Wednesday, September 14, 2005
How to Retire Early
If you retire at 50, you'll have at least 12 years until you can begin collecting Social Security, and if you start at the earliest possible age, 62, you'll get a much smaller benefit than if you hold off until full retirement age.
This means you're going to be depending on your investment portfolio a lot longer than if you retire at a more traditional 65 or so. Indeed, in addition to starting early, you must also plan for the fact that people are living a lot longer these days. The odds of living to age 90, 95 or 100 are a lot higher than many people think. So if you retire at 50, you could be drawing on your savings for 40 years or longer.
How to Retire Early
Source: Insurancenewsnet
This means you're going to be depending on your investment portfolio a lot longer than if you retire at a more traditional 65 or so. Indeed, in addition to starting early, you must also plan for the fact that people are living a lot longer these days. The odds of living to age 90, 95 or 100 are a lot higher than many people think. So if you retire at 50, you could be drawing on your savings for 40 years or longer.
How to Retire Early
Source: Insurancenewsnet
Permalink posted by armandn @ 7:09 AM 
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