Thinking about Retiring in 2022? Reasons to Reconsider

Anyone older than 50 has probably thought about what it will be like to retire. Most people work hard all their adult lives and look forward to retirement. Given the last two years of dealing with uncertainty brought on by various aspects of life — the pandemic, economic instability, social unrest, political upheaval, stress, etc. — it’s not surprising that more people may be looking to retire sooner rather than later. Some may even be in count-down mode. If you’re one of those who may be thinking about retiring in 2022, there are factors to consider before making the final move towards retirement. You may not be living a life of luxury and extravagance now, but when you retire, you’ll want to be able to live comfortably. No one wants to constantly worry about paying their monthly bills or be faced with choosing between buying food or medicine when they retire. These are real concerns for some people. The author of this article believes that 2022 could be an awful time to bring your career to an end and offers three reasons for this conviction. First, of course, you may want to consult a financial planner (if you haven’t already) before you give final notice. Whatever you decide, the article admonishes us to make sure we recognize the drawbacks of retiring in the coming year, so we don’t regret our decision afterward.