Retired in America

Your Guide to a Confident Retirement

  • Home
  • Personal finance
  • Retirement Life
  • Saving & Spending

Thinking of Retiring Early? These Real-Life Tips Can Help You Do Just That

November 23, 2020 · Retirement Life

Don’t forget that savings are crucial

Investments can help you grow your portfolio and secure a comfortable retirement but as an early retiree, you don’t really have the same time to see your money multiply like people retiring at their full retirement age. This makes it even more important to save as much as possible, every chance you get.

Paul Novell, 46, who decided to retire at 38 and travel the country in an RV, with his wife, admitted that even if they hadn’t opted to put all of their savings into bonds, they would have still been capable of retiring early.

Consider semi-retirement

Early retirement sounds amazing to many people. But if you’re not exactly ready to quit your job this very minute, there are still things you can do to get a taste of retirement life. You can gradually transition your way into early retirement, in what certified financial planner Robert Brokamp calls semi-retirement. It puts less pressure on your retirement portfolio while providing you access to various benefits like health insurance.

Live off passive income in retirement

Passive income could be the perfect way to live comfortably in retirement. From investing in dividend stocks to pension payouts or cash flowing rental properties, there’s no need for you to live paycheck to paycheck.

Jason and Julie Buckley retired at 43, leaving Nottingham, England to pursue their traveling dreams. Their income from rental properties, pension benefits and advertising and book sales on their blog, allowed them to live their dream life without ever touching their savings. The couple says they make around $18,400 per year and are more than happy with their life.

Find some inspiration from these 10 Brilliant Passive Income Ideas to Make Easy Money.

 

Pages: 1 2 3 4 5 6

Share this article

Facebook Twitter Pinterest LinkedIn Email

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

Latest Posts

  • When Will Your Social Security Checks Arrive? (What Beneficiaries Should Know)
  • A retired couple smiling in a bright apartment, symbolizing financial peace in retirement. 25 US Cities Where Your Social Security Can Pay the Rent in 2026
  • 20 Top-Rated Neighborhoods for Retirees in 2026
  • Best Places to Retire in the USA in 2026 (Affordable, Safe & Tax-Friendly Picks)
  • 6 Important Changes to Social Security Benefits in 2026
  • How To Pay Your Taxes With Your Credit Card in 2022
  • 8 Ways To Avoid Retirement Poverty
  • 13 States Where Your Freedom Is Respected
  • 18 Places Where Social Security Is More Than Enough
  • 7 Ways To Budget Your Groceries in Retirement

Newsletter

Get retirement planning tips, savings strategies, and lifestyle insights delivered to your inbox.

Related Articles

10 Common Myths That Might Be Killing Your Early Retirement Plans

You won’t be able to socialize anymore We can all agree that working with other…

Read More →

6 Golden Rules to Generate Passive Income from Real Estate Investments

Choose the right financial sources One very important thing when you start considering investing in…

Read More →

30 Dangerous Things to Your Retirement

5. Paying for medical services When it comes to saving money for retirement, it can…

Read More →

25 US Cities With the Highest Percentages of Working Seniors

Scottsdale, Arizona Seniors in the workforce: 20.6% Senior population: 55,093 Scottsdale is the 85th-largest city…

Read More →

10 Sunny Places to Retire To

Las Cruces, New Mexico – This city’s motto is “Stay Sunny”, so as you can only…

Read More →

10 Best Places to Retire That Won’t Break the Bank

Fort Wayne, Indiana  The average annual expenditure in Fort Wayne is $39.623/year. With $750K, seniors…

Read More →

19 Unsuspected Obstacles That Prevent You From Having a Worry-Free Retirement

Overlooking healthcare costs in retirement Whether we’re talking about early retirement or waiting until you…

Read More →

Is This the Most Overlooked Health Risk for Seniors?

Most of us worry about illness as we grow older. Cancer, diabetes and heart disease…

Read More →

Will Taxing the Rich Save Social Security? Experts Weigh in

Politics and the payroll tax Over the years, politicians have expressed various ideas and proposals…

Read More →
Retired in America

Your Guide to a Confident Retirement

Inedit Agency S.R.L.
Bucharest, Romania

contact@retiredinamerica.com

Trust & Legal

  • About Us
  • Editorial Policy
  • Advertiser Disclosure
  • Frequently Asked Questions
  • Disclaimer
  • Terms and Conditions
  • Privacy Policy
  • Subscribe
  • Unsubscribe
  • Contact Us

Categories

  • Personal finance
  • Retirement Life
  • Saving & Spending

© 2026 Retired in America. All rights reserved.