8 Steps Early Retirement Without Loss

Situations that make you stressful job often makes you think for early retirement. You want more stay at home, work part time, or open a small business. His dream is, you can spend more time for family, and follow each child's achievement.

But, dare you make this decision? Though you crave early retirement at age 30 or 40 years, when you start it sent a letter of resignation?

Consideration to delay the early retirement generally is: Can I live without a fixed monthly salary? Because of that, decided to retire it means you are ready with solid financial support. Your business may have started to develop, but you still must have a back up if at any time things happen unwanted. Problem of child health and education are two of the many needs that you should consider when deciding to retire.

However, if someone else can, you certainly can. The key is planning. The sooner you plan it in detail, the more likely the dream is achieved. Sheryl Nance-Nash, author of a number of financial and business media such as The New York Times and magazines Your Company, revealed a number of steps towards early retirement.


Create a plan
Perform an evaluation of their lifestyle or how you use the money today. This is to understand how you will live life after retirement, and how much money should you save before retirement. There is a financial calculation that you can find on the internet, but the most secure of course consult with financial planners. Re-evaluation of this plan every three or four years to ensure that you stay on the right track. Not understanding your current financial condition of pension definitely will not make you achieve your goals later, according to David Walters, a public accountant and financial planner for Palisades Hudson Financial Group.

Make retirement a priority
Stick to the decision that this early retirement as your financial priorities. You have several options on how to collect money. Early retirement was by no means to buy time and freedom, where you will put your money to achieve the goal to spend less time to work.

"This means you may not be able to use the money for things that are owned by people your age. You may have to buy a used car that is simple, or live in a smaller house, "says Richard Barrington, personal finance expert for www.MoneyRates.com.

You do not have low self-esteem, because in fact many people who lavish lifestyle but have no savings. Sacrifice for the moment, but will pay off later. Now is the time to work hard, and enjoy the results later.

Encourage family involvement
Do not be the only people who have to live frugally to achieve retirement goals. Families must be involved. Husband and children should reduce his lifestyle, follow your lifestyle. If not, you will experience a complicated financial conflicts, says Barrington. Half early retirement depends on your ability to lock themselves in the budget, and all family members must follow the predetermined budget.

Saving early
The key to early retirement is simple: start saving from now. No matter what your current age began, whether it be 20-something years or 30s. The sooner you save for retirement, the more time you get to realize this dream. But you do not have to give up if you just realized to save at age 40 years ahead. There is still a way to catch you.

Understand investment options
There are many investment choices today, which makes you know how to start. Stocks, bonds, and mutual funds, are few investment options. Most people start from these choices. You do not need tricks or inducement to make money. If you do not understand the investment, or can not explain it in 30 seconds or less, you should invest your money elsewhere.

Select long-term investments
Just because you want to retire early, does not mean you have to take short-term investments. The impulse to pursue rate of return on money invested will usually lead to failure. Barrington advised to choose courses investais long term.

Do not forget inflation
In the short-lived career, the prices could have inflation doubled. Then, when you begin to live life after retirement, inflation could rise to double again. Therefore, make sure you calculate the price rises in your financial planning, advice Barrington.

Creative thinking
You not only need the conventional way to save and invest, but also open themselves to a side job to pay the debt or supplement their income. Be diligent even though the work or the business side does not immediately reveal the results are great. Do not treat finance as the situation was "now or not at all". The change in careers, such as choosing a less stressful job, or not so time consuming, can also make you think what your life purpose. Of course, while continuing to save and wait for business or profit from your investment.

Source : http://www.tohanasrudin.com/2010/12/28/8-langkah-pensiun-dini-tanpa-rugi/