When Can You ACTUALLY Retire? Myths vs Reality | Greg Kurinec (Ep 98)

Should you retire now or later? In this episode, I'm joined by Greg Kurinec, CFP, where we discuss our experience with clients planning for retirement. We share our experiences in helping clients transition into retirement, talk about why common advice like "you'll need less money in retirement" can be misleading, and the importance of planning for both the financial and emotional sides of this major life change. Whether you're ten years away from retiring or just starting to think about it, this episode will give you information on projecting your needs, managing spending, and creating a purpose-filled retirement. Tune in to learn why a successful retirement is about more than just the numbers, and how you can prepare for the life you really want after work. Key Takeaways:You probably won’t spend less in retirement: Your lifestyle isn’t going to shift overnight, and you may even spend more in your early retirement years as you check off bucket list experiences and enjoy your newfound freedom.Look at taxes: Don’t overlook taxes on pre-tax retirement accounts (like IRAs and 401(k)s). Taxes are often a retirees’ largest expense, and failing to anticipate withdrawals can throw off your entire plan.A successful retirement plan goes beyond finances: The transition to retirement isn’t just financial; it requires emotional preparation, too. Purpose, social connection, and active planning for your identity after work are as important as the money is to a fulfilling retirement. Greg Kurinec of Pennant Planning: https://pennantplanning.com/contact/ If you enjoyed this episode, please follow and leave a review. Your support helps others discover the show.Follow for more financial tips:Subscribe to the Podcast: https://pod.link/1671924778Facebook: https://www.facebook.com/theunconventionalinvestorpodcastInstagram: https://www.instagram.com/michelle.e.mosesBook a 15-minute consultation with Michelle: https://www.mefinancial.net/contact-us Disclaimer:The information discussed in this podcast is for educational and informational purposes only and does not constitute an offer to sell, or a solicitation of an offer to buy, any securities, investments, or financial instruments. Private placements and alternative investments are speculative and involve significant risks, including the potential loss of your entire investment. These investments are often illiquid, meaning they may not be easily sold or converted to cash, and investors should be prepared to hold them for an extended period of time. These opportunities are typically suitable only for accredited investors and may not be appropriate for all listeners. Always consult with a qualified financial advisor, attorney, or tax professional before making any investment decisions. The hosts and guests of this podcast are not responsible for any actions taken based on the information presented.