Financial expert Suze Orman advises early retirement savers to set up key accounts and prioritize savings.

From Yahoo Finance: 2025-04-10 09:16:00

You’ve worked hard since your first job as a teenager, aiming to retire early. Financial expert Suze Orman recommends setting up key accounts early and saving at least 15% of income in retirement accounts. She advises prioritizing maxing out 401(k) and IRA contributions once established in your career for early retirement.

Orman stresses the importance of having an emergency fund, especially in retirement, to avoid dipping into retirement savings. She recommends putting emergency savings in a high-yield savings account for growth and accessibility without penalties. Orman suggests having separate emergency fund accounts for predictable expenses and unexpected financial shocks.



Read more at Yahoo Finance: 3 Accounts To Put in Place as You Plan Your Early Retirement