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Ready For Retirement

5 Signs It’s Time to Retire - Right Now

Ready For Retirement

James Conole, CFP®

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

5706 Ratings

🗓️ 8 July 2025

⏱️ 10 minutes

🧾️ Download transcript

Summary

At 90 years old, will you remember that final bonus or the time you didn’t spend with the people you love? This powerful question reframes how we think about retirement timing beyond the numbers. Yes, financial readiness matters. But delaying retirement for "just one more cycle" or "just one more raise" often leads to a dangerous pattern—constantly moving the goalpost while trading away your most vibrant, healthy years. In this episode, we explore the critical difference between lifespan and ...

Transcript

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0:00.0

Imagine real quick that you're 90 years old. You're looking back on your life and all that happened.

0:05.3

Are you thinking about the final bonus that you had? Or are you thinking back on the time that you

0:09.5

didn't spend with loved ones? Far too often, the regrets people actually have. Have nothing to do

0:15.0

with finances and how much money they didn't spend, the bonuses they didn't receive. They regret

0:19.2

the things they didn't do with family,

0:21.2

with loved ones, the activities that they wish they would have done more of.

0:24.6

That's why the topic of today's video is five signs that it might be time for you to retire.

0:29.2

I'm a financial advisor that's worked with hundreds of people over the course of my career,

0:32.1

so I know that financial readiness is the key.

0:34.5

But there are also these overlooked reasons that people don't spend enough time

0:37.6

thinking about when it comes to their retirement decision, and that's what I want to cover today.

0:41.8

So let's go through the five reasons that might be time for you to retire now. And reason number

0:45.5

one is time is the only non-renewable currency. What I mean by that is time is the only thing you

0:50.8

can't get back. Theoretically, you can always make more money. It might get

0:54.6

increasingly more difficult the older that you get, but you can always make more money. You can never

0:58.6

make more time. When we're young, we really prioritize money because we think that time is endless.

1:03.4

And so we need to prioritize money, building our money, saving our money, because that creates the

1:06.9

freedom to do the things we want to do. But as we start to get older, there comes a point

1:11.3

where there's a crossover. Now, of course, none of us know how long we have, but at some point,

1:15.5

we need to start realizing that it's that time that's far more important than money. What I see

1:20.6

too often is people who think about retirement and all the wonderful things that it can bring.

1:24.5

But there's so much in this mindset of we need to work. I can't pass up

...

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