If you’re like many Americans, your 401(k) may be your single largest retirement asset, and it could be your most important one, too. After all, your retirement may last decades, so it’s vital to ensure your money does as well. What you decide to do with your 401(k) after you retire can be a major factor in how long those funds last.
Do you dream of early retirement? Or do you wish you had the ability to enjoy the greater freedom that comes with retirement in your younger years? When you achieve financial independence, that dream can become a reality.
Financial independence is different than traditional retirement. The typical idea of retirement follows a process of working until you reach retirement age and then exiting the working world.