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THE TWO RETIREMENT STRATEGY (For Young Families)

This was originally posted on the Coached Financial Planning Facebook Page.

Graph showing nest eggs where first retirement starts at 55 then another at 65

I just finished having a meeting with a very smart young woman aged 26 who told me the reason she wanted to improve her Financial Planning was because "If I want to be financially stable in the future, I know it won't happen quick, so I need to get started now." ๐Ÿ˜๐Ÿ‘Œ This reminded me of another conversation I had a few weeks ago with another smart woman aged 40 who told me she wanted to improve her Financial Planning because "I want to make the most of the money we're making over the next 10 years so I can cut back on work and enjoy my life. I don't want to have to keep working so hard until I'm old and miss out on seeing my kids grow up." ๐Ÿ‘จโ€๐Ÿ‘ฉโ€๐Ÿ‘งโ€๐Ÿ‘ฆ๐Ÿ™Œ Both of these conversations relate to a unique opportunity only available to young people/families. That is the opportunity to retire twice. The first retirement happens when you're young and healthy so you can enjoy life and coast into your second retirement which happens when you're old and grey.

The way to do this is to build up two nest eggs. ๐Ÿฅš๐Ÿฅš A