Financial advisors are able to help you figure out how to reach your financial goals and achieve financial independence as soon as possible. So while it can be a complex topic to tackle, carefully considering your lifestyle, assets and debts will allow you to calculate a rough estimate of how long your money will last beyond your income-generating years.
No one knows what the future holds, especially when projecting out 20 to 30 years. That’s why it’s so important that financial planning is a process, not a one-time event, that flexes and adjusts with you and the financial environment over the years.
Can you retire early? Chances are that you can with the right preparation and financial planning that puts you on the path to achieve this financial goal.
(Editor’s note: This column originally appeared on Investopedia.)
— By Paul Sydlansky, founder of Lake Road Advisors