Is early, or ‘phased’ retirement an option?

One of the hugely overlooked aspects of pension savings and money doing more is getting income tax back from revenue, says finance expert 

When seeking advice about pensions, consider flexible or phased retirement, a step-down model whereby people transition into retirement by reducing hours and drawing on a pension as they approach retirement age.

Early retirement – so long as it’s voluntary – is a dream for many of us. But if you’re seriously considering grabbing your parachute and getting out early, how do you know if you and your finances are ready for it?

Michael Cunningham of GSB Capital Ireland says that achieving early retirement depends on many factors: What age do you begin planning? What type of pension do you have? Do you have dependants? Other big costs? How much can you put away each month and does your employer contribute?