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Episode 3679:
Mike Ballew lays out five signs that you are not ready to retire, from financially dependent adult children and an unpaid mortgage to personal debt, thin savings, and no real plan for how you will spend the days. He argues that retirement takes the same preparation as any other major life change, and that you have decades of warning to get it right. The takeaway is a retirement plan that pays the bills and also gives you something to do.
Read along with the original article(s) here: https://eggstack.com/blog/2023-10-29-5-Signs You-Are-Not-Ready-for-Retirement/
Quotes to ponder:
"Retirement is the cherry on top of a life well-lived."
"Social Security was never meant to be a retiree's sole source of income."
"You may not have time to prepare for some other life changes, but you've got all the time in the world to prepare for retirement."
Optimal Finance Daily is a daily personal finance podcast where we narrate the best articles on financial independence, investing, saving money, and money management, read to you by a professional narrator so you can grow your wealth a little more every day.
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