If you're not emotionally ready to stop working and give up all the positive aspects of work like being stimulated, working in a team , meeting new people and going to new places you really may not be ready to retire early or late. "What are you planning on doing that will continue to allow you to enjoy your life, allow you to stay active mentally, emotionally and spiritually?" asks Richard Reyes, who is a professional and a coach with The Financial Quarterback in Maitland. "In retirement, every day is Saturday." he points out.
Being financially ready is much easier to assess if you have no debt, a good pension that more and more, even in the UK should maybe include some health insurance, some good savings and low expenses you probably have enough in place to lead to retiring early. In most cases, the early 50s is about the most realistic time for early retirement and to be financial successful it often involves an inheritance to boost assets.
While some tend to associate retirement with a specific age, "It's really about getting your budget and liabilities under control, then having a clear understanding of the resources available to create the desired and consistent retirement income you need," says Sean Lee. Enable’s IFA’s are here in Bishops Stortford to help you with the big picture and the fine detail.
Issued by: Enable Independent Financial Life Planners
25c North Street, Bishops Stortford, Herts CM23 2LD
Telephone: 01279 755950 - Fax: 01279 657339
Enable Independent Financial Life Planners is a trading style of Enable Independent Limited is authorised and regulated by the Financial Conduct Authority.
It is important always to seek independent financial advice before making any decision regarding your finances. If you would like any assistance, please contact us.
NOTHING CONTAINED IN THE ARTICLES SHOULD BE CONSIDERED AS GIVING INDIVIDUAL FINANCIAL ADVICE
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