Retirement may seem out of the question these days with high inflation, a possible recession, soaring food prices, but for some older adults, hanging on to their job can cause more harm than good. Yes, money is still coming in, but at what price to your mental or physical health? Sometimes the writing is on the wall.

1. You’re disinterested in the job

Work should give you a sense of purpose in addition to a paycheck, but for many people who have been there and done it for decades, it’s lost its luster. If Sunday nights are the worst times in your life because you know you have to get up early Monday morning and go to that dreadful job, it may be a sign your job has run its course. 

2. Your health is suffering

Most people have plans for their golden years, whether it’s traveling the world, moving closer to the grandkids, kicking back at home or spending more time in your new hobby. Those plans cost money, but they also require decent health. If your health is suffering and you can afford to retire, now may be the time to make the leap. Why wait until you can’t enjoy the things you worked hard to save for?

3. You’re burned out

Whether your job is physically strenuous or requires a lot of brainpower, feeling burned out is a big reason older adults make the retirement leap. Working too much can cause stress, which can lead to all sorts of health issues, including an increased risk of hypertension, heart attack and stroke. Continuing to work is simply not worth it. 

4. You’ve saved enough for retirement

You may have mastered the three-legged stool of retirement. Social Security, employee pensions, and personal savings is the trio that provides a solid financial foundation for the senior years. So, if you have enough retirement funds (like in your 401k) and cash in the bank to live comfortably in retirement, you can probably hang it up. 

5. You have no debt

Having no debt nearing your retirement age is a desirable position to be in. It’s also a reason you can choose to finally retire. You don’t have to worry about a mortgage payment, credit card debt or other recurring bills eating away at your cash flow. This can give you peace of mind. That could be another reason to take the plunge into retirement. ​