{"id":401220,"date":"2022-01-29T23:22:00","date_gmt":"2022-01-29T20:22:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/nerdwallet-three-signs-youre-ready-to-retire\/"},"modified":"2022-01-29T23:22:00","modified_gmt":"2022-01-29T20:22:00","slug":"nerdwallet-three-signs-youre-ready-to-retire","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/nerdwallet-three-signs-youre-ready-to-retire\/","title":{"rendered":"#NerdWallet: Three signs you\u2019re ready to retire"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a26b72ee1a64\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a26b72ee1a64\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/nerdwallet-three-signs-youre-ready-to-retire\/#It_helps_to_be_mentally_and_emotionally_prepared_not_just_financially\" >It helps to be mentally and emotionally prepared, not just financially<\/a><ul class='ez-toc-list-level-6' ><li class='ez-toc-heading-level-6'><ul class='ez-toc-list-level-6' ><li class='ez-toc-heading-level-6'><ul class='ez-toc-list-level-6' ><li class='ez-toc-heading-level-6'><ul class='ez-toc-list-level-6' ><li class='ez-toc-heading-level-6'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/nerdwallet-three-signs-youre-ready-to-retire\/#Youve_faced_your_fears\" >You\u2019ve faced your fears<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-6'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/nerdwallet-three-signs-youre-ready-to-retire\/#Your_financial_plan_has_been_stress_tested\" >Your financial plan has been stress tested<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-6'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/buradabiliyorum.com\/en\/nerdwallet-three-signs-youre-ready-to-retire\/#You_know_what_youre_retiring_to_not_just_from\" >You know what you\u2019re retiring to (not just from)<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/buradabiliyorum.com\/en\/nerdwallet-three-signs-youre-ready-to-retire\/#Liz_Weston\" >Liz Weston<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong>#NerdWallet: Three signs you\u2019re ready to retire<\/strong>&#8221;<\/p>\n<h2 class=\"article__subhead\" itemprop=\"alternativeHeadline\"><span class=\"ez-toc-section\" id=\"It_helps_to_be_mentally_and_emotionally_prepared_not_just_financially\"><\/span>\n  It helps to be mentally and emotionally prepared, not just financially<br \/>\n<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><\/p>\n<div class=\"column column--full article__content\" role=\"region\" aria-label=\"article body\">\n<div class=\"article__side\">\n<div class=\"container--sticky not-active\">\n<div id=\"cx-next\" data-nosnippet>\n              <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div id=\"js-article__body\" class=\"article__body article-wrap at16-col16 barrons-article-wrap\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0000534977\" role=\"document\">\n<div class=\"barrons-article-ad-wrapper\">\n<div data-track=\"barrons-article-ad-wrap\" class=\"barrons-article-ad sticky_item\">\n<div class=\"barrons-main-article-ad-target sticky_target body_ad\" aria-hidden=\"true\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div data-layout=\"\n                inline\" data-layout-mobile=\"\" class=\"\n          media-object\n          type-InsetArticleReader\n              \n              inline\n  article__inset\n          article__inset--type-InsetArticleReader\n              article__inset--inline\n  \"><\/p>\n<div class=\"media-object-article-reader\">\n<div class=\"audioplayer\" data-sbid=\"WP-MKTW-0000534977\" role=\"region\" aria-label=\"Listen to Article\" tabindex=\"-1\" id=\"articlereader\" data-show-title=\"false\" data-theme=\"wsj-article-reader\" data-show-header=\"false\" data-show-subscribe=\"false\" data-ads-enabled=\"true\" data-save-publication=\"false\">\n        <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>       <em>This <\/em><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.nerdwallet.com\/article\/finance\/ready-to-retire-signs?utm_campaign=ct_prod&amp;utm_source=syndication&amp;utm_medium=wire&amp;utm_term=anne-stanleymarketwatch-com&amp;utm_content=1084055\" class=\"icon none\"><em>article<\/em><\/a><em> is reprinted by permission from <\/em><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.nerdwallet.com\/blog\/?utm_campaign=ct_prod&amp;utm_source=syndication&amp;utm_medium=wire&amp;utm_term=anne-stanleymarketwatch-com\" class=\"icon none\"><em>NerdWallet<\/em><\/a><em>.\u00a0<\/em><\/p>\n<p> Many people don\u2019t have much choice about when they retire. Illness, job loss or caretaking responsibilities push them out of the labor force, ready or not.<\/p>\n<p>But some people have the opposite problem: They do have a choice, and yet they can\u2019t quite bring themselves to quit working.<\/p>\n<div class=\"paywall\">\n       Some love what they do and never want to retire. Others are paralyzed by fear of the unknown, financial planners say. They may worry about living without a paycheck,\u00a0spending down the money\u00a0they worked so hard to save or figuring out how to structure their days in the absence of a job.