When Can You Choose Retirement?

If you’re like most people, your work has been a central part of your life. So, wouldn’t it be nice to have the flexibility to decide when you no longer want to work?

Many people of retirement age have achieved this type of control. In fact, two-thirds of workers ages 65 and older say they work primarily because they want to, not because they have to, according to a 2021 study by Edward Jones and Age Wave. But that means that one-third of workers in this age group feel financially compelled to work. This doesn’t necessarily mean they dislike the work they do — but it’s probably fair to say they would have liked the option of not working. How can you give yourself this choice?

You can start by asking yourself these questions:

• When do I want to retire? You’ll want to identify the age at which you wish to retire. You may change your mind later and move this date up or back, but it’s a good idea to have a target in mind.
• What sort of retirement lifestyle do I want? When you retire, do you anticipate staying close to home and pursuing your hobbies, or do you hope to travel the world? Would you like to spend your time volunteering? Open your own business or do some consulting? Clearly, some of these choices will require more resources than others, so you’ll want to follow a financial strategy that aligns with the retirement lifestyle you intend to pursue.
• Am I saving and investing enough? As you chart your course toward your retirement journey, you’ll want to assess the sources of income you’ll have available. If you think you may be falling short of achieving your retirement goals, you may need to consider saving more.
• When should I start taking Social Security? You can begin collecting Social Security benefits as early as 62, but your monthly payments will be much bigger if you wait until your “full” retirement age, which will likely be between 66 and 67. Your decision about when to take Social Security will depend on several factors, including your other sources of income and your family history of longevity. Of course, as you’re probably aware, the Social Security system is facing significant financial stress, so it’s possible that we may see changes to Social Security, based on actions Congress could take. In any case, you might want to be fairly conservative in estimating how much Social Security can contribute to your retirement income. 

By addressing the above questions, you can get a clearer sense of when you might reach the point at which work is optional. But you’ll also need to consider other factors, too, such as how much you enjoy working or when your spouse or partner is planning to retire. In any case, the sooner you start planning for this next phase of your life, the better position you’ll be in when it’s time to make the transition.

This article was written by Edward Jones for use by your local Edward Jones financial advisor. Courtesy of Rob Adams, 71 Main Street, North Adams, MA 01247, 413-664-9253.. Edward Jones, its employees and financial advisors cannot provide tax or legal advice. You should consult your attorney or qualified tax advisor regarding your situation. For more information, see This article was written by Edward Jones for use by your local Edward Jones financial advisor. Courtesy of Rob Adams, 71 Main Street, North Adams, MA 01247, 413-664-9253.. Edward Jones, its employees and financial advisors cannot provide tax or legal advice. You should consult your attorney or qualified tax advisor regarding your situation. For more information go to www.edwardjones.com/rob-adams.

Clarksburg School Pressed to Find More Savings for Fiscal 2027

By Tammy DanielsiBerkshires Staff
05:12PM / Tuesday, April 07, 2026

Clarksburg Town Administrator Ronald Boucher says the town's ability to levy more taxes is severely limited and he doesn't want to go to an override vote. 

CLARKSBURG, Mass. — School officials are looking at the elimination of three teaching assistants, prekindergarten for 3-year-olds and a two part-time positions to reduce the fiscal 2027 budget. 

 

Business Manager Jordan Rennell on Thursday went through the latest draft of the budget during a joint meeting of the School Committee, Select Board and Finance Committee, explaining the figures behind a projected spending plan of $3,299,206, up $213,563 or 6.92 percent over this year. 

 

"This budget reflects what has changed since March, when I showed you a 6.8 [percent]," said Rennell to a packed classroom of residents and teachers. "Unfortunately, it went to 6.9 [percent]."

 

Rennell, who's new in the position, explained before she could even begin comparing this year's and next year's budget, there was a $151,000 difference "between what we voted on and what we needed to survive."

 

The bulk of that was employee health insurance, which has become a major factor in school and municipal budgets across the state. 

 

"I took those true numbers from FY26 and I dumped them into FY27 and if we kept everything the same, every program, every teacher, every TA, the same our bottom line budget would increase 11.2 percent," she said. "Between the collaborative work between the town and the principal and Superintendent [John] Franzoni and all of the pieces of the puzzle, we were able to make some hard, gut-wrenching cuts that got us to that 6.9 percent."

 

That includes Rennell's former position as the preK 3 teacher, the three assistants, a 0.2 speech position and a 0.2 occupational therapy assistant.