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
How to Retire Early
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