Like a lot of people, you probably think early retirement is the stuff dreams are made of. But before you buy into the scenario that has two silver-haired foxes walking along the tropical beach hand-in-hand, here are five reasons why retiring early is probably not going to happen for you:
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5. You only thought you launched the kids.
In the days of old, once the youngest kid graduated college, parents were done. That’s right: After setting aside something for weddings and grandkids, basically you could begin living for numero uno. Back then, kids found jobs, got apartments of their own, and if graduate school was in the cards, it was on their dime. It just doesn’t go down like that anymore. The highest rate of unemployment after teenagers is among 20- to 24-year-olds. It’s a case of life imitating “Girls.” Adult children stay on the family dole longer — and for that reason alone, you likely won’t be able to retire early.
