In this episode of the Washington Retirement Planning Podcast, Ethan breaks down 4 powerful ways to secure guaranteed retirement income for life, including state pensions, Social Security, and annuities.Then, the conversation shifts to the most important factors to consider when deciding between retiring early or waiting for full retirement benefits. From the financial math behind pension penalties to real-life healthcare costs and emotional readiness, this episode is packed with insights for public employees planning their next chapter.Whether you're a few years out from retirement or just getting started, this episode will help you make informed decisions with confidence.00:00 – Intro & Episode Overview01:15 – 4 Ways to Get Guaranteed Income in Retirement02:18 – Option 1: Social Security04:21 – Option 2: Defined Benefit Plans (State Pensions)05:17 – Option 3: Immediate Annuities05:50 – Option 4: Income Rider Annuities07:44 – Should You Retire Early or Wait for Full Pension Benefits?08:10 – Break-even Analysis for Early vs. Full Retirement10:41 – What About Healthcare After You Retire?13:06 – Social Security Timing & Early Retirement13:52 – Understanding Your Income Sources14:43 – Budgeting & Lifestyle Expectations17:32 – Longevity Risk & Health Considerations19:16 – Emotional Side of Retirement20:30 – Final Thoughts & Retirement Planning SupportLinks:Free Washington Retirement Planning Community⁠⁠⁠Plan 3 Investment Advice⁠⁠Schedule Meeting⁠More free resources at ⁠WATRSPERS.com⁠

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