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What's the other effect of early retirement
The primary reason to consider retiring early is that you do not know how long you will live or how long you will remain relatively healthy and active. Many people end up retiring early not because they want to but because they have to, due to a job loss or a health problem or because they had to caRead more
The primary reason to consider retiring early is that you do not know how long you will live or how long you will remain relatively healthy and active. Many people end up retiring early not because they want to but because they have to, due to a job loss or a health problem or because they had to care for others. If you retire too early lets say, before earning a paycheck for at least 35 years, you’ll receive less Social Security. That’s the downside to early retirement. By retiring early, you’ll also miss out on the chance to claim delayed retirement credits.
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