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But not so fast.
Experts say not to get ahead of yourself.
In reality, it can lead to serious money troubles if certain warning signs are overlooked.
He said debt stands out right away.
It doesnt just vanish the minute someone stops working.
Here are the signs youll go broke if you give a shot to retire early.
I always recommend stress-testing retirement plans with conservative estimates and considering scenarios like higher-than-expected expenses to ensure long-term sustainability.
Without this, retirees risk overspending in their first few years, leaving them financially vulnerable later.
Youre Not Emotionally Prepared
On top of everything, Gosselin said theres the emotional side.
Retiring early often means losing the sense of purpose or structure work provides.
He explained that isolation can make it worse if most friends or former coworkers are still in the workforce.
He said recognizing these risks is the best way to steer clear of going broke after leaving the workforce.
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