I've always thought about targeting 60. Spent most of my 20s in college. Most of my 30s paying off school loans. Saving for the next 20 years.
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She doesn't need one. She's working as a TA, so her tuition is paid for. Plus she get's $1300 a month stipend. If she quits spending on shiny objects, she should be able to earn her masters and have $25k in savings. It has less to do with paying for stuff and more to do with hanging on to Mom's apron strings.She can't get a loan?
I will work. But it will be just to keep myself from going crazy. Probably go find some legal aid clinic where I can go 1-2 days a week.Between 55-60, hopefully closer to 55. Although not sure I'll completely hang it up as I'll probably still do some work even beyond.
That’s awesome. As much as I’d love to be able to retire in my 50s, those will be my peak earning years most likely. I can’t imagine I’ll retire before 60, probably will go to 65 (my firm’s mandatory retirement age). Around that time I’ll be paying for college and then weddings for our three girls..... won’t be the time to take the foot off the gas...Just retired in August at age 54. I'm taking a year+ off to get my health back in order (turned into a fat tub of goo this past year). I will probably work again, but it will be nice to know that I will do what I want, and annual income won't be a decision factor.
Also, the cost of health insurance could change things in 5-10 years.
It certainly is food for thought. I've lost friends at most every stage of my life but death became more common and random in my 50s. I've worked for others since the kids were born. Since they've gone off on their own, I've been working for some vague notion off in the future but age makes that future more uncertain. It raises the question of whether to trade a year now when we have our health and can enjoy life against the risk of running out of money in the 2030s.
Ok, so my last day of work consisted of a redeye from LA (1 hour's sleep), an all day client meeting as soon as I drove in to work, and then getting my car totaled commuting home.I think he means to save but enjoy the ride more or less also.
Yeah, my dad retired at 57 with an amazing pension, lots of investments, a great wife and fantastic plans for what they would do in their retirement together. And he loved every moment of his retirement but it lasted five years before he had a sudden heart attack and died.
I get it. Don’t be a slave for retirement; live for today. But you work a long time to ascend in your career. Prime earning years. Not easy to walk away from.What do you mean by this GB? Overrated how?
It's my opinion most people chase the "stuff" and when they get it, they're not any happier than before.I'd like to hear those thoughts, as well.
The countdown app on my phone is measuring in days at this point. I think stress is slowly killing me (a bit faster than normal aging, anyway).