Instant Alert: The realities of early retirement mean it isn't right for everyone

MANAGE SUBSCRIPTIONS   |   UNSUBSCRIBE   |   VIEW ONLINE   The realities of early retirement mean it isn't right for everyone by Abby Hayes on Sep 6, 2016, 10:59 AM When you think about early retirement, you might get a dreamy, faraway look in your eyes. Perhaps you envision time spent traveling while you're still young, or spending more time as a family because you're no longer working full time. Or maybe you're picturing walking away from a job you dislike and never dealing with a stressful deadline or boring meeting again. Early retirement can be an escape from a bad work situation as well as an opportunity to spend time doing the things you truly want to be doing. However, the reality is that early retirement isn't for everyone. Early retirement is a difficult goal to achieve, and it may not be what makes you happy in the long run. Here are some of the pros and cons of early retirement: DON'T MISS: A man who retired at 34 shares a spreadsheet that helped him get there SEE ALSO: What it feels like to retire early, from an average guy who became financially independent at 34 More leisure time A boost in leisure time earlier in your life is a major bonus of early retirement. You will have more years to enjoy retirement and to tackle all the projects you have wanted to try. You be able to invest in your family and relationships and spend more time with your children and grandchildren. Less stress Not working around the clock for an extra 10, 15, or 20 years can significantly reduce your levels of stress each day. You won't have to rush to get out of the house every morning and sit in traffic during the morning rush hour or be expected to work late or through the weekend. Now you don't have to work at all unless you want to. Finding health insurance Early retirees often lose their employer-sponsored health insurance, but aren't yet old enough to sign up for Medicare. If you retire before you're eligible for government-funded health care at 65, you will need to find another source of health insurance that could cost much more. See the rest of the story at Business Insider   Share the latest business news with your network: Email sent to:   |   Manage your email preferences   |   Unsubscribe Terms of Service   |   Privacy Policy Business Insider. 150 Fifth Avenue, New York, NY 10011