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William Schantz – Things No One Tells You About Early Retirement

Early Retirement

Retirement from your job is something that is bound to happen at some point in your life. When your body starts to give up on you, and you find yourself struggling with your mental capabilities, your company may tell you to rest and take time off from work permanently.

However, early retirement is a whole other story. You may want to retire early to meet your goals, fulfill your passions, and spend time with your loved homes. You may think that having free time will be the best thing in your world, but the reality can be very different.

Things No One Tells You About Early Retirement by William Schantz

1.     Funding Your Healthcare Will Require Ample Money

Working with an employer who covers your healthcare needs is a huge advantage. This is particularly great for those who take medications or are dependent on others for basic needs.

However, when you retire early, shouldering future medical expenses can be costly. Even though the government provides some help, you cannot use that till you reach the age of 65.

2.     Living Comfortably May Not be as Expensive as You Imagine

Even though early retirement can seem expensive, it does not have to be. If you have worked hard your entire life and have enough savings to take some time for yourself, you can come up with alternate ways to earn an income and live your life the way you want.

Just because you retire early does not mean that you will never earn for the rest of your life. You can always find ways to earn a passive income while you continue to follow your dreams. You can invest in cryptocurrencies, stocks, or the real estate market so that you have an inflow of cash even when you are not actively working.

3.     Your Health Will be in Better Shape

One of the worst things about retiring later in life is that you do not have the freedom that you want because your body does not support you. As you grow older, your body will age as well, and complications may occur that cannot be prevented.

However, retiring early ensures that you get the best of both worlds. You will have enough energy to do the things you love without feeling restricted by your health.

Moreover, you will also have sufficient time to tick things off the bucket list that you made years ago. Keep in mind that most people who retire early have an average of 20 years to live, so make a long bucket list to keep yourself busy!

William Schantz’s Concluding Thoughts

When you want to retire is your choice to make, even if you are not sure of what life has in store for you. However, before you consider this option, these things will give you an idea of what post-retirement life looks like and what you should focus on while you are actively working.

Of course, regardless of when you retire, you will have to experience some successes and failures, but the key is to be prepared for whatever life throws your way.