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Retired Early But Still Feel the Need to Earn Money
Manage episode 406435515 series 3460411
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It’s not uncommon for someone to retire early but still not feel totally comfortable with the idea of not earning a consistent paycheck. It’s a complete shift in thinking and unless you’ve done solid planning, there might be a little doubt still lingering in your mind.
So how do you know when you have enough to retire? Better yet, how do you get the confidence to spend the money you have in retirement without the fear of running out and returning to work.
We have that exact scenario to work through on the show thanks to a question that we recently received. It comes from a police officer who was injured and given a medical retirement, which provides a monthly check. At age 53, they feel like they need to continue earning money because it feels too early to be retired. The issue now is finding work that pays as much as his job as an officer did so how should he approach this?
Listen as we tackle this specific situation but also discuss retiring early and the general planning involved.
Here’s some of what we discuss in this episode:
0:00 – Intro
1:32 – Questions to answer
4:58 – How much you need to make
6:14 – Client story
7:24 – How to plan for it
Connect with us:
Web: https://rosewoodwealthmanagement.com/
Phone: 919-391-3446
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