While majority of people retire in their sixties, but some through their hard work and persistence become early retirees. Retiring early requires a lot of discipline, planning and paying close attention to your investments, personal finances and savings. FIRE (link to “An Insight into Financial Independence Early Retirement”) makes you fulfil your dreams of early retirement and reach financial independence. Here are some of the benefits that you can enjoy with early retirement:
Travel is the most satisfying when it is not restricted by time. Early retirement paves way for extended travels and also prevents age from being a stumbling block when it comes to making travel decisions. You can easily plan travels that can extend up to one or two months thereby allowing you to spend more time in your loved destinations.
Retiring early, you’ll have a log of opportunities to spend time with people you love and it helps in nurturing your relationships. Early retirement will help you to devote more time to social activities which you were not able to do earlier owing to time constraints. You become more available to friends and family who need your time and help.
While working full-time, things like fitness and eating healthy tend to take a backseat and daily commuting to work coupled with firm time commitments take a toll on health. Early retirement allows you to make your health a topmost priority while you are relatively young and thus you march healthy and fit into your old age. You get to improve your all-round well-being and live a long and healthy life.