3 Silly Mistakes That Could Keep You From Retiring Early
Plenty of obstacles stand between you and your early retirement goals. Fortunately, a number of the most common mistakes are well-studied and relatively simple to avoid. Steer clear of these silly missteps to accelerate your financial plan toward financial freedom and an early retirement.
Asset accumulation is among the first and most important steps in retirement planning, but too many people try to skip it. If you don't save your income, then there's nothing to invest. That might sound oversimplified, but most Americans don't handle this step appropriately. There's basically no shot at retiring early without being an excellent saver.
Every household has different circumstances, but most experts recommend saving anywhere from 10% to 20% of annual income. These numbers aren't chosen arbitrarily -- those are the average amounts that need to be set aside to maintain lifestyle throughout retirement.
Source Fool.com
