According to a survey conducted by Natixis Investment Managers, the average age Americans stop working is 62. But the right age for you may be totally different.
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00:00The average age Americans stop working is 62.
00:07That's according to a recent survey by Natixis Investment Managers.
00:11The right age for you is when you're ready.
00:14As Market Watch explains, you need to stress test your financial plan.
00:18Get a planner who's a fiduciary, someone who has your best interests in mind.
00:24Maximize social security benefits, navigate health care, decide the best way to take a
00:28pension, plan for possible long-term care, and figure out a sustainable withdrawal rate
00:34from your savings.
00:35However, it's more than just a decision about numbers like age and finances.
00:40Retiring means you need to be emotionally ready, too.
00:43Money Talks News suggests writing out a typical retirement calendar.
00:47Do those types of days and activities sound appealing to you?
00:51Market Watch suggests making a list of travel and experiences you can start checking off.
00:56You can also make a pie chart or schedule of how you want to divide your time with hobbies,
01:01volunteering, and family.
01:03Remember, when you feel financially and emotionally ready is when you should retire, not when
01:08any survey or chart says so.