Some laborers can’t wait to hang up their work boots. Some people are exhausted after years of hard labor, while others can’t wait to enjoy the advantages of a retirement package once they have finally reached retirement age.
But is retiring at a younger age the best option for everyone? The typical age of retirement in the United States is 65. When someone stops working before the age of 65, they are said to have taken early retirement. Being rendered permanently unable to do one’s job due to an accident or illness may also lead to a person taking early retirement.
As a result of the epidemic caused by the new coronavirus, some people who are approaching retirement age are thinking about retiring earlier than planned.
I recently spoke with someone who retired early. Her comments helped explain why she took early retirement rather than waiting until reaching the traditional retirement age. She refused the COVID-19 vaccine and thus retired early. She thought that her employer would fire her, so she quit early. Consequently, longer retirement will reduce her income and pension, making her anxious for the future. How long will her retirement savings last? Investing her large sum for the long term is critical for future income. When planning for retirement, it’s essential to obtain expert advice.
Let’s study a comparison. Several years ago, I had the opportunity to speak with a retiree who opted for traditional retirement. He related an anecdote about a period when the government made an early retirement package available to public officials. He was enthusiastic about the offer, so he submitted his application for the program. If he had accepted the offer at that time, the amount of money he would get from his pension each month would have been $80,000. Following the recommendation of the financial counselor he had at the time, he decided to withdraw his application for early retirement. His financial counselor demonstrated to him that his monthly pension income would significantly increase if he waited until regular retirement, which would be seven years later.
Additionally, his financial adviser computed the amount of income that he would have lost over the next seven years, taking travel allowances and concessions into account. This individual’s pension more than quadrupled by the time he reached retirement age, thanks to the fact that he waited. He looks back on his life without any regrets and makes the most of his time spent retired. Because I am his financial counselor, I can assist him with long-term investments. He is not concerned about outliving his wealth in any way.
Contact Information:
Email: [email protected]
Phone: 3604642979
Bio:
After entering the financial services industry in 1994, it was a desire to guide people towards their financial independence that drove Aaron to start Steele Capital Management in 2013. Armed with an extensive background in financial planning and commercial banking coupled with a sincere passion for helping people, Aaron has the expertise and affinity for serving the unique needs of those in transition. Clients benefit from his objective financial solutions and education aligned solely with helping them pursue the most comfortable financial life possible. Born in Olympia, Washington, Aaron spent much of his childhood in Denver, Colorado. An area outside of Phoenix, Arizona, known as the East Valley, occupies a special place in Aaron’s heart. It is where he graduated from Arizona State University with a Bachelor of Science degree in Business Administration, started a family, and advanced his professional career. Having now returned to his hometown of Olympia, and with the days of coaching his sons football and baseball teams behind him, he now has time to pursue his civic passions. Aaron is proud to serve on the Board of Regents Leadership for Thurston County as the Secretary and Treasurer for the Morningside area. His past affiliations include the West Olympia Rotary and has served on various committees for organizations throughout his community. Aaron and his beautiful wife, Holly, a Registered Nurse, consider their greatest accomplishment having raised Thomas and Tate, their two intelligent and motivated sons. Their oldest son Tate is following in his father’s entrepreneurial footsteps and currently attends the Carson College of Business at Washington State University. Their beloved youngest son, Thomas, is a student at Olympia High School. Focused on helping veterans and their families navigate the maze of long-term care solutions, Aaron specializes in customized strategies to avoid the financial crisis that care related expenses can create. Experience has shown him that many seniors are not prepared for the economic transition that takes place as they reach an advanced age. With support from the American Academy of Benefit Planners – an organization with expertise and resources on the intricacies of government benefits – he helps clients close the gap between the cost of care and their income while protecting their assets from depletion. Aaron can help you and your family to create, preserve and protect your legacy. That’s making a difference.
Disclosure:
Disclosure:Investment advisory services are offered through BWM Advisory, LLC (BWM). BWM is registered as an Investment Advisor located in Scottsdale, Arizona, and only conducts business in states where it is properly licensed, notice filed, or is excluded from notice filing requirements. BWM does not accept or take responsibility for acting on time-sensitive instructions sent by email or other electronic means. Content shared or published through this medium is only intended for an audience in the States the Advisor is licensed in. If you are not the intended recipient, you are hereby notified that any dissemination, distribution, or copy of this transmission is strictly prohibited. If you receive this communication in error, please immediately notify the sender. The information included should not be considered investment advice. There are risks involved with investing which may include market fluctuation and possible loss of principal value. Carefully consider the risks and possible consequences involved prior to making an investment decision.Confidential Notice and Disclosure: Electronic mail sent over the internet is not secure and could be intercepted by a third party. For your protection, avoid sending confidential identifying information, such as account and social security numbers. Further, do not send time-sensitive, action-oriented messages, such as transaction orders, fund transfer instructions, or check stop payments, as it is our policy not to accept such items electronically. All e-mail sent to or from this address will be received or otherwise recorded by the sender’s corporate e-mail system and is subject to archival, monitoring or review by, and/or disclosure to, someone other than the recipient as permitted and required by the Securities and Exchange Commission. Please contact your advisor if there are any changes in your personal/financial situation or investment objectives for the purpose of reviewing/evaluating/revising our previous recommendations and/or services. Additionally, if you change your address or fail to receive account statements from your account custodian, please contact our office at [email protected] or 800-779-4183.
