GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.
These brands compensate us to advertise their products in ads across our site.
This compensation may impact how and where products appear on this site.
Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.
you’re able to read more about oureditorial guidelinesand our products and servicesreview methodology.
20 YearsHelping You Live Richer
Reviewedby Experts
Trusted byMillions of Readers
To retire, or not to retire?
The real question is, When can I retire?
Unsurprisingly, answering this question is a big part of author and financial expert Suze Ormans work.
How Is Your Health?
Its not just a polite question.
Its actually one of the first things you should ask yourself as you think about retirement.
What Do You Want Your Legacy To Be?
Still, these are crucial areas to plan for as you approach retirement.
So you should absolutely factor estate planning into your conversations with your financial advisor.
Your will is also how your wishes for your long-term legacy will be preserved.
If you want to donate toparticular charities or causesafter youre gone, see to it that is clearly stated.
But what exactly does that mean?
Orman onceansweredthis question directly for a reader who wanted to know when he and his wife could retire.
For you, right now, retirement might mean a period of 30 to 35 years or longer.
So the following question has to be asked and answered: How long will your retirement income last?
In addition, she said that the couple should absolutely look into their tax-deferred accounts as well.
So this is how to figure out whether and when to retire.
Calculate your true living expenses today and what you project into the future, she said.
More From GOBankingRates
Share This Article:
