Monday, September 26, 2011

Consider Early Retirement Carefully ? felasofi.net

Consider Early Retirement Carefully

Most people, even if they love their jobs, perk up at the thought of early retirement. They can quickly come up with a listing of many reasons why they would be crazy to not take an early retirement whether it was offered to them. There are lots of great things about taking an earlier retirement, that is without a doubt, but there are some things you should consider carefully before you decide to end your working career.

The benefits of early retirement seem obvious. Not having to work full-time means having more time to do things you enjoy a lot more than work. The thought of spending everyday doing stuff you love sounds too good to be true, right Who would not love hour after hour to garden, read, get in touch with friends or join clubs in your community Taking an early retirement means having more time to travel and spend with family and good friends.

You must take time to consider with caution all of the ways your life will change because of taking early retirement. Think beyond all of the pleasures and freedoms you will enjoy and consider your financial situation for a moment. Do you have funds in position that will be able to support you for early retirement How would you pay for your home, cars, insurances, and desires to travel It is easier to dream about the kind of life early retirement allows than it is to pay for that sort of life. For those who have a family, you must also think about the responsibilities you have to offer and support them. Are of your children through college Exist significant events like weddings that are yet to be paid for Many of these questions must be answered honestly prior to deciding that early retirement is right for you.

Another thing to carefully question prior to deciding on early retirement is how your life will really look with no full-time job in the picture. Sure, having no job sounds great now, but are you really prepared to break from all that your job has required individuals Many people that have chosen an earlier retirement end up regretting the decision when they start to actually miss work and interaction with co-workers. Odds are strong that your job has played a larger role in your life and happiness than you understand, so be careful to weigh carefully the pros and cons of leaving your job for an early retirement.

The main thing in deciding about early retirement isn?t to rush your decision. Take your time, consider all of your options and know yourself prior to making a huge life change. If it?s right for you, early retirement can be full of joy and blessing. If, however, you jump into early retirement prematurely, you may be sorry for the rest of your
life.

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