When Can I Retire? 4 Focus Areas To Help You

All of us have had bad days at work when nothing seems to go right. Frustrated with everything, we begin to wonder, “when can I retire?”.

Financial As long as you have accumulated enough income-producing assets, you are no longer dependent on your job for your expenses.

How To Decide When To Retire

Emotional

Many individuals have their identity tied to work. When you meet strangers at a party, the first few questions revolve around “what do you do for work.”

Social Circle

Consider the 8 hours we spend at our job versus the few hours after work we barely manage to eke out with our spouse or kids.

While we may not agree with everything he says, there are nine decades of wisdom buried in Warren Buffett’s quotes.

Retirement Activities

Although you want to run away from your job towards retirement, the answer to when can you retire should also be based on what you want to do in retirement.

How Much Do I Need To Retire

Will you have income after you retire? The most crucial question is holding back people from quitting.

What Will Be My Expenses in Retirement

If you do not already know your current expenses, I highly recommend linking all your accounts (credit cards, banks, brokerage accounts, etc.) to Personal Capital.

Additional Expenses In Retirement

Most of us received subsidized healthcare through our work. As you grow older or have pre-existing conditions, your premiums stay the same since a risk pool is built of all employees.

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