How to Know When You Should Stop Saving for Retirement (and What to Do Next)

Ready For Retirement

James Conole, CFP®

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

5 • 706 Ratings

🗓️ 7 May 2024

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Drew, a burnt-out, financially responsible 40-something father of two, hopes he can scale back from his stressful job and still be okay when it’s time to retire. James offers a practical and philosophical take as he tackles Drew’s question. He demonstrates how to determine when Drew and his wife will be in a good position to fully retire. He also challenges listeners to assess their spending and saving habits and to strike a balance between planning for an unknown future while still finding f...

Transcript

Click on a timestamp to play from that location

0:00.0	On today's episode, Ready for Retirement, we're going to jump into a question from a listener named Drew.
0:04.8	Drew is burned out at work. He's been a good saver. He's been a good investor. And he's asking
0:08.8	himself the question, at what point can I scale back from this really stressful job to do something
0:14.1	that I enjoy because I know I've put enough money to investments to take me to where I ultimately want to go?
0:19.2	All that's coming up next on today's episode of Ready for Retirement.
0:24.7	This is another episode of Ready for Retirement.
0:27.2	I'm your host, James Cannell, and I'm here to teach you how to get the most of the
0:30.1	life with your money.
0:31.5	And now, on to the episode.
0:35.0	And let's jump right into Drew's question.
0:37.4	Drew says the following.
0:38.7	Hi, James, I recently stumbled upon your content, and I am very impressed.
0:42.0	You're a young guy, but you have a way of gaining near-insent credibility through your honest,
0:45.9	candid, clearly well-felt-out approach.
0:48.3	I recommend you to all my like-minded friends, and my like-minded, I mean folks who know
0:51.9	the key to a rich life is from a balance of purpose,
0:54.6	means, relationship, and experiences.
0:57.2	My question for you is this.
0:58.9	Can I let off the gas on my retirement savings and start to shift from a savings mindset to what
1:04.0	you've earned it and now go cautiously enjoy it mindset?
1:07.0	A little bit about me.
1:08.0	I'm 42.
	...

Transcript will be available on the free plan in -327 days. Upgrade to see the full transcript now.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from James Conole, CFP®, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of James Conole, CFP® and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.