I'm looking to retire in my 50s while my kids are still in college - how should I handle this transition with my finances?
Briefly

from 24/7 Wall St.1 week ago
Retiring in your 50s can present significant financial challenges, particularly regarding the costs of children's college education. Without access to Social Security or Medicare, retirees must depend on their savings for several years. It's vital for prospective early retirees to prioritize funding their children's education before quitting their jobs. Proper planning can help mitigate financial strain, allowing for a smoother transition into retirement while maintaining future financial goals. Running the numbers can help assess the feasibility of early retirement and identify necessary adjustments to achieve desired outcomes.
Retiring in your 50s can be challenging, especially with college costs in play. Proper planning is essential to preserve savings and meet financial goals.
24/7 Wall St.https://247wallst.com/personal-finance/2025/01/26/im-looking-to-retire-in-my-50s-while-my-kids-are-still-in-college-how-should-i-handle-this-transition-with-my-finances/
Early retirement is feasible but requires careful financial planning, especially with dependents. Ensure you cover your kids' education costs before making the leap.
24/7 Wall St.https://247wallst.com/personal-finance/2025/01/26/im-looking-to-retire-in-my-50s-while-my-kids-are-still-in-college-how-should-i-handle-this-transition-with-my-finances/
Read at 24/7 Wall St.
#early-retirement #financial-planning #college-costs #retirement-challenges #saving-strategies
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