5 Signs It’s Time To Consider Retiring Early
Early Retirement - Financial Freedom (Investing, Tax Planning, Retirement Strategy, Personal Finance)
Ari Taublieb, CFP®, MBA
4.7 • 583 Ratings
🗓️ 5 August 2024
⏱️ 22 minutes
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Summary
Transcript
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| 0:00.0 | How would you feel if you knew you did not have to be working? Now, I know some of you would actually |
| 0:04.6 | be like, I like working. I just would feel better knowing I don't actually have to be here. I'm here because I want to. And if I have a bad day, I could find another role. Or actually, some of you are like, hey, I actually have a business. I'd love to run. I just don't have the time and capacity and I'm worried because financially I want to make sure I can retire early one day and I don't |
| 0:23.7 | want to |
| 0:21.1 | make sure I can retire early one day and I don't want to work forever doing what I'm doing. So I see both |
| 0:26.5 | sides. What I want to make sure all of you are not doing is working unnecessarily. And you would be |
| 0:32.7 | surprised how often I see that while also being the meanest financial advisor. |
| 0:39.4 | And when I say that, I'm not actually mean. |
| 0:40.2 | A lot of you know that. |
| 0:43.3 | But I just care that you do not run the risk of running out. |
| 0:48.8 | And I care that I do not want you to be mad at me when you have $10 million at age 90 going, |
| 0:53.2 | why didn't I work essentially less when I did not need to be working? |
| 1:11.0 | And why was I beating myself up working so hard for that promotion when it turns out I'm already in a fine position. Maybe I did not need that level of responsibility. So most of my clients, I think some of you know this, they don't actually retire early. They go, wow, really good to know. I don't need to keep working. Now some clients I have absolutely absolutely are like, I just, if I didn't have to work, I wouldn't be working. I'd be traveling and |
| 1:14.4 | do other fun stuff. But a large majority actually continue working. They're just doing something |
| 1:19.3 | they enjoy a whole lot more. And sometimes it's their volunteering and they're deferring, |
| 1:24.6 | you know, their spouse's compensation into a different retirement account. |
| 1:27.9 | Sometimes both spouses go volunteer. |
| 1:30.0 | Sometimes one spouse opens up a business that they really love. |
| 1:33.2 | So today I'm going to be discussing when are the signs to consider if you actually should retire? |
| 1:39.0 | We're going to be discussing it financially as well as how to actually create purpose and fulfillment. |
| 1:44.0 | Now, as always, |
| 1:45.1 | I'm going to be starting with I have one fun review of the week. And then I also have another |
| 1:50.2 | interesting comment I want to share with you all. So my name is Ari Taal bleep. I'm a certified |
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