Episode 78: How Do You Know When It's "Safe" to Retire?

This episode tackles one of the biggest retirement questions: “When can I actually retire?” Dennis explains why the answer depends on far more than reaching a certain age or account balance, with healthcare costs, spending needs, Social Security timing, income sources, and even the emotional transition away from a paycheck all playing a role.

Here’s some of what we discuss in this episode:

- No Magic Age: Retirement readiness is personal

- Know Your Spending: Your budget drives the answer

- Plan for Healthcare: Early retirement can make coverage expensive

- Build the Income Plan: Know where every retirement paycheck comes from

- Prepare Emotionally: Being financially ready and feeling ready are different

Go Inside the Episode: 

0:00 – Intro

2:00 – Age or Account Value?

3:13 – Biggest factors

4:23 – What holds people back from retiring?

7:58 – Our process for figuring this out