Are You Ready to Retire?

The decision to retire is influenced by financial, emotional, and health factors. Signs that it's time to retire include financial readiness, consistent income, managing debt, and having an emergency fund. Emotional readiness involves having a plan and support system in place. Health readiness includes considering healthcare expenses, long-term care, and physical fitness. Age and retirement benefits, such as pensions and Social Security, should be carefully evaluated. Risk tolerance and managing investments are also important. It's crucial to work with an advisor who can provide comprehensive planning and guidance. In this conversation, Kevin Sullivan and Robin Whitlock discuss various topics related to retirement planning and financial decision-making. They touch on the importance of managing risk tolerance as one gets older and closer to retirement, the concept of sequence of return risks, and the potential impact of income production and taxation on retirement savings. They also answer listener questions about contributing to an IRA, filing for retroactive Social Security benefits, and dealing with old paper bonds. Overall, the conversation provides valuable insights and advice for individuals planning for their retirement. Reach out to Kevin and Robin at 800-757-6062 or https://www.infinitewealthadvisors.com/  See omnystudio.com/listener for privacy information.