You may dream about retiring early, but how do you know if it’s right for you? And how do you accomplish it financially? Here are some tips on how to achieve a successful early retirement.
Don’t just focus on the financial aspects of early retirement – “People tend to focus on how much money they will need, but they should spend more time thinking about things like family adjustments, lifestyle and how they will fill their time,” says retired Chartered Accountant Don Hunter of Toronto. “Habits, social connections, spousal relationships and your health and well being will change. New retirees assume the adjustment on the home front will be fine, but that is always the one that surprises them.”