Perhaps the
best way to prepare for an early retirement is by taking full advantage
of 401(k) plans or other employer-sponsored, tax-deferred retirement plans.
These plans make it possible for you to invest pre-tax money for retirement
directly from your paycheck and, as an added bonus, many companies will
match part, or even all, of your contributions.
If you're self-employed,
you can create your own retirement plan by opening a Keogh account.
Retiring early
is an aggressive act that requires not only intense saving, but a serious
willingness to live below your means during the wealth accumulation phase
of your life.
The GSCPA is
the premier professional organization for CPAs in the state of Georgia.
For information, visit www.gscpa.org .
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