Post
Topic
Board Economics
Re: Early Retirement [Pros and Cons]
by
ancafe
on 09/10/2023, 01:09:44 UTC
When someone decides to retire early at the age of 45-50 years, they must have a plan to prepare another job according to new skills that may not interfere with time with family. Many early retirees already have their own business that has been running for a long time along with their previous job. They must ensure that their monthly income is still the same as the salary in their previous job, if their income is lower they will have difficulty paying for health insurance, according to information that the cost of health insurance increases depending on age level, and many other routine expenses must be considered, so don't rush to take it the decision to retire early without the guarantee of being able to work in another job.
That's why when someone decides to retire early, they must have a plan for their life journey, relying on their salary or severance pay from their pensioner may not necessarily be enough to send their children to school, health insurance costs or other unexpected costs. Early retirement can provide opportunities for someone who has skills in the field of business development because they can focus on running it seriously. If someone has skills in building a business, taking early retirement may be a good consideration so they can achieve greater financial freedom than before.

This consideration must be a wise decision, so that when we make a decision it does not endanger our daily lives. Every day life will definitely change and for those who dare to get out of their comfort zone and have a concept in living it, they will be more focused on achieving financial freedom.