Description

Retirement isn’t one-size-fits-all—and delaying retirement can be a smart move for some people and a mistake for others.

In this episode of Retirement Roadmap with Master Plan Retirement Consultants, Evan and retirement planner Mark Fricks walk through the most common reasons people work longer (financial security, purpose, flexibility) and the key tradeoffs you need to evaluate before you choose a retirement date.

We cover:

• Why more people are delaying retirement (and even “unretiring”)
• The real retirement math: savings, timeline, and income planning (not a “magic number”)
• Social Security timing: why the “wait till 70” answer isn’t automatic anymore
• Healthcare timing (especially retiring before Medicare at 65)
• Market timing risk when you’re close to retirement
• Emotional readiness: purpose, routine, and what you’ll actually do day-to-day
• Family & social life after work (what changes when your schedule changes)

Before you decide, ask yourself these 3 questions:

1. Why am I retiring? (new chapter or escaping something?)
2. What will I do every day? (purpose prevents boredom and aimlessness)
3. Can I live on my budget? (run a realistic retirement budget)

Send us a text

Visit masterplanretire.com to access our retirement checklists, podcasts, and schedule a complimentary consultation.
Call 770-980-9262 to speak directly with someone about your retirement planning needs.

https://masterplanretire.com/

Catch all episodes of our podcast at https://www.masterplanyourretirement.com/resources/episodes

Listen to Mark Fricks on Saturdays at 12:00 p.m. on XTRA 106.3 FM WFOM.
Sign up for one of our upcoming events at https://www.masterplanyourretirement.com/events

Purchase Mark’s book, The Road Less Traveled: Turning Your Retirement Worries Into an Excursion of a Lifetime, on Amazon: https://a.co/d/4fx94Al

Advisory services offered through MasterPlan Retirement Consultants, Inc., a Registered Investment Advisor in the state of Georgia. Insurance, tax and commodities services offered through Fricks and Associates, Inc. dba MasterPlan Retirement Consultants. The aforementioned are affiliated companies.