Want to Retire Early? Millennial Reveals How Retirement Plans Will Help Him Achieve Goal by 37

By Brendan Hughes0 Comments

Saving enough money to enjoy an early retirement is a dream for many. Is it possible to achieve that by 37?

Business Insider reveals the story of a 26 year old financial analyst and blogger who is on track to reach financial freedom by age 37.

Contributing to a Roth IRA and a 401(k) with an employer match are key to growing his wealth. Both plans provide tax advantages that may help investments grow faster than in a taxable brokerage account. The financial analyst’s portfolio is currently focused on stocks, but the same tax advantages are available when investing in assets such as real property and private businesses.

The article details the current status and projections for each account. Budgeting of current expenses is also important to saving and building enough wealth to retire early.

While achieving financial independence so early isn’t possible for everyone, the story demonstrates it’s possible to build wealth quickly, especially when using tax-advantaged accounts.

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