{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"Hey, Can I Retire Now? ","description":"In this episode of Inside the Plan with the 401(k) Brothers, Bill Bush and Andy Bush, advisors at Horizon Financial Group, address a question that often comes up when they are working with their clients, can I retire now? In many cases, this involves early retire. Bill and Andy offer tips on how to prepare for making this pivotal financial decision.   Episode Highlights:   0:49 \u2013 Customers often ask Bill Bush and Andy Bush about whether or not                        they can retire early. 1:30 \u2013 What is the number one thing to think about when thinking                        about retiring now?  3:32 \u2013 One of the common mistakes people make is filing their social                        security too early.   4:20 \u2013 What happens if you take on a new job after retirement? 5:03 \u2013 If you retire too early you have less time to save money. 6:00 \u2013 How early can you access your 401(k)? 7:12 \u2013 You might need to withdraw less money so that you don\u2019t run out                        during retirement.   8:18 \u2013 What do statistics says about withdrawing 4-5% against a 60% stock                        portfolio and a 40% bond portfolio with a 6-7% return? 9:34 \u2013 Healthcare is an expense that increases as you get older. 10:41 \u2013 If you have an HSA, make tax-free contributions but don\u2019t use                          them.   12:20 \u2013 Have your house paid off before you retire. 13:02 \u2013 What happens when you retire early and you get bored?   3 Key Points:   The full social security age is 67. 40% of working people tend to file their Social Security early at age 62. There is a 50% chance of a married couple that is 65 that one of them lives to be 90.   Tweetable Quotes: \u201cIf you are retiring early, at say 62, which is early by the way when it comes to social security, what it means is a reduced income from social security and it is pretty much locking that in.\u201d \u2013 Andy Bush. \u201cLet\u2019s say you do retire, you take social security at 62, but then for whatever reason you get a job. Now you are making income. Now there is that income test that kicks in and you could actually further reduce your payout.\u201d \u2013 Bill Bush. \u201cIf you do have to access 401(k) IRA, 59 \u00bd is your magic number.\u201d \u2013 Bill Bush.     Resources Mentioned: Inside The Plan with the 401(k) Brothers-- Discover more about the Podcast Horizon Financial Group   Contact Information: bbush@horizonfg.com Abush@horizonfg.com   ","author_name":"Inside The Plan With The 401(k) Brothers","author_url":"https:\/\/www.horizonfg.com","html":"