Can You Retire Early? The Savings Highway Says YES

Retiring early can be the fulfillment of a life long ambition but may not be the nirvana you expected. Seriously consider all the aspects of early retirement before turning in your walking papers. Have you been paying attention to money or business magazine lately, chances are you will find an article or two on how to retire early, specifically early retirement. As the baby boomers pass through middle age and experience a relatively comfortable lifestyle compared to that of their parents, many are looking at ways of retiring from the 40+ hour per week job to enjoy a more leisurely pace of life. Retiring at any age requires a signifigant amount of financial planning, and retiring early may mean some extra number crunching to ensure your revised budget will prove adequate. Here are a couple of things to consider if you are looking to retire early: 1. If you plan to retire early, you will no longer be able to depend on a regular monthly income from the job you have gone to the past 25 years. In retirement you can expect to receive a monthly check drawn from savings, investments or pension of one kind or another. As we get older, our physical health usually begins to suffer, so if the your savings plan proves inadequate, many of us lack the health and stamina to go back to work. When you retire early, you may be able to return to a similar line of work. Some even embark on a new career that is altogether different. While it may prove possible to have renewed employment as a fall-back option, it may not be enjoyable to return to work in our sixties or seventies if your pension run out or be eliminated all together. 2. Retirement brings a signifigant adjustments for many people. Pensions, savings, investments, and social security may not provide monthly income that is comparable to the paycheck you were receiving while employed, you may need to adopt a more frugal way of life. Dining out less often is possible, but simple home maintenance may require you to hire workers for home repairs? Be ready to maintain a simpler life unless you've followed a strict savings budget or made some wise investments. 3. Health care costs and other retirement benefits need to be accounted for. If your employer contributes towards your health care and other retirement benefits, it is important to note which benefits will be paid by a retirement pension, and how much. If all such benefits cease with your paycheck, you'll need to factor in these expenses as part of your new retirement budget, which will significantly lower you disposable monthly income. 4. Stretching your retirement benefits further will become necessary. Retiring at age fifty rather than sixty-five means that your income source will be necessary to cover nearly twenty additional years of living expenses. A majority of people are still healthy at age fifty, will your retirement income be enough to provide middle age comforts, like an attractive home, annual vacations, or treats for the grand kids? If not, you may find yourself looking for a part-time job that will pay just a fraction of your pre-retirement salary. 5. Are you able to adjust to your new jobless routine? While most of us enjoy a day or even a week without going to work, the reality is that without a weekday routine, it's easy to become complacent and experience a loss of focus or passion for life. Boredom can lead to bad habits, such as overeating, overspending, or perhaps even depression. Plan now for the types of activities that will keep your life full and rich when you retire from the employment sector.But if you really want to retire early, you can use the Savings Highway as the best home-based business opportunity going today. The Retire Early Plan is simple: *Join the Savings Highway *Introduce two new members *Use your membership to save money *Help them to do the same If you can follow such a plan, you can turn the Savings Highway opportunity into your "full time" retirement income. Join Today