- December 27, 2021
- Posted by: Bastion team
- Category: World News
New Year’s Eve numerals for 2022 arrive in New York’s Times Square on Dec. 20, 2021.
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The Covid-19 pandemic has forced many people to re-evaluate their relationships with work and careers.
The question many are asking, advisors say, is, “Can I retire earlier?”
People who wanted to retire at 65 now want to know whether they can do that at 60, Jenkin said. And those who planned to stop working at 60 now want to see if they can move that up to 55.
“I think people are telling themselves, ‘I can have millions and millions of dollars in the bank, but it doesn’t do me any good if I don’t have my health and use it to do the things I want to do,'” Jenkin said.
Sun said she’s had one client who retired very young — much earlier than his colleagues — and others can do it, too.
“I tell my clients, if you want to shave off 10 years pre-retirement, that means we really need to hustle now and find other ways to bring in income,” she said.
By picking up a side hustle or freelance work and living off the bare minimum, you can successfully move up your retirement timeline, Sun said. It is also essential that you’re investing for the long-term growth you will need.
“If you don’t want to make that sacrifice, then you’re going to have to work more years,”…