Ramolak19
Verified member
One advantage of retiring early is that one can start following personal interests and leisure activities earlier. It enables people to avoid the stress of their jobs and possibly have better health after retirement. However, there are drawbacks to retiring early, including having to rely more heavily on retirement savings for a longer period of time, having to save for retirement more quickly, and having to pay higher healthcare expenditures.
However, working longer gives you the chance to save more money, get higher Social Security benefits, and keep your employer-sponsored health care. However, obstacles can include health problems, exhaustion, and a lack of time for personal interests. A well-thought-out retirement strategy must weigh the advantages and disadvantages of working longer versus retiring early.
However, working longer gives you the chance to save more money, get higher Social Security benefits, and keep your employer-sponsored health care. However, obstacles can include health problems, exhaustion, and a lack of time for personal interests. A well-thought-out retirement strategy must weigh the advantages and disadvantages of working longer versus retiring early.