Tom Toggas provides six tips for determining when to retire, emphasizing the importance of emotional readiness and excitement for retirement. Key considerations include having a long-term budget, secured healthcare coverage, cleared debts, financially independent children, and a robust investment portfolio. These factors collectively help ensure a smooth transition to the next phase of life.

1. retire
How To Know It Is Time To
Tom Toggas shares 6 tips to help identify
the best time to being the next phase of
your professional life.

2. You are emotionally prepared and
excited to retire.

3. You have followed a long-term
retirement budget.

4. You have confirmed and cemented
your healthcare coverage.

5. You have resolved all your
outstanding debts.

6. You are confident your children
are financially independent.

7. Your portfolio is diverse and considerable
enough to withstand a loss.