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Ready For Retirement

Countdown to Retirement: Have You Had Enough Work?

Ready For Retirement

James Conole, CFP®

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

5706 Ratings

🗓️ 30 June 2020

⏱️ 13 minutes

🧾️ Download transcript

Summary

This episode of the Ready for Retirement podcast is the second part of four within a mini-series that answers the question “How do you know if you are on track for retirement?” In these four episodes, James outlines the four distinct questions that will ultimately help you know if you are on track. In this episode, James answers this question: Have you had enough work? Some people think that there’s no reason not to retire if they have the money to do so. While you need to be prepared financi...

Transcript

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0:00.0

Discover the tips and strategies that will help you achieve your retirement goals.

0:09.3

I'm your host, James Canole, and this is the podcast dedicated to helping you retire well.

0:14.6

It all starts right here of Ready for Retirement. I'm your host,

0:29.5

James Cannell. And today we're going to continue our countdown to retirement series.

0:33.5

If you recall from last time, we talked about the fact that your ability to retire,

0:37.0

not just retire, but really have an enjoyable retirement, successful retirement, it's going to come down

0:41.4

to your ability to answer yes to four distinct questions about your own unique retirement.

0:46.7

Last time, we addressed question number one, which is the most obvious question.

0:49.9

It's the answer or it's the question of do you have enough money?

0:53.5

If you can't answer yes to that question, you probably shouldn't be retiring.

0:56.8

There's some things that you need to do before you ultimately go ahead and make that decision to retire.

1:01.3

Now, just because you've answered yes to that question, it may seem like James.

1:04.6

That's obvious.

1:05.5

If I can answer yes, why would I not retire?

1:08.0

That's not necessarily the case. If that was the case, Warren Buffett wouldn't continue

1:12.0

working well past his 89th birthday worth almost $90 billion. There's something more to work than just

1:17.8

the financial aspect of it. So today's question, what we're going to talk about today,

1:22.0

the second question that you should ask yourself as you approach retirement is do you or have you

1:27.2

had enough work? Not do you have is do you or have you had enough work?

1:29.0

Not do you have enough money, but have you had enough of the work or the job or the career that

1:33.7

you're in? Because again, as we talk about this, retirement shouldn't just be seen as a financial

1:38.5

decision. Of course, that's important. You need to make sure that you have enough money and enough

...

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