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When Should I Retire?

Due to the influx of resignations in 2021 and early this year, many Americans are choosing to retire at an early age. Although an early retirement sounds like a much-needed farewell from a busy life in the workforce, the decision to retire should not be taken lightly. Many factors such as retirement benefits, cost of living, regulations from the IRS, and emergency savings must be taken into consideration. To help you determine when is the right time to retire, we shared our tips for calculating retirement expenses and analyzing retirement benefits.

Our friends at Private Wealth Management & Consulting (PWMC) put together this helpful information on deciding when retirement may be right for you.

To learn more or schedule an appointment with PWMC, visit our Financial Planning page.

Work cited: 
Parris, S (2022, February 14). Retiring Early? A New IRS Rule Could Mean More Money in Your Pocket. Kiplinger. Retrieved February 18, 2022. https://www.kiplinger.com/retirement/604203/retiring-early-a-new-irs-rule-could-mean-more-money-in-your-pocket

Securities are offered through Securities America Inc., a member FINRA/SIPC. Advisory services offered through Securities America Advisors, Inc. Champions First Credit Union, Private Wealth Management & Consulting, and Securities America are separate entities.

Not NCUA insured – No Credit Union Guarantees – May Lose Value – Not a Deposit – Not Insured by any Government Agency

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