Millions of people are leaving their jobs. They are pausing work, retiring early, or changing career paths. What is “The Great Resignation” and how could it impact your retirement plan?
Read more and get additional financial information: https://philstaxhacks.com/podcast/ep-116-how-the-great-resignation-could-impact-you/
Check out the Forbes article: https://www.forbes.com/advisor/retirement/great-resignation/
What we discuss today:
0:29 – Welcome to 2022!
1:05 – “The Great Resignation” article
2:05 – 4.2 million people quit
2:52 – Has Phil had any clients retire early?
4:41 – Taking a break from Social Security
7:07 – Is a 401(k) a rainy-day fund?
8:39 – Taking a loan out against your 401(k)
10:18 – Taking your 401(k) with you
13:33 – Things to consider if you retire early
Ep 54: Do You Need a Trust?
Ep 53: This One is On The House
Ep 52: Are These Financial Rules Legit?
Ep 51: Simple Mistakes That Could Ruin Retirement
Ep 50: The Financial Risks to Living Longer
Ep 49: Building Your Financial House
Ep 48: Financial Planning Following the Loss of a Spouse
Ep 47: Classic Pre-Retiree Mistakes to Avoid
Ep 46: Survival Guide - Preparing for the Next Market Crash
Ep 45: Investing Like a Genius
Ep 44: Do You Say One Thing Then Do Another?
Ep 43: 4 Financial Pre-Retirement Milestones
Ep 42: Traditional IRA vs. Roth IRA
Ep 41: Should You Follow Dave Ramsey’s Advice?
Ep 40: Critical Retirement Planning Mistakes
Ep 39: Financial Terms You Should Know During A Pandemic
Ep 38: Playing the Financial Crossword Puzzle
Ep 37: Best Intentions But Bad Advice?
Ep 36: Financial Truths You Can Depend On
Ep 35: Should You Take Money Out of Retirement Accounts While It's Penalty-Free?
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