Do you want to retire early? More and more Americans are choosing to retire early, sometimes even with a committed mindset known as FIRE (financial independence, retire early). If you want to become one of their ranks, an annuity is a vital tool to consider. Why? Here are three ways that an annuity could help you achieve your early retirement dreams.
1. Fill the Retirement Age Gap
Early retirees not only must plan for withdrawals for much longer than those retiring at traditional ages, but they must also fill a multi-year gap before some income sources are available.