Burns Estate Planning: Should you retire in 2025? [Video]

MOBILE, Ala. (WALA) – As we begin the year 2025, many people are starting to consider their retirement plans. Some are wondering if now is the perfect time to step away from the workforce, while others may have second thoughts. To break it down for us, financial advisor and CRC Chris Burns joined us in the studio. The stock market has been performing remarkably well in recent years. We asked Chris if 2025 be the perfect year for someone to retire based on market conditions?

Chris says, “Starting in 2025, retirees between the ages of 60 and 63 will be able to contribute more to their retirement accounts as part of the IRS’s new catch-up provisions. However, the key here is that these contributions can only be made if you continue working. So, for those who might be close to retirement but still want to boost their savings, working another year or …