December 12, 2023 | Episode 93

Bad Economy - Should you delay retiring?

In this episode, we discuss the complexity of retiring in a bad economy. We explore the fear and uncertainty that often accompanies the decision to retire during challenging economic times. Our conversation highlights the importance of understanding the difference between a bad economy and bad markets, as well as the psychological impact of fear and guilt.

Retirement shouldn't be burdened with anxiety over layoffs and job security. Instead, it should be a phase of life to look forward to. We provide you with a fresh outlook, emphasizing the essence of personalized planning over the noise of economic forecasts. We stress on crafting a retirement plan that fits your unique needs and circumstances, eliminating the uncertainties of leaving the workforce. And yes, we discuss the emotional side of this decision, taking into account how past experiences with financial instability can stir up retirement anxiety.

We emphasize the role of a good financial planner in helping individuals navigate these complexities and make informed decisions. The episode concludes with a reminder to focus on the value of money in retirement and to be cautious of fear-based sales pitches.

Enjoy this episode, as we help you navigate through these financial crossroads, equipping you with knowledge to make your retirement journey more confident. Don't forget to share this episode with others who could benefit from this conversation.

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Looking for additional content that can help you get the most from your life? Check out Unleashing Leadership with Travis Maus, premium bonus content from Ditch the Suits Fans, at https://unleashingleadership.buzzsprout.com/

Thanks to our sponsor, S.E.E.D. Planning Group! S.E.E.D. is a fee-only financial planning firm with a fiduciary obligation to put your best interest first. Schedule your free discovery meeting at www.seedpg.com

Ditch the Suits is produced by NQR Media. NQR also produces the One Big Thing Podcast with Steve Campbell.

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