5 Key Signs 2025 Is Your Year To Retire
Knowing when to leap into retirement can be one of the most important decisions of your life. If you can meet essential financial, lifestyle, and emotional milestones, you can retire without second-guessing yourself. A solid financial foundation is crucial for making this decision, with a 25 times annual expenses savings rate or multiple income streams indicating readiness to retire. For those who haven't saved enough yet, waiting until the nest egg is sufficient may be necessary. Having steady income streams and understanding retirement requirements can also serve as indicators of readiness.
- The relationship between financial stress and job enjoyment in retirement highlights a crucial aspect of planning for this life stage: creating a balanced income strategy that reduces reliance on a single source of income.
- What are the implications of increasing debt levels among retirement-age Americans, particularly credit card debt, on long-term financial security?