Eager to Retire Early? Here's 1 Mistake You Can't Afford to Make.

Many people dream of leaving the workforce at an earlier age than most. And retiring early certainly has its benefits. If you go that route, you may get the opportunity to travel at a point in life when you have more energy to sightsee. Plus, there's something to be said for living life on your own terms, without having a boss to answer to all the time.

But in order to retire early, you'll need money to live on. And that's why you'll need to plan very carefully to achieve that goal, which includes avoiding one key mistake.

You'll often hear that it's smart to save for retirement in an IRA or 401(k) plan. And that actually is good advice. With a traditional IRA or 401(k), your contributions go in tax-free so that you lower your tax burden from year to year. Plus, all investment gains in your plan are tax-deferred until you take withdrawals.

Source Fool.com