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Think you’re all set for retirement because you’ve rung up a hefty nest egg? Think again! Danny Gudorf points out that many folks with “enough” saved still drag their feet when it’s time to clock out—thanks to arbitrary rules of thumb and nagging doubts.

He breaks down the three sneaky reasons we stall, then dishes out five practical moves to flip the switch from “saving more” to “earning smarter.” Tailor these ideas to your life, and you’ll be sipping piña coladas in retirement way sooner than you thought.

Takeaways

• Many people with substantial savings are delaying retirement due to misconceptions.
• The median retirement account balance for people in their 50s is just $185,000.
• Most Americans believe they need $1.8 million to retire comfortably.
• One more year syndrome often turns into five or ten more years.
• It's not too late to catch up on retirement savings.
• Successful retirees focus on income sources rather than arbitrary savings targets.
• Knowing your exact income needs is crucial for retirement planning.
• Identifying guaranteed income sources can alleviate retirement anxiety.
• Stress testing your portfolio helps prepare for market downturns.
• Retirement readiness is highly personal and should be tailored to individual circumstances.

Resources:

• Gudorf Financial Group
• Get Your Free Retirement Assessment
• The Retire Ready Toolkit (free resource)
• Subscribe on Youtube