How do you know if you are ready to retire? There are several questions you can ask yourself to help you know. Retirement timing is different for everyone because each of us is unique. There are personality differences as well as financial differences. For most people there are relationship factors that can influence when you are ready to retire. Dependent parents, children, and other relationship can impact your decision to retire.
The good news is that there is a process to help you pick the best time for you to retire when you know you are ready. Retirement should not be just about how much money you have. It should also be about your quality of life, owning your time, hobbies, your values, your family, and other dreams and interests. We have these kinds of retirement discussions with our clients all the time. We would like to help you discover when the best time for you to retire is so that your quality and joy of life will increase.
Give me a call or email me here if you would like to discuss this further. I’d be happy to talk with you. Also, please comment below with your thoughts on retirement timing. I would value your insight and opinion.
Greg Powell, CIMA
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Greg Powell is President and CEO of Fi Plan Partners, an independent investment firm in Birmingham, AL, serving clients across the nation through financial planning, wealth management and business consulting. Fi Plan Partners creates strategies in the best interest of their clients using both fee based investing and transactional investing.