Whether early retirement is planned or unexpected, it looks different for everyone. Either way, you should have a reliable plan in place so that you can make informed decisions, should you have to consider or go down this road:

  • Prepare a budget for retirement so that you can have a good idea now, what you need to plan for expenses and income-wise.
  • Try to start sticking to a budget now as if you were in retirement, that way it will help you get used to living on less income.
  • Entering retirement debt-free is beneficial, so pay off debt if you can.
  • Investigate any possible financial relief, grants, or tax reliefs that may be available to you.
  • Speak to a registered financial advisor for guidance on how best to prepare now, for retirement.