Benefits of an Early RetirementSome people choose to delay retirement into their late 60s, however, at age 62 you are eligible to start collecting Social Security benefits, and if you’ve prepared well for retirement, retiring early might make sense. Although it isn’t for everyone, there are many benefits that come with an early retirement.

For starters, you have even more time to spend with your loved ones and doing your favorite activities. If you retire early, you get a head start on all of the fun hobbies and free time that comes with retirement. For some this is traveling or volunteering, or maybe something active like mountain biking that could get more difficult to enjoy as you age.

Next, you have freedom to start your own business if this is something you’ve always dreamed of doing. Retiring doesn’t always mean you can never work again, it gives you an opportunity to pursue your passions in a field that you might not have explored while you were employed.

The workforce is not always the healthiest environment to live in. From long hours and sleepless nights to added stress and anxiety. If you retire early, you save yourself some of the ailments that come from these things and may have more time to stay active and take care of your body.

Lastly, you could end up seeing greater returns from pensions and Social Security. Although the benefit from Social Security is lower the earlier you retire, if you invest correctly you may end up with a sizable nest egg. This takes careful planning and help from your trusted financial advisor to make sure that you are not missing out on Social Security benefits.

Retiring early takes careful planning and saving. If you’re interested in seeing if early retirement is right for you, click here to schedule your no cost, no obligation financial review. We can sit down with you and figure out a complete retirement plan to help you retire at the time that is right for you.

The content presented is for informational purposes only and is not intended as offering financial, tax, or legal advice, and should not be considered a solicitation for the purchase or sale of any security. Some of the informational content presented was prepared and provided by tMedia, LLC, while other content presented may be from outside sources believed to be providing accurate information. Regardless of source no representations or warranties as to the completeness or accuracy of any information presented is implied. tMedia, LLC is not affiliated with the Advisor, Advisor’s RIA, Broker-Dealer, or any state or SEC registered investment advisory firm. Before making any decisions you should consult a tax or legal professional to discuss your personal situation.Investment Advisory Services are offered through SHP Wealth Management LLC., an SEC registered investment advisor. Insurance sales are offered through SHP Financial, LLC. These are separate entities, Matthew Chapman Peck, CFP®, CIMA®, Derek Louis Gregoire, and Keith Winslow Ellis Jr. are independent licensed insurance agents, and Owners/Partners of an insurance agency, SHP Financial, LLC.. In addition, other supervised persons of SHP Wealth Management, LLC. are independent licensed insurance agents of SHP Financial, LLC. No statements made shall constitute tax, legal or accounting advice. You should consult your own legal or tax professional before investing. Both SHP Wealth Management, LLC. and SHP Financial, LLC. will offer clients advice and/or products from each entity. No client is under any obligation to purchase any insurance product.
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