You have heard for years that it is always better to retire later in life. The longer you wait, the more money you can save and have grow in your portfolio. You can get a higher social security check and just really enjoy the life you have been given if you just wait a bit longer. But in some cases, it is better to retire now, while you still have your good health, rather than waiting any longer to enjoy your time.
The professionals at L. James and Associates are here to help you make the right decisions based on your retirement goals. Whether you want to be secure in your retirement or you are looking to see if it is possible to retire early, our professionals can take a look at your retirement plan and help you make the right decision for your financial future.
Your Health is Failing
In many cases, the choice to go into early retirement has more to do with the health of the individual rather that a personal choice. If you are spending a lot of time in the hospital because of your medical condition or you are having a lot of trouble doing the daily tasks that you once enjoyed, it may be time to think about an early retirement. This way you can get the help that you need at your doctor visits and you will not have to worry about taking time off or overworking yourself.
For those who are considering retiring for their health, make sure to contact the professionals at L. James and Associates. Our professionals can work on your retirement with you to ensure you have enough money set aside and even to help you go through the process of early retirement without any issues.
Your Family History is not Long
When you look at your family tree, what do you notice? Are there people who seem to live forever, easily making it into their 100s without any major health problems? Or does everyone seem to pass on in their early 70s, suffering a lot and not getting much time to have fun. If you fall into the first group, don’t retire early; in fact, it might be better if you continue working on a bit longer since you will have the good health and could save up a lot more for your retirement.
But, if you fall into the second group, it may be a good idea to retire a bit earlier. This ensures that you will get at least a little bit of time to hang out with friends and family and enjoy your life before you pass on. With a short family history, it is not likely you are going to live much longer than your family members have, although probably a little if you took good care of yourself, and it is easier to have enough in retirement to enjoy your later years.
If you are unsure about whether you should retire early or if it is better to keep working for a few more years, make sure to contact the professionals at L. James and Associates. They will be able to look over your retirement plan and determine which steps are needed to get you ready for early retirement or if this is the right process for you. Contact them today to get started.
You Want to Enjoy Life
Sometimes, it is better to just retire a few years early and enjoy life rather than working at a job that you don’t like or one that is threatening you to be fired all of the time. While you shouldn’t do this when you are in your 40s, if you are already at the age of 61 or 62, it may be better for your health to just take a step back and enjoy life rather than continuing to work at a job you do not like. This is especially important if you have had a lot of health problems in life and want to see some important people in your life before you pass on. Take the time to go traveling, see some family, and just have fun by retiring a bit earlier.
You Saved Enough in Retirement
The number one reason to retire early is if you have saved enough money in order to do this. While it is true that waiting a few years is enough to help you out even more and can make things easier, if you have worked hard for the past few years and have a nice retirement all planned out, why not take some time off and take a break rather than continuing to work too hard. Make sure to sit down with your accountant or tax professional and talk over all the different aspects of your retirement, what your plans are, and if you really have enough money to make it by before you actually retire.
When you are ready to start thinking about retiring or you have the want to retire earlier in life, make sure to contact Lou J. Arellano from L. James and Associates in Denver, CO to help you out. We have the professionals needed to ensure you are getting the most out of your retirement plan and that you will pick the exact right time to retire in order to get the best results. Contact us today to get started.
