What to do and things to consider

Last year, the Office for National Statistics found there were a total of 1.56 million retired people under 65 and an early retirement could be just the thing for you.

But before you say goodbye to the world of work, Our Place recommends considering a few things first.

When thinking about retiring early, it is important to think about:

• What will my income be?
• What lifestyle would I like?
• How much more do I need?
• What changes can I make now to ensure that I have the income I need?
• Addressing these key questions can allow you the opportunity to relax and enjoy your early retirement.

The Direct Gov website is an excellent resource for preparing for early retirement. There, you can find information that will help you. Click here to head to the Direct Gov website.

Our Place also recommends using an independent financial advisor, like John Boyce of ACS Financial Planning and you can also find other independent financial advisers by visiting The Personal Finance Society or Unbiased.