Today’s Prep:
Some may think that retiring early is just a dream, but can you turn this dream into a reality? In this episode, Eric talks about the ins and outs of taking an early retirement. Find out when you can retire and whether you will actually want to stay retired.
Equipping Points:
0:47 – WHAT AGE IS ‘EARLY RETIREMENT’ FOR MOST PEOPLE?
2:01 – CAN EARLY RETIREMENT BE A REALISTIC GOAL?
- The common mistake people make but what you should really be focusing on.
- Tax penalties that need to be considered.
- Do you need to have additional income still coming in?
4:39 – DOES RETIRING EARLY MEAN COMPLETELY STOPPING WORK
- What do most people do after retirement?
- Eric shares an example of someone who found a way to bring in bonus income
7:55 – THE BIGGEST CHALLENGE TO RETIRING EARLY
9:01 – HOW WILL I KNOW IF RETIRING EARLY WILL WORK FOR ME?
Related Resources:
ARTICLE: Technology for Retirement Planning
PODCAST: Retirement Income Planning
Today’s Takeaway:
“A lot of people do something because they want to be connected. You can only travel so much, golf so much, and do all this retirement stuff so much before you want a little something to do for work, even if it’s not the main source of income. – Eric Peterson“
Subscribe To The Podcast:
Apple Podcasts - Google Podcasts - Spotify - Stitcher - iHeartRadio - TuneIn
Check out some other recent episodes
Spending With Confidence in Retirement
Eric shares strategies to help retirees enjoy their savings while ensuring financial security.
Read More
Watch Out For These Financial Half Truths
Eric pulls back the curtain on some of the most common financial half-truths that many retirees and investors encounter. As someone gearing up for retirement,
Read More
Answering Common 401K FAQs
The 401k is the most common way that people save for retirement, which is why we get a lot of questions on the show and in the office about this employer-sponsored plan.
Read More
Mistakes People Make When Choosing An Advisor
When you’re ready to start working with a financial advisor, how do you find the right person to help you reach your financial goals?
Read More
Financial Lies We Tell Ourselves
We all tell ourselves little white lies from time to time. But when it comes to our finances, these “little lies” can have se-rious consequences.
Read More
The Stress That Comes With Retirement
Eric discusses why this phase can be so daunting and offers strategies to ease the transition.
Read More
Finding Financial Silver Linings
Throughout our lives, there will be times when the markets rise and times when we experience downturns. Largely, we don’t have control over the circumstances we’re dealt, but we do have control over how we respond to those situations.
Read More
Unasked Retirement Questions You Shouldn’t Ignore
Tune in to this episode with Eric, as he breaks down some frequently unasked retirement questions that are very important to consider.
Read More
The Diverse Definitions Of Diversification
Diversification is one of those buzzwords you hear often in financial planning. While many people know it’s important, few are clear on what it actually means when applied to various aspects of their financial strategy. In today’s episode, Eric and Marc will bring you the diverse definitions of diversification.
Read More
The Use Of Technology In Financial Planning
As technology keeps advancing, it’s made our lives easier in so many ways. Tasks that used to need outside help can now be done on our own with just a few clicks. This shift has also brought more accessible online financial tools, but how accurate and helpful are they really?
Read More