WSJ Your Money Briefing
Want to Retire Before 65? Here’s What You Should Know
Apr 10, 2025
In this discussion, Wall Street Journal reporter Anne Tergesen shares insights on early retirement and its profound effects. She highlights a survey indicating a gap between ideal and actual retirement ages. Personal stories reveal the mix of aspirations and harsh realities, like burnout and ageism. Financial strategies for early retirees are explored, including the significance of working spouses and financial advisors. The importance of maintaining social connections post-retirement is also emphasized, showcasing how some combat isolation through new routines and community engagement.
10:20
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Quick takeaways
- Many Americans are retiring earlier than expected often due to burnout and changing workplace dynamics affecting their job satisfaction.
- Early retirement presents significant financial and social challenges, including the need for substantial savings and the risk of loneliness after leaving the workforce.
Deep dives
The Reality of Early Retirement
Many Americans envision retiring around the age of 65, but in practice, the median retirement age is closer to 62, highlighting a notable trend towards earlier retirements. This shift is often driven by various personal and professional factors, including burnout, ageism, and the desire for new experiences. Some individuals reported feeling pushed out of their roles due to changing management dynamics or increasing job pressures, leading them to leave at a younger age. Additionally, while some retirees find a fresh start in pursuing passions, others may find themselves forced into retirement, revealing both the aspirational and harsh realities of leaving the workforce early.
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