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Ready For Retirement

5 Reasons You Should Retire Now

Ready For Retirement

James Conole, CFP®

Investment Planning, Bonds, Education, Stocks, Cash, Business, Dividend Investing, Retirement Planning, Retirement, Investing, Tax Planning

5706 Ratings

🗓️ 11 April 2023

⏱️ 18 minutes

🧾️ Download transcript

Summary

In this episode of Ready for Retirement, James discusses how to protect your most important financial assets. Questions Answered: How should you think about protecting your most important financial assets?Understanding how to protect what's most important (your TIME)How can your overall retirement strategy be improved?Timestamps: 00:00 - Introduction 2:13 - Downsides To Continuing Work 4:25 - Savings/Bonuses 6:55 - Financial/Personal 8:50 - Wages 12:03 - Financially Ready 14:58 - ...

Transcript

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0:00.0

There may come a time in your life where you should probably retire. And for some of you,

0:04.1

that time may even be right now. So whether that time is today or that time is yet to come,

0:09.7

today we're going to be talking about five reasons that you should consider retiring.

0:13.2

This is another episode of Ready for Retirement. I'm your host, James Connell, and I'm here to

0:17.5

teach you how to get the most of the life with your money. And now on to the episode.

0:21.9

So today's episode is going to be talking about retirement and how do you know it's time to

0:25.9

retire. Now before we jump in, I want you to know, I want to make sure that you don't think

0:31.8

I'm anti-work. I want to get that out of the way right now. I love work. I know a lot of people who love work.

0:38.4

And work doesn't even seem like a burden.

0:39.9

Work seems more like something that you get to do.

0:42.5

It's a creative outlet.

0:43.7

It's something that's really enjoyable and adds to your quality of life.

0:46.7

Me personally, I have several more years to go.

0:48.7

But a traditional retirement, it's not even something I'm really attracted to because I have

0:53.4

something that I love doing. However,

0:55.9

I know not everyone is so fortunate. I know most people, or a lot of people at least, don't wake up

1:00.6

excited to go to work and do what they do for a living. So there is a lot of nuance to this conversation.

1:05.9

This should not be taken as a blanket statement that everyone should retire by specific aid and go hit

1:10.4

the golf course

1:11.0

and start traveling. That's not at all what I want this to imply. However, we all do hit a time,

1:16.6

or most of us at least at a time, where it starts to cost us more to keep working than it does

1:20.5

to retire. So how do you know when that time might be? Well, on today's episode, I'm going to share

...

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