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Dreaming of
Early Retirement
Many people set a goal to retire early so they have more time and energy to enjoy this time in life. It takes some forethought, saving and sacrifice, as well as creativity
— but early retirement is achievable.
Consider the key steps below you
can do now to set yourself up for an
early retirement.
- Look at your career plan, and take the long view
- Take a focused look at your finances
- Save, and sacrifice
- Think outside the box
Read more on planning
for early retirement
Companies may offer early retirement packages when they need to reduce their workforce. To the employee, the decision whether to accept the offer is layered and complex. You can take the offer now, before later rounds of retirement packages become mandatory and less attractive. Or, you can decline the package and hope that future workforce reductions do not occur.
Consider the key issues below if you are anticipating or evaluating early retirement:
- Take stock of your health insurance
- Find out what Social Security benefits you can expect
- Review your numbers
- Talk to others who’ve gone before you
- Due to the situation, update your resume
Read the entire Early Retirement Package article
Questions about early retirement planning? Contact a SecurePathSM by Transamerica financial advisor 866-248-9421 or e-mail!
Are you ready to retire?
Transitioning into retirement is a big life change and there are a lot of variables to think about other than finances. If you’re not emotionally prepared, this period in your life may come as a shock. Take our Retirement Readiness Quiz to see how close you are to being ready to retire.
