Contrary to popular belief, you can retire early if you plan properly. That is one retirement myth we busted in a recent YouTube video. The question is do you want to? If early retirement is your goal you need to determine how long your money will last. When someone retires before understanding how much money they can spend each month, they tend to fail. We don’t want you to make the same mistake.
To achieve your goal of retiring early, you need a written retirement plan. Contact Alloy Wealth and we’ll help you create it. Your plan will be adjusted for inflation and after taxation, to give you the money you need to live well when you are retired. You may have heard that you need to wait to retire until you have a certain amount of money invested. That is another myth busted by our CEO Mark Henry.
What you do need is to eliminate unnecessary debt so you can save more aggressively. If you are like most retirees, you can’t wait to get out of your current job, but you don’t like the thought of having nothing to do. Creating a side business or investing in rental property will provide added income in retirement and added financial security. Busy retirees tend to be happier.
Contact Alloy Wealth to schedule an appointment with one of our fiduciary financial planners. We will help clarify your retirement goals and help you stay motivated and on track to achieve them. Call 800-689-3935.