<\/p>\n<p>\u201cA lot of the people I see are financially ready before they\u2019re emotionally ready,\u201d says Cathy Gearig, a certified financial planner in Rochester Hills, Michigan.<\/p>\n<p>If you\u2019re struggling, here are three signs you may be ready to retire.<\/p>\n<h6><span class=\"ez-toc-section\" id=\"Youve_faced_your_fears\"><\/span><strong>You\u2019ve faced your fears<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h6>\n<p>Retirement is often depicted as an endless, stress-free vacation. In reality, retirement requires some potentially stressful \u201cparadigm shifts,\u201d or fundamental changes in people\u2019s <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>roach to life, says CFP Barbara O\u2019Neill, author of \u201cFlipping a Switch: Your Guide To Happiness and Financial Security in Later Life.\u201d<\/p>\n<p><strong>Also read: <\/strong><strong>Planning for retirement is hard, but you can do it, one step at a time<\/strong><\/p>\n<p>Instead of earning a paycheck, for example, retirees\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.nerdwallet.com\/article\/finance\/how-to-budget?utm_campaign=ct_prod&amp;utm_content=1084055&amp;utm_medium=wire&amp;utm_source=syndication&amp;utm_term=anne-stanleymarketwatch-com\" class=\"icon none\">have to create one<\/a>\u00a0from their savings and other resources. If something goes wrong \u2013 the furnace dies, or their investments don\u2019t do well \u2013 they can\u2019t just earn more money to make up for any shortfall.<\/p>\n<p>Those who have been\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.nerdwallet.com\/article\/finance\/how-to-save-money?utm_campaign=ct_prod&amp;utm_content=1084055&amp;utm_medium=wire&amp;utm_source=syndication&amp;utm_term=anne-stanleymarketwatch-com\" class=\"icon none\">diligent savers<\/a>\u00a0often struggle with the idea of spending their money in retirement.<\/p>\n<div id=\"cx-membership-tile\"><\/div>\n<p>\u201cIt\u2019s really emotional for people,\u201d says CFP Janice Cackowski of Willoughby, Ohio. \u201cThey\u2019re so used to seeing their account balances increase over the years and they find it really difficult to pull money out of their accounts.\u201d<\/p>\n<p>Other fears \u2014 such as being afraid of becoming irrelevant or simply being bored \u2014 can cause people to postpone retirement, according to some financial planners. Gearig says some of her most successful clients, including business owners and top executives, have prioritized work to the point where they can\u2019t imagine life without it.<\/p>\n<p>\u201cHonestly, the biggest fear I see is, \u2018What am I going to do with myself if I don\u2019t go to work all day?\u2019\u201d Gearig says.<\/p>\n<p><strong>Plus: <\/strong><strong>Worried about <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Social<\/a> Security? Panic can lead to bad decisions<\/strong><\/p>\n<p>Once you know what frightens you about retirement, you can begin to address those fears, financial planners say.<\/p>\n<h6><span class=\"ez-toc-section\" id=\"Your_financial_plan_has_been_stress_tested\"><\/span><strong>Your financial plan has been stress tested<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h6>\n<p>If your fears are financial, you can hire a fee-only financial planner to review your\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.nerdwallet.com\/investing\/retirement-calculator?utm_campaign=ct_prod&amp;utm_content=1084055&amp;utm_medium=wire&amp;utm_source=syndication&amp;utm_term=anne-stanleymarketwatch-com\" class=\"icon none\">retirement plan<\/a>. Choose a planner who is a fiduciary, which means they\u2019re committed to putting your best interests first.<\/p>\n<p>Getting an expert review is a good idea in any case. The planner can help you maximize Social Security benefits, navigate Medicare or other health insurance options, decide the best way to take a pension, plan for possible long-term care and figure out a sustainable withdrawal rate from your savings.<\/p>\n<p>\u201cThis will be your only retirement. It\u2019s paramount that you get it right,\u201d says Adam Wojtkowski, a CFP in Walpole, Massachusetts.<\/p>\n<p>Using sophisticated planning software, the advisor also can stress test your plan to see how it works in the event of a major market downturn, a surge in inflation, higher tax rates or the premature death of you or your spouse, says CFP Shelly-Ann Eweka, senior director of financial planning strategy for finance company TIAA.<\/p>\n<p><strong>See:<\/strong> <strong>Will you outlive your savings?<\/strong><\/p>\n<p>CFP Michelle Gessner of Houston runs her clients\u2019 plans through various combinations of events. Then she runs a \u201cmaximum spend\u201d test to see how much money they can spend before the plan fails and they run short of money.