Did you jump the gun?
Whenever I meet with someone that says they are ready to retire, I ask them what they will do with their time. If the person starts rattling off a list of things they have to, and want to do, I don’t worry. If I get a blank stare, I worry that they may jump the retirement gun. Here are a few sign that you have retired too soon:

You are bored.
Boredom is a bad thing. I have seen clients spend too much money, gain a lot of weight, and start showing dementia like symptoms out of boredom. 30% of those who retire early, wish they could go back to their old careers. Consider your temperament when potentially dealing with hours of free time.
You don’t qualify for Medicare.
We all know the state of health care today is in flux. For many, premiums and/or out-of-pocket expenses are going up at an alarming pace. If you retire before age 65, you may have a COBRA policy for 18 months, then you will have to go on the exchange and get an individual health insurance policy. Navigating the choices and expenses can drive a person crazy. You must consider how potentially high health insurance costs will impact your retirement resources.

You are withdrawing Social Security benefits early.
Plain and simple: you will take a permanent cut in your Social Security benefit by drawing prior to full retirement age. Let’s say you retire at age 63 and start drawing Social Security benefits. You will take a 20% cut in your benefit for the rest of your life.

Before you pull the trigger, please discuss your retirement plans with your spouse or partner, then, hire a Certified Financial Planner™ professional to provide you with a comprehensive retirement plan that will compare retiring early or at full retirement age.

disclosures:http://www.hechteffect.net/?page_id=31