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Naturally, Orman has strong opinions on what people should do to make early retirement possible.
If your employer offers a 401(k) match, take full advantage of it.
If youre not maxing out your contributions yet, focus on increasing your contribution.
If you cant reach the full limit, could you find a way to add an extra $1,000?
Delay Taking Social Security
Yes, youve paid into yourSocial Securityand yes, it is your money.
To get the full 100% of your funds, you must wait until youve reached FRA.
That is a costly cut.
Love home repair or gardening?
Perhaps your local hardware store or nursery needs a helping hand during busy seasons.
One option to explore isdividend stocks, which provide steady and regular payouts, typically once a quarter.
Reduce Financial Risk With Insurance
Ideally, youll enjoy a lengthy and healthy retirement.
Proper life insuranceand estate planning can also help protect your familys financial future.
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