Early retirement gives you an opportunity to get away from the corporate world and pursue your interests. But people who retire in their 50s are too young to qualify for government benefits and could face penalties if they try to draw from retirement accounts. An early retirement also makes it more difficult to make your savings last. Here are some common complications of early retirement.
[Read: 6 Social Security Calculators That Can Help You Decide When to Claim.]
Emily Brandon is the author of “Pensionless: The 10-Step Solution for a Stress-Free Retirement.”
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5 Challenges of Early Retirement originally appeared on usnews.com
