How To Help Clients Choose The Right Time To Retire

Published: June 21, 2024

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Retirement planning involves many factors, but one that’s often overlooked is selecting the right time to retire—if you even have a choice. Advisors can help, but it takes a certain finesse.

Ultimately, the retirement decision comes down to a combination of rational and emotional imperatives, advisors say. “This push and pull of head and heart can be a tricky balance,” acknowledged Jeanie Alessandrini at Edward Jones in Los Angeles.

“Prioritizing happiness and life fulfillment is most often the goal,” stressed Dustin Wolk at Crescent Grove Advisors in Milwaukee, Wisc. “Still, if the financial realities do not align with that goal, a client can be left stressed in retirement and unable to fulfill the happiness they sought.”

Read the full article here.