How to Protect Your Finances If You Need to Retire Early

#Morningstar #RetireEarly #RetirementInvesting

These strategies can help you prepare for the unexpected.

Don’t Count on Dividend Stocks Alone for Retirement Income https://www.morningstar.com/retiremen...

00:00 Introduction

00:17 Why People Often Retire Earlier Than Planned

01:45 How Cash Reserves Can Protect Your Financial Plan in an Earlier Than Expected Retirement

03:00 How Much Is Enough for Retirees to Hold in Cash?

03:34 How Bonds and Home Equity Can Help Cover Cash Flow Needs in Retirement

04:52 Why Investors Closer to Retirement Should Add More Fixed Income

06:03 How Lifestyle Changes Can Help With Retirement Costs

07:13 How Gradually Transitioning From Work to Retirement Can Help Your Retirement Portfolio’s Longevity

08:44 Why You Shouldn’t Claim Social Security Before You Have To



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