Peter Morici: Thinking of early retirement? Stress test everything first

Youssef Loulidi/Getty Images for Qatar Tourism Authority
Put your retirement to the test before you retire.

With stocks trading near record levels and swelling retirement balances, no doubt many folks in their 50s and early 60s are considering, perhaps for the first time seriously, retirement. A few cautionary notes are in order.

Folks who keep working often live healthier lives — even the prospect of retirement can increase mortality. And you should stress test your venue, your retirement and income portfolios, and anticipated leisure pursuits. Retirement is like your first days at college—full of surprises.

With tuition and mortgages now paid, you may be daydreaming of endless fly fishing or needlepoint, and escaping winter snow or summer heat by moving to places where you now vacation.

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