Early retirement is the dream for a lot of people. The thought of being able to call it quits and to start living life on your terms seems enticing. But usually it's an individuals financial situation that keeps them from getting to that point. Not having enough money saved to get you through a 50 to 60 year retirement is not uncommon. It's why people are forced to work into their 60's and 70's.
But what if this isn't your financial situation? What if you've done enough where an early retirement is possible? If that is the case, you're going to want to follow these 3 tips to make sure you are fully preparing yourself properly for early retirement.
Tip # 1: Creating absolute clarity about what early retirement will look like and cost.
Tip #2: Start mitigating the major risks you'll face financially when retiring early today.
Tip #3: Create an income source that can bridge the gap between early retirement and social security.