Should You Retire Or Actually Start Working Again?

PennyGem’s Elizabeth Keatinge tells us what to consider when retiring.

Transcript

00:00you're just kicking back enjoying the retired life but is it time to get back to a nine-to-five

00:08believe it or not some people miss the daily grind once they retire as lillian choney executive

00:14director of revisions resources tells money talks news quote if you're an energetic person who wants

00:19to feel alive you're not going to feel happy sitting back and watching tv in retirement unquote

00:24there's obviously financial reasons you shouldn't retire investopedia says if you're not able to

00:29pay current bills or you're in debt perhaps there's a few more years you need to put in

00:34there's also emotional reasons as money talks news suggests you love being in the workplace you miss

00:39social connections you're becoming too sedentary or you're having trouble adjusting to that new

00:45schedule forbes suggests considering health insurance options as well before retirement

00:49focusing on what you need to spend versus what you have saved if you retire at 55 and quote your

00:55portfolio is two million dollars and you need to take out a hundred thousand per year you'll run

01:00out of money when you're 84 assuming a six percent annual return but if you only needed 80,000 a year

01:06instead your income could last until age 96