But, financial advisors agree early retirees shouldn't jump ship until they have all their financial ducks in a row. Fortunately, Newell says ACA subsidies are based on income and not assets, which means early retirees may have some power over how much they pay in premiums. Look into the rule of 55Brandon Renfro, PhD, who is also a financial advisor, says the rule of 55 can be helpful for early retirees who want to access workplace retirement funds early. Thus, early retirees should make sure they don't need to access retirement account funds before 59 ½ before they move their retirement account from their former employer. Ideally, this money will be kept in an account that's easy to access and pays interest, like a high-yield savings account.

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Persons: Stocks, you've, shouldn't, Kyle Newell, Newell, Brandon Renfro, Renfro, R.J . Weiss, Roth, Jordan Mangaliman, that's, Mangaliman, Doug Carey, WealthTrace, Carey, Alyssa Zagrobski, Zagrobski, doesn't, Holly Johnson Holly Johnson, Johnson Organizations: Newell Wealth Management, Medicare, Savings, Goldline Financial Services, Shelton Capital Management, U.S . News, Club Locations: U.S