10 Tips to Plan for Your Early Retirement

10 Tips to Make a Better Early Retirement Plan

FAQs about Tips for Early Retirement Plan

What are the advantages of early retirement?

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Some advantages of early retirement include having the freedom to travel, relax while spending time with friends and family, pursue a hobby or enjoy a stress-free life. 

How much money do I need to retire early?

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 The amount of retirement funds you need to accumulate for early retirement depends on your lifestyle choices and post-retirement plans. As a rule of thumb, multiplying your desired annual income in retirement by 25 will provide you with an amount that will ensure a financially secured post-retirement life.

Disclaimer

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  • This is an informative article provided on 'as is' basis for awareness purpose only and not intended as a professional advice. The content of the article is derived from various open sources across the Internet. Digit Life Insurance is not promoting or recommending any aspect in the article or its correctness. Please verify the information and your requirement before taking any decisions.
  • All the figures reflected in the article are for illustrative purposes. The premium for Coverage that one buys depends on various factors including customer requirements, eligibility, age, demography, insurance provider, product, coverage amount, term and other factors
  • Tax Benefits, if applicable depend on the Tax Regime opted by the individual and the applicable tax provision. Please consult your Tax consultant before making any decision.

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