You may feel emotionally ready to retire, but it’s important that you make sure that you’re financially ready for it, as well. You can’t predict precisely what your expenses will be later in your life, but knowing what your lifestyle costs now is essential to determining whether you are financially ready to retire early. Before you decide whether you’re ready to retire early, take the time to sit down and really understand your living expenses. While you’re still employed, you may have an opportunity to save more or begin to spend less in a way that will help ensure you’re ready to retire early. When in Doubt, Find HelpThere are many considerations when deciding if you’re ready to retire early, and I’ve only outlined a few of the most important here.

Source: Forbes May 31, 2021 15:22 UTC