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Home» Questions»Q 86354
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Finance Questions, Loans, Insurance & Investment Advice Latest Questions

yusra
yusraTrusted Adviser
Asked: September 6, 20232023-09-06T02:30:46+00:00 2023-09-06T02:30:46+00:00In: Money & Business

What are your thoughts on retiring early?

Retiring early can seem tempting for those seeking more free time, but does quitting work too young pose risks like healthcare costs or boredom? What is your perspective on the pros and cons of early retirement and what factors are most important when considering leaving the workforce early?

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2 Answers

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  1. Mike Smith
    Mike Smith Knowledge Seeker
    2023-09-06T06:11:49+00:00Added an answer on September 6, 2023 at 6:11 am

    There is absolutely nothing wrong for an individual to retire early from his job, there are other things more interesting in this life that many individuals wish to try out but for the meantime they are endearing to do so because they have a job and they have to work to put food on their table but aRead more

    There is absolutely nothing wrong for an individual to retire early from his job, there are other things more interesting in this life that many individuals wish to try out but for the meantime they are endearing to do so because they have a job and they have to work to put food on their table but after retirement there want to try out all these things. Some of these activities include vacation, eating in an inexpensive restaurants, going for different adventures or visiting various part of the country with good and attractive tourism sites. Many individuals retire early to enjoy all those listed above, are there possibility to retire early depends of how much money they have accumulated and how far their financial investment must have paid off.

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  2. Augusta
    Augusta Enlightened Mentor
    2023-09-06T04:42:28+00:00Added an answer on September 6, 2023 at 4:42 am

    I'm no advocate of early retirement even if one want to travel the world over you still need to put in enough time at work first. Retiring early to me should be around age 60-65 years not when one is still in the 40s or 60s. You need good money also to enjoy your retirement. You can't do this with jRead more

    I’m no advocate of early retirement even if one want to travel the world over you still need to put in enough time at work first. Retiring early to me should be around age 60-65 years not when one is still in the 40s or 60s. You need good money also to enjoy your retirement. You can’t do this with just the little money you saved over just few years

    So yes it is good to retire early so that you can enjoy other things life have got to offer but make sure it is at the legally stipulated age which isn’t too early so that you don’t live the rest of your life in regret or boredom.

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