Episode 6: When is it a Good Time to Retire? (Hint: It’s NOT About Your Age!)
If you’re wondering whether you can retire, make sure you’re not playing a guessing game. In this episode, Jim and Dan explain why choosing when to retire is about much more than your age. If you’re feeling overwhelmed, focus on your budget first. Then, you can determine when to retire by creating a full financial plan that takes into account components like income, tax planning, legacy planning, inflation, future medical care, and more.
In this week’s Peak University segment, Jim and Dan take a closer look at tax brackets and how they may affect your finances once you retire. Later, they answer common questions about making sure your assets last as long as you live.
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You might also like to learn more about our book Momma’s Secret Recipe for Retirement Success
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