8th Oct 2015
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Are you ready to retire early?
Are you ready to retire early?

Early retirement is the dream held by many, but realised by few. Being able to save enough money to fund a standard length retirement is difficult, but finding the money for a few extra years makes early retirement near on impossible.

If you just can’t work another day, here are five signs that you may be ready to retire early.

1. Emotionally you’ve already checked out of work. You’ve lost focus, and spending time with family, or doing things that you enjoy, are infinitely more satisfying than pursuing your career. Usually, it’s all about a work-life balance, but sometimes the scales tip too far to be redressed.

2. You’ve created a retirement budget and have managed to stick to it rigidly. This shows you are determined to give work the flick and are happy to make the financial sacrifices necessary to achieve a more leisurely lifestyle.

3. You have no real financial drain. Your children are financially independent, your home loan is paid off and your personal debt is minimal. The only reason to keep working is because you enjoy it, so if this isn’t the case, it’s time to look for a way out.

4. Investments can go up and down, but if your financial portfolio is well balanced and can withstand losses, then you’re in good shape to retire early. Before making any decisions, check with your financial advisor how you can make the most of your nest egg.

5. Sometimes life is just too short. Poor health or the loss of someone close can make you re-evaluate your life and the amount of time you spend at work. At the end of the day, only you and your family can make the decision of when the time is right.





    COMMENTS

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    Farside
    6th Mar 2017
    2:04pm
    Life circumstances as above - people Fred (58) and Jane (61) tick the boxes and want to retire early rather than work to 70 or 75. Assume both are single, have modest superannuation balance of say $500,000, other assets of $50,000, homeowner ($800,000) and no debt. They want to live comfortably to 85.

    What are some strategies for them to take early retirement?
    johnbishop
    29th Mar 2017
    11:43pm
    Making a retirement budget plan should be a priority but making it by your own is a foolish move. You are not an expert so you cannot make it by your own. Easiest way is to approach any expert likewise I do by approaching assignment writers I gave them all the reasons why I was thinking to retire and what I wish to do after that. They prepared a mind blowing plan and strategies for my future. Now, I am happily retired and running a small business online and giving my time to my family members.

    12th Jul 2017
    8:15pm
    I gave them all the reasons why I was thinking to retire and what I wish to do after that.
    http://smallbusiness.eu.org/what-you-can-get-online.html
    https://www.minds.com/blog/view/710053559919452176
    https://www.utest.com/articles/take-a-serious-step-to-stop-unsolicited-mail
    http://www.witchhunteronline.com/top-5-famous-cities-of-us/
    https://onmogul.com/stories/how-to-get-rid-of-oily-hairs-home-remedies
    https://tackk.com/rkvd9v

    12th Jul 2017
    8:15pm
    I gave them all the reasons why I was thinking to retire and what I wish to do after that.
    http://smallbusiness.eu.org/what-you-can-get-online.html
    https://www.minds.com/blog/view/710053559919452176
    https://www.utest.com/articles/take-a-serious-step-to-stop-unsolicited-mail
    http://www.witchhunteronline.com/top-5-famous-cities-of-us/
    https://onmogul.com/stories/how-to-get-rid-of-oily-hairs-home-remedies
    https://tackk.com/rkvd9v
    danielking89
    29th Jul 2017
    7:57pm
    How to make a retirement budget its a very great topic to debate on because 80% peoples or may be 90% peoples didn't plan their retirement budget which is wrong according to buy assignment online writers. You have to plan about your future and make your future secure.


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