When is the Best Time to Retire?

Deciding When to Retire

You might be asking yourself, when should I retire? Should I retire early, or defer it? Deciding when to retire may not be one decision, but a series of decisions and calculations.

Estimating Your Retirement Expenses and Income Sources

For example, you’ll need to estimate not only your anticipated expenses, but also what sources of retirement income you’ll have and how long you’ll need your retirement savings to last.

Considering Life Expectancy and Health in Retirement Planning

You’ll need to take into account your life expectancy and health, as well as when you want to start receiving Social Security or pension benefits.

Deciding When to Start Using Retirement Savings

You’ll also want to consider when you’ll start to tap your retirement savings. Each of these factors may affect the others as part of an overall retirement income plan.

Get Professional Guidance on the Best Time to Retire

Contact us today to get help to determine the best time for you to retire.