3 Signs it’s Time to Retire

There’s a reason why so many people look forward to retirement. It’s a significant milestone in a person’s life where they finally get to relax without having to worry about the daily rat race. Retirement promises the offer of respite and leisure, and plenty of time to pursue your personal interests and hobbies. 

However, retirement isn’t necessarily for everyone at the same age. There are some people over the age of 70 who still love going to work and are passionate about pursuing their careers. 

However, there are people 10 years younger that are completely burnt out and could definitely benefit from hanging up their hats and retiring once and for all. Here are some of the telltale signs that it’s definitely time to retire.

You’ve Got Savings

Remember, once you retire that means you won’t have any more income. Therefore, you’ll need to ensure that you have financial stability when you’re no longer pulling in a paycheck every month. If you have put away a nice amount of retirement money, from savings to investments, then you know that you have enough to sustain the lifestyle you desire should you make the decision to stop working. 

Take a look at your resources, and calculate how much they will last each month. If they can cover your expenses, then it’s a pretty good indication that you have the financial freedom to be able to quit your job and start enjoying retirement as soon as possible.

Your Health is Suffering

After a certain age, working becomes more and more difficult for your body. Besides the physical aspect, there are also mental aspects to consider. Do you find yourself burnt out, stressed out, and touched out? This is a big sign that it may be time to retire. 

The last thing you want is to experience a burnout over a certain age. This can lead to plenty of complications, and affect your overall well-being.  If you’re concerned about your health, you might want to see a doctor who can help give you more insight on whether retirement is in the cards for you. Regular checkups are part of being healthy over a certain age, so don’t neglect seeing your doctor for their opinion.

Lack of Professional Satisfaction

Do you find that you dread going to work every day? Perhaps you don’t have the same “pep in your step” as you once did when you first started your career. If you’re no longer getting the same kind of joy out of your work, then you might want to consider passing your roll on to someone younger, and more motivated. 

Your job should be a source of fulfillment and satisfaction— not frustration. So take an inventory of how much joy and fulfillment your job is giving you, and if you find you’re giving more than you’re receiving, then you should definitely consider retirement!

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