For the longest time the discussion around retirement planning focused on living longer, fuller lives and how to ensure of not running out of money. Typical solutions involved working longer and saving more. Covid19 has changed all that. Now many people want to know if retiring now is an option and can they survive financially.

The amount of job layoffs, furloughs and employee buy outs have spiked. Exposure to the virus have many worried about unknown health consequences and is it worth the risk to their health to keep working. Some are dealing with helping family who might have child care issues at home. Most of these scenarios, not surprisingly, where not given any thought last January.

The pandemic is a seminal event that will impact what retirement will be like for many people. When to retire has always been a big decision. To make this decision it is best to have an updated retirement plan, with future projections and actionable advice, done by a professional Certified Financial Planner®.

Retiring is a challenging decision. The fact is that half of retirees wished that they had retired earlier, generally 4-5 years, when they were healthier, more active, and better able to get the most out of their retirement savings. Also some have found an earlier retirement to be a door opener to use a lifetime of accumulated career skills in a new, prosperous way.

.....the power of planning!