Many companies are offering early retirement incentives, laying off workers, and in some cases, closing their doors entirely. On the other hand, some workers, especially those with health conditions that make them susceptible to illness, are worried about what returning to the workforce may look like and are considering retiring early despite having a stable job. Even if you’re confidently going back into the workforce, so much about the current economic and health situation we face remains unknown. The June Jobs Report paints a slightly rosier view of the economy, but economists like Allianz’s El Erian say layoffs at bigger companies like United Airlines and Bed, Bath & Beyond may indicate we are in for a slower recovery than they had initially anticipated.
There isn’t a one size fits all guide when it comes to retirement, and facing an early retirement decision can seem stressful. However, taking control of your situation is the first step. Check off whatever you can on the list above, and then prioritize the remaining tasks. While the list above includes our top things to consider, it may not take into account your individual needs. Do you have enough to retire? Should you reevaluate your investments and see if you are taking on too much risk? These are all questions we can help you answer.
If you’re ready to take the next steps give us a call or click here to book an appointment. We are available to meet virtually, over the phone,and in person.
Brian Bowen – Contact