It's common knowledge: The earlier you retire, the more important it is to manage your assets wisely. However, some supposed "experts" tout retirement plans that can't deliver on their promises. How can you avoid being duped? First, know that retiring early is a big decision that requires careful preparation. If you have substantial savings, make wise investment choices in retirement and spend carefully, it might be a good fit. Still, be careful if someone makes you any of these promises:
- You can make as much money in retirement as you can by continuing to work
- You can expect returns of 12 percent or more
- You can withdraw 7 percent or more and never run out of money
