Early retirement is possible, but it often requires careful planning to overcome major financial hurdles. Courtneyk/Getty ImagesThe idea of retiring early can be very enticing. Who doesn’t want to end their 9-to-5 job right now and fast forward into their golden years? Thinking of fun in the sun, endless free time, and no more work?Unfortunately, this isn’t the case for many early retirees. If you’re not careful, early retirement can mean hidden costs such as skyrocketing health insurance, harsher tax burdens, and the rapid depletion of your portfolio.
The Hidden Costs of Retiring Early
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