My Smart Retirement

With the new year comes fresh starts. Maybe you are thinking of changing careers or retiring early. A recent Forbes article names the rise in people quitting their jobs the “The Great Resignation.”  On today’s episode, we’ll explain this term and what it can mean for your retirement.  4.2 million people quit their jobs in October of 2021 alone. A lot of workers were able to re-evaluate their working lives these past few years. Many don’t want to commute back to the office. People are starting to value new priorities when it comes to working. If they are forced with the choice, many are choosing to retire early rather than return to the office.  Social Security Impacts  Whether you are changing jobs or retiring early you should think about how it will impact your Social Security. If you spend time unemployed that’s money you are not putting into Social Security. This can impact how they calculate your payments later on. Develop a plan to cover this income loss if you need to.  401(k) Impacts A significant amou