How Do I Know When I Can Retire?

Everyday, I sit down with people from all financial situations and
all walks of life to help them figure out their retirement plan.
The question Is Always the same: When Can I Actually
Retire?

Most of the clients who come into our firm are in their 60’s.
They’ve earned a good salary their whole lives. They’ve worked
for decades. But they know that once they leave their jobs they
would no longer have access to their salary. The idea of
missing out on that steady paycheck gives people so much anxiety
that they end up staying at their job much longer than they need
to.


How do you know when you’re ready to retire? It depends on what
retirement means to you.
Let me explain...

My dad is a pastor. He’s told me since I was a kid that he would
never retire. He loves his job and feels that it’s his calling to
do his work for the rest of his life. He’d never dream of
retirement th way many people do.


Other people dream of having enough money to travel and pursue
their passions.


Still others want to do nothing after retirement. They want to
have the financial freedom to stay home and relax in a way
they’ve never been able to before.
 
With all these different definitions of retirement and
different ways to save, a lot of people have a hard time feeling
confident they are ready to leave their salary behind. But, that
doesn’t mean that continuing to work is always the best option.

 
What To Know About YOUR Retirement

It all comes down to a quality of life issue.


Most people have a huge amount of anxiety about their future and
it keeps them away from retirement. This anxiety matters and it
is important to me that I figure out how to work my clients
through it.


Recently I had a couple come into my office, Joe and Amy. They
had been working and dreaming of retiring in their mid-60’s, but
were already approaching their 70’s. When I asked Joe and Amy why
they were still working they said they just weren’t confident
they’d be safe financially.


Part of Joe and Amy’s problem is that they were comparing
their financial situation and their idea of retirement to all of
their friends and neighbors. One of their friends told
them they participated in a dividend income strategy, which is
when a company pays you a dividend for investing with them. For
some people that’s great income and it’s not a bad retirement
strategy at all.
The problem is that Amy had been a government employee for
years and had a great pension plan. If they had retired the next
day, they would have more guaranteed income every month than what
they would spend.

I had to explain that they didn’t actually have an income issue
at all. The real issue was with growth and a dividend wouldn’t be
helpful to them.


We were able to sit down, look at their entire financial
world, what level of risk they were taking and what some good
opportunities for them may be. We created a grid that
showed them how much they would have if they retired tomorrow or
next week or next year. Our software builds in worst case
scenarios into retirement plans, so you can feel confident no
matter what the future holds.
This peace of mind that is so essential to helping you feel
confident about retiring is only possible with a full,
comprehensive retirement plan. Your Life Is About More Than Money

It’s so important that people have this holistic plan for
retirement. It’s great that you have money saved, but
that's only really value if you don’t feel stress and anxiety
about your future.


Comprehensive plans give you the freedom to live out your life
the way you want. It makes you confident that you’re going to be
okay, even if the worst happens.
Our goal is not to get you the biggest bank account balance
possible, although that’s a nice perk. It is to enhance your
quality of life.

That’s why our firm is called More Than Money.
Your Plan And Your Life Matter

If you want to have this confidence and peace of mind about
retirement, sign up for a free consultation. I’ll sit down with
you and walk you through the entire process.


We can create models to help you think through these difficult
what-if scenarios and give you all the information you need to
feel ready and at peace with your financial decision.


Create A Personalize Retirement PlanDiscover Why People Love
Working with More Than Money