Many people across the nation are considering whether or not they can afford to retire early. Most people tend to focus on the big picture when considering whether or not retirement is an option, when in reality it’s all of the small risks that they need to make sure they have a handle on. Having a lot of money saved for retirement in IRA’s, 401(k)’s and other savings accounts is all fine and good, but is it going to be enough?
Most tend to focus on the wrong things when they are envisioning an early retirement, which could cost you down the road. You need to focus on all of the internal components of what your retirement lifestyle means and how these components are going to affect your ability to ‘spend confidently’ in retirement.