I’m a Financial Advisor: My Wealthiest Clients Retired Early After Doing These 3 Things

Core Insights - The average ideal retirement age for Americans is 58, which is significantly younger than the actual retirement age [1] Group 1: Retirement Planning Strategies - Early retirees set clear retirement targets rather than just saving consistently, which helps in making strategic financial decisions [3][4] - Having a defined retirement goal transforms saving from a passive activity into a strategic plan, leading to increased contributions and intentional investment choices [4] - Early retirees knew their financial targets, which guided their daily spending decisions, prioritizing investments over discretionary purchases [5][6] Group 2: Lifestyle and Financial Goals - Early retirees worked backward from their desired lifestyle in retirement, estimating annual expenses to create a realistic savings target [7]