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	Podcast:		Ready For Retirement
	Episode:		How to Know When You Should Stop Saving for Retirement (and What to Do Next)
	Category:		Business
	Duration:		00:31:23
	Publish Date:		2024-05-07 10:00:00
	Description:		Drew, a burnt-out, financially responsible 40-something father of two, hopes he can scale back from his stressful job and still be okay when it’s time to retire. James offers a practical and philosophical take as he tackles Drew’s question. He demonstrates how to determine when Drew and his wife will be in a good position to fully retire. He also challenges listeners to assess their spending and saving habits and to strike a balance between planning for an unknown future while still finding fulfillment, freedom, and purpose today. Questions answered: How can I determine if I can stop saving for retirement? What introspective questions should I ask now to help me live well pre- and post-retirement? Timestamps: 0:00 - Drew’s question 2:07 - Two mindsets 6:08 - Assess current and future needs 7:33 - Projection exercise 11:28 - Working backwards 14:50 - Working 10 more years 18:21 - Back to the initial question 19:47 - Considering growth rate 21:38 - A philosophical question 23:52 - 3 Levers 26:07 - Check spending/saving habits Create Your Custom Strategy ⬇️ Get Started Here.
	Total Play:		0