Episode 218: Preparing for an Early Retirement

Women's Money Wisdom

Do you dream of retiring early? Planning carefully is an important part of ending full-time work ahead of schedule. The path to early retirement is different for everyone - you have to look at your unique situation and decide your own goals. Alternatively, some people need to retire earlier than they intended to, so it's smart to have a strong retirement plan in place in case something unexpected happens.

Melissa Joy discusses ways to access your retirement savings without penalties if you retire before the traditional retirement age and different options to consider for an early retirement strategy.

With proactive planning and a good mindset, early retirement may be a possibility for you regardless of what inspires you to stop working.

Listen and Learn:

• Why it's important to plan ahead for early retirement
• Strategies for accessing retirement funds early
• Ways to grow your savings and income for an early exit
• How to prepare for a fulfilling life without work

Resources:

• Register for our June Webinar: How to Prepare for an Early Retirement
• Retirement Readiness Reports
• Retirement Statistics by Gender
• Pew Research Retirement Studies
• Watch our 2023 Retirement Readiness Webinar Replay
• Listen to Women’s Money Wisdom Episode 49: Visualizing Retirement

Links are being provided for information purposes only. The information herein is general and educational in nature and should not be considered legal or tax advice. Tax laws and regulations are complex and subject to change, which can materially impact investment results. Pearl Planning cannot guarantee that the information herein is accurate, complete, or timely. Pearl Planning makes no warranties with regard to such information or results obtained by its use and disclaims any liability arising out of your use of, or any tax position taken in reliance on, such information. Consult an attorney or tax professional regarding your specific situation. Please note, changes in tax laws or regulations may occur at any time and could substantially impact your situation. Pearl Planning financial advisors do not render advice on tax matters. You should discuss any tax matters with the appropriate professional.

Chapters

1. Episode 218: Preparing for an Early Retirement (00:00:00)

2. Planning for Early Retirement (00:00:01)

3. Retirement Planning and Life Transitions (00:12:57)

4. Women's Money Wisdom Podcast Support (00:23:23)