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Ready For Retirement

5 Common Mistakes To Avoid When Retiring Early (Part 1 - Early Retirement)

Ready For Retirement

James Conole, CFP®

Investment Planning, Bonds, Education, Stocks, Cash, Business, Dividend Investing, Retirement Planning, Retirement, Investing, Tax Planning

5706 Ratings

🗓️ 28 February 2023

⏱️ 25 minutes

🧾️ Download transcript

Summary

In this episode of Ready for Retirement, Ari Taublieb, MBA guest hosts the Ready for Retirement podcast to discuss the 5 mistakes to make sure you avoid when retiring early. Ari Taublieb, MBA is the Vice President of Root Financial Partners and a Financial Advisor. This episode is part one of a three-part series. Ari is the host of the Early Retirement podcast available here. Ari is also on YouTube here. Create your customized early retirement strategy with Ari here. Episode Summary:&...

Transcript

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0:00.0

A warm welcome to the Ready for Retirement podcast. And if you're listening to this, going, that voice sounds a little

0:06.1

different than James Canol. It's because it is different. I am not James Cannell. I am guest hosting the next

0:12.1

few episodes to talk about an early retirement. My name is Ari Taublieb. I am the vice president of

0:18.8

root financial partners. I work very closely with James

0:22.1

Cannell, who is our founder, and I'm going to be talking about an early retirement. I am an active

0:28.6

financial advisor here at Root, and I am the host of the early retirement podcast. I know that was a little

0:34.9

bit of a mouthful right there, but it's not an early retirement

0:38.3

that I'm in love with. What I'm in love with is the idea of helping clients know when they

0:43.2

are in a position where work is truly optional. If you love what you do, great, keep doing it. I'm not

0:49.4

saying stop. I'm saying know when you're in a position where you no longer need to. Is there a hobby that you've been putting off?

0:55.7

They just cannot wait to get started on.

0:57.8

Is there a job that you'd rather switch into, even if it's bringing in less income, but you do it for more years?

1:03.4

Because there's just so much more enjoyment there.

1:05.7

Maybe that's an alternative.

1:07.2

I'm going to be talking about all of the different strategies that you can look into if you want to retire early.

1:13.3

And specifically in today's episode, what you should avoid and what people don't consider when it comes to an early retirement.

1:20.7

That is just so important.

1:22.5

So I'll leave you with this question before I roll the intro so that you have something to think about, which is,

1:28.1

if you were retired today, what would you be doing? Close your eyes. Now, unless, if you're driving,

1:33.6

please do not close your eyes. We don't need any lawsuits here, but I do want you to think about

1:38.2

if you were retired, what would you be doing? Is it traveling? Is it more time with family?

1:44.0

Is it saying, hey, there's a hobby I've been putting off for so long. What would you be doing? Is it traveling? Is it more time with family? Is it saying, hey, there's a

...

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