Early Retirement: How To Protect Your Hidden Retirement Asset

Congratulations, you’re ready to leave the grind for early retirement. But even if your savings are rock solid, an early exit from your career puts one of your most important assets (and your wealth itself) at risk. Here’s what that is, and how to protect it.

A man and his dog on a hiking trail.
(Image credit: Getty Images)

Early retirement has become a hot topic for a lot of workers. Some look at the high balances in their retirement accounts and think, “Maybe I have enough money to retire now.” Others plan to join the FIRE movement (short for “financial independence, retire early”) by leaving their industry before age 50. And yet others are being swept up by the COVID-caused Great Resignation and think it’s time to call it quits.

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This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the SEC or with FINRA.

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Steve Parrish, J.D., RICP®
Co-Director, Retirement Income Center, The American College of Financial Services

Steve Parrish, JD, RICP®, CLU®, ChFC®, RHU®, AEP®, is an Adjunct Professor of Advanced Planning and Co-Director of the Retirement Income Center at The American College of Financial Services. His career includes years spent as a financial adviser, attorney and financial service company executive. He focuses on law, estate planning, taxes and financial strategies that can help enable a successful retirement.