Welcome to a new week here on the Retirement Quick Tips podcast. I’m your host Ashley Micciche, co-owner of True North Retirement Advisors, an independent financial advisory practice managing $340 million in client assets. I’m a Chartered Retirement Planning Counselor, and I started this podcast because I love helping people just like you gain clarity and make a plan for the retirement you envision. 

The theme this week on the podcast is: Why You Shouldn’t Retire in 2022

If you’re like the 2 million extra people who retired during the pandemic, chances are you’ve thought about accelerating your plan for retirement, and perhaps you’re planning on retiring this year. Perhaps that’s why you’re listening to this podcast…you want to retire as soon as you can and you want to prepare yourself financially for the transition. 

But retirement is a huge decision and one of the most important transitions you’ll ever make, so while there are plenty of reasons to retire in 2022, there are also a few reasons not to, which I’ll cover this week.

We’ll talk about the risk of retiring at the onset of a recession or a big downturn in the market. It’s been a rough start to the year for the stock market, inflation hasn’t been this bad since before I was born, and it’s possible that tough times ahead will continue, making the timing of retirement now perilous. I’ll talk about other considerations for staying put in your job this year and what I think is the #1 reason you shouldn’t retire.

I hope what I have to share with you this week will help you make smart and thoughtful decisions with your retirement. And while I am careful to not lead you astray, personal finance is not an exact science. There is no one-size-fits-all solution for everyone, so I encourage you to disregard anything I say that may not be helpful for you, and to consult your own financial, tax, and legal advisors regarding your own individual situation. 

That’s it for today. Thanks for listening! I’m excited to dive deeper into this week’s theme with you! My name is Ashley Micciche...and this is the Retirement Quick Tips podcast.

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Tags: retirement, investing, money, finance, financial planning, retirement planning, saving money, personal finance