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Money Girl

How to Know If You Can Retire Early

Money Girl

Macmillan Holdings, LLC

Investing, Education, Business, Entrepreneurship, How To

4.61.8K Ratings

🗓️ 17 July 2024

⏱️ 18 minutes

🧾️ Download transcript

Summary

Laura reviews six steps for knowing if early retirement is right for you and tips for avoiding hefty penalties when tapping retirement accounts early.

Transcript

Click on a timestamp to play from that location

0:00.0

Whether you're feeling stressed out by a high pressure job or just dreaming of a different lifestyle,

0:11.6

getting ready for retirement sooner rather than later is a very

0:15.8

wise money move. Most people qualify for Social Security benefits as early as 62 and some

0:22.2

get pensions from their old jobs.

0:24.7

But you typically also need your own assets to fund a comfortable retirement.

0:29.4

Building a nest egg means investing regularly with enough growth to cover your estimated

0:34.8

future expenses after you no longer earn an income. But what if you've been a

0:39.6

good saver and you're thinking about early retirement.

0:43.0

Well, this podcast will review tips for knowing if you can retire early

0:47.0

and how to avoid paying hefty penalties when tapping a retirement account early.

0:52.0

Hey friends, welcome back.

0:54.0

I'm Laura Adams, an award-winning author, money speaker, founder of the

0:57.2

money stack newsletter, and host of the Money Girl podcast with 43 million

1:01.0

downloads.

1:02.0

As an on-camera financial spokesperson and content creator, I partner

1:05.9

with select brands for PR and marketing work. As always, you can learn more and use my contact page

1:11.4

at Laura d Adams.com. And while you're there if you sign up for the money stack newsletter you will

1:18.1

get information about my upcoming workshop called smart investing master Masterclass, How to Make Money and

1:25.1

achieve Financial Freedom while you sleep. I hope you will join me and

1:30.0

register for this upcoming live event.

1:32.0

Achieving an quote-unquote early register for this upcoming live event.

1:33.0

Achieving an quote unquote early retirement really depends on how you define it.

...

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