A survey found that 59% of American adults want to retire before 65. However, healthy life expectancy is only 63.9 years. Retiring early could provide more active, healthy time. Long-term care insurance can protect savings and cover medical costs not included in Medicare for those under 65, including pre-existing conditions.
Americans spend around 90,000 hours working in their lifetime. Retiring early could free up 9,100 hours, allowing time for travel, hobbies, or pursuing dreams. Investing in gold, with prices forecasted to rise, is a potential strategy for early retirement. Starting a gold IRA with Thor Metals offers secure storage and expert guidance.
Another method for early retirement is saving spare change with Acorns, automatically investing the difference from everyday purchases. This simple and affordable strategy can help build savings for retirement. By rounding up purchases and investing the spare change, Acorns helps grow funds in ETFs tailored to risk profiles. Retiring under favorable circumstances can reduce the risk of depression, according to a study. Retiring early while healthy can also help. Despite 59% of Americans wanting to retire early, only 40% believe they can. Over 90% of wealthy Americans rely on financial advisors for expert guidance. Building up retirement savings is crucial to avoid running out of money. Envato, the leading creative assets marketplace, has acquired Peopleimages, a renowned stock photography company founded by Yuri Arcurs. This strategic acquisition will enhance Envato’s library of high-quality images, providing customers with even more diverse and unique content to choose from. With over 55 million users worldwide, Envato continues to expand its offerings to meet the growing demand for creative assets.
Read more at Yahoo Finance: Are you waiting too long to retire? Here are 3 surprising statistics that may make you want to set a date ASAP
