Created: January 28, 2021
Modified: September 16, 2022

Episode 33: Should I Retire Early?

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?

  1. Do you want to retire early?
  2. 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!

  • Sandy and Thomas C.
    Sandy & Thomas C. are clients of Johnson Brunetti and received no compensation for their statement.

    “We always felt our financial needs were in very capable hands. Alex Angst is great to work with. Our advisor always made us feel he had our best interests at heart and explained things so we could understand them.”

  • Robert G.
    Robert G. is a client of Johnson Brunetti and received no compensation for his statement.

    “We’ve been clients of Johnson-Brunetti for > 10 years. We’re enjoying a comfortable retirement as a result. Many thanks to Joel and our CFP, Eric Hogarth. I wish we had plugged into this decade approach back when we were in our 30s.”

  • Lisa D.
    Lisa D. is a client of Johnson Brunetti and received no compensation for her statement.

    “Working with Johnson Brunetti has had a positive impact on my life by providing me with the knowledge, confidence, and peace of mind to move forward with my retirement plans. The process of getting to this point, through their guidance, has been informative and pleasurable.”

  • Ken D.
    Ken D. is a client of Johnson Brunetti and received no compensation for his statement.

    “I view your company as one that puts my interests first. I think that is very uncommon and very refreshing. “

  • Jeanne P.
    Jeanne P. is a client of Johnson Brunetti and received no compensation for her statement.

    “Matt does an awesome job! So easy to understand and he listens to our concerns and addresses them! happy I chose your firm!”

  • Anonymous
    This testimonial was provided by a client of Johnson Brunetti and received no compensation for their statement.

    “I have been pleased with the help and service I have received from the company. I have met several team members on Eric’s team and have found all of them very well prepared to meet with me when reviewing my portfolio. I always feel that I am an important customer and appreciate that very much. I hope the firm continues to focus on the customer and maintains its great service. I think you do a great job for someone like me!!!! I’m happy I chose your firm!”

    Johnson Brunetti
    Welcome to Our New Website!
    Everything was designed with you in mind, making our retirement planning resources more easily accessible to you.
    Check out your new resource center, where everything can be organized by article type or topic
    Are you ready to speak with a financial advisor?
    Johnson Brunetti

    Investment Advisory Services offered through JB Capital, LLC.
    Insurance Products offered through JN Financial, LLC.
    Atlanta • Boston • Hartford | Tel: 800-208-7233

    JB Capital LLC is a federally registered investment adviser under the Investment Advisers Act of 1940. Registration as an investment adviser does not imply any level of skill or training. Information presented is for educational purposes only and is not intended as an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies.

    JB Capital's Form ADV | Disclaimer | Privacy Notice | Client Relationship Summary

    *Information about our Affiliation with the UConn Huskies

    Johnson Brunetti is a sponsor of WFSB Better Money, WCVB Better Money Boston, WSB-TV Better Money Atlanta, WTNH Money Wisdom, and WTIC Money Wisdom.