Early retirement refers to the practice of retiring from work before the age at which one is eligible to receive full retirement benefits. This is typically earlier than the age of 65, which is the age at which most people become eligible for Social Security benefits in the United States.
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Hey folks, it's 2023! I hope everyone had a great time with friends and family over the holidays, and rang in the New Year in style! We had a very busy December. We were vacationing in Portugal duri...
Hint: It’s a little different than the usual retirement planning. When you want to retire early, there are a few extra considerations you need to think through....
It's always fun to unearth some esoteric piece of personal-finance history. I know there are only a few nerds out there who care (hello, Grant Sabatier!), but those of us who care really care. Two yea...
For those thinking about retiring early, taking a long sabbatical, or doing something completely new, this article is for you....
I’m 41 years old and retired. Here's how I became confident enough to join the "Great Resignation" and resign....
The common definition of early retirement is any age before 65—that's when you qualify for Medicare benefits. Learn more about early retirement here....
Having both current income and an investment portfolio makes you financially more secure. That's the smart way to do FIRE....
Retiring early means lower average earnings for calculating Social Security benefits. However, once you reach the second bend point, you aren't losing much. I show you how to see when you will reach t...
It has been more than a month now since I early retired from MegaCorp and adopted my new life of leisure. It feels like I am still "skipping school" and am expected to go back to work at some point....
Early retirement is expensive when you include the opportunity cost. It's the opposite of frugality....
Health insurance is a big, incremental expense for people hoping to retire early from corporate life. Understanding our options and the costs has been an important focus for us as we've plotted...
I had a great day at work this past Friday. There wasn't anything especially amazing about it, but it was a truly enjoyable day. Good conversation, meaty strategic work, and a fair amount of horsi...
Schedule a Free Financial Assessment with an experienced professional: https://bit.ly/YMYWassessC Joe Anderson, CFP® and Big Al Clopine, CPA spitball for three people planning for early retirement and...
Geographic Arbitrage is the most underrated risk-management tool in early retirement, and could help you shave years off your FI journey! Read more → The post Your ZIP Code Is a Bigger FIRE Lever Than...
Italy lets workers retire after 40 years on the job. That's not early retirement — it's retirement justice. America should learn from it.
I recently saw this Reddit post about a man who retired early (FIRE) only to be called a “loser” by his wife ... Read more
Should Al and Peggy in Illinois keep hammering pre-tax retirement savings or should they pivot to post-tax Roth for better tax diversification? Which pension option is best for their early retirement ...
We check in on some champions of early retirement nearing their own finish line of financial independence. The post How are FIRE adherents making out? appeared first on MoneySense.
One of the issues we frugal people despise is going through buyer’s remorse. We don't want to feel stupid or ripped off, so we tend to buy fewer things and experiences. Minimalism and early retirement...
Saving into Roth instead of traditional accounts to bring down required minimum distributions in retirement, and whether retiring early is in the cards: that's today on Your Money, Your Wealth® podcas...
Hello. I (59F) have been trying to plan to retire early-ish for years. I would like to very much soon. I have tried to make my plans generally as fitting the circumstance at the time only to have the ...
An early retirement account withdrawal often triggers taxes and penalties.
Some might feel this is a ridiculous premise, but it actually could make sense to use airline points to manage risk in early retirement. The post Using Airline Points to Manage Sequence of Returns Ris...
In the world of very early retirement, we tend to ignore one of the most important things for normal retirees: the Social Security program. Don’t get me wrong, it’s a great thing for the 73 million pe...
As someone who's been writing about FIRE (Financial Independence Retire Early) since 2009 and actually leaving full-time work for good in 2012, it's been quite an interesting ride. For the most part, ...
One of the biggest fears workers have about retirement is losing their sense of purpose. That fear is not unfounded. It is one of the negatives of early retirement nobody likes talking about. For the ...
Juan and Mary in Brooklyn are 49 and 48 with $2.2 million saved. Can Juan afford to retire early, or just walk away if he gets fired? And if they get divorced, yikes - but does the math still work? Th...
I was listening to a recent podcast with Morgan Housel. I have a lot of respect for Morgan, so was disappointed to hear him say this: Everyone I know who retired early has gone back to work. My experi...
How shifting from "Retiring Early" to "Living Early" allows child-free adults to enjoy their wealth while they’re still young enough to use it.
Two stories today and then two thoughts… Story 1: Discovering FI (Telling The World!) I learned that I could retire early in October of 2012. I was having an awful time at work and put this int...
Early retirement income can feel complicated, but a steady paycheck from savings starts with a simple framework. This episode reframes withdrawal decisions, explains why a fixed 4 percent rule can be ...
Retiring early isn’t just about having enough money, it’s about using the right tax moves in the right years. This conversation between James and Ari maps the three biggest levers for earl...
In 2020, during the heart of the COVID pandemic, I remember listening to a FIRE-focused podcast hosted by two people who claimed to be financially independent and retired early. Even though it’s...
Even with the money to retire early, FIRE clients often face unexpected challenges. Advisors say mindset — more than finances — is often the real hurdle....
For almost three decades, I built an income-producing portfolio of dividend stocks and ETFs to support my targeted early retirement. The idea was that it would fund my lifestyle approaching retirement...
Who said you can’t retire at 55? If you say yes to these questions, you may be on your way to an early retirement....
Most early retirement advice leans on a single number: the 4% rule. Withdraw 4% of your portfolio each year, and you’re supposed to be safe. But here’s the reality: almost no early retiree...
I have enjoyed working at our church for the last 18 years, but when I hit 63 earlier this year I started realizing I could retire. Always planning to work until I was at least 65, retiring early wasn...
From aggressive tax strategies to early retirement, well-intentioned decisions can unintentionally reduce Social Security benefits. Advisors highlight four major pitfalls that can impact clients' reti...
We’re closing in on the end of my 7th year of early retirement. I was fortunate enough to run my last day on the hamster wheel on December 31, 2018. At the time, I had a plan and was confident i...
Since writing about FIRE in 2009, I’ve favored investing in growth stocks over value stocks. As someone who wanted to retire early from finance, my goal was to build as large a capital base as q...
I retired at 42. No hacks. No inheritance. Just deliberate steps taken over many years. This gallery breaks down exactly what I did to reach early retirement on my terms. These aren’t vague idea...
A challenging aspect of early retirement is the loss of identity you may experience when leaving a career you’ve spent a big chunk of your life building. However, one of the most exciting parts ...
If you’ve been reading about financial independence for a while, you’ve likely seen that the topic is getting more popular lately. Although FIRE (Financial Independence / Retire Early) is ...
Life has completely changed. And because of this major change, I'm even more grateful for the freedom, flexibility, and time that financial independence and early retirement provide. In this short epi...
Retiring early isn’t just about saving more, it’s about planning for the retirement expenses most people forget. Many think they’ve nailed the numbers, but it’s the overlooked ...
Don't let health insurance costs force you back into the game. Start planning now to ensure your early retirement is forever....
Retired early, but not done. Scott Garrett shares how Boldin gave him the confidence to leave work and retire on his own terms. The post Podcast 98: Retired, Not Done – How Scott Garrett Took Co...
Del Walmsley promises financial freedom through real estate. His company, Lifestyles Unlimited, teaches people how to use leverage, rental income, and mindset to retire early. But does Lifestyles Unli...
One of the biggest concerns about early retirement is how to afford healthcare without an employer-sponsored plan. It’s a valid worry, health insurance in the U.S. isn’t cheap, and medical...