There are many factors that can influence when someone decides to retire, which Tony will explore in more detail in this episode. For some, it might be based on health reasons, while others may want to take advantage of government benefits or simply enjoy a more relaxed lifestyle. However one of the most common factors that determines when people choose to retire is definitely their age. So with that in mind, what is the most popular age to retire early?
KEY TAKEAWAYS
- The most popular age currently to choose to retire is 60.
- More than half of early retirees report a boost to their mental wellbeing, however nearly half report a drop in their financial situation.
- Financial factors such as a career based company pension, paying off a mortgage or substantial savings convince someone to embrace early retirement.
BEST MOMENTS
‘Another key factor is wanting to enjoy more freedom and 1 in 4 of us are planning to celebrate our 60th birthdays by leaving work behind.'
‘Women are the most likely to have felt a negative financial impact from retiring early.'
‘Money worries are one of the biggest factors resulting in people returning to work.'
VALUABLE RESOURCES
Tony Talks Wealth - https://omny.fm/shows/tony-talks-wealth
Sign Up Now For Exclusive Tony Talks Wealth Content at https://www.patreon.com/TTWealth
Wills, Lasting Powers of Attorney, Trust and Estate Planning Specialists - Kinherit
ABOUT THE HOST
Tony Thomas is a published author, one of the top financial advisers in the UK voted for by his clients, the first Chartered Financial Planner in the UK, Independent Financial Adviser, Mentor, Trainer. Life Planner and Money Coach. He is also a pension and investment specialist as well as the regional Chartered Champion for South Wales.
“Live For Today, Invest For Tomorrow”
CONTACT
Tony's official website: https://ttwealth.co.uk/
Facebook: https://www.facebook.com/TonyThomas.IFA/
LinkedIn: https://www.linkedin.com/in/tonythomas2/
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