You Meet These 5 Milestones You Might Be Ready to Retire

Our 2 Cents – Episode #039

If You Meet These 5 Milestones You Might Be Ready to Retire

There’s a formula for everything, even knowing when you’re ready to retire. Here are five questions to ask yourself before you retire: Are you confident in your budget? Can you control your spending? Do you have a solid emergency fund? Have you paid off all of your debts? Do you have “enough” to retire?

Setting your retirement date can be exciting, but being prepared for retirement is even MORE exciting so you can have peace of mind. Having the roadmap is the key to the worry-free retirement you’ve worked your whole life for.

Here’s what was covered in this episode:

  • How to know when the right time to retire is?
  • 25% of Americans are dipping into their retirement accounts due to setbacks from COVID-19
  • Jason from Wheeling: “I have a variable annuity and I just found that the fees are very high. I’d like to move the money somewhere else, but I’d have to pay a penalty to take it out. Is it worth the penalty to get away from the high fees?”
  • Samantha from Northbrook: “We want to travel to all seven continents when we retire. Do we need more income in retirement that we have right now?”
  • Jason from Northbrook: “When should I take less risk with my investments?”

Tune in now to join us for this discussion!

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