<\/p>\n<p>\u201cI\u2019m really beating the heck out of these plans and then [clients] can see \u2018Hey, look, it still works,\u2019\u201d Gessner says. \u201c\u2018And if it still works, maybe I don\u2019t have to be afraid anymore.\u2019\u201d<\/p>\n<h6><span class=\"ez-toc-section\" id=\"You_know_what_youre_retiring_to_not_just_from\"><\/span><strong>You know what you\u2019re retiring to (not just from)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h6>\n<p>Many retirees struggle, at least at first, to find a sense of purpose and a structure for their days. Having a plan for how you\u2019ll spend your time can help, says CFP Ian Weinberg of Woodbury, New York.<\/p>\n<p>That plan might include a bucket list of <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/trip-and-travel\/\" data-internallinksmanager029f6b8e52c=\"10\" title=\"Trip &amp; Travel\" target=\"_blank\" rel=\"noopener\">travel<\/a> and experiences you can start checking off. Or, you could create a pie chart or schedule of how you want to divide your time among various pursuits: hobbies, volunteering, physical fitness, family time, travel and so on.<\/p>\n<p>Retirement also can be unexpectedly lonely, especially if you\u2019re single or your partner is still working. If your primary social interactions were with coworkers, you may need to find some new friends, says CFP Patti B. Black of Birmingham, Alabama. Black recommends checking out volunteer groups, clubs and classes.<\/p>\n<p><strong>Read:<\/strong> <strong>6 ways to give back in retirement<\/strong><\/p>\n<p>You may need some time to prepare yourself mentally and emotionally for retirement. Just don\u2019t let the preparation continue indefinitely, since the future is never guaranteed, Gearig points out.<\/p>\n<p>\u201cJust jump in and enjoy the ride,\u201d Gearig says.<\/p>\n<p><strong>More From NerdWallet<\/strong><\/p>\n<ul class=\"articleList\">\n<li>\n      <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.nerdwallet.com\/article\/finance\/apple-black-friday-2021?utm_campaign=ct_prod&amp;utm_source=syndication&amp;utm_medium=wire&amp;utm_term=anne-stanleymarketwatch-com&amp;utm_content=1084055\" class=\"icon none\">How to Get the Best Apple Black Friday 2021 Deals<\/a><\/p>\n<\/li>\n<li>\n      <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.nerdwallet.com\/article\/finance\/prices-are-skyrocketing-heres-how-to-lessen-the-impact?utm_campaign=ct_prod&amp;utm_source=syndication&amp;utm_medium=wire&amp;utm_term=anne-stanleymarketwatch-com&amp;utm_content=1084055\" class=\"icon none\">Prices Are Skyrocketing: Here\u2019s How to Lessen the Impact<\/a><\/p>\n<\/li>\n<li>\n      <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.nerdwallet.com\/article\/finance\/air-fryer-black-friday-2021?utm_campaign=ct_prod&amp;utm_source=syndication&amp;utm_medium=wire&amp;utm_term=anne-stanleymarketwatch-com&amp;utm_content=1084055\" class=\"icon none\">Air Fryer Black Friday 2021 Deals: Are They Worth It?<\/a><\/p>\n<\/li>\n<\/ul>\n<p><em>Liz Weston writes for NerdWallet. Email: lweston@nerdwallet.com. Twitter: @lizweston.<\/em><\/p><\/div>\n<\/div><\/div>\n<p><\/p>\n<div class=\"byline article__byline\">\n<p>    <span>By<\/span><\/p>\n<div class=\"author  hasMenu\" data-scrim='{\"type\":\"author\",\"header\":\"Liz Weston\",\"subhead\":\"The Wall Street Journal\",\"list\":[]}' itemscope itemprop=\"author\" itemtype=\"http:\/\/schema.org\/Person\">\n<h4 itemprop=\"name\"><span class=\"ez-toc-section\" id=\"Liz_Weston\"><\/span>Liz Weston<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/p><\/div>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"http:\/\/www.marketwatch.com\/news\/story.asp?guid=%7B20C05575-04D4-B545-7829-C1F05494D675%7D&#038;siteid=rss&#038;rss=1\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;#NerdWallet: Three signs you\u2019re ready to retire&#8221; It helps to be mentally and emotionally prepared, not just financially This article is reprinted by permission from NerdWallet.\u00a0 Many people don\u2019t have much choice about when they retire. Illness, job loss or caretaking responsibilities push them out of the labor force, ready or not. But some people&#8230;<\/p>\n","protected":false},"author":1,"featured_media":401221,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.mktw.net\/im-460235\/social","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[],"class_list":["post-401220","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/401220","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=401220"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/401220\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/401221"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=401220"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=401220"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=401220"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}