Ask someone, “When should I retire?” and you’re very likely to hear, “As soon as you can!” But the best answer for many people can be very different and for more reasons than you might expect.
Deciding when to retire is more than just a financial decision. It’s also social and emotional; after all, this is the biggest uprooting of a person’s life since they left school and joined the workforce full-time. There are four key things to consider before deciding when you should retire: Wealth, health, housing, and purpose.
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