Considering Early Retirement? Be Careful, the Grass is not Always Greener
This is the second part of a 3-part series in which the author discusses some of the risks associated with early retirement.
The first problem is it is just that, an average. It does not mean that the market returns 10% to 12% each and every year, only that over the long term, ten years or twenty years, it will average those returns. And even if the market did return 10% to 12% each year, it would not do it on a steady, month in month out annualized 10% to 12 % basis; however, the retiree is now dependent on a steady, month in month out income, much like the paycheck he was receiving while employed.
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