Early Retirement: Good Or Bad?

In general, many people think that early retirement is a good thing. Because usually, if there is someone who dares to decide to retire early, it means that he is financially ready, which allows him to live a calm and comfortable life without having to work.

Unfortunately, the above statement is not entirely true you know. In fact, until now there are still pros and cons regarding this early retirement.

Let's discuss it together!

Opinion Who Thinks That Early Retirement Is Not Good

According to those who think that early retirement is a bad thing, they have several reasons, including:

1. Lack of Activities

With the cessation of a person from his permanent job, his daily activities will certainly be drastically reduced.

With reduced activity, he will spend a lot of time at home and not be productive.

On the other hand, it can also lead to several diseases such as; obesity, stroke, and blood sugar due to fewer calories burned each day. Especially when considering the age of the retirees who are not as fit as they were when they were younger.

In addition, it turns out that lack of activity can also cause stress, you know. Especially for people who have worked hard for years, being unemployed and staying at home can have a bad effect on their mentality.

2. Decreased Income

There is no doubt that if a person decides to retire early, at that very moment he or she decides to stop getting a monthly salary.

Of course, it will affect a person's finances significantly, especially if he is someone who has been used to depending on salary for years.

Not to mention if he is not used to being frugal, of course, it will drain his savings. How come? There is no income, but expenses remain the same as usual.

3. Longer Retirement Risk

Retirement does not mean being completely free from risk. The risk of living relying on retirement funds is also quite large, you know.

If someone decides to retire early, the retirement period will be longer. Suppose a person lives for 80 years. If he decides to retire at the age of 50, he must survive on a pension fund for 30 years. And during those 30 years, he will face various personal financial risks.

Unlike people who retire at the age of 60, they only need to support themselves for 20 years. Moreover, if he does have sufficient pension funds, he can live for 20 years without having to worry about his financial condition.

Opinions Saying That Early Retirement Is Good

On the other hand, many people think that early retirement is good. They also have their reasons, including:

1. Can Focus on Maintaining Health

With someone taking early retirement, he will be released from all the pressures from his place of work. He no longer needs to stress about deadlines and can rest more.

On the other hand, by taking early retirement, IQ can focus more on maintaining personal health, such as exercising in the morning, which may not be able to do the routine while he is working.

He can also spend more time on various hobbies, which has a positive impact on mental health, especially in old age.

2. Opening Opportunities to Try New Things

By taking early retirement, a person can choose to pursue a new career that he prefers and does not require as much energy as when he was still working.

He could try a small business, invest, or maybe just help his family who are still trying to build their careers.

The sooner he retires, the more time he has to try new things. It could be, it turns out that these new things are even more profitable than their monthly salary. Tempting, isn't it?

3. Spending Time With Family

If people say, 'The most valuable treasure is family'. Unfortunately, nowadays many people are so focused on work that they don't have time for their spouse and children.

Loving family can not only be material. Family relationships also require free time, affection, and good communication

With early retirement, a person can spend more time with his family. Focus on educating children, chatting with your partner, and doing other fun things.

Those are two different opinions about early retirement. In our opinion, there is nothing wrong with either of them. Please adjust yourself to the abilities and needs of each.

Whatever your opinion, you still have to prepare for retirement as early as possible. For that, you can make ethis.co.id your funding partner, you know! That way, you will get promising benefits, so that your retirement savings can be collected quickly!

 

Author: Ghifary