Early Retirement Scams
Being able to retire early is a tempting thought in the minds of most hard-working people, but it is not a one-size-fits-all prospect. Before leaving your employment and taking early retirement, ask yourself:
Only you and your investment professional can answer these questions. However, there are unscrupulous investment professionals who may sponsor a free lunch program either at your place of work or at another venue to dangle the prospect of early retirement by cashing out and investing with them. What they don't tell you is their promises hinge upon unrealistic investment returns and excessive cash withdrawals, which can lead to the premature depletion of your retirement funds.
Read more about early retirement considerations and 10 tips to avoid being scammed. For more general information about wise investing and fraud prevention, visit the Investor Resource Library, General A-Z.