The pros and cons of early retirement

Photo courtesy of Metro Creative

Many people are looking to retire early, but there are both perks and setbacks to consider.

A lifetime of working compels many people to look forward to their retirement.

Some people even work to retire early. But what are the advantages of early retirement beyond starting a life of leisure? And are there any detriments to this plan?

A survey by the financial services provider TIAA-CREF found that 37% of Americans plan to retire before age 65. However, many of them will not have control over the matter. Those who do may want to consider the pros and cons of early retirement.

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