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This is especially helpful advice if you want toretireearly.
Consider these tips from experts and early retirees toaccelerate your own retirement plan.
Invest Early and Consistently
Alan Andrews ofKIS Financedecided to keep working but his former colleague didnt.
My friend and colleague retired by the time he was 45.
Start investing as soon as possible and stay consistent with it.
If you dont know what to invest in, start with VTI (VanguardsTotal Stock Market ETF).
It gives you broad exposure to U.S. stocks at every market cap and every sector of the economy.
When you eventually withdraw funds in retirement, you pay no taxes on that money.
Ohman cautioned young savers to keep the big picture in mind for their finances.
Dont accumulatecredit card debtjust to contribute to a retirement account.
Think of your retirement accounts as locked.
It can be easy to justifybad financial decisions and even harder to rectify them later.
Attend an Affordable School
Its not surprising that crushing debts can hold you back from retiring early.
This includes student loan debt.
Patricia Roberts serves as COO ofGift of College Inc.and helps college students avoid debt.
The more you’re free to save and invest, the earlier you’re free to retire.
But dont stress about it.
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