With the great resignation sweeping the nation we’ve been hearing more and more from people that want to retire early. On today’s episode, we want to explore this topic and a recent Yahoo News article that breaks down whether you can really retire at age 55.

Retiring early can present a wide variety of unique challenges, for example, what will you do if you can’t take Social Security yet? You need to consider how you’ll cover that income gap. There are various issues people who want to retire early may face, but planning ahead of time can make the transition a lot easier.

Yahoo News Article: https://www.yahoo.com/video/retire-age-55-lets-run-203416606.html#:~:text=So%20can%20you%20retire%20at,Security%20retirement%20benefits%20is%2062.

Today's key points: 

0:43 – More people wanting to retire early

1:50 – Going to a Justin Bieber concert

2:52 – The peanut gallery term

5:01 – Social Security

6:13 – Penalties to worry about

9:02 – Healthcare expenses

11:49 – Any other challenges?

12:51 – What can you do now?

14:36 – Having guaranteed income

15:48 – Stock market’s impact on your plan

17:29 – Depends on how you want to live

18:58 – Retire whenever you want!

Read more and get additional resources here: https://principalpreservationservices.com/retirement-reality-podcast/