According to a new study almost 50 percent of Americans would much rather retire early. Due to COVID there were many that were forced to retire due to low business traffic and overall company costs. If you plan on doing so, you must make sure that you have all of the bases covered because you do not want to regret it in the long run. There are also professionals out there that can help you.
Key Takeaways:
- If you plan to retire early it is important that you pay off debts early.
- When people plan their retirement, they often project from a healthy bottom line without considering recessions and job losses.
- If you want to retire early, become frugal, stick to a budget and pay down debt.
“The onset of the COVID-19 pandemic allowed some older Americans to consider early retirement, as their spending habits became from frugal. Others, though, were simply forced into the decision, according to the survey.”
Read more: https://www.foxbusiness.com/personal-finance/early-retirement-covid-pandemic
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