Deciding to retire involves weighing various personal and financial factors. Common indicators include having sufficient savings, a stable source of income, good health, and a clear plan for how to spend your time after work. Additionally, feeling mentally prepared and having addressed any outstanding work commitments can signal readiness.
It is important to carefully evaluate both the advantages and challenges of retirement. Considering your lifestyle goals, healthcare needs, and social connections can help ensure a smooth transition.
**Why this matters**
Retirement is a significant life change that affects financial security, daily routines, and overall well-being. Understanding when you are ready can help you make informed decisions and maintain a comfortable and fulfilling lifestyle after leaving the workforce.
Source: NewsData