Deciding on Early Retirement: Lining Up the Moving Parts

Oct 14

Retiring early has become much more popular over the last several years, as people reassess the value of continuing to work and weigh the benefits of exiting their careers. While the first question is about the size of your retirement savings fund and whether it’s possible – or advisable – to give up a few more years of income, there are other factors to keep in mind.

An effective retirement plan has a lot of moving parts to it, so it’s a good idea to think through the various decisions you need to make and be sure you are tracking on everything before you stop work.

Making the Decision – the Psychological Impact

Retirement is less a transition and more of a dramatic shift, because once you stop work everything else changes and you need to have a plan in place. Separating the decision into two parts can be a useful exercise.... ...