Are You Thinking About Retiring Early?

Something More with Chris Boyd · Aug 17, 2023 · 18m

Scott Birmingham, CFP®, AMR's Lead Financial Planner shares some of the things to consider if you are planning to retire early:

- You may not be eligible for Social Security, penalty-free IRA distributions, or Medicare.

- Typically, people have the bulk of their investments in retirement plans and therefore cashflow can be challenging when retiring early.

- If you retire early risk (are working fewer years) will you have enough money to cover your expenses?

- Another consideration is healthcare insurance. Pre-Medicare health insurance can be expensive.

Through the Internal Revenue Service 72T…