Episode 33: Should I Retire Early?
Have your question answered on the Money Wisdom Question Series!
Thank you for joining us for episode 33 of our Money Wisdom Question Series, where we answer common financial and retirement investment questions. Today’s question is, “Should I retire early?”
Why does this come up so often and so much more than it used to? Well, you probably know why. You’ve got friends that are being asked to retire early. In addition to this, there are all kinds of early retirement packages being offered by big companies.
Think About Your Retirement Lifestyle
With 2020 behind us, it’s really time to think about your lifestyle. Do you want to work as hard as you were working before? What about having to commute? Do you have enough money for your retirement? Factor in your investments, Social Security, or maybe a pension so you can retire and maybe only work if you want to work, but not on the job you’ve been working at. It’s a great question that’s based on what you want to do, just as much as it is what you can do.
Are You Prepared for Early Retirement?
- Do you want to retire early?
- Can you financially retire early?
If you don’t want to retire, it doesn’t make any sense to see if you’re prepared to retire today. Obviously, in your financial plan, you want to make sure you’re prepared for when you decide to retire, whether that’s one, two, or three years from now. If you want to retire today – which is the first question you should answer – then the next question is obviously, can you do that? Can you make sure that you can invest your money and get guaranteed income sources like Social Security in such a way where you’re not going to run out of money before you die?
Also, do you really want to retire or do you just want to leave the job that you’re currently at?
Why Do You Want to Retire?
If you’re asking yourself the question, “Should I retire early?”, explore what you want to do. Forget about what you can do first and figure out do you really want to retire? Why do you want to retire? Then we can sit down with you and figure out what things you need to make sure are in place so you don’t run out of money and can maintain your lifestyle in retirement.
Thanks for joining me and I hope you found this information helpful!
P.S. If you enjoyed this topic and want to learn more, download our offer “Pre-Retirement Checklist“.
P.P.S. Feel free to submit questions here for a chance to have them answered!
Information presented here is considered current as of the created date. Over time, some information presented may become stale. We recommend you consult with your Financial Professional before making any changes based on information contained here.
Johnson Brunetti is a marketing name for the businesses of JB Capital and JN Financial.
Investment Advisory Services offered through JB Capital, LLC. Insurance Products offered through JN Financial, LLC.
The guarantees provided by any type of insurance contract are based on the claims-paying ability of the insurance company.
Related Resources
-
I’m 10 Years Away from Retirement – What Should I Be Doing?
If you’re about 10 years from retirement, now is the time to start building a plan for the life you want to live. Think about how you want to spend your time in retirement and the lifestyle you en… -
Podcast Episode 464: How Long Will My Investments Last in Retirement?
Prefer to watch? Click here to watch and listen on YouTube. One of the biggest concerns people have as they approach retirement is whether their money will be enough to support them. In additio… -
What’s the Difference Between a Roth IRA and a Traditional IRA?
An individual retirement arrangement (IRA) is a powerful investment vehicle. These accounts help you save for retirement on your own, without an employer. But the tax benefits vary significantly d… -
Podcast Episode 463: 4 Health Insurance Options for Early Retirees
Prefer to watch? Click here to watch and listen on YouTube. According to a 2026 Retirement Confidence Survey, 3 in 5 retirees report retiring earlier than age 65. If you retire early, you’ll ne… -
Do I Need to Sign Up for Medicare at 65 If I’m Still Working?
Turning 65 is a major Medicare milestone. Signing up on time is key to avoiding gaps in coverage and a monthly Part B late enrollment penalty. However, if you’re still working, you may be able to … -
Podcast Episode 462: The Retirement Setback 67% of Americans Fear More Than Death
Prefer to watch? Click here to watch and listen on YouTube. What financial obstacle scares Americans more than death? For nearly two out of three people, it’s the possibility of running out of … -
Will Social Security Be Around When I Retire?
The trust fund that pays Social Security retirement benefits may run out three months earlier than expected. This new information raises two important questions: How long will Social Security last… -
Podcast Episode 460: I’m 62, Can I Work While Collecting Social Security?
Prefer to watch? Click here to watch and listen on YouTube. While you can collect Social Security at age 62 and continue working, the real question is whether you should. Depending on your age … -
How Would Part-Time Work Affect My Retirement Plan?
In 2024, 38% of employed people aged 65 or older worked part-time. Many retirees choose to stay at least partially in the workforce to supplement their income or maintain a sense of routine. Howev… -
Are My Finances on Track for the Rest of the Year?
Have you made any progress with the financial goals you set back in January? Now that we’ve reached the halfway point of the year, it’s a great opportunity to see where your finances stand. Joi…
-
Laura H.Laura H. is a client of Johnson Brunetti and received no compensation for their statement.
“Your corporate values and mission have stayed constant which we’d say is the primary reason we are so satisfied. We believe that mission should never change.”
Testimonials received in response to Johnson Brunetti survey conducted in 2024. Please click here for a description of the survey and the overall results.
-
John L.John L. is a client of Johnson Brunetti and received no compensation for his statement.
“We are extremely please with J&B. Referring back to our one word, Family, we trust your firm, advisors, and services as we would a member of the Family. Thank you for everything!”
Testimonials received in response to Johnson Brunetti survey conducted in 2024. Please click here for a description of the survey and the overall results.
-
Joe D.Joe D. is a client of Johnson Brunetti and received no compensation for his statement.
“Your model is working well, continue to keep your focus on your clients. The podcasts are an effective way of communicating information and real life stories. Your business is supporting your clients’ many different real life stories.”
Testimonials received in response to Johnson Brunetti survey conducted in 2024. Please click here for a description of the survey and the overall results.
-
Jackie L.Jackie L. is a client of Johnson Brunetti and received no compensation for her statement.
“I love how everyone in the company makes us feel. Like we are one big happy family. I wouldn’t change anything! “
Testimonials received in response to Johnson Brunetti survey conducted in 2024. Please click here for a description of the survey and the overall results.
-
Christine Q.Christine Q. is a client of Johnson Brunetti and received no compensation for her statement.
“Your services are exemplary and greatly appreciated by my husband and myself to live out our retirement years feeling safe and secure. Thank you!”
Testimonials received in response to Johnson Brunetti survey conducted in 2024. Please click here for a description of the survey and the overall results.
-
Barbara S.Barbara S. is a client of Johnson Brunetti and received no compensation for her statement.
“We are very happy with Johnson Brunetti. It has really taken a load off our shoulders. Thank you.”
Testimonials received in response to Johnson Brunetti survey conducted in 2024. Please click here for a description of the survey and the overall results.
