15 Good Reasons To Retire Early

One of the advantages in achieving Financial Freedom is the choice to retire early. No matter the age, retiring early has lots of benefits and is something everyone should consider.

There are several reasons why people are invested in their job and feel they could never retire. Maybe they do not have enough passive income producing assets.

Or their identity is wrapped up in their work title, and they hate being a “nobody.”

Or their lifestyle has inflated too much, and their expenses are out of control.

No matter the reason for continuing to work, there are several good reasons to retire early. Retire Early Because Your Time Is Limited None of us are going to live forever. After having worked hard all your life, do you want to spend the golden years of your life still working?

The primary reason people retire early is that life is uncertain. As you get older, the risk of dying increases. You don’t know how long you will be alive. Life expectancy is lower as you age. Health starts declining with age as well.

While we may not agree with everything he says, there are nine decades of wisdom buried in Warren Buffett’s quotes.

The most common reason people retire early is health concerns. Either due to physical or mental exhaustion, people reach a breaking point. Although your job might not involve manual labor, don’t discount the effect of mental stress. Stress is toxic. If you hate your job, retire earlier than planned.

Long-term stress can cause several health issues such as heart disease, high blood pressure, diabetes, stroke, obesity, anxiety, lowered immunity, cardiac arrest, etc. A life of constant stress adds up. Continuing to work through your retirement years can take a severe toll on your physical and emotional health. For the sake of your health, recognize when to call it quits, and enjoy some well-deserved rest.

Retiring earlier offers the likelihood for a more vibrant and fun retirement as you will be younger than the average retiree. Younger retirees can join in more strenuous recreational activities such as running, hiking, swimming, etc. People who retire early can also travel more broadly, including many countries, which would be more challenging for older individuals.

It is best to retire when you live a healthy life versus accumulating more to spend only a fraction of your life in leisure care retirement.

Many people postpone retirement until failing health forces them to, and at that point, many activities they wanted to do are no longer feasible.

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