Last week I met with three different clients that all want to retire. Their retirement ages are 56, 58, and 67; all have been in their careers for 30+ years. What I asked them for was a list of their current expenses and any large expenses they expect to incur over the next few years, current tax return, statements on their savings and investments, and Social Security statement. I ran a comprehensive plan that included inflation and a conservative growth rate to age 90. I am happy to say that I was able to say “Yes you can retire” to all three. But then I asked the most important question……

“What do you plan on doing now?” Knowing that the economics of retirement will work is important but if you do not know why you will be getting out of bed each morning, you have no business retiring. Each of these three clients was able to tell me of their retirement plans and how they will spend their time. All three will walk different paths but they had put thought into their own view of what to do with their time and the many, many years in front of them.

It is possibly more important to think of the mental, emotional, and actual day to day of your retirement than the economic. I love saying yes!

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