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As you head towards retirement, you’ve likely been saving diligently in your 401(k) and IRAs, and you may start to wonder when you can actually retire.

At REAP Financial, we conduct many analyses with our advisers to show people when they can comfortably retire. In many cases, we find people could have retired sooner than they thought!

In this article, we’ll go over five signs that you may not be quite ready to retire. Read all the way to the end to learn about the most overlooked point of building towards true success in retirement!

At REAP Financial, we have successfully guided families in Central Texas and across the United States through retirement for 16 years. When you’re preparing for retirement, there are metrics that obviously matter, such as your rate of return on investments, inflation, Social Security claiming strategy, and more. However, the most important number for a successful retirement is your budget.

When you’re working, you don’t have to worry about keeping a strict budget, but when you retire, it is very important to know your boundaries. Your budget provides the framework for what you can spend, since there’s only so much money at the end of the day.