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Can I Retire Early?
By plrprousers | May 15, 2009
It may surprise you in this current economic climate that people are still thinking about retiring early, but there are an increasing number of people who fully expect to be able to retire and pursue their hobbies or volunteering for an extended period following their careers. What are the secrets to being able to lower your retirement age, and enjoy an extended active retirement?
First you have to commit to this goal. We’ve all heard the advice about not buying lunch out, skipping the Starbucks, etc., but someone who has early retirement plans follows through on that advice. There’s no doubt that you need to save with a passion, and this is where the majority of would-be early retirees will fail to maintain their discipline.
Secondly, the money you save must be made to work, which may mean an aggressive portfolio and certainly means choosing investments with low expenses. For this you need a great investment advisor such as Ken Himmler (www.kenhimmler.com), who is experienced in helping people meet their goals.
Thirdly, you need to realize that everything you do is working towards this end, and be happy not to upgrade your kitchen or buy a new car every other year, like your neighbors. If you get a raise, celebrate by opening another investment account. If you can work a second job, use that money entirely for your savings. In the long run you will probably have a much more satisfying life.
Lastly, and provided you can accomplish the first three things, when you achieve your retirement living at an early age you’ll find that you need purpose and direction in your life, and you should plan to pursue your dreams. Expect to live on your investments, even though some hobbies turn into paying endeavors. Make sure you have good investment management in place, with a company like Integrated Asset Management (www.iamllc.biz), who can continue to look after your funds into the future.
Authored by Kenneth Himmler, Sr.
Tags:investment advisor,investment management,investments,retirement,retirement age,retirement living,retirement plans
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