Retire at 62 Without Worrying About Money [It’s About Value]

We know that people want to retire, but are worried about money. We retired early and think you can do that as well with Just-in-Time Retirement – an innovative retirement lifestyle plan we started based on our experience. With the tips we offer, you have the freedom to devise a lifestyle to fit your needs. It doesn’t cost anything except the discipline to try it. But you will need to determine what you value.

WHAT IS JUST-IN-TIME RETIREMENT?

Just-in-Time Retirement is a continuous improvement lifestyle plan based on respected business principles. It’s value-driven, and the way that Rebel Retiree and I have lived our lives. It’s a great way to retire earlier instead of later. We retired from full-time work at 50. It’s worked well for us. And we think it will work for you, too.

Just-in-Time Retirement can help you retire at 62, regardless of your financial situation. The method makes the most of your time and money by eliminating waste as a way to fund your retirement.

The goal of this article is to give you valuable insights for your journey towards retirement at 62. It was purposefully designed to provide basic fundamentals to achieve the goal of retiring at 62 without worrying about money. However, the other articles mentioned should be read to achieve full clarity of how the method works.

At the end of this article, you’ll find a link to our FREE Just-in-Time Retirement series so you can delve deeper into the principles.

Consider these recommendations. 

• Make sure your spouse is on board with this plan. They need to understand and support your decision. 
• Conquer retirement peer pressure and ignore the influence of friends and family who don’t know what’s best for you.
• Make peace with money and learn to let it flow. We’ve all been conditioned to think certain ways about money, and it hasn’t always been good.
• Be independent and chart your own course.

Next up are 5 keys to retiring at 62. Please follow the links as they provide important information for success.

Also, take time to understand the material, as this will be critical to your success. The steps are logical, but you have to have the courage to follow them. 

5 STEPS FOR SUCCESS IF YOU WANT TO RETIRE AT 62.

The average age of retirement is 62, according to the Social Security Administration. If you want to retire at 62 but are worried about your financial future, the following 5 tips can help you achieve that goal. 

Disclosure: This article contains Amazon affiliate links to products we recommend. If you click through and make a purchase through these links, we’ll get a small commission, but you won’t pay any extra. Thank you!

1. Be Self-Reliant

A self-reliant individual is an independent thinker who confidently makes decisions without being swayed by peer pressure. This mindset allows them to take charge of their own lives and develop a sense of autonomy. Self-reliance goes beyond making choices; it involves self-awareness, resilience, and the courage to pursue personal goals regardless of societal expectations.

It’s important to distinguish self-reliance from self-sufficiency. While self-sufficiency focuses on meeting one’s basic needs, self-reliance emphasizes initiative, resourcefulness, and continuous learning. A self-reliant person actively seeks opportunities and solutions rather than waiting for external support.

Embracing self-reliance is especially crucial for achieving a successful retirement, particularly for those who plan to retire at 62 with limited funds. By being proactive in planning, budgeting, and creating sustainable lifestyles, self-reliant individuals can navigate financial constraints and lead fulfilling lives on their own terms.

Read: What is a Self-Reliant Retiree?

2. Get Out of Debt

It’s vital to prioritize getting out of debt and living on a cash basis, especially as we look toward retirement. When Rebel Retiree and I made the decision to retire in the beautiful Northwest, we both agreed that we never wanted to carry debt again. Debt had a way of weighing us down and casting a shadow over our lives, making us feel anxious and overwhelmed. 

Now, living without that financial burden has transformed our daily experience. We can enjoy our retirement without the constant worry of meeting payment deadlines or the stress that comes from accumulating debt. The peace of mind we’ve gained is invaluable; it allows us to focus on what truly matters, spending quality time together, exploring our surroundings, and enjoying life to the fullest.

If you’re contemplating retirement, especially with limited funds, it’s critical to address any existing debt beforehand. Paying off your debts now can set the stage for a more enjoyable and stress-free retirement. By freeing yourself from the chains of debt, you create a more secure financial future and gain the freedom to live your retirement years with confidence and joy.

Read: What is it Like to be Debt-Free? 8 Traits of a Debt-Free Retiree

3. Take Charge of Your Health

Maintaining good health is often more valuable than accumulating wealth, especially as you plan for retirement at 62 with limited financial resources. To avoid costly medical expenses, it’s essential to adopt a healthy lifestyle. Regular exercise, whether through daily walks, fitness classes, or sports, enhances overall well-being, boosts energy, and improves mood. 

Eating a balanced diet rich in fruits, vegetables, whole grains, and lean proteins nourishes your body and helps prevent illnesses. Avoiding smoking and minimizing medication use are also crucial for long-term health, as they significantly reduce the risk of chronic diseases that can lead to high medical costs. 

By prioritizing these habits now, you can enjoy a happier, more secure retirement without the added financial burden of healthcare expenses.

Read: Plan Now to Have a Happy, Healthy Retirement

4. Determine What You Value

Confronting your ego is essential for creating a retirement experience that aligns with your true values, rather than being driven by fear and societal pressures. Many people dream of retiring at a certain age, like 62, but often find themselves hindered by doubts and “what ifs.” 

To overcome these mental barriers, identify what truly matters to you. While necessities are important, reflect on what adds value to your life. You may find you no longer need a boat, a summer home, expensive cars, etc.

By clarifying your values, you can evaluate your financial decisions more wisely. Determine where you’re overspending to impress others, and redirect those resources toward what fulfills you. Embracing your values allows you to build a meaningful retirement plan that reflects who you are, free from the need for external validation.

Read: How Much Money Should You Have to Retire? Try Value-Based Retirement

5. Work Part-Time or Build an Income Stream

You’ll often hear people say that you’re not truly retired if you choose to work part-time. This perspective usually comes from those who feel they have all the answers, and it can come across as rather dismissive. While retirement is technically defined as the point at which someone ceases to work entirely, the reality is that many individuals find joy and fulfillment in engaging in various forms of work post-retirement—whether it’s part-time positions, consulting, or even managing their own investment portfolios. 

If you’re contemplating retirement at 62 with limited financial resources, it’s worth considering ways to supplement your Social Security checks. A part-time job can not only provide extra income but can also help you stay socially engaged and maintain a sense of purpose. Better yet, if you’re feeling adventurous, why not reinvent yourself? Embrace the opportunity to put on your entrepreneurial hat and create a sustainable income stream. The beauty of this stage in life is that it’s never too late to embark on a new journey, whether it involves pursuing a passion, starting a small business, or exploring freelance opportunities. A proactive approach can lead to a fulfilling retirement that balances leisure with meaningful engagement.

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(Rebel Retirement is an affiliate and will receive a commission if you purchase the course)

Conclusion 

Statistically, most people do not have enough money to retire at 62. However, it is still possible to retire at that age with limited funds by using the Just-in-Time Retirement strategy and the determination to make it work. Visit this page for the FREE Just-in-Time series.

Note: This article was written with the intention of giving a list of potential possibilities for retiring early. It’s important to follow the links for the best outcome.

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Last updated: 03/17/23

Other Articles You May Like:

• Are You Afraid to Retire? If You Are, You Must Conquer Peer Pressure
• How to Solve the Poverty Consciousness Trap in Retirement
• Just-in-Time Retirement
• Yes! Retire at 62 and Work Part-Time 

Do you want to retire at 62, but have little money? Please feel free to comment below! And before you go, please take a moment to subscribe to our newsletter and like us on Facebook!