Episode 11: "Can I Retire in My 50's?"

One of the biggest questions we’ve been encountering lately is “Can I retire in my 50’s?” It’s a simple question, however the answer is a lot more involved. In today’s show, Tom and Kristin share 4 critical things people need to consider in order to determine if they are financially ready to step away from their job and retire in their 50’s. Jump to a segment using the 𝘁𝗶𝗺𝗲𝘀𝘁𝗮𝗺𝗽𝘀 𝗯𝗲𝗹𝗼𝘄! 👇 TIMESTAMPS 00:00 Intro: Can You Retire in Your 50’s 01:59 Some challenges Gen Xers are facing as they contemplate retirement. 06:10 Reasons why 50+ year-olds are wanting to retire. 11:15 4 things you need to consider which will determine if you can retire at 55. 14:10 Can one million dollars saved enable you to retire at 55? 17:10 #1 Consider how you’ll fund your fun while you’re in your “Go-Go” Years. 23:10 #2 Consider the gaps in Social Security, access to IRA’s, and Medicare. 40:37 #3 Consider your debt 43:10 #4 Consider the risk of your longevity & investments. 46:20 Call to Action & How to get a retirement blueprint.
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