Are you ready to retire? Many people aren’t sure if they are ready to leave their careers behind. In this blog post, we will discuss some of the reasons why people may not be ready to retire. We will also provide tips on how to overcome these challenges and make the transition to retirement easier. So, if you are thinking about retiring soon, be sure to listen to this episode.
One of the main reasons why people may not be ready to retire is a lack of financial security. Retirement requires having an adequate amount of funds on hand to live comfortably and enjoy life in your golden years. Unfortunately, many people don’t set aside enough money for retirement and thus, find themselves unable to retire due to a lack of resources. They often use the excuse of not retiring as a defense mechanism because they haven’t done proper planning.
On the other side of that, people may have enough saved but lack the confidence because they haven’t done enough planning. People may not feel secure in their retirement plans due to a lack of understanding of how to manage their finances. They could be unsure of things such as how to draw from Social Security, when to collect Medicare and other benefits, or even where to invest their money for the best return on investment. Without this confidence, people are hesitant to retire because they’re not sure they will be able to live comfortably in retirement.
In addition, some people may feel an emotional attachment to their careers. They may have worked hard and long for many years, and it may be difficult for them to envision life without work. People who have been dedicated employees for decades may find the idea of retirement daunting, as they may feel disconnected from their daily routine.
Finally, another reason why someone might not be ready to retire is a fear of the unknown. People who have spent their entire lives working and raising families may feel afraid to take on new challenges in retirement and venture into unfamiliar territory. They might experience anxiety about what life looks like after work and feel like they might end up bored without work.
These are all valid reasons why someone may not be ready to retire. Fortunately, these challenges can be overcome with a little bit of planning and preparation.
“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.”
“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.”
“I view your company as one that puts my interests first. I think that is very uncommon and very refreshing. “
“Matt does an awesome job! So easy to understand and he listens to our concerns and addresses them! happy I chose your firm!”
“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!”
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.
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.