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According toresearch from Transamericas Center for Retirement Studies, the median retirement age in the United States is 62.
Further, almost six in 10 retirees retired sooner than planned.
More than 40% did so for employment-related issues, while 20% left for family reasons.
Only 21% retired early because they were financially able.
Youll likely receive more from Social Security if you hold off on retiring.
Perhaps one of it’s possible for you to claim earlier and the other can continue working.
Retirement Plans
Your first step toward retiring early may be to solidify your retirement plan.
Additionally, it’s possible for you to use a retirement calculator to see where you stand.
You may also consider checking your retirement investment portfolio at least once a year.
You might also look at your Health Savings Account andregular brokerage account.
Healthcare Expenses
When it comes to retiring early, it’s crucial that you consider healthcare costs.
What will you do until Medicare kicks in?
Some employers offer healthcare benefits to part-time employees.
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