Phil’s Tax Hacks

Ep 116: How “The Great Resignation” Could Impact You

January 6, 2022

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