The qualifying age for state pensions in Ireland is 66, and given there is no mandatory retirement age in most Irish professions, it is no surprise that most of us associate ideas of retirement with our twilight years.
Early retirement is a dream that most of think we will never achieve, but contemporary pension plans are making it more and more viable, depending on your financial situation and the amount you would require for a comfortable life when you are no longer earning a salary.
In the advent of artificial intelligence (AI) and automation, software is driving growth in tech and manufacturing industries.
Many jobs we would have considered stable and secure are now being labelled high-risk, and workers in vulnerable sectors may be tempted to safeguard their long-term financial future.
Roles like software developers, computer programmers, coders and web developers are at risk of being replaced by AI technologies that boast increased productivity and efficiency.
Of course, AI is not the only threat to the labour force, and, regardless of your role, if you feel as though early retirement would make you feel better protected and more financially prepared for the future, read on.
It is important to remember that, legally speaking, nothing is stopping you from retiring at any point – if the financial and personal circumstances are right for you, retiring early can go from being a dream to reality.