Ever wondered if working just one more year could make a big difference in your retirement? Danny Gudorf digs into that exact question on the latest episode of Limitless Retirement. He walks through three big things to think about—money, lifestyle, and family—so you can make a smart, balanced call.
Rather than letting worry steer the ship, Danny wants you to feel confident about your decision. Oh, and there’s a free retirement check-up you can grab to see how ready you really are.
Takeaways:
- The decision to work an extra year involves more than just financial calculations.
- Financial benefits include additional contributions, compound growth, and fewer withdrawals.
- Emotional factors can significantly influence the decision to delay retirement.
- Family considerations are crucial in retirement planning.
- Testing retirement through a trial period can provide clarity.
- Open conversations with family about retirement expectations are essential.
- A phased approach to retirement can offer flexibility and purpose.
- Understanding your unique financial situation is key to making informed decisions.
- Regret can stem from both working too long and retiring too early.
- Utilizing professional assessments can enhance retirement readiness.
Resources:
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