Experts Reveal Why You Shouldn’t Retire Too Early

While the thought of retiring early seems exciting, especially since you get to do what you want like golfing and traveling, you might want to think twice. These financial experts reveal these crucial factors to consider before you decide whether or not to have an early retirement.

Beating the Feeling

According to the experts, it’s pretty tempting to retire early especially if you’re tired from your work, either out of sheer boredom or if you’re feeling trapped in working a job you don’t like. The work-related stress you’re feeling urges you to think of an escape route to unwind and de-stress.

While it’s recommended to unwind from work, they reiterate retirement isn’t the best solution to your problem. Why? It’s because the experts claim you’ll also end up being bored when you have too much leisure time and you end up doing nothing and be unproductive.

SUPERMAO/Shutterstock
Instead, the experts recommend you take a break from your normal routine and try something new and productive to motivate yourself.

If you’re feeling tired, you can take a break by filing a vacation leave and go to other places during the holidays. This will help refresh your mind, body, and soul but it’ll also help you reconnect with yourself. If you’re feeling tired and beat up, you can take a break for a year or two.

During these off-days, you can take the time off to find something you love or passionate about. You can start a non-profit cause, run for a local office, start a new business or do another job you want. The key here is to find your purpose and your fulfillment in life and do something productive before you retire in due time.

On Finances

wavebreakmedia/Shutterstock
According to the financial experts, your expenses don’t stop when you stop working, whether you’re young or old. So you should be prepared to support yourself at all times.

Another reason why you shouldn’t retire early is that you’re not financially stable enough according to financial experts. Unless you now have stable finances to support your life for the next 40 years while having zero income, then you should keep working to build your retirement funds. You need to consult with a financial advisor to assess your current lifestyle, income, and expenses to determine how much money you need to build to retire comfortably.

According to the financial advisors, you need to realize your expenses don’t stop when you stop working, no matter if you’re young or old. You should be financially prepared not only to supporting your lifestyle when you retire but also other financial setbacks like your healthcare and other unexpected emergency cases.

On Your Health

VGstockstudio/Shutterstock
Research shows people are less likely to get tired of their work or business if they are healthy and fit to face the day.

According to the experts, you need to take care of your body whether you’re still working or are already retired. One reason why we always feel tired is the sedentary lifestyle we usually have at work. We seldom stand up or move our body around when working, which causes our body to be sluggish from the lack of activity.

The health experts recommend you maintain a healthy lifestyle by exercising, eating a healthy diet, and have proper sleep. As much as possible, eat healthy foods like fruits and veggies while splurging on your favorite foods once in a while.

If you dread jogging as a form of exercise, you can always try brisk walking, swimming, tennis, dancing, or any other activities you enjoy. By keeping your body healthy and fit, you can avoid getting sick which may hurt not only your physique but also your finances too.

Build Your Professional Network.

The experts also recommend you keep adding people to your social network while you’re still young. According to the experts, they will become the most important element in your life as you bond and socialize with them during your retirement days. If possible, stay close to your family and friends as they’ll be the ones who’ll stick with you after you leave work. Seize the opportunity to catch up with them whenever you have free time.