Don’t Make These Five Early Retirement Mistakes
Handing in a resignation letter and walking away from an unfulfilling career may be one of the most satisfying acts in an individual's life. By some measures, there are an increasing number of satisfied people in the world today. Indeed, recent accounts increasingly show that people are leaving their jobs in droves. These developments are evident in articles about quit and vacancy rates and even rising Google Search trends for early retirement. To be sure, one study found that COVID has prompted a growing wave of early retirements, especially for people who had not planned to quit their jobs but are now thinking of doing so. Can you relate?
Maybe your investments have performed solidly over the past 18 months, and now you have the financial resources and confidence you need to pull the trigger and finally step into financial independence. Maybe your company has recently gone public, and you've come into a large financial windfall that has set you up for early retirement. Or, perhaps you've had time to consider whether the work you're doing today truly aligns with what matters most to you in your life.
Whatever the case may be, now could finally be the time for you to take the next steps towards early retirement. But before you walk into your boss's office and hand in that resignation letter, you'll likely want to consider some potential pitfalls that might derail your financial independence early retirement plans. Indeed, not thinking through some crucial early retirement mistakes could leave your financial goals falling short.
Here are five financial mistakes that you'll likely want to avoid as you take your next step towards becoming the master of your financial independence journey:
For more information, read our latest report at https://fimastery.com
Learn more about Franklin Madison Advisors by visiting: https://franklinmadisonadvisors.com/
Be sure to follow us on Twitter: @fmadvisors and Instagram: fm_advisors
