{"id":3821,"date":"2019-12-12T01:00:56","date_gmt":"2019-12-12T09:00:56","guid":{"rendered":"https:\/\/www.physicianzen.com\/?p=3821"},"modified":"2019-12-12T01:00:56","modified_gmt":"2019-12-12T09:00:56","slug":"planning-to-retire-at-the-age-of-50-know-the-pros-and-cons-first","status":"publish","type":"post","link":"https:\/\/zenproductivity.com\/planning-to-retire-at-the-age-of-50-know-the-pros-and-cons-first\/","title":{"rendered":"Planning to Retire at the Age of 50? Know the Pros and Cons First!"},"content":{"rendered":"\n

This post is by Valentina Wilson who reached out to me to write a guest post on this site. Valentina is a personal financial blogger. She loves to analyze personal financial matters and help others manage their finances in a better way. Travelling is also her passion. She loves to travel and explore different places by herself. To connect with her, go to her\u00a0<\/em>Facebook<\/strong>\u00a0<\/em><\/a>|\u00a0<\/em>Twitter<\/strong><\/em><\/a>\u00a0or visit\u00a0<\/em>Bestdebtconsolidation.org<\/strong><\/em><\/a><\/p>\n\n\n\n

If you would like to submit a guest post <\/em>please contact me<\/em><\/a>. <\/em><\/p>\n\n\n\n

I found this article especially helpful since many of us in the physician and healthcare FIRE community are looking to be financially independent at or before 50 years of age. The most common retirement age I hear physicians who want to retire early is 45-50 years old. However, there definitely are pros and cons to early retirement. I personally love my job and don’t plan to retire early. But, I would like to have the option to be financially independent at the age of 50.<\/em> Let’s learn the pros and cons from Valentina<\/em>!<\/p>\n\n\n\n

Should you Retire at the Age of 50?<\/strong><\/h2>\n\n\n\n

Hey! I hope you have started planning for your retirement! And if you haven\u2019t, you should start saving for your retirement at the earliest! <\/p>\n\n\n\n

Financial advisors often say that you need to save for your retirement as soon as you receive your first paycheck! So, even if you are a student at present, you can plan how you are going to save money for your golden years when you will start earning!<\/p>\n\n\n\n

Because very few people are there who are lucky enough to do the job they love! If not, who loves waking up by that incessant alarm clock? Just imagine, if you could skip the daily grind of your job and start doing the things you love!<\/p>\n\n\n\n

Isn\u2019t it appealing enough? So, what if I tell you to retire at the age of 50? Most likely, your answer would be a big \u201cYES\u201d! Obviously, it\u2019s sheer bliss!<\/p>\n\n\n\n

It may seem like a fulfilling life achievement. Trust me, you can leave the workforce and spend the rest of your days in full control of your time, never answering to your boss again. But for some people, retiring early may be a distant dream. Or you might be scared to think about retiring at 50!<\/p>\n\n\n\n

However, early retirement is not that simple! It requires hard work and effective planning. But before we proceed, you need to decide if early retirement is right for you? <\/g>And that is quite a tough decision to make!<\/p>\n\n\n\n

But don\u2019t worry! To help you in making the decision, we have listed some of the important pros and cons of early retirement!<\/p>\n\n\n\n

Here you go!<\/p>\n\n\n\n

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