Symbol Stock Price change today
HSKA Heska Corporation 13.18%
PCLN The Priceline Group Inc. 5.64%
DPZ Domino’s Pizza Inc Common Stock 2.37%
STZ Constellation Brands Inc. Comm 0.64%
SAM Boston Beer Company Inc. (The) 0.63%
ALGN Align Technology Inc. 0.49%
COF Capital One Financial Corporati 0.21%
SBUX Starbucks Corporation 0.16%
REGN Regeneron Pharmaceuticals Inc. 0.12%
LNCE Snyder’s-Lance Inc. 0.05%
AAPL Apple Inc. 0.04%
ABMD ABIOMED Inc. 0.03%
MRK Merck & Company Inc. Common St 0.03%
MIDD The Middleby Corporation -0.21%
CVCO Cavco Industries Inc. -0.29%
EXR Extra Space Storage Inc Common -0.40%
MET MetLife Inc. Common Stock -0.42%
AMZN Amazon.com Inc. -0.42%
SUI Sun Communities Inc. Common St -0.48%
TMO Thermo Fisher Scientific Inc Co -0.50%
GOOGL Alphabet Inc. -0.56%
AMAT Applied Materials Inc. -0.58%
FB Facebook Inc. -0.64%
EW Edwards Lifesciences Corporatio -0.65%
BABA Alibaba Group Holding Limited A -0.68%
ALXN Alexion Pharmaceuticals Inc. -0.72%
GWR Genesee & Wyoming Inc. Class A -0.75%
ULTA Ulta Beauty Inc. -0.82%
SWKS Skyworks Solutions Inc. -0.86%
MCK McKesson Corporation Common Sto -0.87%
NFLX Netflix Inc. -0.89%
BWLD Buffalo Wild Wings Inc. -0.93%
HOG Harley-Davidson Inc. Common St -1.12%
HZO MarineMax Inc. (FL) Common St -1.32%
AZPN Aspen Technology Inc. -1.46%
MNST Monster Beverage Corporation -1.54%
LULU lululemon athletica inc. -1.76%
MEI Methode Electronics Inc. Commo -1.89%
GTN Gray Communications Systems In -2.16%
HDSN Hudson Technologies Inc. -2.19%
THRM Gentherm Inc -2.42%
NVDA NVIDIA Corporation -2.81%
CRUS Cirrus Logic Inc. -2.89%
TRN Trinity Industries Inc. Common -3.03%
UA Under Armour Inc. Class C Comm -3.73%
AYI Acuity Brands Inc (Holding Comp -3.88%
CBPO China Biologic Products Inc. -8.97%

When should you retire? Use these three rules as a guide to select your optimal retirement age.

1. Know what you’ll do after you retire

Probably the most important step in determining when you should retire is figuring out what you want to do after you retire. The bottom line is that you could become bored if you don’t have plans for what you’ll do during your retirement years. It could be that playing golf or traveling will be enough to keep you happy and active. However, many retirees go back to work in some capacity — not because they have to, but because they want to.

Merrill Lynch surveyed working retirees in 2014. Four-fifths of them chose to work even though they didn’t have to do so. The top reason they cited for continuing to work was “to stay mentally active.” The second-highest response was “to stay physically active.”

Volunteering with non-profit groups is another great option for many retirees. The important thing is to remain physically and mentally active, which has been proven time and again to be essential to retirees’ happiness.

2. Make sure you know you can afford to retire

You need to ensure your financial resources will be able to support you during retirement, regardless of when you decide to retire. For some, money will decide their retirement age for them.

There are a couple of general rules of thumb to keep in mind.

  • First, you’ll probably need about 80% of your current income to maintain the same standard of living in retirement.
  • Second, you should only withdraw about 4-8% of your retirement nest egg each year to avoid running out of money. If you have read my whitepaper Retire in Luxury, you know that you can withdraw more if you invest wisely in the market. However, if you foolishly only invest in “safe” vehicles then you will have to withdraw on the lower end of the range.

Social Security will be a major source of retirement income for most Americans. If you wait until your Social Security-mandated full retirement age (between 66 and 67, depending on when you were born), you’ll receive full benefits. However, you can receive reduced benefits as early as age 62 — or you can wait as late as age 70 to enjoy increased benefits.

Also include all other potential sources of retirement income in your financial calculations, such as pensions, individual retirement accounts (IRAs), and 401(k) plans. Keep in mind that these sources have their own rules governing when you can make withdrawals without penalties. For example, IRA withdrawals prior to age 59-1/2 are usually subject to a 10% penalty.

3. Factor your health into the decision

There are at least a couple of important reasons to factor your health into the decision about when you’ll retire. First is the financial impact. Fidelity estimates that a 65-year-old couple retiring now will spend $245,000 on healthcare during a 20-year retirement. And that doesn’t include long-term care expenses, which can be enormous.

If you retire before age 65, your healthcare expenses will be even higher. That’s because you’ll probably have to pay for health insurance totally on your own unless your employer provides coverage for retirees. At age 65, you can enroll in Medicare — for now, though there’s a possibility that the Medicare age could be gradually raised over time to help keep the program solvent.

Second, you may be forced to retire earlier than you’d like because of health issues. An Employee Benefit Research Institute (EBRI) survey found that 46% of retirees in 2016 retired earlier than expected. Over half of those individuals retired early due to health problems or disability. Even if you don’t currently have health problems, delaying retirement for too long could be problematic if your job takes a toll on your body.

Source: 3 rules for picking the perfect retirement age – Feb. 24, 2017

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As an example of the success that my book teaches, in a 7 year time frame from January 3, 2006 to December 31, 2012, Decker Corporation increased 304.7% if you would have implemented a pure buy-and-hold strategy. If you would implemented the strategy that I explain in my book, The Confident Investor, you would have seen a 371.2% return on your investment. This is a 21.8% increase on the profit percentage.

Can your investment system beat the market by that much?

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You can purchase my book wherever books are sold such as AmazonBarnes and Noble, and Books A Million. It is available in paperback as well as e-book formats for NookKindle, and iPad

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[s2If current_user_can(access_s2member_level1)]Thank you for being a registered book owner. Please remember that the below indicators should NOT be considered signals for you to invest in or sell any of these stocks. Rather, you should double check all analysis and understand that the decision to invest in or sell one of these stocks is purely your own. This information is purely provided for educational purposes.

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