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.
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
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
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.
More in Mind & Mental
-
`
Why Adults With ADHD Are 3x More Likely to Develop Dementia
We have all heard of ADHD, haven’t we? Hyper kids, distractions galore, restless minds – these are images we often associate...
December 11, 2023 -
`
Signs of Emotional Connection in Relationships
Building a strong connection with someone isn’t just about being in sync or sharing hobbies—it’s about that deeper bond, where you...
December 4, 2023 -
`
Hollywood’s Shortest Marriages: Britney Spears, Carmen Electra & More!
In the glitzy world of Hollywood, where fairy tales often unfold on the silver screen, there exists a flip side—a realm...
December 3, 2023 -
`
The Surprising Benefits of Unplugging
In today’s hyper-connected world, where we are constantly bombarded with notifications, messages, and the allure of social media, disconnecting may seem...
November 26, 2023 -
`
How “Looking Your Best” Improves Our Wellbeing
Most of us have had moments standing in front of our closet, deciding on an outfit for the day. And we...
November 15, 2023 -
`
Therapy? Medication? What Are the Treatments for PTSD
Post-Traumatic Stress Disorder (PTSD) is a common after-effect of traumatic events. It can be a debilitating condition, but the good news...
November 7, 2023 -
`
Meet the Woman Who ALMOST Married Barack Obama
Barack Obama’s life has been a captivating narrative, often told and retold, with each revelation adding layers of intrigue to his...
November 5, 2023 -
`
The Rise of Caviar Bumps, Thanks to Gen Z
In an intriguing twist of culinary culture, millennials and Gen Zers are drawn to an unusual indulgence – fish eggs, or...
October 28, 2023 -
`
Everything You Need to Know About Acid Reflux, Heartburn and GERD
Ever had that burning-in-the-chest sensation after a meal? Or perhaps you have lain awake at night with an odd sour taste...
October 17, 2023
You must be logged in to post a comment Login