Today’s Hack
Did you know that most Americans are forced to retire early? A little bit more than you might actually realize. The Transamerica Center for Retirement Studies found that 60% of Americans are forced to retire earlier than their planned age. On this show, we’re going to talk about some things to think about and the next steps to consider if you find yourself in this situation.
We explore unexpected scenarios like layoffs and health issues, and how to prepare for them. Phil shares insights on the importance of having a solid retirement plan, the financial impacts of early retirement, and how to manage Social Security and healthcare costs effectively.
You never know what could happen in your future so tune in and learn how to best prepare.
Here’s some of what we discuss in this episode:
0:00 – Intro
1:33 – How we guide clients in that situation.
3:18 – Why people retire earlier than planned.
4:28 – Social Security and Medicare.
7:11 – Preparing for the unexpected.
13:19 – The mindset shift.
If you have any questions about what we discussed in this episode, reach out and we’ll be happy to set up a time to talk.