Retire at 55: Taxes, Health Care, and More on Early Retirement
Retire at 55: Taxes, Health Care, and More on Early Retirement
Oct 23, 2022
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Early retirement is a dream for many, and I can personally attest to the fact that it IS all it’s cracked up to be - IF you plan and prepare. But like most big life decisions, it comes with both rewards AND realities. As someone who retired early (after being laid off at 55), I’ve realized a few things. There are a lot of PROS, but also a few CONS. Here’s how I’d break it down: The Pros: • More time freedom (the big one) — to travel, explore hobbies, or simply slow down. After working for years,
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Donna | Early Retirement Mentor on Instagram: "I was laid off at 55 and basically forced into early retirement. I’d always dreamed of retiring early, but this was definitely earlier than I had planned. At the time, the world was practically shut down, and finding a good job wasn’t easy. Around the same time, my elderly mom started needing more help, so I made the decision to stay semi-retired and focus on being there for her. It’s been a rewarding experience, but I’ll be honest—there were some t
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